4h
$AUDJPY [4H/8H/Q/BI/A] A BIG TIME Ongoing Short Squeeze?Watch out for that upcoming short on SAXO:AUDJPY as prices have rallied on May on optimism of finding a vaccine for the virus and many countries have opened up, Still a high risk looming as we are in a kind of a recession and economy is still slow, yet we are back to the January lows when things escalated. Levels of interest are marked.
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ETHUSD VERY STRONG SIGNAL 4H chartHello traders,
As you can see i use Xprofit on different timeframe to have different signal and validation.
we just printed a long on the 4H with Xprofit. Strong signal with high percentage of profitable trade and high ROI.
Don't go all in on a 10x leverage. This type of signal need some room to develop and can dip few percentage before heading in the right direction.
Max lev is 5x with risk managed accordingly.
Cheers and happy trading.
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Invers H&S in making on 4HHello traders,
by the look on the 4h chart, it seems very likely, we are making inverse Head & Shoulders pattern, which is maybe one of the only patterns bitcoin really follows most of the times. If thats going to work out, we should make another shoulder down to around 8750/8900 area and when price go back up to 9150/9250 and brake the neck area, we should get to at least 9700/9800. Depending on how strong this move gets at that point, if bulls are strong enough, they may try to test the 10k area again. Lets see.
Can it be, what bulls need now? Or bears will take over and take us lower? Let me know, what you think, in comments. Thank you.
This is not a trading advice!
QUESTION - WHAT ARE THE BEST FOREX TRADING STRATEGIES?2ND ICHIMOKU TREND FOLLOWING TRADING STRATEGY
ICHIMOKU SETTING CHANGES
Kijun Sen Blue line to Red Line
Tenkan Sen Red line to Blue Line
This will match Ichimoku settings for MT4 & 5
Step One: Using Ichimoku Indicator to Find the Uptrend or Downtrend
Since this is a trend following strategy the first thing that needs to be identified is a trend. Do this on the one day, or four-hour time frame. These time frames will give you the best opportunity to identify a trend.
In our example trade, we see a downward trend with an upper trendline of resistance.
Drawing trend lines is one of the simplest ways to find a trend. Draw the trend line where there is support or resistance. Our example trade has three different levels of resistance to confirm this downtrend.
This trading strategy will always go in the direction of the trend. So an uptrend will ALWAYS be a BUY. A downtrend will ALWAYS be a SELL. This strategy uses all of these tools to identify if a trend will keep going and gets you into the uptrend or downtrend.
Step Two: Ichimoku Trading System The Tenkan Sen/ Kijun Sen Lines Cross
This next step using the Trend Following Trading Strategy, I will explain what criteria are needed for a trade entry.
Just to keep you on track, on the Tenkan Sen lines are Blue, Kijun Sen lines are Red. This crossing signal is going to tell you whether there is a strong bullish trend or a bearish trend.
When the Tenkan Sen line will cross below the Kijun Sen line, then this will give you an indication that there is a bearish trend.
You can see in our example trade the lines clearly cross which is our indication that this bearish downtrend is strong.
These lines are designed to do that very thing when they cross each other.
After the cross happened the Red line (Kijun) is now above the Blue line (Tenkan). That means that the trend is going to keep heading downwards. This is not an indication that the trend is breaking.
This was used on a four-hour chart. This chart is the best time frame to use because it gives you a good overall picture of how the last few days have gone as far as it trending.
In this timeframe, The lines need to cross either in the Kumo, which in the picture above is the orange area, or right below the cloud in this example. This was a sell signal because the trend was bearish while the Tenkan Sen line crossed below the Kijun Sen line in the senkou span area (Kumo).
Note* If the lines cross above the Kumo area in a downtrend, do not buy/sell. The opposite can also be applied to a downtrend. If the lines cross above the Kumo area in a downtrend, do not sell/buy. The reason for this is because this would be a weak signal that the trend will keep going up or down. The trade must always be made to go in the direction of the trend.
Recapping our rules using the Trend Following Trading Strategy, these three things must happen in order to enter a trade using the Ichimoku Indicator.
Identify the trend. This needs to be an upward or downward trend. The trade must go the direction of the trend.
Tenkan Sen line needs to cross Kijun Sen line.
