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Williamspercentr

Promising Breakout Setup Ahead! Chart 1W CBOT_MINI:YM1! BLACKBULL:US30 Promising Breakout Setup Ahead! The chart highlights RSI and Williams %R trendline breakout plays. My strategy? Identify trendlines on the chart, monitor RSI and Williams %R, and target breakouts on these momentum indicators. Current Situation: All key signals have already triggered. Strong bullish seasonality Favorable COT data (small specs bearish, commercials bullish) Low open interest This setup aligns with high-probability breakout criteria. Chart Indicator SMA 1W 52 (red) SMA 1W 18 (green) Bottom Indicators WilVal Williams R% 9 length RSI 9 length Not Financial Advice for more questions ask in the comments or check my X @valuebuffet
CBOT_MINI:YM1!Long
by FairValueBuffet
EURJPY CASE STUDY: FIBONACCI RETRACEMENT+SUPPORT/RESISTANCE ZONEThe scenario for EURJPY on H1 timeframe could be as following: 1- Retracing from a support after a morning star pattern (bullish pattern) and CCI / %R being oversold suggesting a return to the normal zone, with a buy order being put after the new candle making a wick down and breaking the high of the current one. Targets are set according to Fibonacci lvevls; 2- If the price respects the down trend, we should expect a break of the support after the retracement; 3- Now the perfect scenario would be to wait until a retest of the support to take our sell order, with targets beimg put at major levels. Put your stop losses according to your risk management plan. If you have any questions I will be more than happy to answer them in the comments...
Long
by youhannaabboud
CCI AND %R INDICATE A POTENTIAL SELL+ POSSIBLE CUP AND HANDLE This is my prediction for GBP/JPY on Daily time frame. The next candle can see the CCI and %R indicators going back to the range after being overbought wich indicates a sell opportunity. If it opens, makes a wick up and breaks the low of this candle don't hesitate to take it. The target being a previous support/resistance level. On the other hand, the previous chart shows a "cup" formed and combining it with the previous sell we might see a cup and handle pattern forming. The target being a support/resistance level from July 10th 2014 and Jan 29th 2016. It might take a couple days to have a clear picture so stay updated! Feel free to comment your thoughts and ask your questions in the comments, I will be really happy to help!
by youhannaabboud
1
MBII Potential Bullish Breakout Ahead? #BTCI have a theory on Bitcoin. I noticed that a good amount of marijuana stocks turned Bullish right around the time that Bitcoin turned Bearish in beginning of 2018 My guess is that the market movers were taking their gains and then pumping it more with mj stocks So this setup will be interesting to follow. Because Bitcoin is nearing a potential Bear market Will the pattern repeat if Bitcoin fails at it's support level? This is a risky trade and mainly trying to document the theory Always set tight stop loss on these type stocks.
MLong
by Craig_Claussen
Short "G"Company Profile Assicurazioni Generali S.P.A. is an insurance company based in Italy (Trieste) but operating worldwide: it’s the leader in its sector not only in Italy but also in other countries like Germany and France. It offers a broad range of insurance services like property and casualty insurance, insurance for companies and life insurance. The firm operates in the financial sector, in particular in the insurance specialty industry. Signals Position: Short Target Price: $17.91 Entry Price: $18.375 Stop loss: $18.66 Indicators MACD line is below the signal line meaning we are in a bearish momentum KELTNER CHANNEL signals a bearish momentum with the price level falling from the upper bound to the middle of the channel The WILLIAM %R can’t go back to-20% without falling back Analysis If we connect the two lows of the price level we find a positively-sloped segment, while if we connect the corresponding points on the MACD line the slope of the segment is negative. This is a signal that a reversal is happening, so we expect to go from an uptrend, which is the main trend, to a downtrend . There is a trending support line obtained connecting the lows, and here is where we expect the retracement to stop so we set the target profit slightly above it. Also the William %R is pointing out a difficulty in continuing the main trend, because it was not able to cut the -20% threshold and fell down. Finally, we can observe how the price level has been hitting many times the higher band Keltner channel, while the last candlestick is significantly below the higher band, signaling the bullish momentum has ended. Conclusion The stock is experiencing a bearish momentum, so a short position is suggested but still taking into consideration that the main trend is an uptrend, so the profit target is set at the lower bound of the Keltner channel, close to the support trending line. No financial advice.
