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$LTC also showing 90% off of ATH , huge plays in 2019$LTC has been following $BTC down as we near 2019, but we are much farther from ATH on litecoin than Bitcoin. The RSI is again showing somewhat oversold signals at -20, indicating we could see a crossover event in the next few months or weeks. Seeing these prices again might be unlikely, so do your own research and find the trends that fit your trading style. I see this as a bottom, so over the next few weeks I will be adding to my position. If there happens to be a market correction impending on the Stock market and other Financial sectors , then the option of buying crypto will become less about risk, and more about adapting to the new form of currency.
BITFINEX:LTCUSDLong
by TheRealOctosquid
Harte Gold Corp. - High Grade GoldTSX: TSX:HRT OTC:HRTFF * Harte Gold Corp is an Ontario Canada-based company engaged in the acquisition, exploration and development of mineral resource properties with a focus on gold properties located in the Province of Ontario. It has interests in gold exploration projects, including Sugar Zone Property, which is located approximately 60 kilometers east of the Hemlo area gold mines and northeast of the town of White River, and the Stoughton-Abitibi Property, which is located over 110 kilometers east of Timmins and approximately 50 kilometers north-east of Kirkland Lake. Its exploration activities are focused on the Sugar Zone Property, which comprises approximately 29,435 hectares and covers an entire greenstone belt. The Company has conducted various diamond drill and other exploration programs on its properties. * It holds a total of over four leases patented mining claims and approximately 340 unpatented mining claims consisting of over 1,845 mining claim units and covering an area of approximately 29,435 hectares. * Producing High Grade Gold now as $250M Mkt Cap producer and bottom quartile for cost/oz. AU allowing high margins. * Net debt. C$46M
H
by Pokethebear
AUDCAD 30M RENKO TRADING STRATEGY #2Renko Trading Strategy #2 Another profitable Renko strategy you can use is to focus only on the bricks. No additional technical tool is required for this system. We’re going to explore a very simple and yet very powerful Renko chart pattern that incorporates the wicks. This Renko price pattern looks for two consecutive bricks of the same color and both bricks have wicks. The location of this Renko pattern doesn’t really matter. It can be at the end of a trend or it can be in the middle of the trend. This pattern has a very high rate of success if traded in the right context. You have to look around this two brick pattern and make sure the blocks are not moving back and forth within a trading range. If that’s not the case then you have a green light to take the signal generate by this trade setup.
Long
by Tradingstrategyguides
HOW TO TRADE AN EMA STRATEGY ON THE EURAUD 4HStep #1: Plot on your chart the 20 and 50 EMA The first step is to properly set up our charts with the right moving averages. We can identify the EMA crossover at the later stage. The exponential moving average strategy uses the 20 and 50 periods EMA . Most standard trading platform come with default moving average indicators. It should not be a problem to locate the EMA either on your MT4 platform or Tradingview. Now, we’re set to go a look more closely to the price structure. This brings us to the next step of the strategy. Step #2: Wait for the EMA crossover and for the price to trade BELOW the 20 and 50 EMA . The second rule of this moving average strategy is the need for the price to trade BELOW both 20 and 50 EMA . Secondly, we need to wait for the EMA crossover, which will add weight to the bullish case. We refer to the EMA crossover for a SELL trade when the 20-EMA crosses BELOW the 50-EMA. By looking at the EMA crossover, we create an automatic buy and sell signals. Since the market is prone to false breakouts, we need more evidence than a simple EMA crossover. At this stage, we don’t know if the bearish sentiment is strong enough to push the price further after we sell to make a profit. To avoid the false breakout, we added a new confluence to support our view. This brings us to the next step of the strategy. Step #3: Wait for the zone between 20 and 50 EMA to be tested once since the market goes down much faster, we sell on the 1st retest of the zone between 20 and 50. After the EMA crossover happened, then look for selling opportunities. The conviction behind this moving average strategy relies on multiple factors. After the EMA crossover happened, we need to exercise more patience. Never forget that no price is too high to buy in trading. And no price is too low to sell. Note* When we refer to the “zone between 20 and 50EMA,” we actually don’t mean that the price needs to trade in the space between the two moving averages. We just wanted to cover the whole price spectrum between the two EMAs. This is because the price will only briefly touch the shorter moving average (20-EMA). But this is still a successful retest. Now, we still need to define where exactly we are going to sell. This brings us to the next step of the strategy. Step #4: Sell at the market when we retest the zone between 20 and 50 EMA for the first time. We go ahead and sell at the market price. We now have enough evidence that the bearish momentum is strong to continue pushing this market lower. Now, we still need to define where to place our protective stop loss and where to take profits. This brings us to the next step of the strategy. Step #5: Place the protective Stop Loss 20 pips above the 50 EMA After the EMA crossover happened, and after we had two successive retests, we know the trend is down. As long as we trade below both exponential moving averages the trend remains intact. In this regard, we place our protective stop loss 20 pips above the 50 EMA . We added a buffer of 20 pips because we understand we’re not living in a perfect world. The market is prone to do false breakouts. The last part of our EMA strategy is the exit strategy. It is based again on the exponential moving average . Step #6: Take Profit once we break and close above the 50-EMA or you determine the TP strategy In this particular case, we don’t use the same exit technique as our entry technique, which was based on the EMA crossover. If we waited for the EMA crossover to happen on the other side, we would have given back some of the potential profits. We need to consider the fact that the exponential moving averages are a lagging indicator. The exponential moving average formula used to plot our EMAs allow us to still take profits right at the time the market is about to reverse. Note** The above was an example of a SELL trade. However, because the market goes down much faster, we sell on the 1st retest of the zone between 20 and 50. After the EMA crossover happened.Use the same rules – but in reverse – for a BUY trade except wait for 2 retest of 20/50 ema zone then enter on the 3rd retest. The two successful retest of the zone between 20 and 50 EMA gives the market enough time to develop a trend.
