Here is why I suggest you should use the SUPER TREND!I see the weekend is here. A new week is about to begin, and it's time to get organised, reflect on your progress so far, and learn something new to help you achieve your trading goals., and boost your profitability.
Let's be honest, I am someone who normally likes to follow the trends. A lot of the trend following indicators I've encountered along the way in my professional and career growth haven't made sense to me. Moving averages, Average Directional Index, Moving Average Convergence-Divergence, Parabolic SAR etc. I always had a lot concerns with the indicators being able to swiftly follow the price movement, as well as identify a clear reversal of the underlying trend. However, I came through to find this SUPER 'super trend' indicator some while ago, and by testing this and adding it to my intraday trading strategy, I finally see that I could rely on one single indicator to help me identify the trend quickly and more efficiently (never 100% of course it is still not a holy grail!) but the results were good enough for me to write down this post to you guys.
What is the Super trend indicator?
'Super trend,' as the name implies, is a trend-following indicator, similar to moving averages and MACD. It is plotted on prices, and the position of the prices reflects the current trend. When we build the Super trend indicator, the default settings are 10 for the ATR and 3 for the multiplier. The average true range (ATR) is important in 'Super trend' since it is used to determine the indicator's value and it indicates the degree of price volatility, which is one reason why this indicator beats Moving averages, which disregards price volatility.
Super trend Indicator Formula
The super trend indicator computation is illustrated below–
Up = (high + low / 2 + multiplier x ATR)
Down = (high + low) / 2 – multiplier x ATR
Average True Range = / 14
The number 14 represents a period in this context. As a result, the ATR is computed by multiplying the previous ATR by 13. Add the most recent TR and divide it by the time.
As a result, ATR is an essential component of the supertrend technical analysis indicator.
How to Use Super trend Indicator to Identify Buy and Sell Signals?
Super Trend, as a trending indicator, performs well in trending markets (both uptrends and downtrends). When the indicator flips over the closing price, it is easy to identify a buy-sell indication. When the Super Trend closes below the price and the colour turns to green, a buy signal is issued. A sell signal is generated when the Super Trend closes above the price and the colour of the Super Trend changes to red.
There is no such thing as a 100 percent accurate technical indicator, and Super Trend is no exception. It also produces erroneous signals in sideways markets, however it produces fewer false signals than other indicators. As a result, you may use Super Trend in conjunction with other indicators to provide more accurate trade signals.
Follow my daily analysis posts on my account to check out how to combine it with other momentum indicators as well as use it for multi-time frame analysis!
Weekend
LONG after Weekend BreakWeekly Timeframe
Greed and Fear Index is now at #25. Weekly timeframe remains bearish saucer with the awesome oscillator. We can expect a sell off Friday. As a normal routine of the market.
1D Timeframe
We have touch the 0.618 FIB retracement area and bounce a little. AO is bullish we can expect movement to the upside with our Ichimoku cloud finding support in $40,253.
4H Timeframe
We are currently testing the demand zone of the market structure which in turn would continue our drop to the downside as the smart money will buy back this retest to continue the dump to the downside. all being controlled by a bot or algorithm. Rejection area $40,912. AO seems bearish at the moment as it is already in the correction area.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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SPY Stock Analysis - S&P 500 SPDR ETF Stock Price Prediction for Tomorrow Monday
February 7th We go over the SPY stock - S&P 500 SPDR ETF stock, and give our stock price prediction on the SPY stock, our SPY stock price analysis, and stock price forecast on SPY for tomorrow Fri February 7th.
SPY STOCK: THIS IS A SPY STOCK PRICE PREDICTION, SPY STOCK PRICE ANALYSIS, AND A SPY STOCK PRICE FORECAST VIDEO.
. My Ideal Views are looking for new ways to think about Trading.
. No BS Technical Analysis that works, period.
. Day Trading and Swing Trading.
. New Traders Welcome.
.Swing Traders Welcome.
. You get Daily SPY STOCK pre and Post Market and the Price Spy ETF price predictions Weekend editions.
. TESLA stock along with TESLA share Price including Tesla After Hours.
