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NZDCAD long seeking TP 🎯This is why I automate my trading then opportunities are not missed. This trade was taken at 2am UK time when I was fast asleep and is close to TP on me waking up. Trade details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Long
by pow_removetheguesswork
UMA is Fishing for a Bottom in a Bear MarketUMA (UMA) is in the process of establishing a rounded bottom following the attempt to break above the strong psychological level of $10.00. Technically speaking, UMA is still in a bear market, but the recent rally might be an early sign of a shift in the trend direction. Stochastic Bullish Readings Looking at the technical indicators, the stochastic oscillator is emerging from oversold readings on both the daily and the 1-hour chart. On the 1-hour chart, UMA had the stochastic readings staying in the 80 zone for most of this rally. This is often a sign of more demand than supply and, subsequently, low levels of short interest. Conversely, if the market remains overbought (or oversold) for an extended period, that's actually a sign of strength. In the short-term, the token is also trading above the key 100 simple moving average, which now comes to around $8.90. Looking Ahead: The bulls need to take control and keep UMA's price above the considerable round number of $10.00 to keep the bullish momentum going. On the upside, true resistance comes $18.00, while on the downside, the short-term support comes at $9.26.
COINBASE:UMAUSD
by cryptohopper
1
FTSE100 make its 3 out of 3 😍👌I've said it before and I'll say it again win rate doesn't mean shit. But, here we have a nice win rate coupled with a nice risk to reward of 1:2 for this strategy. Alert is set ready to share the next trade should I be online - so ensure you're following. All trade entry details are shown on the chart. We are only ever looking for TP3 on this strategy the green lines are the TP target. As always the trade history can be seen below this trade idea too for full transparency. This chart pattern and sequence of trades also ties in nice with one my previous educational posts comparing systematic trading v subjective trading. There is no subjectivity with the idea being posted here. Just a proven back tested plan followed to the letter. Here's the previous educational post mentioned- ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
U
by pow_removetheguesswork
The MEME LivesDogecoin (DOGE) developed a significant bullish divergence signal with the MACD indicator. The bullish MACD divergence signals a potential reversal in the price of Dogecoin. This is a strong bullish reversal signal and is supported by multiple other technical factors that can revive DOGE. MACD Bullish Divergence On the daily chart, DOGE's price has made a lower low, but the MACD histogram has printed a higher low. This is a sign that the downside momentum is fading. The MACD divergence puts some doubts on the bearish side and may signal a possible change in the trend direction. 200-Day Moving Average The 200-day moving average aligns perfectly with the current swing low of $0.16 to provide further support for the bullish case scenario. We know that all prices above the 200-day moving average are considered bullish. The 200-day moving average also has confluence with the $0.15 support level, adding more weight to this price zone. Looking Ahead: On the upside, the bulls need to overcome the big psychological number $0.30, which is a key resistance level. At the same time, the MACD histogram along with the MACD's moving average need to cross above the zero levels to provide the needed bullish momentum for DOGE.
BITTREX:DOGEUSDLong
by cryptohopper
Cardano Price Analysis: ADA Has Two PathsCardano (ADA) is in the process of developing a symmetrical triangle, but moving forward there are two likely paths that can come to fruition. Currently, ADA's price is trading near the lower end of the symmetrical triangle pattern and above the 100-day simple moving average. If a breakout occurs to the downside, we can expect a move towards the $0.94 support level, below the significant round number of $1.00. On the other hand, if the upper end of the symmetrical triangle pattern is broken, bullish traders might aim at the all-time high of $2.46. 100-day SMA Acting as Support The 100-day simple moving average acts as a dynamic support. The fact that we had multiple attempts to break below the 100-SMA and all failed is a sign that the bears had their shot. As of June 10th, the 100-day SMA comes at $1.38 near the bottom of the symmetrical triangle pattern. RSI Momentum Readings One of the basic principles of technical analysis is that momentum precedes prices. Right now, the RSI momentum reading is located in a sideways channel near the mid-level 50. This tells us that as of now there is equilibrium between the buyers and sellers. However, moving forward, any breakout above or below this RSI consolidation can give us clues as to which direction the ADA price may break.
A
by cryptohopper
1
AUDUSD long shaping nicely 🙌📈Our strategy has alerted a long position on AUDUSD over night. Strategy can be automated so this trade was taken while I was asleep. Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you.
