Category Archives: Forex

Most reliable candlestick patterns with TA-Lib Python demo

Most reliable candlestick patterns with TA-Lib Python demo

As continuation with the 2 patterns I mentioned earlier which include Marubozu line and others listed below.

Here are the links from my video

https://mrjbq7.github.io/ta-lib/func_groups/pattern_recognition.html

http://thepatternsite.com/BlackMarubozu.html

http://thepatternsite.com/RickshawMan.html

Market reversal with Marubozu Line and Adam and Eve

Reliable candlestick patterns for TA-Lib pattern recognition acts as a bullish reversal

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

latest technical indicators for automated crypto trading webinar

latest technical indicators for automated crypto trading webinar

I will be showcasing some demos of the latest indicators for the correct scenarios: These include:
1. Fibonacci Retracement
2. Moving Average
3. Upper and Lower Trendline
We could also talk about Harmonic Patterns and even my latest research into market reversals
This will also be live streamed on Youtube.com/quantlabs

Webinar detail info

Hi there,

You are invited to a Zoom webinar.
When: Jun 25, 2018 7:00 PM Eastern Time (US and Canada)
Topic: latest technical indicators for automated crypto trading

Please click the link below to join the webinar:
https://zoom.us/j/724284661

Or iPhone one-tap :
US: +16699006833,,724284661# or +16465588656,,724284661#
Or Telephone:
Dial(for higher quality, dial a number based on your current location):
US: +1 669 900 6833 or +1 646 558 8656
Webinar ID: 724 284 661
International numbers available: https://zoom.us/u/deiPOc3hN

 

Technical analysis moving average confirm higher potential entry for forex trading

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Reliable candlestick patterns for TA-Lib pattern recognition acts as a bullish reversal

Highly reliable candlestick patterns for TA-Lib pattern recognition functions. You can work with these with Python.

Some of these acts as a bullish reversal. I have a compiled most TA-Lib pattern recognition with potential. Some are very accurate so I may test them in the easy programming demo I showcased in my last posting. Let me work with the ones that work instead of coding the Adam and Eve pattern. 

This is from https://mrjbq7.github.io/ta-lib/func_groups/pattern_recognition.html

TA-LIB FUNCTIONS compiled reviewing

CDL2CROWS←-medium reliable

http://thepatternsite.com/TwoCrows.html

CDL3BLACKCROWS← pattern acts as a bearish reversal of the upward price trend and the overall performance is outstanding.

http://thepatternsite.com/ThreeBlackCrows.html

CDL3STARSINSOUTH<-Bullish reversal 86% of the time but rare

http://thepatternsite.com/ThreeStarsSouth.html

CDL3INSIDE←- rare bug highly reliable 
http://thepatternsite.com/ThreeLineStrikeBull.html

CDL3OUTSIDE← rare but decent performance

http://thepatternsite.com/ThreeOutsideUp.html

CDL3OUTSIDE← frequent bullish reversal but very works well

http://thepatternsite.com/ThreeOutsideUp.html

http://thepatternsite.com/ThreeLineStrikeBull.html

CDL3WHITESOLDIERS← It acts as a bullish reversal 82% of the time, 

http://thepatternsite.com/ThreeWhiteSoldiers.html

CDLADVANCEBLOCK “near random” range of 51% to 59%

http://thepatternsite.com/AdvanceBlock.html

CDLADVANCEBLOCK

http://thepatternsite.com/AbandonBabyBull.html

CDLBELTHOLD ← It acts as a bullish reversal often

http://thepatternsite.com/BeltHoldBull.html

CDLBREAKAWAY L← bearish reversal 63% of the time

http://thepatternsite.com/BearBreakaway.html

CLOSINGMARUBOZU  ← (candlestick acts as a continuation pattern 55% of the time not so reliable)

http://thepatternsite.com/ClosingWhiteMarubozu.html

CDLCONCEALBABYSWALL rare

http://thepatternsite.com/ConcealBaby.html

CDLDARKCLOUDCOVER-let it form after break, it is useful

http://thepatternsite.com/DarkCloudCover.html

 

CDLDOJISTAR← maybe reliable if Doji Evening Star

http://thepatternsite.com/EveningDojiStar.html

 

DRAGONFLYDOJI ← can be ignored

http://thepatternsite.com/Dragonfly.html

 

CDLENGULFING ←sort of common

http://thepatternsite.com/BullEngulfing.html

 