DISCLAIMER: No financial advice, the information on this channel is provided for education and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The information contained in or provided from or through this channel is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The information on this channel and provided from or through this channel is general in nature and is not specific to you the User or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this channel without undertaking independent due diligence and consultation with a professional broker or financial advisory.
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BTC/USD: A Christmas Weekend Study FUNDAMENTAL BACK-DROP
*Imho, if there was ever a time to expect fireworks, it's right now.
*Weekend trading session for the next ~2 days. Institutions and majority of players are offline for Christmas day and/or weekend. Perfect environment for fuckery.
*US holidays, and Christmas in particular, are proven to be powerful market events. (Often see pivots in price/sentiment through these windows).
*"Buy when it snows, sell when it goes." - it's that time of year!
**Recent CME event (listing ETH micro futures ) on Dec. 6
**Positive reaction from most recent FOMC meeting on Dec. 15
**Recent full moon phase change on Dec. 20
LOWER-TIME-FRAME TECHNICAL ANALYSIS
*Structurally, price is trading within a megaphone pattern (making higher highs and lower lows). This implies high volatility in both directions until the megaphone is resolved.
*Certainly trading against some key highs right now (top end of the range). In good shorting/selling location right now for people who think this rally into Christmas is bulslhit.
HIGHER-TIME-FRAME TECHNICAL CONTEXT
*Price is coming awfully close to triggering a major double bottom , drawn off the 1D chart. (The counter-trend rally high following Dec. 4 liquidation cascade).
*$51,995 is the level to watch. I'm officially "uber-bull" if we start closing above this level.
*Bullish momentum divergence confirmed ( MACD ) and continuing to build on the 1D chart.
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LIKE THE ANALYSIS?
Send me a DM . I'd like to build a community of half decent traders and technicians.
BTC H&S forming?BTC Touched support at daily close, but is trying to get back into the channel.
Testing the Resistance but having a hard time breaking this zone, with the volume being low this weekend we might see a breakout under the support zone towards the 0.786(52.5k) Fib zone.
It looks like we are forming a H&S Pattern here, which could confirm my bearish thoughts.
If BTC doesn't prove itself at the end of the weekly close we could be seeing this pattern play out, placing us between the 52.5k and 50k area.
For now this weekend is looking weak, and trading alts on high leverage could prove very risky.
I also wont advise tunnel visioning into shorting the market right now.
If you feel like trading keep the leverage LOW and the Stop-loses tight.
Be careful everyone, And so will we with our signals.
SOLUSDT VETUSDT ETHUSDT BTCUSDT Pump & UpdateHey, Been a few days, i started a T-Shirt designing brand of all things. Obnoxiously Humorous T-Shirt and been doing that the last week or more while its been boring waiting for markets. Can find it by the same name on Facebook group & page.
Now, when the market pumps like this you might get more out of it over the weekend. But its a strong pump and a good point to take little profits off the table on those trades I recorded about last week or so ago on VETUSDT, DOTUSDT.
Take profits. Taking a profit is never a bad thing. A win is a win and you live to fight another day. If you die you can't fight at all. Any win is a good win.
SOL bounced amazing exactly as predicted. The evidence is in my prior vid.
Check ya next time. Be patient things will pick up into Christmas and after. Very surprised if it goes the other way.
Weekly Market Wrap (29th August 2021)This is Weekly Market Wrap. It is not market analysis. Its purpose is to serve as quick overview of the close price for particular securities ending week 27th August 2021.
Forex (27th August 2021):
EURUSD – Close price = 1.17958 USD
EURGBP – Close price = 0.85658 GBP
EURCAD – Close price = 1.48739 CAD
EURAUD – Close price = 1.61269 AUD
USDGBP – Close price = 0.72667 GBP
USDCAD – Close price = 1.26101 CAD
USDAUD – Close price = 1.3670 AUD
Commodities (27th August 2021)
Gold ( XAUUSD ) – Close price = 1817.425 USD
Silver ( XAGUSD ) – Close price = 24.027 USD
WTI oil ( USOIL ) – Close price = 68.65 USD
Brent oil ( UKOIL ) – Close price = 72.56 USD
Indices (27th August 2021)
Nasdaq (NDX) – Close price = 15432.95 USD
SP500 (SPX) – Close price = 4509.38 USD
DJIA (DJ:DJI) – Close price = 35455.81 USD
Russel 2000 (US2000) = 2270.57 USD
DAX ( GER30 ) – Close price = 15851.751 EUR
Hang Seng ( HSI ) - Close price = 25407.90 HKD
Disclaimer: This content is not a financial advice.