Long
by pow_removetheguesswork
Ethereum, a Bull in a Bear Market!While Bitcoin and the rest of the market have taken a nosedive, Ethereum made new all-time highs. Let's take a look at Ethereum's trend and a suitable strategy you can use! Ethereum the Exception The crypto market took a hit this week after Bitcoin failed to break above $65,000. ETH temporarily regained its lost ground and even made new all-time highs. The crypto market usually follows Bitcoin, but it doesn't do so to the letter. Ethereum, for example, is somewhat delayed. When Bitcoin starts an uptrend, Ethereum typically follows a little later. When Bitcoin's uptrend ends, Ethereum may continue with a bullish sentiment for a while longer. This divergence can be seen clearly in the last uptrend when Bitcoin peaked on December 17, 2017, while Ethereum reached its top two weeks later, on January 13, 2018. Trading Ethereum We have found the MACD to be one of the best indicators when it comes to the crypto market from our backtesting. In general, cryptocurrencies tend to have strong trends over prolonged periods of time. As a result, trend-following indicators work well. Indicators can be improved significantly by changing a few parameters. The MACD has three customizable parameters, namely: Fast Period, Slow Period, and Signal Period. Changing these parameters can make a big difference. For example, the basic MACD strategy of entering a position when the MACD signals a buy and exiting when it signals a sell with the default parameters (trading with all equity and accounting for a 0.1% fee) would have resulted in a profit of 89,465.29%, and a winning percentage of 38%. This is significantly worse than the buy and hold of 181,961.76% However, changing the parameters to Fast Period = 20, Slow Period = 35, and Signal Period = 12 results in a whopping 554,693.47% profit and a winning percentage of 46%.
KRAKEN:ETHUSDLong
by cryptohopper
Why using automated trading? #1There are a couple of reasons why to use automated trading, like better risk management, human error, easier to diversify, and Psychology In this post, the focus is on psychology. Here are some of the cognitive biases that affect trading: Loss aversion - the tendency to prefer avoiding losses to acquiring equivalent gains. It feels much worse losing $100 than the joy from earning $100. (A huge topic, the researchers got the Nobel prize for this) Sunk cost - the tendency to treat money that already has been committed or spent as more valuable than money that may be spent in the future. In trading, this effect with loss aversion making people not cut their losses. When we enter a trade we know that a loss can happen, if the losses are not cut the rest of the money in the account can be lost too. The disposition effect - is an anomaly discovered in behavioral finance. It relates to the tendency of investors to sell assets that have increased in value while keeping assets that have dropped in value. Traders tend to lock in gains and ride losses. Recency bias - a cognitive bias that favors recent events over historic ones, in trading, a streak of losses can demoralize a trader even if he had a good run for a long time. I don't know of a system that works 100% of the time. There are more psychological effects, but those are the main ones. Using automated trading, allows traders to reduce these effects on trading because the stocks are chosen in advance, the risk is defined, the entry and exit are calculated and executed by the algorithm (Unless rare events are happening). In the past, I was sometimes afraid of entering a good trade or cut my loss quickly, due to these effects and wishful thinking that the price will do what I want.
AMEX:SPYEducation
by ZoharCho
Bitcoin at Support Offering 20% ProfitBitcoin is currently at support and may soon bounce, offering a 20% profit opportunity. Current Situation After hitting highs of $62,000, Bitcoin has been mostly selling off, unable to keep its upward momentum. Although this may be disappointing to traders, in the long run, it is a healthy pullback that allows us to buy the coin at a discount! Bitcoin appears to have bounced on the $51,500 support. Although this level has proven to be reliable multiple times, it is not as strong as the $42,000 level, which is labeled as "Main Support" on the chart. This discrepancy is because the $51,500 support doesn't represent a previous all-time high (which makes the sturdiest support and resistance). Opportunity If you were to buy in at $51,500, then you stand to gain 20% when the coin eventually recovers to its all-time high. If Bitcoin breaks above the all-time high, you stand to gain an additional 20%-40% on top! If you are unsure that this level will hold but still want to take part in the trade, you may enter with only part of your funds. If it doesn't hold, then you can enter again at lower support levels, which will, in turn, raise your potential profit when BTC eventually recovers. If the $51,500 level breaks, then we have the $42,000 support to fall back on. The last time BTC reached this price level, it immediately rebounded and rallied to $62,000. This support level also represents the previous all-time high, which was broken after Elon Musk tweeted that Tesla purchased $1.5 billion worth of BTC. Below the $42,000 level, we have two minor supports at $38,000 and $34,000. Finally, we have a strong support at $30,000, but it is unlikely that BTC will fall this low, considering the bull market's strength.
