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EURUSD Long - Price May Rebound EURUSD has fallen significantly throughout the week but selling strength is also starting to diminish As the dollar has reached 97 which is a key supply zone, the price is likely to fall and that will cause EURUSD to rebound and climb. EURUSD is also seen supported by a 3-weeks supply zone and there's sign of reversal. As today's the last trading day of the week, there's a high chance for large profit taking and that will definitely cause the price to rebound fast.
Long
by AlgoVenture
GBPAUD 1H MACD TREND FOLLOWING STRATEGYStep #1: Wait for the MACD lines to develop a higher high followed by a lower high swing point. This is an unorthodox approach to technical analysis. But, we at Trading Strategy Guides.com are different. We don’t mind doing uncomfortable things if that’s what it takes to succeed in this business. The first rule of thumb to recognize a swing high on the MACD indicator is to look at the price chart if the respective currency pair is doing a swing high the same as the MACD indicator does. A higher high is the highest swing price point on a chart and must be higher than all previous swing high points. While a lower high happens when the swing point is lower than the previous swing high point. Step #2: Connect the MACD line swing points that you have identified in Step #1 with a trendline This step is quite simple, right? At this point, we really ignored the MACD histogram because much of the information contained by the histogram is already showing up by the moving averages. Look at the price action now and compare it to our MACD trendline we drew early. We can clearly notice that the MACD contains the price action much better and reflects the trend much clear. But, at this point, we’re still not done with the MACD indicator, which brings us to the critical part of our MACD Trend Following Strategy. Step #3: Wait for the MACD line to break above the trendline. (Entry at the market price as soon as the MACD line breaks above) When the MACD line (the blue line) crosses the signal line (the orange line) it’s an early signal that a bullish trend might start. However, if trading would be that easy we would all be millionaires, right? And that’s the reason why our MACD Trend Following Strategy is so unique. We’re not only waiting for the MACD moving averages to cross over but we also have our other criteria for the price action to break aka the trend line we drew early. This is a clever way to filter out the false MACD signals, but you have to be equipped with the right mindset and have patience until all the piece of the puzzle come together. If you were to trade just based on the MACD crossover over time you’ll lose money because that’s not a reliable strategy. But if you use the MACD indicator along with other criteria such what this strategy tells you to do, you will find great trade entries on a consistent basis. Step #4: Use Protective Stop Loss Order. (Place the SL below the most recent swing low) Now, that you already know how to enter a trade at this point you have to learn how to manage risk and where to place the SL. After all, a trader is basically a risk manager. You want to place your stop loss below the most recent low, like in the figure below. But make sure you add a buffer of 5-10 pips away from the low, to protect yourself from possible false breakouts. The MACD Trend Following Strategy triggered the buy signal right at the start of a new trend and what is most important the timing is more than perfection. We bought GBP/AUD the same day the bullish divergence trend started. Now, what this has to do with the SL? Basically, a good entry price means a smaller stop loss and ultimately it means you’ll lose a lot less comparing it with the profit potential, so a positive risk to reward ratio. Step #5: Take Profit when the MACD crossover happens in the opposite direction of our entry Knowing when to take profit is as important as knowing when to enter a trade. However, we want to make sure we don’t use the same trading technique as for our entry order. When the MACD line (the blue line) produces signal line crossovers (the orange line) we want to close the position and take full profits. Before taking profits, it’s important to wait for the candle close – either the 4h or the daily candle – depending on the time frame you trade so you make sure the MACD crossover actually happens. Note** The above was an example of a buy trade using the MACD Trend Following Strategy. Use the exact same rules – but in reverse – for a sell trade.
