Get started

Entrypoint

Cool Entry Strategy - Bullish Engulfing in Key LevelsYou are here to read about one of my best crypto-tested entry strategies, Bullish Engulfing in Key Levels . It’s a price action strategy and I’m going to explain its details but, even if you are not good at price action stuff, you could use it as well as I can. There are no requirements for dealing with this strategy except using two indicators. The base success rate of this strategy was over 60% for me and by applying some filters and considering some best practices and being experienced in it, I could increase its success rate up to 76%. This strategy is a combination of a Bullish engulfing candlestick pattern, pivot points, and key levels. By key level, I mean a trend line or a horizontal resistance/support line drawn by you or your added indicator. We can assume the base requirement of the strategy meet if a Bullish Engulfing (BE) pattern takes place near a key level or a pivot point. We will use the Trend Key Point indicator to draw horizontal key levels and key points. It marks pivot points with a sign above and below the candles. If the pivot point is important, the indicator will draw a horizontal line as a key level. In this strategy the LL pivots are important to us. All necessary details will be applied to your chart by adding the indicator to it. You can also read more about Trend Key Point guide and best practices here . There is also an indicator for finding and highlighting Bullish Engulfing patterns called Common Candlestick Patterns . By adding the indicator, you will see too many highlighted patterns because there are active by default. Therefore, after adding the indicator to your chart, you need to open its options and uncheck all except the Show Bullish Engulfing one to highlight just Bullish Engulfing patterns. After adding indicators, you need to wait and capture entry points in a suitable state. But there are some tips and best practices we need to jot down to distinguish between good and bad states and increase the success rate of the strategy. I list below: Ignore a BE pattern that does not occur at a key level or is far from key levels. It’s a good sign if the BE pattern occurs on an LL pivot point (a candle that has a star under it) which meets a key level. BE pattern must have an acceptable and strong body. You can ignore weak candles. Ignore the BE pattern formed just below a resistance or potential reversal area. It excites me to see a BE pattern at the lower point of the price but a BE at the end of correction sounds good too. If the BE pattern occurs on the LL pivot seeing a key level and the volume also confirms that by crossing the VMA20 (volume moving average length 20), you can enter definitively. If the entry requirements are met, the closing price of the BE pattern will be my entry point. Do not enter if the green candle of the BE pattern is abnormally big. You can wait for a pullback or you can ignore the pattern. BE pattern in the bottom of a range box could also be a good chance to enter but you have to be careful where the range is. As you read before, this article is about finding the entry point and after clarifying that it's time to find out where you need to put your stop loss and your take profit but, these topics not fit in this article. You can refer to the other available resources covering these topics. Both of the indicators mentioned are developed by myself, so I tried to apply my best practices to them. I hope it was useful for you. Feel free to submit your comment to improve the strategy or the indicators.
by bhnmzm
2
EUR / AUD SHORT PositionDisclaimer: Any of the content presented on my page showing my analysis of the market is just that, an analysis which means this is my personal opinion of where the price is going to go. Do not by any means take this simple analysis for a reason to enter a trade, I am not presenting these analyses as a form of signals, simply a way to get feedback and opinions from others on how my trades look. Take this trade at your own risk, but know forex is a risky market that you can make a lot of money but can lose that money or even more just as fast, enter these markets with your own risk and good luck with your trading :). Daily Analysis: Price was previously stuck in some kind of range at the top of this last push, one thing that shows me that their is a lot of weakness to the upside is the amount of wicks that price had left when making a push down. Now, after that rejection price has not been able to be stopped and has been continuing to push lower and lower reaching the recent lows and stalling out for a bit. With a price confirmation on a lower time frame this could be a potential trade to the downside and could be one that could take a while to fully play out, if you are patient enough you could get a good amount of pips if it plays out in our favor. Wait for more confirmation on the lower time frames and decide for yourself what would be a good entry tailored to your specific system. Hourly Analysis: On the lower time frames you can see down below, price had tried breaking down below the 1.57778 area, price has now shown a lot of momentum to the down side and is showing only more of a reason for us to get into this trade. For the system that I trade if I get into this I already have a set risk amount which will be only one percent of my total capital at any given time. The only reason I would add on to my position or risk any more on a given trade is when I have my stop at breakeven and price is well below it, I might place another trade risking one percent overall. I hope you all have an amazing trading week, and good luck to all of you out there. If you have any questions about how I trade or you want more details, feel free to leave as many questions you may need down below and I will get back to you as soon as possible. Thanks again, Keyslot
