Get started

Takeprofit

EOS DAY CRYPTO STRATEGYStep #1: EOS coin price must make a new 20-bars low You have to wait until cryptocurrency EOS makes a new 20-bars low. This is essential because we want to make sure that the prevailing trend is “well established.” The only reason why we trade against the original 20-bar rule is because we know that the original Turtle system has a very low win rate. So, you can make a failed pattern work for you if you do the exact opposite thing of what the initial pattern was supposed to do. Step #2: The previous low must have occurred at least 4 bars earlier than the current 20-bar low The second rule that needs to be satisfied before pulling our trigger is that the previous low must happen at least 4 bars earlier than the current 20-bar low. Basically, this trading rule is trying to point out that we need the EOS price to have a sharp move when it does the 20-day low. Why do we need the EOS price to have an abrupt move? If you’re an avid reader of our TSG blog, you probably know through our teachings that the more reliable reversal happens after a trend ends with a sharp move. The Turtle Soup reversal pattern satisfies all trading conditions outlined above which mean that we can move forward and describe how to buy EOS coin. Step #3: How to buy EOS: After the market drops below the 20-bar low, place a buy order above the prior 20-bar high Now, the original Turtle Soup pattern uses a slightly different entry method. Instead of buying at the prior 20-bar low we buy at the previous 20-bar high. This entry strategy ensures that we’re getting into the market while the market has stopped falling and it’s starting to get traction on the upside. This is one way we’re going to capture the potential trend reversal. Important note* If the buy EOS order is not triggered during the same day you must cancel the order Secondly, when trading EOS tokens with our strategy, your entry will be not too far from the low, which means that you’ll be able to use a very tight stop loss. Step #4: Place your protective Stop Loss below the current swing low After the buy EOS order is triggered, you have to place your initial stop loss below the current swing low. If the EOS price makes a new low, then we want to get out of our trade because the Turtle Soup pattern got invalidated. This cryptocurrency strategy allows us to maintain a very low risk profile on all of our trades. Professional traders and hedge fund managers always look first to protect their capital and this trading strategy enable you to accomplish that for yourself. Step #5: Take profit when you can count 20 bars from the 20-bar low or use your own exit strategy Again, our exit strategy is slightly different than the original Turtle Soup system. We take profits after the market has advanced at least 20 bars from the 20-bar low. Alternatively, you can use the initial exit strategy which requires for you to trail your stop loss. Due to the volatility of this reversal pattern your trade will last on average between 4 hours and a few days, so trade with caution. Note** the above was an example of a BUY trade using our EOS cryptocurrency strategy. Use the same rules for a SELL trade – but in reverse. PM me if you would like to read the complete strategy.
BITFINEX:EOSUSDLong
by Tradingstrategyguides
2
DASH SPIKE & LEDGE REVERSAL CRYPTO STRATEGYStep #1: Dash cryptocurrency price needs to show a steady rise that suddenly accelerates to the upside. When this reversal pattern is complete, it will resemble a cup with a sharp bottom. This sharp acceleration usually is the last stage of a bull cryptocurrency market, and it’s followed by a sharp reversal if all the trading criteria for a valid Spike and Ledge are met. In technical analysis, professional traders also refer to this last spike as being an exhaustion reversal bar that has a high probability of signaling a reversal in the Dash price. Now, before we can trade successfully, we need to understand that this key climax reversal bar needs to follow specific trading rules. More specifically, this exhaustion reversal bar needs to follow three rules, which we’re going to highlight next. Step #2: The exhaustion reversal bar needs to be bigger than the previous bar Relatively speaking the exhaustion bar, which should be the last bar within the downtrend, needs to be bigger than the previous bars. However, this is not mandatory. Ideally, the bigger the climax bar is in comparison with the other bars within the bullish trend, the more profitable the reversal pattern becomes. Step #3: The climax bar needs to develop at a key sup/res level or after breaking a key swing low/high We can’t stress enough the importance of location in trading. Many times you’ll notice that a chart pattern will fail, but that’s not because that price pattern has stopped working. It’s often the case that you don’t have the patience for these patterns to develop at the right location. In order for the Dash cryptocurrency trading strategy to work we need to wait for the exhaustion bar to show up at the right location. Step #4: The exhaustion bar develops after several bullish impulsive bars We need to make sure that the exhaustion bar occurs after several bullish impulsive bars. These impulsive bullish bars will make the appearance of a bullish trend that will trap many sellers once the tide turns. And that’s how retail traders trade the markets, but to trade profitably, you need to trade against the retail mindset. Step #5: After the