Community Blog

Filtrowane przez tagi:  Double Top
Avatar

Strategy Contest – September 2023 - Article

In this article, I will talk about technical analysis patterns in theory and practical examples. The study of these patterns helps us in the development of any strategy. In particular, they are very helpful in optimizing overbought and oversold strategies (like my contest strategy). These patterns can be used as trade confirmation of an overbought / oversold signal.
Looking for patterns in financial time series is the key objective of a technical analyst. These patterns are indicative of reversa…
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
lubZostaw komentarz
Avatar

EURUSD and Algotrading

Hi everyone!
Posting my results and try to catch the local double top (marked red).
I was going to catch some 18 pips, but the market has had its own plan, and after caught an SL (marked with red round) Flipper automatically opened LONG, and later on, I closed the order manually in 12 pips, due to reflecting from the local price level of 1.2240. All in profit!
Now I'm wondering if I'd fixed profit earlier than needed! My TP level was at 1.22445.
Flipper - …
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
Allen1602 avatar

Ilya napishite mne, pochta [email protected]

lubZostaw komentarz
Avatar

Strategy Contest – July 2020 - Article

In this article, I will talk about technical analysis patterns in theory and practical examples. The study of these patterns helps us in the development of any strategy. In particular, they are very helpful in optimizing overbought and oversold strategies (like my contest strategy). These patterns can be used as trade confirmation of an overbought / oversold signal.
Looking for patterns in financial time series is the key objective of a technical analyst. These patterns are indicative of revers…
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
lubZostaw komentarz
Avatar

GBP/CAD is forming a double top pattern

Hello Guys ,
The GBP/CAD pair is forming a double top pattern on the 4 hours chart at the level 1.7250 , Which make it a good Sell entry point with a small stop lose at 1.7300 and a good profit target at 1.7140.
you wait for a bearish 4H candlestick to enter the trade .
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
lubZostaw komentarz
Avatar

EUR/USD double top and retracement down

Situation :
Eur/usd is in a clear uptrend from long term prospective.
A little retracement is in action but the price , in the past week is gaining back some ground lost.
I'm expecting a double top formation and then for the price to retrace again for a short period of time.
Weekly chart:
Pointed out main support and resistence areas
Daily chart:
Possible scenario
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
Shuael avatar
Shuael 28 Gru

I used a wrong timeline, setted on the 20 of feb.

lubZostaw komentarz
Avatar

Aussie to consolidate around 0.75 in the weeks ahead

Technical Tools
Support and resistance (S/R). Price levels, trendlines and Fibonacci retracements. Price action, candlestick and chart patterns. Simple moving averages (SMA). Commitments of traders (COT) indicator, which displays speculative positioning in FX futures market, used as a proxy for speculative positioning in spot FX market.
Weekly Chart
AUD/USD finally cracked the strong supply zone between 0.77 and 0.78 in July and the convincing break above the pattern extended to 0.8125, just ahe…
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
al_dcdemo avatar

UPDATE 7: Week ahead might easily end up being the least active week of the year. But otherwise subdued periods have often proved quite volatile in recent years. "Expect the unexpected" is a saying that is useful to always keep in mind in trading business.

al_dcdemo avatar

UPDATE 8: The U.S. dollar started this holiday-shortened week on the back foot. Pullback in U.S. treasury bond yields and rally in commodities have been two drivers. Year-end position squaring could lead to some messy price action into the end of the week.

al_dcdemo avatar

UPDATE 9: U.S. dollar ended this year on a softer note. The dollar index posted its lowest monthly close since 2014. Expectations of other major central banks following Fed into hawkish direction began to outweigh the still present monetary policy divergence.

al_dcdemo avatar

UPDATE 10: After months of underperformance, Australian Retail Sales improved in November. iPhone X and Black Friday sales have been cited. AUD/USD jumped 40 pips and is holding the gains. 0.7875 - 0.79 area, that includes 61.8% retracement of the September - December downswing, is the immediate barrier. 0.7850 is the initial support.

al_dcdemo avatar

UPDATE 11: Australian dollar started the week on the front foot and is approaching 0.7975 - 0.80 area, where it is likely to encounter at least some resistance. It's Martin Luther King Day today in the U.S. - thinner liquidity could lead to either tighter volatility or outsized moves.