MIL:GShort
by vf_investment
tech overbought afNQ short term bearish on tech here. expecting a nice pullback and a buy the dip opportunity on tech stonks within the next week. the setup here is simple: every time nq goes outside of upper BB, as expected per BB definition, a nice correction follows %R indicates current overbought conditions on not only daily time frame, but weekly and monthly as well. Drawing Explanation: -I circled areas where nq price extends outside of upper deviation of Bollinger Bands and circled the corresponding overbought level on %R that led to/showed the correction thereafter; almost every time it sold off into -80 level (oversold af) on %R -I drew purple rectangles where %R levels were simply oversold but not necessarily correlated to upper bollinger band breach -I drew orange rectangles where there was an overlap between %R oversold condition and where BB upper band was breached at the same time Also worth noting that detrended price oscillator is at a resistance of sorts... *weekly chart shows price is at upper BB level too
TVC:NDQShort
by R10rei
Trading a Ranging MarketBAND has broken its previous consolidation range only to enter another range. Let’s take a look at how you can take advantage of a ranging market! BAND Price Action BAND was one of the best performing cryptocurrencies in the first half of 2020. However, after its crash in September, the cryptocurrency has yet to regain its strong momentum. The token has ranged between $5 and $7.5 for almost four months. On January 6th, it finally broke this range, only to enter another one, this time between $7.5 and $11.5. Let’s now take a look at a strategy you can use to take advantage of this. Ranging Market Strategy You can use Williams %R on the 4h chart to find oversold zones and then use the MACD on the 1h chart to enter when the reversal is taking place. In short, the strategy works like this: when the Williams %R shows overbought on the 4h chart, take the next MACD buy signal on the 1h chart. As displayed in the chart above, this strategy can identify some great reversals. When it does identify reversals, the strategy can make significant gains. On the other hand, you may also get some “fake signals” that are too early and bring about large losses. Therefore, it is probably best to go with a tight stop loss to minimize losses, and a wide profit target and trailing stop loss to take full advantage of reversals. Disclaimer: This is just one example of a strategy that you can use to trade a ranging market, and is not a recommendation. Using this strategy in a bearish market will probably lead to more losses than gains. Suppose you want to use it in a bullish market instead. In that case, you can add the MESA or any other trend-following indicator on the daily chart, to make sure you only take trades in the direction of the trend.
Long
by cryptohopper
Is the Bitcoin Uptrend Coming to an END?Bitcoin has been in an exceptional uptrend since October 2020. Let's find out if this bull market is coming to an end and what could happen next! Is the Bull Market Coming to an END? When Bitcoin is in an uptrend, the 150 EMA on the 4h chart acts as a mobile support. Bitcoin has kept above the 150 EMA ever since breaking above the $10,000 price range in October 2020! The coin has retested this support multiple times but never went below it significantly. Therefore, if Bitcoin closes around 10% below the 150 EMA, it would mean that this uptrend has come to an end. What Happens Next? This doesn't necessarily mean that we will have a bear market. We may continue to consolidate instead. Further proof that we may be in a ranging market instead comes from the indicator Williams %R. Williams %R is an oscillator that finds overbought and oversold zones. As with any momentum oscillator, it works best in a ranging market. Ever since Bitcoin got rejected by the $42,000 level, Williams %R has been working very well. If we do drop below $30,000 we may see a bear market, however, it shouldn't be very severe and we should still hold above $20,000. Thus DCA may be the preferred investment method over the coming weeks. A consolidating Bitcoin market can be a positive development for the crypto world. It may give altcoins enough time to catch up and make big moves; ETH, AAVE, SNX, LINK, and FTT, among others, have already started a strong uptrend. Additionally, this gives Bitcoin time to consolidate its massive gains over the past three months.
