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Ichimoku_trader

Top 10 Technical Indicators for Successful TradingTop 10 technical indicators for successful trading Introduction: Technical indicators are essential tools for traders to analyze market trends, identify potential trading opportunities, and manage risk. These indicators are mathematical calculations based on past price and volume data that can help traders make informed decisions about buying or selling assets. In this article, we'll discuss the top technical indicators that traders can use to enhance their trading strategies. Moving Average: A moving average is a widely used technical indicator that helps traders identify market trends. A moving average is calculated by averaging the price of an asset over a specific period, such as 10 days or 50 days. This indicator smooths out the price data and makes it easier for traders to identify the direction of the trend. When the price is above the moving average, it's considered a bullish trend, and when the price is below the moving average, it's considered a bearish trend. Relative Strength Index (RSI): The Relative Strength Index (RSI) is a momentum oscillator that measures the strength of a price trend. The RSI is calculated by comparing the average gains and losses over a specific period, typically 14 days. The RSI value ranges from 0 to 100, with values above 70 indicating an overbought market, and values below 30 indicating an oversold market. Traders can use the RSI to identify potential trend reversals and overbought or oversold conditions in the market. Bollinger Bands: Bollinger Bands are another widely used technical indicator that helps traders identify potential trend reversals and price volatility. Bollinger Bands consist of three lines: a moving average in the center, and two outer bands that represent the standard deviation of the price data. When the price is within the bands, it's considered normal market volatility. However, when the price reaches the outer bands, it's considered an overbought or oversold condition, and a potential reversal may be imminent. MACD (Moving Average Convergence Divergence): The Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator that helps traders identify changes in momentum and trend reversals. The MACD is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA. A signal line, which is a 9-day EMA of the MACD, is also plotted on the chart. Traders can use the MACD to identify potential buy and sell signals, as well as divergences between the MACD and the price of the asset. Fibonacci Retracements: Fibonacci Retracements are a popular technical indicator that helps traders identify potential support and resistance levels. Fibonacci Retracements are based on the idea that prices tend to retrace a predictable portion of a move, after which they may continue in the original direction. Traders can use Fibonacci retracements to identify potential entry and exit points, as well as stop-loss levels. Stochastic Oscillator: The Stochastic Oscillator is another momentum oscillator that helps traders identify overbought and oversold conditions in the market. The Stochastic Oscillator is calculated by comparing the closing price of an asset to its price range over a specific period. The Stochastic Oscillator value ranges from 0 to 100, with values above 80 indicating an overbought market, and values below 20 indicating an oversold market. Traders can use the Stochastic Oscillator to identify potential trend reversals and overbought or oversold conditions in the market. Average True Range (ATR): Average True Range (ATR) is a technical indicator that measures the volatility of a stock or currency. Developed by J. Welles Wilder Jr., ATR calculates the average range of price movements over a specific period, taking into account gaps in price movements. ATR is typically calculated over a period of 14 days, but traders can adjust this period to fit their specific trading strategy. To calculate ATR, traders first calculate the true range (TR), which is the greatest of the following: Current high minus the current low Absolute value of the current high minus the previous close Absolute value of the current low minus the previous close Once the true range is calculated, traders can calculate the ATR by taking an average of the true range over a specific period. ATR can be used to measure volatility in the market, helping traders to identify potential trading opportunities. When ATR is high, it indicates that there is a lot of volatility in the market, which can present opportunities for traders to profit. Conversely, when ATR is low, it indicates that the market is relatively stable, and traders may want to avoid entering trades at that time. Ichimoku Cloud: The Ichimoku Cloud, also known as Ichimoku Kinko Hyo, is a technical indicator that provides a comprehensive view of potential support and resistance levels, trend direction, and momentum. The indicator was developed by Japanese journalist Goichi Hosoda in the late 1930s and has gained popularity among traders in recent years. The Ichimoku Cloud consists of five lines, each providing a different view of the market: Tenkan-Sen: This line represents the average of the highest high and the lowest low over the past nine periods. Kijun-Sen: This line represents the average of the highest high and the lowest low over the past 26 periods. Chikou Span: This line represents the current closing price shifted back 26 periods. Senkou Span A: This line represents the average of the Tenkan-Sen and Kijun-Sen, shifted forward 26 periods. Senkou Span B: This line represents the average of the highest high and the lowest low over the past 52 periods, shifted forward 26 periods. The area between Senkou Span A and Senkou Span B is referred to as the "cloud" and is used to identify potential support and resistance levels. When the price is above the cloud, it indicates a bullish trend, and when the price is below the cloud, it indicates a bearish trend. Traders can also use the Tenkan-Sen and Kijun-Sen lines to identify potential entry and exit points, with a bullish crossover of the Tenkan-Sen above the Kijun-Sen indicating a potential buying opportunity, and a bearish crossover of the Tenkan-Sen below the Kijun-Sen indicating a potential selling opportunity. Conclusion: In conclusion, technical indicators are valuable tools for traders in the financial markets. The Average True Range (ATR) can be used to measure volatility in the market, while the Ichimoku Cloud provides a comprehensive view of potential support and resistance levels, trend direction, and momentum. By using these indicators in combination with other technical analysis tools and market knowledge, traders can make informed trading decisions and improve their chances of success. It's important for traders to experiment with different indicators and find the ones that work best for their trading strategy.