lubZostaw komentarz
Avatar

0.75 may not hold Aussie in December

Technical Tools
Support and resistance (S/R). Price levels, trendlines and Fibonacci retracements. Price action, candlestick and chart patterns. Simple moving averages (SMA). Commitments of traders (COT) indicator, which displays speculative positioning in FX futures market, used as a proxy for speculative positioning in spot FX market.
Weekly Chart
AUD/USD finally cracked the strong supply zone between 0.77 and 0.78 in July and the convincing break above the pattern extended to 0.8125, just ahe…
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
al_dcdemo avatar

UPDATE 5: Fed hiked three times this year, which is at least one hike more than markets expected at the start of the year. FOMC's dot plot implies three hikes in 2018, markets are again not that hawkish. With so much money in the system and stock market seemingly engineered to go just up, federal funds rate could end up much higher than anyone expects. On the other hand, stock market bears have become surprisingly quiet this year.

al_dcdemo avatar

UPDATE 6: U.S. dollar ended the week higher against yen, marginally lower against franc and lower against other G10 major currencies. Even though monetary policy divergence is still in force, some of the recent trades have most certainly been made with convergence, which already started this year, in mind.

al_dcdemo avatar

UPDATE 7: Week ahead might easily end up being the least active week of the year. But otherwise subdued periods have often proved quite volatile in recent years. "Expect the unexpected" is one saying that is useful to always keep in mind in trading business.

al_dcdemo avatar

UPDATE 8: The U.S. dollar started this holiday-shortened week on the back foot. Pullback in U.S. treasury bond yields and rally in commodities have been two drivers. Year-end position squaring could result to some messy price action into the end of the week.

al_dcdemo avatar

UPDATE 9: U.S. dollar ended this year on a softer note. The dollar index posted its lowest monthly close since 2014. Expectations of other major central banks following Fed into hawkish direction began to outweigh the still present monetary policy divergence.

lubZostaw komentarz
Avatar

EUR/JPY double top

Eur/jpy chart shown above is indicating a double top formation and a break of the last six month trend line which is a bearish formation . Eur/jpy could swiftly drop to the first support at around 130.00 level and then to the second support of around 128.00 level . Traders could take short positions on this pair and take advantage of this bearish technical picture .
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
lubZostaw komentarz
Avatar

Aussie to retrace some more in November

Technical Tools
Support and resistance (S/R). Price levels, trendlines and Fibonacci retracements. Price action, candlestick and chart patterns. Simple moving averages (SMA). Commitments of traders (COT) indicator, which displays speculative positioning in FX futures market, used as a proxy for speculative positioning in spot FX market.
Weekly Chart
AUD/USD was trying to crack the strong supply zone between 0.77 and 0.78 for more than a year, carving out a triangle pattern in the process. The pa…
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
al_dcdemo avatar

UPDATE 5: AUD/USD fell 50 pips overnight, after the release of weaker than expected Wage Price Index. 38.2% retracement of the 2016 - 2017 upswing now looks properly broken. 0.75 - 0.755 area is the next major support. It includes 2016 - 2017 trendline, the big figure, and is backed by 50.0% retracement.

al_dcdemo avatar

UPDATE 6: The U.S. dollar ended the week lower against European currencies and yen, and higher against commodity bloc. If we look at these currencies from the yield perspective, it was actually a typical risk-off week, albeit with reduced volatility.

al_dcdemo avatar

UPDATE 7: FOMC Minutes highlighted the division among officials on inflation outlook, though majority still think inflation will ultimately pick up. December hike is virtually a done deal but what comes after that will increasingly hinge on inflation progress. The U.S. dollar was sold ahead of and after the release.

al_dcdemo avatar

UPDATE 8: AUD/USD posted an outside day last Tuesday as it bounced from 2016 - 2017 trendline. One week later, the pair is trading about 75 pips higher, after sellers emerged ahead of 0.7650. Private Capital Expenditure report on Thursday will likely provide some fuel for either direction.

al_dcdemo avatar

UPDATE 9: Progress on U.S. tax reform, better than expected GDP revision and Janet Yellen with some hawkish comments have all been welcomed by U.S. dollar bulls. Yet the currency struggled to make any significant headway. Markets have continuously underestimated Fed's resolve to normalize rates in this cycle.

lubZostaw komentarz
Avatar

CAD/JPY


  1. I AM using Bollinger Bands and RSI for my technical analysis
  2. i am using weekly chart and daily chart for my analysis.
  3. I think it was double top .
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
lubZostaw komentarz
Więcej