by cryptohopper
1
BCHUSD 1H BEST MOMENTUM TRADING STRATEGYThe Best Momentum Trading Strategy using the Best Forex Momentum Indicator Our team at Trading Strategy Guides believes that smart trading is the way to build the best momentum trading strategy. In this regard, we don’t want to predict when the momentum will happen, but we let the market tips his hands and then react. One principle of the momentum indicator strategy is, “buy high to go higher” and “sell low to go lower.” In other words, we trade in the direction of the trend while having the momentum on our side. Also read the hidden secrets of moving average. Moving forward, we present the buy side rules of the best momentum trading strategy. Step #1: Define the Trend. An Uptrend is defined by a Series of HH Followed by a Series of HL. The definition of an uptrend is pretty much standard. In an uptrend, we look for a series of higher highs followed by a series of higher lows. Two HH followed by at least another two HL is enough to define an uptrend. A higher high is simply a swing high point that is higher than the previous swing high. While a higher low is simply a swing low that is higher than the previous swing low. All momentum traders know that the trend is our friend. But without momentum behind the trend, we might actually not have any trend. For active traders, we also look at the actual price action in order to gauge momentum. Besides reading the best forex momentum indicator. Step #2: In an Uptrend Look for Bold Candlesticks that Close Near the Higher End of the Candlestick . A technical analysis concept is that you want to use multiple confirmation signs when buying and selling. This will increase the likelihood that’s a high probability trading setup. In this regard, the momentum trading strategy besides using the best Forex momentum indicator, also incorporates the price action. A practical way to read momentum from a price chart is to simply look at the candlestick length. What we want to see in an uptrend is big, bold bullish candlesticks that close near the higher end of the candlestick. In the figure above, we have an ideal representation of what we’re looking for. The upside price movement is preceded by big bullish candlesticks. This confirms the momentum behind the trend. Now, it’s time to focus on the Williams %R. This is the best forex momentum indicator. Which brings us to the next step of our momentum indicator strategy. Step #3: Wait for the best Forex Momentum Indicator to get oversold (below -80). Then rallies above the -50 level before Buying . We’re going to use Williams %R, the best forex momentum indicator in a smart way. In an uptrend, we buy after the best forex momentum indicator has reached oversold conditions (below -80). And then rallied back above the -50 level. Now, we have confirmation from both the price and the best forex momentum indicator. The real momentum is behind this trend and the probabilities are in favor of more upside prices from here on. Note* If the best forex momentum indicator continually stays in overbought territory (above -20 level), it signals a strong momentum and conversely a strong trend. Inversely the same is true in a downtrend. The next important thing we need to establish is where to place our protective stop loss. Step #4: Place Your Protective Stop Loss below the Recent Higher Low. We want to hide our protective stop loss. It is below the most recent higher low level that formed right before the best momentum trading strategy issue the buy signal. Alternatively, you can also trail your stop loss below each most recent higher low. This strategy will allow you to lock-in the potential profits in case of a sudden market reversal. Last but not least the momentum indicator strategy also needs a place where we need to take profits, which brings us to the last step of the best momentum trading strategy. Step #5: Take Profit once we break below the Previous Higher Low A trend in motion can stay in that state longer than anyone can anticipate. And since we want to maximize our potential profits we let the market tips it hands before liquidating our trades. In this regard, we look for a break in the trend structure. Respectively a break below the most recent higher low. Alternatively, you can take profit once the best forex momentum indicator breaks below the -50 level. Note** The above was an example of a BUY trade using the Best Momentum Trading Strategy. Use the same rules for a SELL trade. Summary The best momentum trading strategy leverages the tendency of a market’s price to continue moving in a single direction. This is where the momentum might be upwards or downwards. In essence, market timing is crucial for a momentum indicator strategy. And in this regard, we incorporated the best Forex momentum indicator (Williams %R) in our momentum strategy. Here are some of the trading conditions you want to avoid in the forex market. Timing the market can be a daunting task. But our team at Trading Strategy Guides believes that using a pure price action can get you a long way.
COINBASE:BCHUSDLong
by Tradingstrategyguides
Swing Trading Bitcoin Like A ProCryptohopper Newsletter Market Analysis After a 20% crash a week ago, Bitcoin is again testing the resistance around $10,000. Should this resistance break, $11,000 will probably be the next price target in this bull run. Even if the price does not break the resistance at $10,000, it still provides us with many opportunities for some very profitable swing trades, which we will cover in this newsletter! Momentum + Trend Professional traders will, in most cases, look at more than one indicator. They look at multiple indicators because each indicator, no matter how accurate, will always have drawbacks and will need to be complemented by at least another one. In our case, the weakness of Williams %R is that it will signal a buy continuously while the price is crashing, and you may enter a position too early. The drawback of the Tripple Exponential Moving Average (TEMA) crossover is that it may provide too many signals, especially in a ranging market. It will sometimes also signal a buy when the price is overbought. However, when combining the two indicators, we can buy when the price is oversold and when the trend is back in our favor. Similarly, we can sell when the price is overbought, and the trend is no longer in our favor. Generally, these indicators are among the first to react in their respective category. Williams Percent %R is a fast oscillator that detects when the momentum has shifted faster than the RSI or Stochastics. The TEMA is among the quickest moving averages, as it gives three times more weight to the most recent data than the regular EMA. Therefore it will also be among the first to react. Together these indicators can be used to great effect when taking long positions in a bullish market and shorts in a bearish one. They will provide signals often even on the higher time frames.
