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EURUSD 15M CHANNEL TRADESWe are looking at the EURUSD pair on a 15m chart. Price currently is in an ascending channel pattern Several failed attempts have been made to breakout of the channel pattern While preparing this post we had a bullish breakout of the channel top that failed. If price attempts a second retest of the bullish channel top breakout watch for a completed bullish break-hook-go pattern above the fractal high resistance level of 1.1486 to enter long with a TP at the -27.2% fib level We are waiting for a completed bearish break-hook-go pattern to enter short We are currently in the hook portion of that pattern Short trade 1st entry inside below channel top As price falls to the center of the channel it will come to the 50 ema. Take 1/2 profit off 1st short trade Price may bounce long off the 50 ema to return to the top of channel You could enter long trade with tight SL - follow bullish break-hook-go pattern rules If you go long then close 1st short trade If price breaks below 50 ema Enter 2nd short trade on completion of a bearish break-hook-go pattern below the 50 ema As price falls to bottom of channel take 1/2 profit off 2nd short trade Price may bounce off bottom of channel which also has the 50% fib level as support If price fails to break channel bottom and completes a bullish break-hook-go pattern Enter long trade after a candle close above the 38.2% level Close both short trades if you do this If price breaks below channel bottom and 50% fib level then Enter 3rd short trade after completion of bearish break-hook-go pattern Final TP zone will be by the 800 sma and the fractl low that we started of fib line from Find your own SL I will be adjusting my stop loss as price breaks significant levels to 1 or 2 candles behind the current price candle
by Tradingstrategyguides
AUDUSD 15M ICHIMOKU STRATEGY SHORT TRADEAUDUSD 15m shows triggers when to enter and exit AUDUSD 1H and $H show Bearish confirmation Step #1 Wait for the Price to Break and close below the Ichimoku Cloud Ichimoku cloud trading requires for the price to trade below the Cloud because that’s a bearish signal and potentially the beginning of a new down-trend. The cloud is built to highlight support and resistance levels and it’s supposed to highlight several layers deep because support and resistance are not a single line drawn in the sand, but several layers deep. So, when we break above or below the Ichimoku Cloud that signals a deep shift in the market sentiment. A high probability trade setup requires having more layers of confluence before pulling the trigger. This brings us to our next requirement for a high probability trade setup. Step #2 Wait for the Crossover: The Conversion (Blue) Line needs to break below the Base (red) Line. The price breakout below the Cloud needs to be followed by the crossover of the Conversion Line below the Base Line. Once these two conditions are fulfilled only then we can look to enter a trade. As you can notice the Ichimoku Cloud indicator is a very complex technical indicator that can be used even as a moving average crossover strategy. Now, we’re going to lay down a very simple entry technique for the Ichimoku Kinko Hyo trading system. See below… Step #3 Sell after the crossover at the opening of the next candle Ideally, any short trades taken using the Ichimoku strategy are taken when the price is trading below the Cloud. Our team at TGS website has adopted a more conservative approach and added an extra factor of confluence before pulling the trigger on a trade. So, after the crossover we sell at the opening of the next candle. Step #4 Place protective stop loss above the breakout candle The ideal location to hide our protective stop loss is above the high of the breakout candle. This trading technique accomplishes two major things. Here is an example of master candle setup. Firstly, it’s minimizing significantly the risk of losing big money and secondly, it helps us trade with the market order flow. Since this is a swing trading strategy we’re looking to capture as much as possible from this presumably new trend and we’ll be looking to trail our stop loss level below the Cloud or exit the position once a new crossover happens in the opposite direction. The next logical thing we need to establish for the Ichimoku trading system is where to take profits. See below… Step #5 Take Profit when the Conversion Line crosses above the Base Line We only need one simple condition to be satisfied for our take profit strategy. When the conversion line crosses above the base line we want to take profits and exit our trade. Alternatively, you can wait until the price breaks below the Cloud but this means risking to lose some parts of your profits. In order to gain more sometimes you have to be willing to lose some. Note** the above was an example of a SELL trade using the advanced Ichimoku trading strategies. Use the same rules for a BUY trade – but in reverse.
Short
by Tradingstrategyguides
USDCAD TRIANGLE TRADES4H Triangle Pattern Price bounced off top of triangle heading down Price can bounce off bottom and retest previous high Or price can breakout triangle bottom Macd below 80 Stoch level and Red signal line 1H Chart Macd in strong upward pattern at 80 Stoch level Watch close of candle at end of hour 15m Chart Price bounced off triangle top Currently in a bullish pullback or continuation Price could fall to 20 sma and bounce long or breakout short If bearish watch for a Red SAR circle Find a SL
by Tradingstrategyguides
BTCUSD 15M DAY TRADING CRYPTOCURRENCY TRADING STRATEGYStep #1: Apply the Money Flow Index Indicator on the 5-minute Chart This specific day trading strategy uses one simple technical indicator, namely the Money Flow Index. We use this indicator to track the activity of the smart money and to gauge when the institutions are buying and selling cryptocurrencies. The preferred settings for the MFI indicator is 3 periods. We’re also going to alter the default buying and selling levels from 80 to 100 and respectively from 20 to 0. Step #2: Wait for the Money Flow Index to reach the 100 level An MFI reading of 100 shows the presence of the big sharks stepping into the markets. When buying, smart money can’t hide their footsteps. They inevitably leave tracks of their activity in the market and we can read that activity through the MFI indicator. Technical indicators aren’t always right, so in order to fine-tune our day trading strategy we’ve added a few more conditions. Namely, during the current day, we need to skip the first two MFI readings of 100 and study the crypto price reaction. The price needs to hold up during the first and second 100 MFI reading. If the price drops after the first two MFI 100 readings, then this suggests that most likely we’re going to have a down day. Step #3: Buy if MFI = 100 and if the subsequent candle is bullish We can now wait for the third MFI reading above 100. It doesn’t necessarily have to be the third MFI = 100 reading, you can take every other MFI = 100 readings. If your time doesn’t allow you to catch the third 100 reading on the MFI indicator, you can simply pick the next one as long as all the other technical conditions are satisfied. Next, we also need the candlestick when we got the MFI = 100 reading to be a bullish candle. The close of this candle needs to be near the upper end, giving us a candle with very small wicks. Step #4: Hide your protective Stop Loss below the low of the day. The obvious place to hide your protective stop loss is below the low of the day. A break below it will signal a shift in the market sentiment, and it’s best to get out of the trade. This can also signal a reversal day. Step #5: You pick TP strategy or use 5m chart to use this trading strategy and Take Profit during the first 60 minutes after you opened the trade. We’re more flexible when it comes to our exit strategy. However, the only rule you need to abide by being to take profits during the first 60 minutes or the first hour after your trade got triggered. Holding the trade longer than one hour will result in a lower success rate. At least that’s what our backtested results showed us. Just reverse for short trade.
BITFINEX:BTCUSDLong
by Tradingstrategyguides