SPY: Update. Oversold Analysis was CorrectAnother successful analysis. The trading since December has been rather difficult as you can see by the many long long wicks each monthly candle has
left behind. This means neither the bulls nor the bears were in complete control of the sentiment. But with the right analysis in conjunction with
proper risk management we can profit in any situation. Most of my charts have been predicting correctly what is most likely to happen. Here I can not be certain what will happen because we do not have enough information. The daily time frame has SPY (and the general markets) already in slightly overbought territory. I expect a pullback somewhat like what happened in gold (another successful trading plan even though it has been choppy). We need for the daily to pullback and the monthly to signal a long term buy signal if the bulls want that higher all time high. For now we just wait with out a position. If the markets rally and take off with out us that is ok we will wait for a nice 1hr set up with hidden or positive divergence if so. If it pulls back we will do the same and wait the 1hr time frame for positive divergence or a buy signal to buy the markets.
1hr
crypto futures hourly scalping with ma crossovers & rsi _ oghi to all lovable traders and investors
hereby i want to share a combination of trade ideas for scalping
i've chosen hourly timeframe
indicators used: moving averages and rsi
moving averages:
ema 3, ema 5, ema 7
sma 3, sma 5, sma 7
daily_ema_3, daily_ema_5
daily_ema_5, daily_sma_5
rsi:
rsi 7, rsi 14, rsi 26
daily_rsi_7, daily_rsi_14, daily_rsi_26
as per the analysis over moving average behavioral patterns & rsi movements, useful points are given below which will be helpful while choosing good entry points & exit points,
strategical points for LONG:
* when ema3 crosses above sma3 - green candles start to form
* it's followed by ema5 > sma5 and ema7 > sma7
* when ema3 crosses down sma3 - it's considered as an indication of exit
* if rsi supports then can wait for ema5 crossing down sma5
* as similar, when daily_ema_3 crosses above daily_sma_3, its an higher timeframe bullish indication, so the lower timeframe entries inside this higher timeframe is a sure shot confident entry
* for LONG always take entries when rsi_14 < 30 or 25 else check rsi_7 < 25 or below
* as along the above, bullish CANDLE patterns like bullish engulfing, morning star is been used for entry at lower levels
* so here i've used OPEN as rsi_source in majority
* exit points also indicated at high_rsi and moving average crossunders or reverse crossovers
* for SHORTING, the above said ideas can be used in viceversa
* inputs in the indicator were tailored for users needs so that you will enjoy the magics of customization
if i am wrong in anyways regarding the above indicator strategy, please forgive me and help me improve in this aspect by commenting.
after few more studies and analysis and mainly QUERIES & COMMENTS, i'm planning to backtest these strategies here in tradingview.
also if these strategies are coded in python, we can link it to Binance Futures Algo or Bot Trading.
thankyou for this opportunity,
thanks to tradingview and pinecoders
thanks to Pranab (for 365MA)
thanks to Gandalf (for inspiring)
Special Thanks & Love to Chartbank
MY PREDICTION FOR NZDUSD 1HR MOVING PROJECTIONAs we can observe market tracing back its original path after a great moves on news last week ,
so in my opinion it will try to get down back into zone after it done trying to respect minor trend rejection ,
and if it cant break the zone of prev reversal it will make a certain fakeout before goes on downtrend path ,
but if a reversal occur it will goes up and respect the supply zone before going down
Thats all from me GP XENIX ,
Have a nice Traders , till next mapping by me
Descending Inverse Head and Shoulders on The Graph!Hey traders,
As you can see on the 1HR of The Graph (GRT). The price has formed an inverse head and shoulders with a descending neckline/ resistance. To find the inverse head and shoulders price breakout target, you measure the impulse move of the head and add it to the top of the neckline. This is cool and all but as a bonus, we additionally have a Bullish Divergence on the Momentum Oscillator (RSI)! This makes me really confident we will see a small recovery of +5% in the immediate short term. Set your TP for .437.
Safe trading,
-Pulkanator
$180 Price Target for Monero in the Immediate Short Term!Hello Traders,
As you can see a simple inverse head and shoulders pattern has formed on the 1hr of XMRUSD. To measure the breakout you take the head impulse and measure it above the neckline to find the breakout target. This move is approximately a 5% move, set your TP at $180.
Safe trading,
-Pulkanator
GBP/JPY Gartley Pattern [S]PAIR: GBPJPY
TRADE: Gartley Pattern
POSITION: Short
TIME-FRAME: 1HR
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Looking at a lovely pattern here on the GBP/JPY. Sitting
at market for a sell position here, on the 1HR time frame.
Trading the London markets and the start of New York
before I close down for the day.
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Please be safe in the markets, always.
Truly grateful to be here and share my thoughts with
everyone. Always appreciate your thoughts and what
you have to say and share.
"See yourself as love and only have that, to give away."
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Phil C.
good point for sell goldusdgoldusd 1hr
sell
strong resistant line
break by strong red candle
candle under ma 100
Good position for sell and easy money
Possible Bull Pennant forming on 1HR SPY Possible Bullish pennant forming on the SPY 1HR, based on the following:
-3 touches on resistance from Nov. 4th
-3 touches on support from Oct. 25th
-Higher lows, lower highs, forcing the price into a corner
The yellow lines are hotspots in VP, the first one indicating a possible convergence between it and the support of around $466. Alerts on both support and res., if volume confirms will be an interesting directional play.
Xauusd Gold ready for big move Upside as we see previously gold is in consolidation it just makes a new impulse move and now having 1hr correction I'm anticipating that gold will make the next big move to upside for me gold is a buy
on Monday big move will be made for today I'm not expecting it to break this consolidation.