After I published Short Selling strategy (with RSIofUO) , I have been working for Long side strategy with same indicator. Logic behind this is , when UO goes below oversold level , high chance of possible reversal from there ... Tested with SPY , QQQ, TSLA on 30mins to 4hrs. Though winning rate is average , net profit is exponential ... take a look...
Hello traders ! My name is Alex and Im a 21 years old trader and business man from Canada. For the last 3 months i've work on finding the perfect stochastic/rsi combo on multi time frame . I've found and backtested a lot of system using 3 to 8 different time frame stochastic/rsi at the same time . Some of these system are giving me a 75% win ratio with R/R...
Netflix coiling into a wedge - volatility is lowest its been in weeks - Ultimate Oscillator wedge shows a bearish divergence from the price wedge - look for a break below trendline ~ 96.70
Bouncing off long time support and close to trend line. Overall trend up Divergence in Ultimate oscillator started when UO was over 60.
Bulls have failed to show strength and Ultimate Oscillator shows bearish divergence. So we will probably retrace some more the coming days, let indicators reset before the next leg up on the daily chart. Putting buy orders between 248 and 250 target 277-280, SL at 242 Edit: TP line is wrong, you can ignore that
Sellers seem weak, bullish divergence on the Ultimate Oscillator, MACD going up. This confirms my 2H chart. Bulls will need to show some balls tho or we can see some sideways or bears taking over.
Found strong support on the 0.5 fib level from 239>269, Ultimate Oscillator and OBV trend break is forecasting a next leg up, MACD will take some time to cross, has just crossed on the 1H. Target 277-280
The ultimate oscilator has made a notable divergence and looks to be breaking to the downside of the triangle it has formed. Slow stochastics has a downside bias look to it imo. I am not planning to sell at friday's lows, although would look for observed resistance on rallies to sell the es. I believe the es & spx are in a sell the rallies mode at the moment....
This looks like a good one. GBPAUD has been trading in a channel and has now reached the bottom of that channel or the trendline if you prefer. It has also retraced to 61.8% of the last Fib and also looking at the chart I see a divergence (green line) between the price action (higher lows)and the ultimate oscillator (lower lows). Not only that but after checking...
Recently broke out above the ultimate-ma, finished a retest of the moving average, the awesome oscillator shows bullish divergence crossing over 0, t3-cci is green, gann swing is green, lots of facts say the chart is going up here. The recent price action is a small double bottom pattern forming, perhaps a measured move and more later.
WTI Crude, and USO by extension, continue to hit and bounce and break through three key sets of Fibonacci projections/extensions. Overall sentiment is bearish. I Included the Fisher Transform, Vortex Indicator, and the Ultimate Oscillator as other relevant predictors of price action. I believe WTI and Brent are headed much lower, even to a 'one-day-only' $15...
WTI Crude, and USO by extension, continue to hit and bounce and break through three key sets of Fibonacci projections/extensions. Overall sentiment is bearish. I Included the Fisher Transform, Vortex Indicator, and the Ultimate Oscillator as other relevant predictors of price action. I believe WTI and Brent are headed much lower, even to a 'one-day-only' $15...