The retracement from that leg could be the one that decides the outlook of BTC / USD
in the daily chart.
Bitcoin is in the midst of completing an inverted head - and - shoulders price pattern, as can be clearly seen
in the daily chart above (Chart # 1).
Hello Nial, you are really great!Each time I sight an inside bar
in the Daily chart and in the direction of the trend, I normally scroll down to the 4 hr chart and wait for a formation of an inside bar and the break of the inside bar before I enter the trade.I do this because it reduces the amount of pips I use as my stop loss.Is this a good practice?Thanks and remain great.
Happy anniversary to LTTTM, I agree that Price action
in daily chart or longer chart is the most important thing to learn if we want to win as traders, because I've try to scalp with many indicators and robots and proved that none of that works, I was affraid to use daily chart because I tought that I have to use large stoploss would made me lost much if I lost, but now I now that scalping is the fastest way to blow my account.
This is marked using pink dotted lines
in the daily chart.
This channel is marked in blue color
in the daily chart below.
However, Sir, does the S&R levels that we drawn
in a Daily Chart applicable to a 4 - hour's too?
We can see
in this daily chart of EUR / USD two successive pin bars testing a previous support and resistance level and then resuming downward movement
# 3 RSI nearing Oversold:
In the daily chart, the RSI is near 33, indicating that it is nearing oversold levels.
In the daily chart of USD / CAD below we can see multiple pin bars formed at the top of a range bound market that was most recently in a large down trend.
I have practiced to trade FX
in daily chart for months and I can say that my balance stay in positive since then.
We can see
in this daily chart of GBP / USD below a beautiful pin far formed at a previous support / resistance level with the up trend and also at a Fibonacci 50 % retrace level.
Price action in H4 seems okay but it's more accurate
in a daily chart.
i work with price action
in the daily chart for big operation — minimum 100 pips each — and also intrady with the 15m time frame for multi small 20 pips each — .
I trade
in a daily chart and check weekly chart if I'm having trouble to find a support or resistance line.
And How can a weekly chart help you on trading
in a daily chart.
Otherwise, conservative traders should wait for surges above $ 180
in the daily chart before looking for longs in the 4 HR chart.
# 3 RSI nearing Oversold:
In the daily chart, the RSI is moving up from near oversold levels.
# 2 Bullish Candle: The latest candlestick pattern
in the daily chart is a hammer.
Price support (green)
in the daily chart is in the $ 166.50 — $ 166.60 range:
In the daily chart of USD / CAD below we can see multiple pin bars formed at the top of a range bound market that was most recently in a large down trend.
We can see
in this daily chart of EUR / USD two successive pin bars testing a previous support and resistance level and then resuming downward movement
This is marked using pink dotted lines
in the daily chart.
We can see
in this daily chart of GBP / USD below a beautiful pin far formed at a previous support / resistance level with the up trend and also at a Fibonacci 61.8 retrace level.
This channel is marked in blue color
in the daily chart below.
Even though there is a humongous bullish candlestick in the 4 HR chart, we shall maintain our bearish view until prices touch or even close below the 61.8 % Fibonacci retracement
in the daily chart.
• RSI
in daily chart is currently overbought.
He would hardly get a trade in whole day [8 - 10 hrs] by observing / waiting for pin - bar
in daily charts.
Using Trend, Level and Signal
in daily charts make me win 3 trades in the row and it allow me naturally to trade like sniper, it works.
Not exact matches
While indicators show that buying has slowed for the stock, Lang's
daily chart for Workday showed that the stock's June decline went hand -
in - hand with a decline
in trading volume.
There has been a wide range of returns
in the three - and 12 - month periods following
daily closes of the VIX below 14, as the
chart above shows.
Members can also gain access to new
in - depth reports, hundreds of
charts, as well as
daily newsletters on the digital industry.
Nearly the same as a 50 - day MA (on a
daily chart), the 10 - week MA does a stellar job of showing you the intermediate - term trend
in relation to the longer - term trend of a weekly
chart.
$ KBE is back above its 10 - week moving average, and the price action moving
in a tight, sideways range above the rising 20 - day exponential moving average on the
daily chart (not shown).
This can be seen on the weekly
chart of Guggenheim Solar ETF ($ TAN), an ETF we recently sold for a 44 % gain
in The Wagner
Daily newsletter:
So, let's drill down to the weekly
charts of one ETF and two individual stocks that could soon be
in play for Wagner
Daily buy entry.
Below is the
daily chart of SolarCity ($ SCTY), which I bought in The Wagner Daily newsletter on December 19 (still long as of January 10, with an unrealized price gain of 2
daily chart of SolarCity ($ SCTY), which I bought
in The Wagner
Daily newsletter on December 19 (still long as of January 10, with an unrealized price gain of 2
Daily newsletter on December 19 (still long as of January 10, with an unrealized price gain of 26 %):
The ugly pattern
in $ QQQ is shown on the
daily chart below:
In our Wagner
Daily swing trading newsletter (a completely separate service of the stock screener), we manually scan through hundreds of
charts every night, cherry pick only the best - looking stock and ETF trade setups, then e-mail subscribers our exact and predetermined buy trigger, stop, and target prices.
The recent changes
in our sentiment, based on our market timing system, are shown on the
daily chart of the PowerShares QQQ Trust ($ QQQ) below.
To sum up, there are many bullish signs on the
daily chart, suggesting more upsides
in Ether during the coming days.
In closing, the
daily chart of the benchmark S&P 500 Index below shows that it's always a negative technical signal when distribution days cluster over a very short period of time:
HOWEVER, with our market timing model now
in «sell» mode and the
daily chart pattern starting to look at bit ominous, this does not mean swing traders should be looking to step
in and start buying stocks.
Scanning for reliable
chart patterns is obviously one of the most important factors that determines which stocks and ETFs we buy
in the model portfolio of The Wagner
Daily newsletter.
The weekly
chart below shows the long - term uptrend
in TMF, while the
daily chart that follows shows the potential breakout above the intermediate - term downtrend line.
The
daily chart in $ VNM shows the tight price range just below the 20 - day EMA.
This is explained
in more detail on the
daily chart of FXE below:
Dropping down to the shorter - term
daily chart interval, we also see a tight base of consolidation trading around the 50 - day moving average, with two higher lows
in early and late December.
In addition to scanning hundreds of
daily ETF
chart patterns every night, we also use percentage change
charts to compare the performance of numerous industry sectors with the benchmark S&P 500 and / or Nasdaq Composite indices.
The first winning trade of this month period was an interesting fakey pattern that formed on the
daily chart of the S&P 500 within the recent runaway trend this market was
in just before all the recent volatility set
in.