Short
by KeySlot
Perfect Entry Strategy - Bullish Engulfing in Key LevelsHello everyone, you are here to read about one of my best crypto-tested entry strategies, Bullish Engulfing in Key Levels . It’s a price action strategy and I’m going to explain its details but, even if you are not good at price action stuff, you could use it as well as I can. There are no requirements for dealing with this strategy except using two indicators. The base success rate of this strategy was over 60% for me and by applying some filters and considering some best practices and being experienced in it, I could increase its success rate up to 76%. This strategy is a combination of a Bullish engulfing candlestick pattern, pivot points, and key levels. By key level, I mean a trend line or a horizontal resistance/support line drawn by you or your added indicator. We can assume the base requirement of the strategy meet if a Bullish Engulfing (BE) pattern takes place near a key level or a pivot point. We will use the Trend Key Point indicator to draw horizontal key levels and key points. It marks pivot points with a sign above and below the candles. If the pivot point is important, the indicator will draw a horizontal line as a key level. In this strategy the LL pivots are important to us. All necessary details will be applied to your chart by adding the indicator to it. You can also read more about Trend Key Point guide and best practices here . There is also an indicator for finding and highlighting Bullish Engulfing patterns called Common Candlestick Patterns . By adding the indicator, you will see too many highlighted patterns because there are active by default. Therefore, after adding the indicator to your chart, you need to open its options and uncheck all except the Show Bullish Engulfing one to highlight just Bullish Engulfing patterns. After adding indicators, you need to wait and capture entry points in a suitable state. But there are some tips and best practices we need to jot down to distinguish between good and bad states and increase the success rate of the strategy. I list below: Ignore a BE pattern that does not occur at a key level or is far from key levels. It’s a good sign if the BE pattern occurs on an LL pivot point (a candle that has a star under it) which meets a key level. BE pattern must have an acceptable and strong body. You can ignore weak candles. Ignore the BE pattern formed just below a resistance or potential reversal area. It excites me to see a BE pattern at the lower point of the price but a BE at the end of correction sounds good too. If the BE pattern occurs on the LL pivot seeing a key level and the volume also confirms that by crossing the VMA20 (volume moving average length 20), you can enter definitively. If the entry requirements are met, the closing price of the BE pattern will be my entry point. Do not enter if the green candle of the BE pattern is abnormally big. You can wait for a pullback or you can ignore the pattern. BE pattern in the bottom of a range box could also be a good chance to enter but you have to be careful where the range is. As you read before, this article is about finding the entry point and after clarifying that it's time to find out where you need to put your stop loss and your take profit but, these topics not fit in this article. You can refer to the other available resources covering these topics. Both of the indicators mentioned are developed by myself, so I tried to apply my best practices to them. I hope it was useful for you. Feel free to submit your comment to improve the strategy or the indicators.
by bhnmzm
2
EURUSD Long-term My analysis for the Euro against the American dollar for the long run is we are going to see a very strong and Bullish momentum on the European currency after the wave of Retracement ends I expect that the prices may stop and end the Bullish movement at the levels of 61.8 FR of the Bearish wave at the numbers of 1.12900 we better watch for a price action from that area and we might see extended momentum till the Levels of 85% of the same bullish wave we mentioned before at the numbers of 1.09000 and that's where we will put our second entry and then when we ask where will be our fixed stop losses we`ll see the charts telling us normally that will be at the lowest low but we will not do that as we don't want to get caught and the prices trigger our stop losses and then go in our desired direction that's why we will add more Range plus the lowest low in order to eliminate any kind of market manipulation so we will have the number of 1.05000 as our FIXED stop loss and regarding our targets as you can see on the charts we have the numbers of 1.23500 as the highest high and of course our first target and then we will watch for 1.32200 as our second target please notice this is SWING trade which mean it might take from 3-5 months to end or to get out of this trade Please don't move or remove your stop loss under any circumstances Use proper money management Trade safe
Long
by AbdallaAmgad
XAUUSD Buy EntryThis is what guided me in taking gold. First, we had an engulfing bar, which was also a break-out bar. That was the perfect entry but I was not online. So I waited for a late entry. The trend line that was also acting as resistance was broken. Then it was retested by several bars...we then got a railroad to show bullish strength and lastly came a breakout bar that started off by retesting our trend line, now support... There is never a sure trade in FX. So we look for confluence...many things aligning in our favor.