by Tradingstrategyguides
2
BEST RIPPLE STRATEGY IN CRYPTOCURRENCY TRADINGStep #1 Divide your 5-Minute Chart by Trading Sessions Since we’re using a strategy only for day trading Ripple we need to make use of intraday charts. The ideal time frame to implement our Ripple strategy is the 5-minute chart. Also read the simple way of trading multiple time frames in forex. The 15-minute chart will give us a better view of the overall price action and on the Ripple intraday trend. Most cryptocurrency trading platforms can do this automatically and place a vertical line at the start of a new trading day. By doing this we can better visualize where the opening daily price is for each new trading session. Step #2 If we’re on an Up-Day, Mark on your Chart the Time Window between 9 – 10 GMT Time As we mentioned earlier we have found out through backtesting that the best time to buy Ripple is between 9 – 10 GMT. However, that’s only half of the equation because our statistics also show that the best time to buy Ripple is in the up days. What do we mean by this? We want to buy Ripple between 9 AM and 10 AM GMT. Ripple is trading above the opening price. Our Ripple strategy is very intuitive! If we buy Ripple above the opening price it means that we’re buying in the direction of the prevailing trend. Essentially, this is a trend following strategy deployed on intraday trends. Step #3 Buy anywhere between the 9 – 10 GMT Time Window From 9 to 10 GMT we have our window of buying opportunity. This time window also coincides with the London open and it’s the time when many cryptocurrency traders step into the market. Now, depending on your trading skills and your experience you can fine tune your entry point within this time window. Step #4 When day trading XRP Ripple hide your SL below the Opening Price It’s quite intuitive why the logical place to hide your protective stop loss is below the opening price. Any deep below Ripple opening price will alter the bullish sentiment. A sell-off below the opening price indicates that the buyers are weak and maybe we’re better off trying to buy Ripple on another day. In order to make profit trading Ripple we also need a strategy to get out of our position. We’re also proposing an unorthodox way when it comes to the take profit strategy which brings us to the next step. Step #5 Take profit once the Price Travels the Same Price Distance it did from the opening price until 9 AM GMT We’re going to suggest the best way to take profit on Ripple. For an easy understanding of our Ripple take profit strategy we’re going to break down the strategy in two parts: First, measure the price distance from the opening price to the high established between 9 to 10 AM GMT. Second, project the same price distance to the upside measured from the low established between the 9 – 10 GMT window. The same trading concept has been used multiple times in our various trading strategies. We recommend taking this approach because it incorporates the dynamics of the price rather than an arbitrary price on your chart. Conclusion - Ripple Trading Strategy It is said that Ripple has the potential to disrupt the SWIFT system for sending large amounts of money to different countries. Ripple doesn’t have much competition in this space and they have the right infrastructure to be the next Bitcoin. You can also read our best short-term trading strategy.
BITFINEX:XRPUSDLong
by Tradingstrategyguides
NZDJPY 1D/1H ASCENDING TRIANGLE TRADESPrice is in an ascending triangle chart pattern There were 4 failed Bullish breakout attempts of the triangle top Price is falling to triangle bottom trendline 1H Short trade Sell Stop @ 76.20 Sell TP at bottom triangle trendline There will be a decision point at the bottom triangle trendline Long trade Price will rise up to the top triangle trendline Bullish breakout of top trendline Enter on a 15m break-hook-go chart pattern 1st Buy TP @ 77.42 2nd Buy TP @ 78.17 3rd Buy TP @ 78.68 Short trade Price will have a Bearish breakout of the bottom triangle trendline Enter on a 15m break-hook-go chart pattern 1st Sell TP @ 73.53 2nd Sell TP @ 72.04 Find your SL
by Tradingstrategyguides
Z1P take profit!In my humble opinion we have entered a parabolic section on Z1P. looking at exiting at $1.535 for a few reason with a pull back to the 61.8% level! Bump run on the longer term and on the intraday right now which is giving us a good exit signal, including MASSIVE BEAR DIV. on the RSI All of these signals make it to tantalizing to pass up! looking at an take profit exit and then a swing down entry for 1 last long! Stay Vigilant Good luck & happy trading homies! DYOR!
ASX:ZIPShort
by tradingtradefortading
8
BTCUSD: exit longsI'm sitting out of trading at the moment but I am charting daily! as you can see we have CLEAR BEAR DIV. on our RSI indicating a pull back, also on the 4HR we can see negligible Shorts and Longs moving up through the roof. Price acction can not trend with sentiment over the long term, ie if LONGS are moving up price has to pull back... i would look to short this price on a smaller leverage and enter in higher leverage if price action begins to increase. If you aren't interested in SHORTING than this is a good oppurtunity to exit BTC back into USD in another stable coin of your preference!! I would be looking to TP and swing down for a re-entry! please stay vigilant! happy trading homies!! ** I am glued to charts everyday trading and if not trading charting for fun! i will update when i can and i will upload when i can. My account has had limited uploads over this BEAR period however my charting and attention to trades has been as high and as full time as ever!! DYOR.
BITFINEX:BTCUSDShort
by tradingtradefortading
3