BITSTAMP:BTCUSDEducation
by JS_TechTrading
EURJPY Ichimoku Kinko Hyo AnalysisMonthly: Kijun-sen flat Tekan-sen flat (Price bounce at Tenkan) Kumo flat Chiko above candles Bullish Kyushu Ashi Weekly: Tenkan-sen; Kijun-sen overlap Price is above both Tenkan-sen and Kijun-sen Kumo flat Chiko above candles Bullish Kyushu Ashi appear => Price will be more likely sideway-up until next Kihon Suchi (17 April 2023) Daily: Tenkan-sen; Kijun-sen is up Senko-span A cross Senko-span B upward (still need to watch) Chiko above candles Since Weekly Kyushu Ashi is bullish => In a long term till 17 Apr , price can reach the target given
Long
by UnknownUnicorn30166852
Demand Zone Active on Ranging Market 🦄 Multi-timeframe Technical Analysis: D1 Bounced off strongly from key support level that holds the uptrend within the ranging market. This happens to be a Demand Zone. H4 Ichimoku Kumo Breakout destroying downtrend structure signaling the start of a potential reversal to the upside. Please proceed with caution as market on weekly chart is ranging mode. Key Areas Key Support area: 0.411 - 0.436 (Potential Entries) Key Resistance area: 0.666 - 0.705(Potential Targets) Please make sure to check brokers slippage along with trading fees for you to accommodate if the trading signal is useful for you or not. Do not risk entire portfolio on a single trade. Remember market is king! Stay healthy and happy trading!
Long
by KinaStar
Bullish Trend Continuation Idea 🐮 Multi-timeframe Technical Analysis: D1 Bounced off strongly from key support level that holds the uptrend within the ranging market. Notice that previous support turned into resistance then came back to act as support again. H4 We can see a clear pierce through the Ichimoku cloud which could potentially signal a reversal and the start of a trend! And coincides with HTF Uptrend as potential continuation for it. Please note there's a trendline that if broken upwards will strongly signal the bullish move upwards but if you wait for that you'll enter at a more higher price so proceed according to your strategy. Key Areas Key Support area: 0.4106 - 0.4200 (Potential Entries) Key Resistance area: 0.6000 - 0.6500 (Potential Targets) Please make sure to check brokers slippage along with trading fees for you to accommodate if the trading signal is useful for you or not. Do not risk entire portfolio on a single trade. Remember market is king! Stay healthy and happy trading!
FLong
by KinaStar
AUDCAD Ichimoku Kinko Hyo AnalysisMonthly: Range Weekly: Kumo flat Tenkan-sen down; Kijun-sen flat Chiko above candles Bearish Kyushu Ashi Note: Price will be likely sideway-down until around 24 April 2023 Daily: Kumo down Kijun-sen down Tenkan-sen flat => equalibrium in short-term Chiko below candles Bearish Kyushu Ashi => can still continue till 27 March 2023 Conclusion: Buy signal: not recommend to buy because price can be volatile Sell signal: when price in Daily break the support (equalibrium in short term is broken) (0.90454) => Tenkan down
Short
by UnknownUnicorn30166852
Time to RALLY! Don't sleep on this one 🔥Hey guys! Today I'm sharing a nice catch that is still early in the green market we're having in crypto! So this is RALLY a beautiful project and now let me share analysis per Ichimoku Cloud: 1D - It broke through Kumo from below to above which is a strong bullish reversal sign, specially in the long term for the Daily Timeframe! So this is really great news! 4h - Kumo is getting thicker which means the uptrend is getting stronger and acts a support. Kijun-sen has been pretty flat all the way warning about retracements along the way but you can consider these as opportunities to enter and ride the upcoming Daily Timeframe uptrend that's just starting out! Tenkan sen is pretty strong pointing upwards! 1h Our entry trigger timeframe would be here: It hit a resistance from 0.0142 to 0.0159, if we see a breakout from this resistance, you go long! ♥ That would be the safe set up for this! Happy trading & stay shiny! ✨
RLong
by KinaStar
4
Cross-breeding of systems. BTC D for example.Experimental review. Hi. There is a lot of debate going on on bitcoin dominance right now and I thought I wanted to get the most out of this picture. I came up with the idea to take the weekly Renko chart for parsing and leave almost all my usual indicators except EMA (it is not needed here). And VFI LF is also unnecessary. So what do we observe, besides a clearly visible very strong support around 39.8%? We have a fresh green cube with a pin bar. 1. Funny, the Renko cube went exactly where the clouds change was last time! 2. Next, Renko's cube climbs Kijun-Sen line for the third time. Believe me, not for it to serve as resistance anymore. Only as support. All tests passed. Chikou span (light green lag line) is looking up. Also a good sign. 3. What about the exact same exit upwards? On the edge of the clouds? Hypothesis! But let's note. That perhaps BTC D is flying upwards to a certain "cloud exchange" point. That's around April 1. 4. Devil, but that looks like a bull flag on a stochastic. 5. SQZMOM is heading steadily to the bullish side I'd say a minimum of three weeks, a month max we need before the first green bar. As this is an experimental approach, there will be neither a "long" nor a "short" mark. Let's see together if this kind of reasoning works? Does reliability improve by combining Renko and Ichimoku? We'll review this chart in second half of the spring 2023. OK? Are you interested in this? Thank you for your attention!