COINBASE:BTCUSDLong
by cryptohopper
5
Scalping BITCOIN with Williams%+EMACryptohopper Newsletter Market Analysis After a very large bullish move around a week ago, Bitcoin has been ranging between $9,500 and $8,500. The price now appears to be testing the resistance at $9,500 again, and whether the price will achieve a breakthrough or not is still an open question. Usually, we are told that we should not trade during ranges and that we should only trade when there is an established trend. Although there is a lot of truth to these statements, one can still make a profit by scalping the ranges . Today, we will therefore take a look at how you can use a scalping strategy and profit during a range! Indicators Choosing the right indicators is an essential part of an automated strategy, and a scalping strategy is no exception! This week we are looking at how to combine William’s % and the Exponential Moving Average crossover in order to get a solid entry point. William’s % serves as a great indicator in identifying pullbacks in the market. However, as we know very well, this indicator can be oversold for a very long time, and it can take a long time before the market recovers again. Thus, we need a trend-following indicator to identify when the trend has reversed and is moving higher again; the Exponential Moving Average is an adequate indicator to use in this case. In our strategy, we will use William’s % as the first requirement for entry. Then, we will use the crossover between the 1 EMA and the 15 EMA as our second requirement. As you may have noticed, the probability that these two indicators provide a buy signal at the same time is very low. As such, we can use a feature in our strategy section in Cryptohopper which lets us keep a certain signal for up to 10 candles. Therefore, if Williams % showed an oversold signal, and a few candlesticks later we would see the crossover of the 1 and 15 EMA, our hopper would still make the trade. If you want to be conservative and make sure you are only trading when the broader trend is in your favor, you may want to add the MESA indicator on the 4h time frame while keeping the EMA and William’s % on the 15 minutes timeframe.
BITTREX:BTCUSDLong
by cryptohopper
1
RSI vs. William's % Which One To Use, And When?Cryptohopper Newsletter Bitcoin’s rebound seems to have slowed somewhat, with a correction of more than 10%. However, the price now appears to be pushing higher again and is close to this month’s high. Depending on the kind of momentum indicator you have selected, you might or might not have taken advantage of this opportunity. In this week of technical analysis, we will look at two different momentum indicators: The RSI and Williams % and see which ones are the best to use and when. Without further due, let’s start by diving into the RSI! RSI The Relative Strength Index is one of the most used momentum indicators in trading. The RSI is a momentum oscillator that fluctuates between oversold and overbought . When RSI is below 30, it is generally considered to be oversold and at the right time to buy, and when it is above 70, it is usually regarded as overbought and a good time to sell. The RSI is significantly slower than William’s %, and as such, it can be used effectively on larger time frames to predict recovery from more significant market crashes. In a bullish period, though, the RSI might give minimal signals only. Let's now look at William’s % William’s % William’s % is another momentum oscillator that is frequently used by traders. Just like the RSI, this indicator oscillates between oversold and overbought zones. When this indicator is below -80, it is said to be oversold, and when it is above -20, it is said to be overbought. William’s % is faster and gets into oversold or overbought zones quicker and a lot more frequently than the RSI. As such, Williams % can be used very efficiently in a bullish market as it will quickly and efficiently mark each pullback the uptrend has. However, the indicator may provide too many signals in a bearish market, thus leading to significant losses. RSI + Williams % In conclusion, the RSI is better used on the more extended time frames in order to identify the reversal of significant crashes, while William’s % works better in an uptrend. What some traders do, and it should generally be avoided, is using the two indicators together to provide a buy signal. For example, using both the RSI and Williams % and then buying when they are both oversold. However, this can be very dangerous, as Williams % will show oversold each and every time the RSI does too, and as such, you are really only relying on a single indicator instead of two. With that out of the way, it is possible to use both indicators together on different time frames successfully, but we will cover this another time!