Short
by Tradingstrategyguides
Exponential Moving Averages to Predict the Stock MarketI will like you to read the post to the end because the previous trading sessions of trading reflects unstable times and I will like to give you confidence as you trade in these times. Let me jump into moving averages (MA) in this time of uncertainty. Markets are up 500 points, down 500 points, up 1000 points and down 1000 points. This is for those who trade with technical analysis which is a time tested trend principle method of trading the market. In times of turbulence, the technical analysis tools tell us what to do, we are ahead of the volatility by using the tools especially in these times. Moving Averages is the trend’s best friend forever as they are used to smooth out the trend and make it easier to see the big picture by making bare the predominant and current trend. The moving average can be used as a short cut in identifying the trend. 10 period moving average, 20-period moving average and 50-period moving average. You can set up your moving averages from the indicator settings in the same way as I have listed above. As the trend is moving up and down the line smoothens the trend by moving behind to smooth out the process. Few traders use solely the moving averages to trade. The above are called Exponential Moving Averages (EMA) which I usually use in trading and set at the 10, 20, and 50 period EMA to identify short or intermediate term trends. Some traders use the Simple Moving Averages (SMA) but they can be useful in long term trends and do not react as quick as the Exponential Moving Averages. All three EMAs can be used at the same time on the chart and used together. The signs predicted by the EMAs are different hence why it is used together. How to Use EMAs Let me illustrate here that EMAs can be used for trend direction, as a Buy or Sell signal and as a support and Resistance which we discussed in a previous post and can be found here. It is as simple as mentioned. For the trend direction, simply ask yourself if you are above or below the moving averages. When the candlesticks are above the moving averages it means the trade is in a bullish trend, when the candlesticks are below the moving averages it means the trade is in a bearish trend and when the candlesticks are stuck in the middle or on the moving averages it is a neutral trade or called a sideways market. Learn to notice the crosses of the moving averages in your trade chart. When the moving averages crosses it depicts an opportunity, ideally all 3 moving averages crossing tells the trend is reversing and this is either a buy or sell signal. A moving average crossing upwards signals a bullish trend and when moving averages cross downwards signals a bearish trend. It is useful for a support and resistance when the candlestick trades up the moving averages is a resistance and down to moving averages is a support. The EMAs can be used to trade fully without any other tool. Examples of Moving Averages APPLE – AAPL See the Apple stock for example. KITS KITS is my acronym for Keep it Trade Simple. I have seen many Traders paste too many confusing indicators on the chart, loads of lines and it all becomes confusing. When you Keep it Trade Simple you cannot get it massively wrong. How do you KITS? Play all your trade using a trade journal with a simple process I have used, simply analyse your trade, then choose a strategy, write down the plan such as your entry point, stop loss and a target; then measure against your plan – did you follow the plan or did your emotions get in the way and do I make any adjustment. Next steps I know the trading sessions have not been looking good and you may have lost some money but remember, they are all opportunities to enter into the market awaiting the next bullish or bearish run. Trade the trend because the best days are still ahead Let us stay calm and be prepared. Don’t forget to journal your trades See you soon.
NASDAQ:AAPL
by padedayo
AUDUSD TESTINGHere we see two options; 1) a Long opportunity using the Ascending Triangle Pattern. Here we will wait for an upward break back into the support line. We then anticipate a rally up towards .72800 and prepare our entry and exit strategy. 2) a Short opportunity using the Double Top strategy. Price retests resistance line twice but is rejected back to midline. Slight breakthrough of support though currently retesting as resistance. Here we wait for an opening candle with a new low around .72200. We now prepare a short entry with our first target around .72100.
by veryrxre
Newell Brands up 23% on heavy volume and recommended buyingNewell Brands, a high-profile consumer products brand owner, is up just above 786fibretracement on breakout volume. About: Newell Brands Inc. is a marketer of consumer and commercial products. The Company's segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer's, Coleman, Jostens, Marmot, Mr. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo, First Alert and Yankee Candle. Writing segment consists of the Writing and Creative Expression business. Monday will likely be a slightly down day, so get in below 18.39 on limit order and solid long hold with 5.5% dividend yield, which has an 8.9% growth rate the last 5-years. Div. payout is typically the 2nd week of Nov. and likely why the jump today. Or buy-in at market and set some for low buy-in.
NLong
by Pokethebear