When the two lines cross, they need to cross in one of these two specific areas. The first place would be in the Kumo area. The second will depend if its an upward or downward trend. In an upward trend, they need to cross above the Kumo area. During a downward trend, they need to cross below the Kumo area.
Note* This strategy is a trend following strategy. It is to help you identify a trend and identify that the trend will keep going either upward or downward.
Step 3: Determining an entry point Trend Following Trading Strategy
Determining an entry point should be very easy to do now. This is because once the Tenkan sen line crossed with the Kijun sen line either in the Kumo or just above or below on the four-hour time frame.
You can use the four-hour chart to enter and exit. Or you can drop down to a 1-hour chart for entry and exit.
I used the 4H to enter and exit on this example trade. But here is how to use a 1-hour chart for both.
Now, simply drop down to a one-hour time frame chart and enter the trade. You may check other time frames, but there really is no need since you have already followed the rules to enter the trade on the four-hour time frame. This is just to give you a better perspective on where you are entering.
Step 4: Stop Loss point
Stop loss is always important to have in case the trade goes in the wrong direction and you are now stuck in a pickle whether to end the trade early or end it too late and lose it all!
So we need a stop loss to help us out. Do this on the four hour time chart to see when the last areas of support or resistance were.
There need to be two or more points of resistance or support. In the example below, you see that there were support levels. So in this example, it will go just below them.
Step five: Exit Strategy
The exit strategy using the Trend Following Trading Strategy will wait until and trend starts moving the wrong direction and the lines cross again. I used the 4-hour chart to exit my trade. It is recommended to monitor this on the one-hour time frame to get the most accurate reading for this particular strategy.
The reason for this is that the trend is most likely coming to an end.
The trend can come back up, but once the lines cross over again it is time to exit the trade.
As you can see in the example the trend was slowly going back down. In the rules of this strategy, you will exit the trade if the lines cross over again.
So a trade may be 2 hours, 10 hours, 3 days or even a week! It depends on what the chart tells you and if it continues to follow the rules of the strategy.
Conclusion
The Trend Following Trading Strategy only uses this one indicator. That makes you focus on this indicator and does not make you have to keep checking others to see what they are telling you.
It may seem complicated at first with all of the different colored lines, clouds, and so on, however, when you break it down with this simple strategy, it makes it so much easier to understand.
Make sure you remember to only be risking no more than 2% of your account! No matter how confident you are, you should always follow this to maximize your account.
Thank you for reading the Trend Following Trading Strategy that uses the Ichimoku Indicator to help you gain a massive amount of pips at a time!
ETHUSD 4H! 21 Profit factor, No Repaint. 1288% P, 70%+ prftbltyHello traders,
few time ago i receive some weird message that indicator must repaint because I posted some results of a 3 or something like that profit ratio..
here is 21 and still not repainting..
Great strategy, automation easy.. 1200%++ profit with no leverage...
Indicator calculate price contraction over time and staying on large timeframe give us strong signal making its percent profitable being pretty high...
Thanks guys,
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hit me up if question! Don't hesitate to like and follow, this helps me! :P
#[BITCOIN] [W1+4H] 80% : 20% Short Anticipation Odd...BITSTAMP:BTCUSD Is inclined to a drop after an anticipated rise next week "Retest", Looking at this as it si heading back to Approx. 6500 again.
If this to work, then a head and shoulder pattern on weekly chart could be formed again for another push to the upside again.
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EURUSD 1.0980 HOLDSThe euro currency has started to stabilize above the 1.0900 level against the US dollar after the pair found strong resistance from the 1.0980 level. Technical analysis shows that repeated failure to move price above the 1.0980 resistance level will generate a bearish signal for the EURUSD. In the near-term, buyers remain in control while price trades above the 1.0940 level.
The EURUSD pair is only bullish while trading above the 1.0900 level, key resistance is found at the 1.0940 and 1.0980 levels.
The EURUSD pair is only bearish while trading below the 1.0900 level, key support is found at the 1.0800 and 1.0770 levels.
Do your own analysis ...
Dont Forget Moving StopLoss At Breakeven
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
GBPJPY short tradeGood morning, GBPJPY rejected 132.00 , so now we are looking for short opportunities. i´m waiting for a clear confirmation pattern, I would like to see a retest of 132.00 before opening short, all the way down to 130.00/129.00/128.00; closing 1/3 lot size on each TP
This is my first published analysis, so thank you for spending you time on me
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