Long
by cryptohopper
2
Trade with the trendCryptohopper Newsletter Chart Bitcoin has retested the support at 8,500$ after having dropped more than 20% from this year’s high two weeks ago. The price is now moving higher and retesting the resistance at $9,000 Trade with the trend Bitcoin has some of the most spectacular swings out of all the assets in the world. It can rise hundreds of % in an uptrend and then fall more than 80% in a downtrend. As such it is important for traders trading on the smaller time frames to trade with these trends and not against them. Trading against the trend is one of the most common mistakes new traders make. For this week’s analysis, we will look at how we can identify a general trend and how we can trade with it. Let’s dive deeper into how you can trade the trends within the BTC/USD market! Identifying the trend First off, we must choose the timeframe in which we want to place our entries and exits; let’s take the 4h chart as an example. Then, we must look at an order of magnitude larger , Alexander Elder described an order of magnitude larger as a factor of 5 . In our example we can take the daily chart as our larger time frame. Then, we can use a trend-following indicator to identify the trend on the respective timeframe. The MESA is a good example of a trend following indicator. By using the MESA and only trending in the “green zone” we can ensure that we will always trade with the broader trend . Identifying the pull-backs A momentum indicator can work well in identifying the pull-backs on a smaller time frame. Let’s take Williams % as an example. This indicator can be used in identifying the oversold zones and timing your entries in the market . A trailing stop loss can then be used in order let your position run along with the general trend and not exit prematurely. You can find both the MESA and Williams % along with many more indicators in our strategy section; you can set them to any timeframe you desire!
BITSTAMP:BTCUSD
by cryptohopper
4
BTCUSD 1H WILLIAMS %R MOMENTUM STRATEGYStep #1: Wait for the best Forex Momentum Indicator to get oversold (below -80). Then rallies above the -50 level before Buying . Step #2: We’re going to use Williams %R, the best forex momentum indicator in a smart way. In an uptrend, we buy after the best forex momentum indicator has reached oversold conditions (below -80). And then rallied back above the -50 level. Note* If the %R momentum indicator continually stays in oversold territory (below -80 level), it signals a strong momentum and conversely a strong trend. Inversely the same is true in a uptrend. Step #3: Place Your Protective Stop Loss below the Recent Higher Low. We want to hide our protective stop loss. It is below the most recent higher low level that formed right before the best momentum trading strategy issue the buy signal. Alternatively, you can also trail your stop loss below each most recent higher low. This strategy will allow you to lock-in the potential profits in case of a sudden market reversal. Step #4: Take Profit once we break below the Previous Higher Low A trend in motion can stay in that state longer than anyone can anticipate. And since we want to maximize our potential profits we let the market tips it hands before liquidating our trades. In this regard, we look for a break in the trend structure. Respectively a break below the most recent higher low. Alternatively, you can take profit once the best forex momentum indicator breaks below the -50 level. Note** The above was an example of a BUY trade using the Best Momentum Trading Strategy. Use the same rules for a SELL trade. Summary The best momentum trading strategy (%R) leverages the tendency of a market’s price to continue moving in a single direction. This is where the momentum might be upwards or downwards. In essence, market timing is crucial for a momentum indicator strategy. And in this regard, we incorporated the best Forex momentum indicator (Williams %R) in our momentum strategy. Here are some of the trading conditions you want to avoid in the forex market. Timing the market can be a daunting task. But our team at Trading Strategy Guides believes that using a pure price action can get you a long way. Check out our Price Action Pin Bar Trading Strategy.