Long
by cryptohopper
NEAR Caught in a Strong UptrendNEAR is one of the newest cryptocurrencies on the market, and it is already making a name for itself after an almost 1,000% increase over the past three months. Fundamentals NEAR Protocol (NEAR) is a decentralized application platform created to help developers design their apps. The network runs on a Proof-of-Stake (PoS) consensus mechanism and aims to offer scalability and stable fees. NEAR is the native utility token that is used for: 1. Fees for processing transactions and storing data. 2. Running validator nodes on the network. 3. Governance votes to determine how network resources are allocated. Similar to BTC, NEAR has a controlled supply. Its current supply stands at just over 300,000. The supply is set to increase by 250,000 annually and reach a total of 1,250,000 after 5 years. Economics tells us that when supply increases, price decreases. Thus this is not a positive aspect at the moment, but it will be so in five years. NEAR on the Chart NEAR is currently in an uptrending channel. It has recently hit the upper limit of the channel and now even broken through, indicating that a short-term pullback is imminent. There is also a bearish RSI divergence indicating a pullback. The Relative Strength Index (RSI) is a momentum indicator that oscillates between overbought and oversold. When RSI has a value greater than 70, it is said to be overbought (indicating that it is a suitable place to sell), and when it is below 30, it is oversold (a suitable place to buy). A bearish RSI divergence occurs when the RSI is moving lower while the price is moving higher. This is precisely what happened between the 9th and 10th of March, thus further indicating a short-term reversal. Looking Ahead: NEAR appears to be in a solid uptrend for the past three months, mostly respecting the channel drawn on the chart. However, due to the price breaching the upper limit and the bearish RSI divergence, it may see a short-term reversal before pushing higher.
Long
by cryptohopper
Custom strategy using Ichimoku + RSI + Mama-Fama-KamaThis is a test as it is my first ever idea published. It has no educational purpose. Please note that I am colorblind ... I am presenting you my screen with my trading setup and a custom strategy I am developing at the moment. => My goal is to present you my idea so I can have feedbacks. I also would like to build an automated trading bot that would take the trades for me/us on all pairs at the same time and on multi TF -_- I NEED YOUR HELP for that!! My system and method of reading the chart: Ichimoku Kinko Hyo (expert course level) RSI (advanced leveI - developed a custom EMA strategy) For this strategy, I added the MAMA-FAMA-KAMA indicator to my RSI-EMA because it acts like a powerful filter IMO, and this is my method of getting signals out of it (see pics): This is a single timeframe approach. Signals are delivered according to the rules (see pics). Kama is the relative straight line on the RSI that changes from orange to blue Mama and Fama are making the RSI cloud EMA14 is set on the close of the RSI IKH without Kijun and Chikou for more clarity MA200 can be added as an important S/R-Magnet line Volume can be added when available and if needed (for example with a MA20) For now, I am trading them manually with 2 main approach: - On a single timeframe - manual entry and trade management following the rules set in the pics (this works on all time frames, I like H4/M15/*M1*) - On a HTF/LTF approach with a scalping approach ( I like H4-M15 or H1-M5 or M15-M1 but I do not recommend it!) This last approach allows me to know in advance the direction of the trade I am looking for, according to the HTF analysis (H4 for example) and then go to a corresponding* LTF (M15 for example) to scalp the high confluence signals. => this is a well known subject but in short I can say that the HTF also provides Support and Resistance zones to watch for AND if 2 major lines (SSB on H4 and MA200 on M15 for example) appear at the same level on both the HTF and LTF, you add an interesting confirmation to your trade idea. Note that the yellowish trades are counted as loosing trade even if all rules were not matched to enter the trade - simply because I don't know how a bot would react if the cloud 26 period on the front has switched to the other color. You can also note that we could have taken more trade manually but I want to stay with very simple rules for now. To be continued ...
D
by Riskyscalps