FX_IDC:XAUUSDLong
by Gene12
My own vision for Bitcoin and my expectations I see that the bitcoin is creating a positive technical pattern that will be broken soon when the bitcoin reaches the area between 38 thousand to 40 thousand because it is a very strong area with many pending purchase orders, and it will be launched from it to break the flag pattern and start a new bullish wave that achieves the goals that I Expected My advice right now is to suspend purchase orders about the level of this area - 40,500 - 40 ,000 - 39,500 - 39,000 - 38,500 - 38,300 (There is another scenario that must be considered, which is the launch of Bitcoin before it reaches the specified areas, and in this case, it is possible to enter, In case that it closes a daily candle above the 45000 level.) The stop loss is in case Bitcoin closes a weekly candle under the 38000 level, Which is the Fibonacci level of 0.61 In the end, this is my personal opinion, and it may be right or wrong. I wish everyone the best of luck.
Long
by Mahmoud_Salama
TA: Trying to find the perfect entry point for a short.Note: I needed to publish this with 15m timeframe. But for best results (more exact values) I always draw the lines with 1m timeframe, and scale up to 15m for evaluation. The Theoretical Base: Mathematics. The basis of my approach is the infinitesimal calculus - remember math in school? The first derivative (D1) of a function is the rise of its curve (here: how much a price rises or falls), the second derivative (D2) corresponds to the trend of the curve rise - i.e. whether a curve is concave (rise decreases, the curve makes a "hump" and tops out) or convex (rise increases, with positive rise perhaps parabolic phase). The Road To Practice: Find It In The Chart D1 corresponds here with the angle of a trend line, which I put tangentially to the curve. In contrast to the other procedure with rising curves from above, with falling curves from below. About D2 at this point we only need to know here whether it is positive (curve convex) or negative (curve concave). If we compare the angle of two adjacent tangents, D2 corresponds approximately to the difference of both angles: If the angle decreases (as in the chart), D2 is negative, the curve is concave. Trade Point Definition The perfect trade point for entering a short is the point where D1 has become most close to zero and D2 is negative - the top of the curve segment, its upper reversal point. From there on, it goes down. The best TP for the exit is the point where D1 is most close to zero with positive D2 - the lowest point of the curve segment, its lower reversal point. Note: In practice, local highs in a downtrend are broad. I have written about the "slow death" on tops before. Those are well suited for the application of the technique described in here. On the other hand, local lows in a downtrend tend to be as narrow as a singularity and hence are hard to catch. I will write another idea later on how to approach them most closely. With this knowledge, I now try to find these two points by putting tangents to the price curve and comparing their slopes / angles. Of course, this can only be done approximately, because the price curve never runs smoothly like a sine, but oscillates in different timescales with different frequencies and these oscillations overlap to a chaotic oscillation. So I define the timeframe in which I want to trade and ignore higher timeframes for the creation of the tangents. Then I create approximated tangents (trendline tool) on the outside of each curve section, which connect the high point of each subordinate timeframe with the next, without intersecting the curve at any point.
KRAKEN:BTCUSDShort
by My2CentsOnBTC
1
EURUSD To Slide Down FurtherNot much has changed since my last post. Over the weekend, we haven't seen any news or come up with anything that may suggest a swift recovery for the EURUSD. All the technical indicators and sentiments continue to suggest that EURUSD will go further down. The chart shared with you above has MACD and CCI, all of which point south. Therefore, it would be a safer bet to stick with the trend because "The Trend Is Your Friend." Of course, I have highlighted two major support and resistance lines, and given the current position of EURUSD, and the fact that it dropped smoothly in the last few days, it is possible that it may bounce back up from here, test the previous resistance (the top one), and drop back down. If you aren't too sure how to trade during these times, I would recommend staying put till Tuesday to get a better idea of the market movement and the price action.