upward spike, wait for the market to enter into a short period of consolidation or channeling. Usually, after the Dash cryptocurrency price had that last spike up the market will take a pause to digest the recent move, and it will start moving into a short period of consolidation or channeling. Simply, draw two parallel lines to contain this price range. Now, this is what we refer to as being the “Ledge.” The Spike and Ledge reversal pattern satisfies all trading conditions outlined above which mean that we can move forward and describe how to sell Dash coin. Step #6: Sell Dash coin when we break below the Ledge A short trade is entered on the breakout of the Ledge. This is an easy entry method, but in order to avoid the short-term noise and the usual false breakouts, we need also to wait for the breakout candle to close below the Ledge. Step #7: Place your protective Stop Loss above the Exhaustion bar The initial protective stop loss is placed on the other side of the reversal pattern. You hide your stop loss above the exhaustion bar. Step #8: Your Take Profit needs to be two or three times bigger than your risk aka your stop loss. As a general rule, you do want your take profit to be bigger than your stop loss. This is very important to your long-term survival in this business. However, you can achieve your profit target goals by using your preferred strategy when it comes to exit the market. We encourage you to experiment different exit strategies and see which one yields better results. Note** the above was an example of a SELL trade using our favorite Dash strategy. Use the same rules for a BUY trade – but in reverse. PM me if you want to read the complete strategy
POLONIEX:DASHUSDShort
by Tradingstrategyguides
10
USDCAD 4H HEIKEN ASHI REVERSAL STRATEGYIn Japanese, Heiken Ashi means “Average Bar” and it represents the average-pace of prices. The Heiken Ashi candlestick chart can help you to spot both trading periods and ranging periods that you should avoid. There are two primary trade signals that we can identify through the Heiken Ashi candlestick: 1- Bullish candlesticks with no wicks or very small wicks indicate a strong uptrend and excellent buying opportunities. 2- Small candlestick characterized by a small body and big upper and lower wicks signal a potential reversal. Use strategy on all markets and time frames. Step #1: Identify a strong move to the upside. One of the simple ways that we can use the Heiken Ashi candlesticks is to trade reversal when the candles changed color. So, the first thing we’re going to look for a bullish trend or a strong move to the upside. Note* The Heiken Ashi chart tends to give much more extended and smoother runs of bullish and bearish price candles which is because of how the calculation is used to average out the range of the bar. Step #2: Wait for the Heiken Ashi bar to change color from bullish (green) to bearish (red) The first sign that the price is about to turn lower is when we see a red Heiken Ashi candle. In order for the Heiken Ashi bars to change color, there must to be a strong shift in the order flow and this typically translates into a much more reliable signal than we get when typical price candle change color on a normal price chart. The way we look to use this feature is simply to implement traditional technical analysis to locate potential reversal zones with the Heiken Ashi chart. We use the price action reading skills as a filter to identify a potential trade and then we use the Heiken Ashi chart as the confirmation to go ahead and execute the trade. Step #3: The first bearish Heiken Ashi candle needs to have a bigger than average lower wick Long lower wicks can provide an incredible trading signal, especially when using the Heiken Ashi price chart. You can also wait until you see a bearish Heiken Ashi candle with no upper wick. However, this second approach will cost you some profits left on the table. The Heiken Ashi trading strategy satisfies all the trading conditions, which mean that we can move forward and outline what the trigger condition for our entry strategy. Step #4: Sell at the market at the opening of the next Heiken Ashi candle Our entry method is very simple. This is a bullish reversal setup, so we’re looking for buying opportunities once everything is in the right place. Now we can anticipate that a reversal is put in place, and we can go ahead and buy EUR/USD at the opening of the next Heiken Ashi candle. Step #5: Hide your protective Stop Loss above the first bearish candle high. One of the really fantastic things about Heiken Ashi candles and what makes them so great for trading is how we can use them to place our protective stop loss. Because of the tendency of the candles to display continuation, we can go ahead and be really tight with our stops. We can simply place our stop loss above the signal candle high. Step #6: Take profit after we get a close above a previous bearish candle. A good Heiken Ashi trade setup will tend to run for much longer than a usual price action setup. So, when we’re trading with Heiken Ashi candles, we really want to exploit this and keep our trades open for longer than we usually would. Because we’re using such a tight stop loss, we’re only going to need a small price movement to make a good profit on this trade. Note** the above was an example of a SELL trade using our Heiken Ashi trading system PDF. Use the same rules for a BUY trade – but in reverse. PM me if you want to read the complete strategy.
