Hi everyone! Here is my view about GBPUSD. This pair looks rather interesting for opening SHORT trades IF the price breaks the up trend line or the previous day low. The main trend is down and we will open positions following it. Also we have confirmation from MACD H and from ADX which does not confirm that bulls have power for pusshing the price higher. Any way,...
Contraction and Expansion follow each other. I like the Bollinger Bands because of such behavior and that it shows the period with high volatility and low. After each period with low volatility, there will be a breakout and period with high volatility. It's very simple and give us good trades. Look at the same period with low volatility which is presented here...
I wrote about 2 possible Entry Levels, if price would bounce from Moving Averages. Now we have a BUY signal. Price reversed from MA20 and RSI with MACD (H) confirmed the reversal. DMI shows the up trend, the same goes about 3 Moving Averages. The Entry Level 1.1390, Stop Level 1.1230 and Take Profit 1.1495. The Risk/Reward Ration is only 0.71, because we have...
One type of signals which could be provided by Bollinger Bands, it's expansion. DMI confirmed breakout and gave the signal for opening Long trades. Stop Level is below MA20 and Profit Level is near 1.1150. Weekly chart confirms Long trades.
The price did not move higher after the bullish divergence and the long position was closed by stop loss. If the bearish candle of this day closes below 1.37196, there will be new signal for opening short position in the direction of the main trend. The entry level will be the low of this candle. Stop Loss should be placed above 1.39513 and Take Profit level will...
Swiss Franc has been falling for 8 months and all the time we had good levels for opening short trades in the direction of the main trend. We could be with huge profit, if we opened short positions and hold them. And again price reversed after correction and followed the main trend. When price closed below MA50, we got a signal for opening short positions. MACD...
It looks like Oil found support on MA100 and reversed. MACD (H) and RSI confirms reversal but I don't want to open long trade now. Why? In spite of it looks like the perfect signal for opening long positions in the beginning of new up trend, the weekly chart gives information about strong down trend. Trading against the main direction and also the main directions...
I would like to show you the perfect signal from a such indicator like Bollinger Band. This indicator is very interesting by contractions and expansions which follow each other. After contraction there will be expansion and good trade opportunity with good movement. This daily chart Nikkei 225 shows the same. Price closed out of Bollinger Bands, MACD and DMI...
The first entry level for Oil was when price bounced from MA100. Price moved higher with MACD and RSI confirmation. It was not clear exactly, was it a beginning of new up trend or not? But prices moved higher and closed above MA20. The high of the day will be the second entry point for those, who waited for more confirmations. Now we have MACD and DI confirmation...
Hi everyone! If you don't like trend following tips, you need emotions in trading, there is rather interesting opputinuty for trading. Bullish Divergens and support level allow to open long trade with target on MA50 and have very good P/L ratio. This signal could be better, if ADX started falling. Any way I liked this signal with small SL size and opened long trade.
GER30 closed below uptrend line. After that we could start searching for the entry price. Bollinger Band expension gave a good signal for opening short trades. When price closed out of Bollinger Bands, the low of the day was the place where open orders should be placed. Stop Level above MA20 and Profit Level between 8700 and 8900. MACD (H) and DMI confirm short trades.
Hi everyone! Here is my idea about the gold based on my trading system. The price bounced from MA50 which is the support level, other indicators confirm the reversal, MACD and RSI. Stop Loss is placed below the LOW (1205.00) and the Target is Up Bollinger Band (1275.00). Enter level - 1223.00!
The price and 2 indicators MACD, RSI formed the divergence. ADX falls and shows that bears have no power for moving the price lower. The entry level is 1.3912, Stop Loss 1.3715 with Targets 1.4138 and 1.4520, if price breaks MA50.
Let's look at the daily chart of GBPJPY. Firstly we have to define the main direction. Based on 3 falling MA - it's DOWN TREND! So, we could sell, or wait. Buying againts the main direction - it's not a good idea. On friday the price closed below MA 20 and it was a signal for opening short position. Today, MACD H and DMI indicators confirm SHORT trades.
Some days ago I wrote my view for opening short trades. You will find the link to this idea with explanation below. But today, I would like to share with you some thoughts about long positions. If you look at the daily chart, you will see that the pair forms the up trend and for us opening long positions in the beginning of new trend could be very profitable. The...
I would like to write about such simple indicator like Moving Averages. Many traders use it and know everything about this indicator. But I'm writing mostly for those, who starts trading. Look at this sample chart. There is up trend and price going higher and higher every time when touches MA. These lines are perfect as support levels for up trends and resistance...
When OIL moved above MA100 it was a signal that down trend was over and we should use trading systems based on flat market conditions. There was a good SELL signal when price bounced from UP Bollinger Band. Who opened the short positions, now they have profit. What about new potential signal? It could be BUY signal, when price touch MA50. If price bounce and MACD...
The pair trades with low volatility. Indicator DMI below level 20, Bollinger Bands contraction could give the good oppotunity for the huge movement. Waiting for expansion of Bollinger Bands, and when the price closes outside of bands, there will be a signal for openning deal in the direction of breakout. The indicators MACD and ADX must confirm this movement. The...