COINBASE:BTCUSDEducation
by Tradingstrategyguides
4
XRPUSD 1H BEST %R MOMENTUM STRATEGYStep #1: Define the Trend. An Downtrend is defined by a Series of LH Followed by a Series of LL. The definition of an downtrend is pretty much standard. In an downtrend, we look for a series of lower highs followed by a series of lower lows. Two LH followed by at least another two LL is enough to define an downtrend. A lower high is simply a swing low point that is lower than the previous swing high. While a lower low is simply a swing low that is lower than the previous swing low. All momentum traders know that the trend is our friend. But without momentum behind the trend, we might actually not have any trend. For active traders, we also look at the actual price action in order to gauge momentum. Besides reading the best momentum indicator. Step #2: In an Downtrend Look for Bold Candlesticks that Close Near the Lower End of the Candlestick . A technical analysis concept is that you want to use multiple confirmation signs when buying and selling. This will increase the likelihood that’s a high probability trading setup. In this regard, the momentum trading strategy besides using the best momentum indicator, also incorporates the price action. A practical way to read momentum from a price chart is to simply look at the candlestick length. What we want to see in an downtrend is big, bold bearish candlesticks that close near the lower end of the candlestick. Now, it’s time to focus on the Williams %R. This is the best momentum indicator. Which brings us to the next step of our momentum indicator strategy. Step #3: Wait for the best Momentum Indicator to get overbought (above -20). Then rallies below the -50 level before Selling . We’re going to use Williams %R, the best momentum indicator in a smart way. In an downtrend, we sell after the best momentum indicator has reached overbought conditions (above -20). And then rallied back below the -50 level. Now, we have confirmation from both the price and the best momentum indicator. The real momentum is behind this trend and the probabilities are in favor of more downside prices from here on. Note* If the best momentum indicator continually stays in oversold territory (below -80 level), it signals a strong momentum and conversely a strong trend. Inversely the same is true in a uptrend. The next important thing we need to establish is where to place our protective stop loss. Step #4: Place Your Protective Stop Loss above the Recent Lower Low. We want to hide our protective stop loss. It is above the most recent lower low level that formed right before the best momentum trading strategy issue the sell signal. Alternatively, you can also trail your stop loss above each most recent lower low. This strategy will allow you to lock-in the potential profits in case of a sudden market reversal. Last but not least the momentum indicator strategy also needs a place where we need to take profits, which brings us to the last step of the best momentum trading strategy. Step #5: You pick your own TP strategy or Take Profit once we break above the Previous Lower Low A trend in motion can stay in that state longer than anyone can anticipate. And since we want to maximize our potential profits we let the market tips it hands before liquidating our trades. In this regard, we look for a break in the trend structure. Respectively a break above the most recent lower low. Alternatively, you can take profit once the best momentum indicator breaks above the -50 level. Note** The above was an example of a SELL trade using the Best Momentum Trading Strategy. Use the same rules for a BUY trade.
COINBASE:XRPUSDEducation
by Tradingstrategyguides
DAY TRADING MOMENTUM BURST with WILLIAMS %R INDICATORWilliams Percentage Range Strategy The trading rules for the Williams Percent Range strategy will be outlined in this section. When day trading you need to eradicate all the uncertainty around your decision making process. This is why we have developed the Williams percent range strategy, a based-rule system, that can get you trade from a place of personal power. The benefit of our day trading system is that it can be used with any market in the world. The profit potential is endless. Strategy #2: Day trading Momentum Burst with Williams %R Indicator As an alternative of using the Williams percent r to identify overbought and oversold market readings, we have developed a way to catch those moments of momentum bursts that you can see on your charts every single day. Momentum trading can offer you instant gratification and the Williams %R trading strategy can help you satisfy those financial urges. Let’s get into how momentum trading works using the Williams %R indicator. Step #1: Add Williams %R Indicator to chart Note: Make sure you use a 10 periods for the Williams percent range oscillator. Step #2: Draw a line at the -50 level on the Williams percent R indicator The momentum strategy is developed around the -50 level. For visual representation and to better and faster identify the potential trade signals we add a line at the -50 level. The -50 level is the middle of the Williams percent range oscillator range. When the %R indicator crosses the -50 level, it signals a change in the momentum. We have also changed the oversold and overbought readings to -90 respectively -10. Let’s now define what we need to see before pulling the trigger on a trade. Step #3: Buy once the Oscillator moves from oversold reading and crosses the -50 level There are two conditions that need to be satisfied before confidently buying. First, we need to see the %R oscillator in oversold territory. We consider a market oversold if it shows a reading below the -90 level. Secondly, we need to see the oscillator moving away from oversold territory and cross the -50 level from beneath. This shift in momentum indicates that we can start looking for trade opportunities in the direction the oscillator crossed the -50 level. In our case we’re looking to buy right away once the momentum oscillator breaks above the -50 level. Step #4 & #5: Find your own SL & TP