The weekend is when the deep work happensWhat do you use your weekends for?
The Forex markets are closed, but your mind shouldn't be. This time is best used reviewing and learning about the week before.
Take this trade for example, it had it all-5min Buy range, Change of character, BOS, 1min buy range, pull back to the equilibrium, pull back to range impulsive move. This happened later Friday night my time, however by reviewing it I get to see how good this trade would have been for those awake.
As always trade safe, I'll see you on Market open!
EnvisionEJ
SPY Weekend UpdateSymbol: AMEX:SPY
Indicators
Laguerre RSI
ALMA x2
Thoughts...
SPY is at all time highs so we should expect some hesitancy. I wouldn't be surprised to see a test of the grey support line.
Things to Note...
The lagRSI on the 45 minute time frame is starting to get shaky which could signal a big move... We will have to see if we cross above the upper line to see a bit of selling pressure.
BTC bearish or bullish? Looking at BTC I can see some sort of accumulation during the last days.
Having a accumulation before the weekend may represent the beginning of a distribution phase.
I am not bearish on BTC. It looks healthy and if there is a small drop during the weekend that may be the beginning of a good uptrend that may bring us up to 42K if the is enough volume.
There is no reason to panic if the weekend brings some bearishness in the chart, it is normal and we can expect some good profit during next week if things do not change too much.
Have a good weekend and take care.
ADA double bottom during the weekend? ADA looks a bit bearish now. It broke through the trend line and this may bring it down to 1.35/1.3 during the weekend.
If it stops at 1.3 we may expect a double bottom formation that might show us a future uptrend.
Make sure to place your stop loss and buy if it goes any lower. I am not expecting it to drop below 1.3. If it does it may be for a short amount of time.
Have a nice weekend and take care !
SOL what to expect during the weekend? SOL is going down after a strong push up during the week.
We may expect it to drop to 32 dollars if the trend line is not going to be a strong support as expected.
Make sure to place your stop loss or to buy if it drops even lower during the weekend.
A good buying point is down to 32 dollars if it find support down there.
Have a nice weekend guys !
SPX's weekly update. 2ed week of April 2021- P/E : @ 40 .93 .Third highest reading since "1875"!!! Tops land. " Usually bottom of crashes not tops".
- SPX's Dividend Yield: @ 1.45 Possible target is 1.10 2000's bottom !!! US10Y @ 1.666
historically 10y note underperforming SPX in April & it has a sideway movements in April as well.
- Insiders: 6 Sell, 2 Buy. No up date on the website, still April 1st reading !!!
- Seasonality: April is the best month of the past 20 years & 2ed past 10Y. Max 12.5% Min (-6.1%)
with Q2 of post presidential election, since 1950, gain of 5% (already 3.5 % in the firs 10 days LoL !!!
- Deviation : Daily - @15.37 % (80 % single pullback) weekly - @39.06% (76% single pullback)
and at the edge of a 54% double digits pullback.
- Candles Auto recognition : White Marubozu 84 % bullish move NEXT. Nothing 7 months for monthly.
- Putt/Call composite @.600 Vs. .597Vs. last week = Still holding Higher Highs/Higher low. Kind of bouncing from 50d MA. Golden Cross looming
-Total Option Volume: 478329 Vs. 378667 big increase 25% up from last week.
- VIX : In our safe green zone, we hit 16.69 Vs. 17. 40 last week
Lowest seen # since last years crash + Closed 2020's "GAP"
- VWAP: @ 58.30 = No man's land, closer to up swing..
- DIX : 44% No man's land closer to a bottom or up swing.
- GEX : @ 22,999,000,000. 55% tops land, 35 % up swing 10% false signal. (HIGHEST READING IN 2Y)
- SPX : Above averages . We are getting 3 of them in the 90s very rare bullishness move here. !!!!