Short
by Tradingstrategyguides
ETHUSD 4H CCI SHORT TRADEStep #1: Wait until the CCI indicator crosses below -100 level When we get a CCI reading below the -100 level, that shows statistically the USD gained more strength than average and therefore great for selling opportunities. As a leading indicator, the Commodity Channel indicator can provide us with excellent great trade signals. When the CCI crosses for the first time below the -100 level that’s the signal that a new bearish trend is about to start or at least a rally will emerge from where you can extract sound profits. Step #2: Wait for a retracement and make sure that during that retracement the CCI indicator holds below the zero line. Waiting for a pullback in price is a more defensive trading approach. However, you can also sell right away when the CCI crosses below -100. In this case, you need to make sure enough time has elapsed between now and the last time the CCI passed below -100. We’re going to apply the more conservative approach and wait for a retracement and the CCI indicator to hold below the zero line during this retracement. We want to see a weak retrace in the CCI indicator that barely goes above the -100 level, but at the same time, we need to look at the price action retracing more than the CCI did. We want to have strength to the downside, if we’re going to sell ETH/USD we want to see continued strength in the CCI reading when the price is pulling back. When the retracement happens, it’s important for the CCI indicator to remain below the zero line. If the CCI crosses above the zero line during the retracement, we’re no longer interested in going short ETH/USD. This is one perfect example of how to filter bad trades from the right trades. Note* The less the CCI turns up, the more powerful the rally should be. Step #3: Sell after 3 or 5 candles “worth” of retracement. Or, sharp Corrections are sold at the closing price. Now, we’re looking for short trades. We have two options for our entry strategy. We either sell after we have seen the market pulling back over the last 3-5 candles or we sell straight away if we have sharp corrections. The natural ebb and flow of the market are given by these short-term pullbacks that we’re going to use to trigger our entry. If the retrace was weak, it means the dominant energy of the market remains. The CCI indicator strategy reflects quite well what is happening behind the scene where the actual buying and selling pressure takes place. Step #4: Place your protective Stop Loss below the most recent swing low We’re proposing a very easy strategy to manage your stop loss. Simply place your protective stop loss below the most recent swing low. However, it’s important to also watch the CCI indicator for further clues of weakness, and if the CCI crosses above the +100 level after you’ve entered the market, you can close the trade at the market price if your stop loss wasn’t triggered in the process. Step #5: Take profit if CCI touches -200 or if CCI drops above the zero level. Whichever happens first. We have two trading tactics to implement when dealing with exits. The more profitable exit strategy is to take profits when the CCI touches the +200 level. However, since the market will only occasionally give us such big trading opportunities we need to have a backup plan. So…. As soon as the CCI indicator turns below the zero level, we want to exit our trade. The first sign that the rally is running out of steam is when the CCI indicator crosses below the zero line. I have also shown here 2 other options of taking profit. One is risk reward ratio (1to1, 2to1, 3to1). The second is a fib extension take profit. This trade hit the 227.2% fib. Note** the above was an example of a SELL trade using our CCI trading strategy PDF. Use the same rules for a BUY trade – but in reverse. PM me if you want to read the complete CCI trading strategy. Some intro information is on the update below.