BITFINEX:XRPUSDLong
by Tradingstrategyguides
10
Quadruple Threat - Crypto-Stick KO-CombinationHey everyone - I just wanted to show that our indicators will work on other instruments than crypto! Dont let the name fool you :) Shown are 4 cryptosticks indicators. Top 2 are already released and available in the public library. Bottom two are yet to be released, but wil be soon! (also in the public library). This series of indicators is an attempt to view your traditional favorites in a new light. Here is an example strategy I came up with using these 4 together. As you can see they would've helped you cash in on that price push that GPU cryptocurrency mining rigs created for their graphics card division. Analysis As the MOM and CCI are trending towards the oversold zone, and W%R is already we feel a long opportunity is coming for AMD in the coming days. Fundamentally the company has competitive hardware and great brand loyalty. To enter a less risky setup wait for the (lagging) entry from TSI. TSI is currently trending right above the oversold zones, and since its a lagging indicator, we look to the others. Entry around $20, Stoploss at $17. Target is $27. Info about Crypto-Sticks Series of Indicators This series isnt polished 100%, and I have some more options I will add in the future. But for now, I want to just release them, as I am not sure when I will have the time to put more work into them (many other big projects I am working on). Its basically reinterpretations of all your favorite indicators. I calculate the values a little bit differently than normal, but the end result is creating a candlestick chart (for the indicator!). Then I added the option to plot them as Heiken Ashi candles to smooth out noise and make signaling easier. Lastly I implemented a Volume Weighting system for them all which simply integrates volume into the formulas for these indicators. For the most part this feature is experimental and doesn't provide huge utility (yet - I have other ways I want to try it as well - just no time). Though on some of the indicators it already shows great promise. Enjoying these indicators or find them useful? Please give me a like and follow! There are many more indicators to be released in this series, not to mention I post crypto analysis and other free indicators regularly. Questions? Comments? Want to get access to an entire suite of proven trading indicators? Come visit us on telegram and chat, or just soak up some knowledge. We make timely posts about the market, news, and strategy everyday. Our community isnt open only to subscribers - everyone is welcome to join.
NASDAQ:AMDLong
by theheirophant
7
ETHUSD 4H WILLIAMS %R MOMENTUM STRATEGY SHORTStep #1: Define the Trend. An Downtrend is defined by a Series of LH Followed by  a Series of LL.  The definition of an downtrend is pretty much standard. In an downtrend, we look for a series of lower highs followed by a series of lower lows. Two LH followed by at least another two LL is enough to define an downtrend. A lower high is simply a swing high point that is lower than the previous swing low. While a lower low is simply a swing low that is lower than the previous swing low. We all know that the trend is our friend, but without momentum behind the trend, we might actually not have any trend. In order to gauge momentum besides reading the best forex momentum indicator we also look at the actual price action. Step #2: In an Downtrend Look for Bold Candlesticks that Close Near the Lower  End of the Candlestick   A common concept in technical analysis is that you want to use multiple confirmation signs when buying and selling. This will increase the likelihood that’s a high probability trading setup. In this regard, the momentum trading strategy besides using the best Forex momentum indicator also incorporates the price action. A practical way to read momentum from a price chart is to simply look at the candlestick length. What we want to see in an downtrend is big, bold bearish candlesticks that close near the lower end of the candlestick. Step #3: Wait for the best Forex Momentum Indicator to get overbought (above -20) and then rallies below the -50 level before Selling.    We’re going to use Williams %R, the best forex momentum indicator in a smart way. In an downtrend, we sell after the best forex momentum indicator has reached overbought conditions (above -20) and then rallied back below the -50 level. Now, we have confirmation from both the price and the best forex momentum indicator that real momentum is behind this trend and the probabilities are in favor of more downside prices from here on. Note* If the best forex momentum indicator continually stays in oversold territory (above  -80 level) it signals a strong momentum and conversely a strong trend. Inversely the same is  true in a uptrend.  Step #4: Place Your Protective Stop Loss above the Recent Higher High We want to hide our protective stop loss above the most recent higher high level that formed right before the best momentum trading strategy issue the sell signal. Alternatively, you can also trail your stop loss above each most recent higher high. This strategy will allow you to lock-in the potential profits in case of a sudden market reversal. Step #5: Your choice how to Take Profit or Tke Profit once we break below the Previous Lower Low  A trend in motion can stay in that state longer than anyone can anticipate and since we want to maximize our potential profits we let the market tips it hands before liquidating our trades. In this regard, we look for a break in the trend structure respectively a break above the most recent lower low. Alternatively, you can take profit once the best forex momentum indicator breaks above the -50 level. Note** The above was an example of a BUY trade using the Best Momentum Trading Strategy.  Use the same rules for a SELL trade. In the figure below you can see an actual SELL trade  example.   
BITFINEX:ETHUSDShort
by Tradingstrategyguides
2