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RSI 80-20 REVERSAL TRADING STRATEGYStep One: Find the currency pair that is showing a high the last 50 candlesticks. (OR low depending on the trade) The 80-20 Trading strategy can be used for any period. The reason for that is that there are reversals of trends in every period. So this can be a swing trade, day trade, or a scalping trade. As long as it follows the rules, it is a valid trade. Step Two Using the RSI Trading Indicator: When we find 50 candle high, it needs to be coupled with RSI reading 80 or higher. (If it’s low it needs to be combined with the RSI reading 20 or lower. Step Three: Wait for a second price (high candle) to close after the first one that we already identified. The second price high must be above the first high, but the RSI Trading indicator must provide a lower signal than the first one.Remember, divergence can be seen by comparing price action and the movement of an indicator. If the price is making higher highs, the oscillator should also be making higher highs. If the price is making lower lows, the oscillator should also be making lower lows. If they are not, that means price and the oscillator are diverging from each other. Which is why it’s called “divergence.” Just because you see a divergence, it doesn’t necessarily mean you should automatically jump in with a position. We have rules in place that will capitalize on this divergence so that we can make a significant profit. Keep in mind, that this step may take a bit to develop. It is very important to wait for this second high because it gets you in a better position to make a trade. Price goes up/RSI goes down. That is the Divergence. Step Four: How to Enter the Trade with the RSI Trading Strategy The way you enter a trade is very simple. You wait for the price to head in the direction of the trade and wait for a candle to close below the first candle that you identified that was previous 50 candle high. Step five: Once you make your entry, here are your take profits. I recommend you follow at least a 1 to 3 profit vs. risk level. This will ensure that you are maximizing your potential to get the most out of this strategy. You can adjust as you wish, but most good strategies that identify breaks of a trend use a 1 to 3 profit vs. risk level. Step six: Once you make your entry, place stop loss. To place your stop bump back 1-3 time periods and find a reasonable level to put your stop that makes logical sense. So you are looking for prior resistance, support. Just reverse rules for a long trade. PM me if you are interested in reading the complete strategy.
BITFINEX:XRPUSDShort
by Tradingstrategyguides
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
BCHUSD 4H BITCOIN INDICATOR SIGNAL STRATEGYThis is the Bitcoin Signal Strategy indicator It finds when price breaks out of our proprietary ATR channel lines Short or Long signals are painted on the chart Stop Loss is red signal line based on a 2 to 1 risk ratio Stop Loss is then a trailing price stop loss as price continues it move Target Profit is blue signal line based on a 2 to 1 risk ratio Trade will exit when price hits the blue take profit signal line PM me if you would like more information. I will be happy to help
BShort
by Tradingstrategyguides
I Am A Little Surprised about Bitcoin...I am a little surprised how much garbage I see on the internet about Cryptocurrency lately. Promos with fake testimonials claiming they have the guru strategy that will make you millions... Fake people claiming they own over 100,000 bitcoins... You get it what I am saying right? I just have one simple question.. Have you been sitting back watching all this play out or are you actively trading Bitcoin? -TSG P.S. Just curious what the majority in the tradingview community will say. My guess 70% have not, 30% have traded cryptocurrency.
BITFINEX:BTCUSD
by Tradingstrategyguides
2
MOVING TARGET DAY TRADING EXIT STRATEGYOur moving target exit strategy is designed to capitalize on strong market trends that have continued momentum. A strong trading market doesn’t produce significant retracements, and the target trading strategy can help you ride those trends so you can achieve your profits targets as well. Warning our target trading strategy doesn’t require using any type of technical indicator. Everything you need to trade with the moving target strategy successfully is the price chart. This powerful day trading target strategy will help you manage your winning positions in a way that will allow you to maximize your profits. And you maximize your trading profits by riding the trend all the way until it starts fading away. The moving target strategy can be used on any market and any time frame, you can adjust it even for short-term trades. Step #1: Use your preferred trade entry strategy. A breakout strategy works better with our moving target exit trading strategy The first step is to enter the market. Since our powerful day trading target strategy is an exit strategy, you can employ your preferred trade entry strategy. Our team at TGS has thoroughly backtested this exit strategy and found out that by using a breakout trading strategy, the accuracy of this method increases considerably. The rectangle chart pattern is one of the most effective price patterns for trading breakouts. The rectangle pattern highlights the battle between the bulls and the bears very well. Inside the rectangle trading pattern, there is a consolidation that shows that no one is really in control of this market, nor the bulls or the bears. As more stops build up above/below the rectangle pattern the more critical these levels become for the institutional traders who need the liquidity provided by these orders to execute their big trades. When the breakout happens, the momentum will precede price, and if real buying power is behind the breakout, the trend will resume. How to draw the rectangle pattern? Two requirements need to be satisfied to be able to draw the rectangle formation: First, we need an established trend because the big money is made when it’s used as a continuation pattern. Secondly, we need to have at least two equal (or near the same) lows and highs to draw two horizontal lines at should contain the price action. The first step is to enter the market when the breakout happens. We wait for the candle close to confirm the validity of the breakout. The entry and exit strategies for day trading are quite simple. After our order got triggered, we have to let the market do its job and do nothing. Step #2: Leave the market work for five consecutive trading candles It’s somewhat unusual for traders to give the market the necessary time to develop a trend, but it’s the right thing to do because that’s how hedge fund managers approach the markets. At this stage, you’ll have to rely on your initial stop loss to manage the risk. Note* We recommend to avoid the natural impulse to do anything during the first five trading candles. Step #3: Place protective Stop Loss 10 pips below the breakout candle Place your protective stop loss 10 pips below the breakout candle. We’ve added a buffer of 10 pips to protect ourselves in case of any false breakouts. This is a very reliable strategy to manage your risk because the moment the breakout candle high is penetrated we know with certainty that we’re on the wrong side of the market. In this case, you want to liquidate your position. Step #4: The Moving Target Strategy Takes Profit when the market makes a 10 candle low After we’re in a trade and we have past five trading candles, we start counting 10 candles back each trading candle. When the market makes a new 10 candle low, we close our trade in profit. This is an excellent trading method to ride the trend and maximize your day trading daily profit. PM me if you want to read the entire strategy.
Long
by Tradingstrategyguides
1