#macd

Buyers have been quietly stepping in at lower prices every time XRP dips — and that pattern is now drawing attention from traders watching the token closely. Sellers Losing Their Grip XRP has been grinding between $1.37 and $1.45 for days, stuck in a tight range that has produced repeated rejections near the top. But each time the price pulls back, it holds at a higher low than before. That slow…

Trend following is a trading strategy that aims to capitalize on the upward or downward trends in the market. By identifying and following these trends, traders can potentially increase their profits while minimizing risks. This strategy is grounded in the belief that prices move in trends and that these trends persist over time. Understanding the Basics What is Trend Following? It is a strategy…

You can take advantage of the 60-minute time frame in this Forex strategy. The most suitable currency pairs to trade using this Forex strategy are the EUR/USD, USD/JPY, GBP/USD, and the AUD/USD. In regards to the Forex trading strategies resources used for this type of strategy, the MACD is the most suitable which is available on both MetaTrader 4 and MetaTrader 5.

Buy Trade Rules:

You can enter a long position when the MACD histogram goes above the zero line. The stop loss could be placed at a recent swing low.

Sell Trade Rules:

You can enter a short position when the MACD histogram goes below the zero line. The stop loss could be placed at a recent swing high.

ES Morning Update October 24th 2022

Strong move up on Friday and it’s continuing this morning. However, all 3 scenario’s are still on the table and I really don’t think we eliminate scenario two until we get above the rising red trendline of resistance. That’s around 3850 today, so if they can say run to 3900 and pullback to 3850 the odds increase a lot that we are going for the FP on IWM. But currently the market hasn’t even got…

Last week we issued our annual Best Six Months Seasonal MACD “Sell” signal to our newsletter subscribers (arrow in the chart). But it is not an all-out sell. It’s a neutral signal for us to reposition our portfolios and get more defensive for the weaker time of the year from May to October – which is weakest in midterm years.

We have been calling it a “Sell” signal for years, but we are reconsidering that now as we don’t sell everything outright. We do sell some positions, tighten up stops, limit new buying and rotate into more defensive positions in sectors that historically do better in the Worst Six Months May-October, but we do not sell everything and hold many core positions.

Posting some of my favorite sets in Smash

Elliott Wave Dow Jones Index Trader Could Not Stop Smiling