Short
by sohrabkhanlive86
When to enter? Does it even matter?With value investing everyone knows: Buy when there is blood in the street, when a good company has a P/E ratio of maybe under 10. But with currencies, other than the advice "50% to 61.8% fib" and a whole lot of troll "buy every bottom sell every top with the magic indicator or magic drawing on the chart" there is no common knowledge. We can look at this recent example where the price dropped, went sideways, and then dropped hard. We could keep looking at winning examples when selling or buying at the top of these bands or ~61.8% retracement The only way to know how good they are is by backtesting a large number and writing down the stats. But are there other ways to enter? Rather than write an entire novel with chapters I will simply go through a list of screenshots Some say it doesn't matter where you enter... It does and it doesn't, depends what you mean by that. First Second Third Fourth Fifth Sixth Seventh Eight Ninth Final This is all simplified to make my point, or points I guess. So you can't just say "entry doesn't matter". People that tried trading, failed, got into "holy grail" safe good boy passive S&P in the last 70 years averaged bla bla bla wake me up, they're the ones saying this. Oh so it does not matter if they buy a stock at a P/E of 8 or 280? Of course it matters!!! Entry matters! BUT where you enter EXACTLY does not matter. I'm not sure how to put it, but go through the examples and you see what I mean. Sometimes it matters, but even if you miss it there are other ones, and these entries are going to be at least a small area "of opportunity" anyway. Well it's more complicated than a "yes" or "no". There are plenty of ifs. And plenty of ways to approach this. Look, Warren Buffett bought too early or later and sold too early all the time. And? Most famous investor in the world. Is there an optimal super entry that gives better results than anything else? Statistically there has to be one, so yes. If we spend ages making stats and we find it do we know it will remain this particular one? Probably not... Can we find it without it just being hindsight bias? Probably not... Would having the mighty perfect entry (I didn't say find every exact bottom, that's not actually possible) make a big difference to our results? Lol you might go from 20% returns to 20.5%. Probably even less. The endless search for the holy entry newbs seem to all be obsessed with... Fool game. It's same as with video games, Starcraft, Lol, Dota, W3. Or chess... Newbs go "I will farm for 40 minutes full eco ignore military, full Nasus q, full catch his pawns, I'll be a monster and they'll see", 15 minutes later "Ok tough guy just wait late game you will feel sorry", 5 minutes later "Victory!" or "GG easy noob", 1 minute later "Report Nasus useless afk trash ebay account". Haha I laugh every time. They really make all the same type of newbie "late game" and "magnet logic" mistakes, 80% of retail FX goes into "day trading" because "hey I figured out I'll get more trades and therefore grow my account faster duh", "Hey you can't lose if you don't sell", "Hey I have this brilliant martingale average down", "Hey wassup wassup wassup I found a trick", "hey if I go for lots and lots of little wins, take my profit fast I'll win small but very often and scale", "hey if I run conservative robots that only return 1% but I run 500 of them...", "hey if I add all these conditions". What a circus. Miss the good old days. Can't humiliate noobs with trading their account is secret, they open their mouths when they get lucky then vanish, and it's not a 1 v 1 or 3 v 3 or whatever it's a 1 v whole market. Even if we cooperate and share ideas it's still a 10 v 10 million or idk. There is however the "bull vs bear" thing. But the Bitcoin bulls from 2018 from 15k to 3k almost all left (losers) and the few ones that stayed pretend they won (or they're too dumb to figure out they were on the wrong side of the market). S&P 500 bear tears are pretty delicious at the moment by the way. You both can say entry matters and entry doesn't matter and be mostly right. Don't waste too much time trying to perfect it. Calculating max risk, probabilities of drawdown, when to exit, when to hold, when to add, how to trail, correlations, those are at least as important as the entry. What I can say is entering very early, far from the stop, out of fear of missing out is bad, and entering very late for a giant risk to reward is greedy and bad. Around 50% retracement is often a good compromise. Stats will help choosing areas and price action (stats such as: over the past 10 years on breakouts would it work out to enter in the big red candle? How about on the previous low? How about 61% fib when the price reacts near the previous low? Etc). Entry doesn't go alone, for example when you average in a sideways within a trend well you'll want to move your stop each time you add according to your average price. That's a whole other subject. Coming up with a whole strategy even simple and even once you sort of understand the markets and have the basics of price action is still clearly going to take a couple hundred hours at best... Just writing this took me a little over 2 hours, and I rushed it, and I obviously don't start from scratch I researched all of this. Just writing an intro like this about entries and stops and targets and trends and pullbacks and breakouts and timeframes and risk and all the other stuff, not even with stats, that alone probably would take 100 hours by itself. How long it takes to convince yourself to hold winners and cut losers and quit a gambler mentality however = infinite time, just quit now you'll save time (thousands of hours!), investing is not for you. Oh and finally, an entry "signal" is a joke. You don't go from 0 to 100 "wow this would be a great buy because of this entry", that's beyond ridiculous. You are supposed to be watching something before getting in and waiting on certain conditions to enter (pullback after breakout), never heard of anyone that had "entry signals". When George Soros went short the GBP it was "because of the entry" but he had a whole theory. The "entry" wasn't a magical signal it's simply he was close to the floor, well ceiling, and had a big RR with big odds! And he explains how "I was selling weeks before", he actually "dollar cost averaged" as I explained. He didn't wait for a certain magical point, he wasn't greedy waiting for a 1 pip stop.
