EURJPYAccording to Fisher's technical analysis, the short-term trend of this currency pair is downtrend.
ACD
Ace should be in your watchlist Ace has done breakingout 0.14 and waiting to bulid support zone above the yellow line.
Ace is ready to hit targets
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What is this beast.....Is it the best moment to buy ?... risk to reward seems to be nice... Im buying some and wait for next move
A-pivot breakouts in EURUSDA-pivots (called A-UP and A-DOWN) are calculated using the opening range (OR - that is where price "belongs") often referred as Initial Balance ( IB ), in our case - monthly opening range. You can find the formula in Fisher´s book.
Red lines are opening range (the range of first 2 or 3 trading days in the beginning of month). Then one multiplies a specified distance (certain number of ticks above below OR) from opening range to get A-pivot level. I am not sure about the exact formula but ACD indicators do it automatically.
Opening range ACD strategy is usually applied to day trading but it is interesting to see how EURUSD reacts when those A-pivots are broken on monthly.
In relatively smooth downtrends price nearly always forms this peculiar bow-loop pattern, returning back to where it broke. Sometimes such bows or loops are formed twice a month.
This is not observed in strong trending market (you can flip back) but still even then price uses those levels as support - resistance.
The fact that price keeps returning back to monthly A-pivot means there is no strong trend yet.
GOOD LUCK!
ACB - Aurora Cannabis Inc.Weed stocks start to bounce, price in lower buy zone and still above longterm lower support trendline. Could have been a minor fake-out of the triangle and once inside can test 8.13 USD
OMGUSDT Go Long in break out zone - PrudenceThere is key support with the Daily Pivot Range, 3 Day and 6 Day Rolling Pivot Range as well as the Weekly Pivot Range, including the Monthly Pivot Range. This setup cannot be more supportive. With the price trading in breakout mode at the moment of writing the need to act is now to go long the market.
The action to take is to place a buy order to enter the market long within the buy zone area but with a limit of 15.65 or close to this level. This gives us a good risk reward ratio within a high probability setup with all this support. With the breakout this will confirm the market wants to move higher. Place the stop loss at the Opening Range low and the profit targets stated below.
Exchange: Bittrex // Buy at: 15.65 limit // Stop-loss: 14.89 // Take-profit: 17.95 / 20.40
Once price reaches the first profit target raise the stop loss to breakeven (entry level); then if the market follows through to higher levels manage the trade further by using a trailing a stop loss 1.00 points behind until second profit target is reached or stopped out.
Bitcoin Buy on 'A' Up Setup - PrudenceWith the Daily Pivot Range and 3 Day Rolling Pivot Range below current price levels the bias is shifting to the upside. However we need further confirmation before entering a buy position to go long the market.
The key resistance is at the Weekly Pivot Range high which coincides with the ‘A’ up line and the 6 Day Rolling Pivot Range high. Moving Averages turning up is bullish.
The action to take is to place a buy order to enter the market long if the market trades at or above the ‘A’ up line for 15 consecutive minutes or longer. This will confirm the market wants to move higher. Use your short term or 1-5 minute charts to verify the time requirement. Place the stop loss at the Opening Range low and the profit targets stated below.
Entry Price: 7480
Stop Loss: 7365
Profit Targets: First profit target 7640. Second profit target 7890. Once price reaches the first profit target raise the stop loss to breakeven. Then if the market follows through to higher levels manage the trade by trailing a stop loss 150 points behind until second profit target is reached or stopped out.
Litecoin Remains Bearish - LTCUSD The price for LTCUSD remains with a bias is to the downside with the price trading below the 3 day Rolling Pivot Range (green, yellow dots). However the Daily Pivot Range (blue dots) are neutral at the time of this writing with the price action staying inside the range for the past few hours.
With today’s Opening Range (whiter background) also holding resistance be careful about buying at this moment.
Daily Pivot Moving Averages (red,yellow, white lines) remain pointed downward which is bearish on this 60 minute chart. As well the 14 day and 30 day Daily Pivot Moving
Average crossed the 50 day Daily Pivot Moving Average. This is bearish on a longer term basis.
The action to take is to place sell stop entry at 16450 below the recent low, and if triggered place the stop loss and profit targets as stated below.
Note: this trade recommendation is good for today and will expire at UTC 0800.
Entry Price: 16450
Stop Loss: 17903
Profit Targets: First profit target 15450, 2nd profit target at 14450. Once first profit target is reached, bring stop loss to breakeven.
ETHUSD Poised for Another Leg UpTake a look at the chart and see analysis. By our first rule, the entry needs to be confirmed by trading at or above the 'A' level. However this breakout is happening with new all time highs and would warrant entry at this time with the nature of cryptocurrencies, particularly the inability to short this market.
ETH/USD to Test 800 to New Highs or Major 'A' Up Fail TradeHere you can see the setup occurring if the entry rule is met. The price must trade at or above the 'A' value line for a minimum 15 minutes to validate a long signal. Beware the 800 level which could be the catalyst to explosive upside or provide an 'A' up failure trade which would make a significant correction to the downside.
Go long break above GBPJPY 'A' up - PrudenceAn ACD' 'A' up trade setup through the Pivot Range and good 2.0 Risk Reward ratio.
Breakout 'A' Up Trade ContinuationThe 'A' Up trade is established based on our rules.
However since we have missed this initial move up, we will look for an entry based on a continuation of the move if the price breaks out above the previous high.
ACD For Trading View 1.1Modified from ACD For Trading View by pengkwai (my father) to clear up some unclear text in the inputs so people can understand use the indicator more easily.
You should be able to modify most things by clicking "Format" then going to "Inputs". One thing that can only be changed in the code for now is the length of the OR. Under the Inputs tab it is set to a string and is drop-down, you need to go to the code to change the variable snp from 20 to anything else.
ACD Method A-Up in conjunction with IB Bullish BreakoutToday was a Pivot on Gap Day in the A C D Method. The SPX opened at 2321.8 well above the pivot range of 2315 - 2315.6 above Fridays high and at all time highs, a definite bullish bias. The 10 minute Opening Range was 2321.3 - 2323.6 with A-Up at 2326.2 and A-Down at 2318.7. The Market Profile Initial Balance was 2321.3 to 2325.8. Just after 11:20am the SPX broke above the A-up level and the Initial Balance High and rallied to 2327.3 and started pulling back. I placed a limit buy at 2326 just above the IB high and was filled just after 11:50. My initial stop was at 2323.5 and my target was at 2329, I was filled just after 13:15 for +3 points. A better target would have been 2330 as the 200% extension of the IB was just above at 2330.3. The market made the high for the day at 2331.8 just after 13:35.