- NYSE: Above average nothing to mention.
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Key for this week :
1/ Bullish Barubozu Candle 84% success rate.
2/ Higher Deviation = Higher probability of a pullback.
3/ GEX is the highest in 2 years !!!
Bitcoin Fake Out?Breakout or fakeout from desceding wedge formed over serveral days including a combination with a possible cup and handle pattern.
Lack of volume indicates it was a fake out from the established trend.
Where will Bitcoin go next?
A bounce to the downside of the wedge will break previous strong support from recent weekly lows.
A break to the upside will need considerably more volume over the weekend.
Worth tracking whilst we float outside the descending wedge
SPX's weekly update first week of April. Historically A+ month.
- P/E : @ 40.93 .Third highest reading since "1875"!!! Tops land. " Usually bottom of crashes not tops".
- SPX's Dividend Yield: @ 1.45 Possible target is 1.10 2000's bottom !!! US10Y @ 1.672 " Exactly like last "
- Insiders: 6 Sell, 2 Buy. Selling is down from 137. No activity here what so ever. Are they waiting !!!
- Seasonality: April is the best month of the past 20 years & 2ed past 10Y. Max 12.5% Min (-6.1%)
- Deviation : Daily - @13% (64% single pullback) weekly - @35% (76% single pullback)
- Candles Auto recognition : Nothing found 4 weeks in a row weekly, 7 months in a row for monthly.
- Putt/Call composite @.597 Vs. .764 Vs. last week = Less puts bought last week than the weeks before.
Still holding Higher Highs/Higher low. Kind of bouncing from 50d MA. Golden Cross looming
-Total Option Volume: 378667 Vs 295309 big increase 30% up from last week.
- VIX : In our safe green zone, we hit 17.40 Lowest seen # since last years crash + Closed 2020's "GAP"
- VWAP: @ 65 = No man's land, closer to up swing..
- DIX : 40 No man's land.
- GEX : @ 5,857,000,000 "No man's land".
- SPX : Above averages . They had us going last week the break down of 50d MA. Was a Bottom !!!!
- NYSE: Above average nothing to mention.
www.tradingview.com
THETA ShortM pattern forming (with 3 trendline rejections, the 3rd currently rejecting)
Parabolic run up while the rest of the market was either ranging or moving up slowly
Options expired yesterday, so could see a further move downwards as we have seen in the past after options expire
Nearing the end of the week/month
Its currently the weekend where we usually see a correction of the weeks bullish movement
2 strong rejections of the $14.50-$15.00 supply zone on 23rd and 24th March
BTC is currently still in a range between $50-$55k (current price is $54k)
Daily/3D/W RSI still in heavy overbought territory at 70 and above
ALPHAUSD AnalysisReasons to sell
Strong resistance level at $1.90 - $2.00 currently being rejected once again with a 4th touch.
Looks like there was a fake-out move around the 23rd-24th March with price breaking out of the strong resistance level previously mentioned.
Weekend (saturday) and nearing end of monthly candle closure where a correction usually happens
Reasons to buy
Strong daily candle close the day before on the Friday (same day as options expiry)
Options expired so selling pressure has gone
Still testing the Strong resistance turned support level at $1.81
Saturday slowdown - Opportunity to take a day offThis week was interesting and a bit nerve-wracking. Bears were getting ready for their turn and suddenly had it shove up their shorts. Elon didn't miss the opportunity to troll the market with a single #tag sending BTC 20% up! Honestly, it was quite amusing. After the dust settles, things seem to slow down, volumes are dropping. If you want a day off - close your positions, sell any crypto overweight that you have and just enjoy the peace.
For those more adventures of you who still try to fight, trade and squeeze what's possible out there - the position is short. Resistance levels are unclear and unlikely to breach 1370 in the upcoming hours. Forecasted top hights seems to be at a safe distance of 1408. Downwards trend should continue and may reach 1280 with the first strong support line to test at 1245. If it suddenly drops below 1270 we may visit 1245 sooner rather than later.
Enjoy your day off - I know I will 😎🍹