Education
by MrRenev
9
Bitcoin / USD - Reaching $50'000 today?The price is in an uptrend for the past 3 days (since Sept. 13) and broke to the upside the descending channel it was in. NOW For the past few hours, the price of Bitcoin has touched several times and struggle to break the resistance at $48750. This resistance is materialized by the SSB (Leading Span B) and Kijun on the 4H timeframe. Entry signal for a long and targets If we close on the 1H timeframe above $48750, our first target will be $49185, and the second target $49900. What do you think?
BINANCE:BTCUSDLong
by Stephane_ZH
HUGE CUP&HANDLE JUST BEFORE LAUNCH BINANCE:RUNEBTC Coffee time! Hi guys! I don't have enough time to share some ideas. Just see another cup&handle (C&H) as we had LUNA recently, On the picture you can see huge C&HELLO already nicely formed and ready to launch to get you some $$$. Volume is rising and we are for the 3d time trying to get through strong mirror level which is right on 0.382 fib. Wait for breakout of pattern I will wait for 4h green dot on Market Cipher/Vumanchu. Then Look on short time frame how it reacts on the top of the C&H pattern. Target is sitting right on the 0.61fib extention from the whole move of RUNEBTC pair where is also spike on volume (VPVR indi). First stop should be around 0,5 fib extention where is big spike on volume also. If you find this useful then give like to this post and comment. Thanks! Good luck! M This is not any financial advise, always check the market before entering any position.
Long
by Muzaaa
NULS USD Bullish Continuation Soon --14 X + PossibleNULS has finished it's long retrace after its initial 24x from the bottom back in March 2020, and it looking to rise upwards once again. Measuring with the Fibonacci tool after it's long retrace I am finding a possible mid term target of $7.20 per NULS, from it's current price of $.50 that is greater than 14x Gains. The RSI has a long bullish trend and is at the buy zone again currently. The Stoch RSI is oversold and indicating a good entry. NULS has found support on the Moving Averages as well as Historic support from previous Tops. Nuls is a buy currently, as it should soon go bullish. Targets $2.43 $7.20 Higher targets should follow $15 is likely over the longer term, and possibly higher.
Long
by CatShark
5
PYPL Bullish SqueezePYPL has displayed a combination of bullish signals indicating we may see a great bull squeeze, allowing for a great entry. Our first indication that a squeeze was coming was our VPCI indication showing us that the current trend is supported by volume. The Stupid Willy also displayed a buy signal while the squeeze indicated bullish momentum needed for a squeeze. I believe this is a great place to enter, to potentially test the 309.80 resistance since the daily time frame also indicates bullishness(VPCI+Willy). Bullish Signals -Squeeze Indicator -Stupid Willy -Fibonacci Support -VPCI Price Target/Resistance -309.80
NASDAQ:PYPLLong
by ddcakez
TSM bull entry(setup)Although TSM has been consolidating, it has displayed signals of a bullish move. I think we are seeing a great entry to be taken at the current price since we are seen to be resting at a Fibonacci Support for an even greater chance of an up-move. Not only are we testing a support but we have seen reductions in selling momentum, while also getting signs that emas on the Willy may crossover. We have seen TSM continue to test the resistance of 127 so I believe that is a great target for profits, although I believe we are going to break through that since we are seeing a potential squeeze to be had. Bullish Signals -Squeeze indicator -Willy Oscillator Price Target -127
NYSE:TSMLong
by ddcakez
2