BITFINEX:ETHUSDShort
by Tradingstrategyguides
GBPAUD 4H REVERSAL - DAY RANGE TRADESGBPAUD is in a Day range pattern Price is at the bottom of the range and also at a long term sup/res level Price can bounce off range bottom or breakout and continue the trend Day Breakout trade - Sell Stop @ 1.7520 Take Profit @ 1.7420 Watch Macd to cross below Red signal line - close trade if Macd crosses above Red signal line again 4H Reversal Trade 1st Buy Stop @ 1.7775 2nd Buy Stop @ 1.7805 3rd Buy Stop @ 1.7875 Take Profit 2 options Opt 1 - 1st and 2nd Trades take 1/2 profit at 50 pips each - run with balance to take profit Opt 2 - Run all 3 trades to take profit Take Profit @ 1.7920
by Tradingstrategyguides
3
GBPAUD 1H BIG 3 BULLISH REVERSAL TRADEPair has been in a long term bearish trend Market is ready for a bullish pullback but timing will be the issue Pair in a triangle chart pattern Long Trade Since timing is the issue wait for your buy stops to hit 1st Buy Stop - 1.7765 2nd Buy Stop - 1.7805 3rd Buy Stop - 1.7875 Take Profit Option 1 - Close all trades @ 1.7922 Option 2 - Close 1/2 profit just before 2nd Buy Stop and then enter again with 2nd Buy Stop Close 1/2 profit of 2nd trade just before 3rd Buy Stop and then enter again with 3rd Buy Stop Short Trade Enter short trade with a 15m break-hook-go chart pattern 1st Take Profit @ 1.7639 2nd Take Profit @ 1.7600
by Tradingstrategyguides
ETHEREUM CLASSIC CRYPTO REVERSAL STRATEGYStep #1: Identify a clear trading range zone followed by a breakout above the resistance level. The principal idea behind the Fakeout – Shakeout reversal pattern is that we’re looking for an area of consolidation or range trading followed by a false breakout that is QUICKLY sold by the institutional money. A trading range is defined by price moving back and forth between clear support and resistance levels. A valid Fakeout only needs enough bullish momentum so we can break above the trading range. Step #2: Identify the starting point of the Fakeout movement. What we’re looking to do next is to just wait for the buy off to fail. The way we’re going to know that this is a false breakout is if the market starts recovering and breaking below the starting point of the buy-off. Simply, mark on the Ethereum Classic chart the bullish candle that started the buy off. It doesn’t necessarily have to be the first bullish candle. What we look for is for the most prominent bullish candle within the upward movement. The critical thing to watch is for the Ethereum Classic price to recover fast and not spend too much time on the upside. Note* The stronger and faster the recovery happens, the stronger the reversal pattern becomes. A legitimate breakout should not retrace so deep. If it does, according to our amazing reversal pattern, it signals that this was a false breakout and a bull trap. The Fakeout – Shakeout reversal pattern satisfies both of our trading conditions which mean that we can move forward and outline what the trigger condition for our Ethereum classic cryptocurrency strategy. Step #3: Place a sell stop order below the candle’s high identified at Step #2 The best entry technique to use when purchasing Ethereum Classic is to closely monitor the charts right when the expected reversal is occurring. You must focus first on identifying the starting point of the fakeout movement. The fakeout movement is designed to fool traders into believing the market will go up when the real intention of the smart money is to really move the market down. This type of fakeouts happens all the time in any market and on all time frames. This entry strategy has only a very small window of opportunity, so you want to make sure you’re ready to pull the trigger when the trade signals show up. We refer to this recovery as the Shakeout phase. The buyers who got caught on the wrong foot and got tricked are about to be taken out, which in turn will fuel more the downside. Step #4: Place your protective Stop Loss above the “Fakeout high” You also need to concentrate on seeing the logical places where to hide your protective stop loss. Trading without a stop loss is a receipt for disaster, so always use an SL. The initial stop loss is placed at the swing high developed during the Fakeout – Shakeout phase. Step #5: Take Profits when the bearish momentum fades away The easiest way to take profits is to wait until the rally starts losing the bearish momentum. The simplest way to gauge when the bearish momentum fades away, is when the price either starts to consolidate again or when big bold bullish candle start to develop on the Ethereum Classic chart. Alternatively, you can trail your stop loss and enjoy the opportunity to potentially make bigger cryptocurrency profits. You have to monitor new swing high points as they are formed and then just trail your protective stop loss above these swing points. Note** the above was an example of a SELL trade using the Ethereum Classic beginner’s guide. Use the same rules for a BUY trade – but in reverse. PM me if you want to read the complete strategy.
BITFINEX:ETCUSD
by Tradingstrategyguides
The fall continuesAs we expected, the price had corrected to 1.20 and then rushed down again. We anticipate the dollar to strengthen further and an overall decline of the pair. At the moment the body of the candle is below the level of 1,1920 and in case of fixation on this level we expect the advance to the level of 1,1860. Technical indicators are also giving confirmation on the sale. Because of that we advise to take short positions and set Take-Profits near the level of 1,1860.
Short
by SuperForex