CRYPTOCAP:BTC.D
by averkie_skila
9
Daily TF Breakout Alert🔥What's up guys! Today I'm sharing a new alert we've got on EOS crypto coin! The coin still in range but we've got a beautiful kumo breakout which is a perfect Ichimoku Cloud set up! Please be aware breakout can always be false so make sure to set a proper stop loss and manage risk accordingly. I'm just here sharing whenever I see a breakout set up I like! D1: Ichimoku Cloud Breakout from bottom to top piercing through. Extremely tight stop loss on D1 which makes it very attractive to enter! All lines pointing upwards! H4: Series of HH and HL coming into resistance, you can wait for price to break 1.221 to enter or set it as target if you will. H1: It's creating a bullish pattern about to breakout even ATR is silent about to breakout strongly at any moment! All good for now! I've set target profits on D1 but you can do the same for lower timeframes on H4 and H1 accordingly. Happy trading, stay shiny 🔥
Long
by KinaStar
2
Waves pumping! Bullish control yess 🌊Beautiful DEFI project! Now let's get onto the Ichimoku Cloud Analysis: 1D: We've got a strong Kumo Breakout set up! It broke out resistance 2.6 with strong momentum upwards piercing the cloud from bottom to top which is the perfect Ichimoku Cloud breakout set up! 4H: Right now we've got super strong bullish momentum with all the lines pointing strongly upwards even the long term ones so this is really best time to buy. Kijun sen, tenkan sen, senkou span A and span B and Chiko pointing strongly upwards! 1H: Follow strongly and clearly the top 2 higher timeframes mentioned above so this is a great set up. Now, we are going to monitor the long term trade in the hourly chart to take profits accordingly or/and riding the trend either with a trailing stop or just let it run with a wide stop so it's up to you and your trading style. How to enter : Place stop loss below the cloud as indicated and as for take profits dive into the hourly chart to partially close as soon as targets are met when they hit a strong resistance. I've marked the possible areas where the selling pressure would step in and we don't know yet how strong they could be so stay alert to these areas to take profits partially or fully in case of a reversal. Please, never risk more than 2% of your total capital! Happy trading and stay shiny 🌊
WLong
by KinaStar
TSLA LONG on ICHIMOKUTSLA has almost constant news catalysts. The latest is the MSRP reductions to under the cap for the $ 7500 federal subsidy at least presently in effect. Musk is betting that consumer's buying power will be reduced in a recession but that demand will increase with the lowered prices and that supply will keep up with factories capable to the challenge. Moreover, despite lowered prices revenue and earnings will hold steady which will be the greatest of the challenges facing TSLA. On Ichimoku on the 30 minute chart, price is above the thick green cloud signifying a strong uptrend. In the past week, price crossed over the black SMA 200 and then retested and held above it. Moreover, the SMA10 golden crossed the SMA50. The indicators show solid accumulation as compared with distribution as well as higher relative buying volume. Although not shown because it would clutter the chart, TSLA is currently trending in a channel on the VWAP anchored at the last major pivot in a range between VWAP and one standard deviation above it. TLSA is about to ride over the POC line of the volume profile a high volatility zone where buyers have greater strength than sellers. Overall, technically TSLA is trending up while noting that fundamentals are likly in a state of change ( or chaos depending on your perspectives ) I see this as a risky swing long setup with high reward if momentum accelerates.
NASDAQ:TSLALong
by AwesomeAvani