CDLEVENINGDOJISTAR -respectable

http://thepatternsite.com/EveningDojiStar.html

CDLEVENINGSTAR -highly reliable as market reversal

http://thepatternsite.com/EveningStar.html

CDLGAPSIDESIDEWHITE -medium performance but maybe not effective

http://thepatternsite.com/SidebySideWhiteLinesBull.html

CDLGRAVESTONEDOJI ←nothing special

http://www.thepatternsite.com/Gravestone.html

CDLHAMMER ←-highly respected

http://thepatternsite.com/Hammer.html

CDLHANGINGMAN←not so strong

http://thepatternsite.com/HangingMan.html

CDLHARAMI← works half the time

http://thepatternsite.com/HaramiBull.html

CDLHARAMICROSS ← good potential

http://thepatternsite.com/HaramiCrossBull.html

CDLHIKKAKE ← mid list performance

http://thepatternsite.com/HighWave.html

CDLHOMINGPIGEON← bearish continuation 56% of the time but realiable

http://thepatternsite.com/HomingPigeon.html

IDLIDENTICAL3CROWS← not reliable

http://thepatternsite.com/Identical3Crows.html

CDLINNECK← bearish continue but works half time but highly listed

http://thepatternsite.com/InNeck.html

CDLINVERTEDHAMMER← very reliable for bear continuation

http://thepatternsite.com/HammerInv.html

CDLKICKINGBYLENGTH← works half the time

http://thepatternsite.com/KickingBull.html

CDLLADDERBOTTOM← works half the time

http://thepatternsite.com/LadderBottom.html

CDLLONGLEGGEDDOJI← not that reliable

http://thepatternsite.com/LongLegDoji.html

CDLLONGLINE← more reliable

http://thepatternsite.com/AboveStomach.html

CDLMARUBOZU← slightly >medium reliability

http://thepatternsite.com/WhiteMarubozu.html

CDLMATCHINGLOW←  bearish continuation 61% very high

http://thepatternsite.com/MatchingLow.html

CDLMORNINGDOJISTAR  ← decent performance and scores high

http://thepatternsite.com/MorningDojiStar.html

CDLMORNINGSTAR

CDLMORNINGSTAR← not frequent but highly reliable

http://thepatternsite.com/MorningStar.html

CDLONNECK← 56% reliable but higher priority

http://thepatternsite.com/OnNeck.html

CDLPIERCING ← higher priority but not as frequent

http://thepatternsite.com/Piercing.html

CDLRICKSHAWMAN← medium reliability but higher priority

http://thepatternsite.com/RickshawMan.html

CDLRISEFALL3METHODS← very highly reliable bearish continuation but rare

http://thepatternsite.com/Falling3Methods.html

CDLSEPARATINGLINES ← very reliable for bullish continuation

http://thepatternsite.com/SeparateLinesBull.html

CDLSHOOTINGSTAR← 59% reliability

http://www.thepatternsite.com/ShootingStar.html

CDLSPINNINGTOP ← most frequence

http://thepatternsite.com/SpinTopBlack.html

CDLSTICKSANDWICH← bearish continuation 62% of the time

http://thepatternsite.com/StickSandwich.html

CDLTAKURI← it works  bullish reversal and it does, 66% of the time

http://thepatternsite.com/TakuriLine.html

CDLTASUKIGAP← not reliable

http://thepatternsite.com/UpsideTasukiGap.html

CDLTHRUSTINGworks best in a bear market, but suffers in a bull market.

http://thepatternsite.com/Thrusting.html

CDLUNIQUE3RIVER ← works 60% of the time

http://thepatternsite.com/Unique3RiverBottom.html

CDLXSIDEGAP3METHODS← bullish reversal 62% of the time

http://thepatternsite.com/DownGap3Methods.html

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Market reversal with Marubozu Line and Adam and Eve

Market reversal with Marubozu Line and Adam and Eve

This is the hardest part of trading. If you followed me back in Dec or Jan with the Dukascopy forex trading, I found there were so many false positives with this type of trading. I am hoping these unknown indicators of Marubozu Line and Adam and Eve. Do remember I also failed with sub minute time frames as well. Boo to that. I just found the markets are way too noisy at that timeframe. As a result, I really like the timeframe of daily which all of the recent postings use. I also like hourly but that is more for intraday analysis.

 

Here is a list of sources that you could use to refer to these trading ideas.:

Adam and Eve Pattern 

http://thepatternsite.com/aedb.html <– good conditions from a technical analysis book

http://thepatternsite.com/aedt.html

http://thepatternsite.com/aedt.html

Make sure to understand risk management techniques when apply this http://technical.traders.com/tradersonline/display.asp?art=2709

Here is the closest source code example I could get with MT4

https://www.mql5.com/en/market/product/5689#description

 

Marubozu line with candlesticks

Marubozu Line and Opening/Closing Marubozu Line

(this has a great description)

 

Depending on where a Marubozu is located and what color it is, you can make predictions:

  • If a White Marubozu occurs at the end of an uptrend, a continuation is likely.
  • If a White Marubozu occurs at the end of a downtrend, a reversal is likely.
  • If a Black Marubozu occurs at the end of a downtrend, a continuation is likely.
  • If a Black Marubozu occurs at the end of an uptrend, a reversal is likely.
  • However, because these conjectures fail to provide 100% certainty, it is always best to confirm your suspicions by watching the candles that appear after the Marubozu. If the next few candles confirm your forecast (or if you spot another supportive candlestick pattern), feel free to move forward with confidence.

Marubozu Candlestick Pattern

Marubozu Candlestick Pattern

http://www.stock-trading-infocentre.com/marubozu.html

There looks to be some Python coding examples with Nictrades

https://github.com/mrjbq7/ta-lib/issues/74

With my working code, it seems that the return codes mean this:

The -100 denotes a bearish Tristar pattern where the middle candle body is above the other two. Conversely +100 denotes a bullish Tristar pattern where the middle body is below the adjacent ones.

https://stackoverflow.com/questions/36820189/what-are-the-numbers-such-as-100-100-200-200-and-etc-when-using-ta-lib-i

All of these trading ideas  are from Nictrades from https://www.facebook.com/NicTrades/

Refer to these links on my previous indicators of Fibonacci and moving average.

 

Thanks Bryan

Here are the details of my Python infrastructure trading block course here

New course!! Building Python algo trading system with Bitcoin an crypto currency focus

Technical analysis moving average confirm higher potential entry for forex trading

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

How to use moving averages for potential market reversal in algo trading

 

I just recorded another video on moving averages. This includes the periods of 20 simple moving average, 50 simple moving average, and the longer/slower 200 exponential moving average. This is important to display my video showcases that moving averages that have a healthy divergence mean it has trends which you can trade. With my recent crypto currency in the video, you can clearly see the pair averages tighten up which makes it very difficult to trade automatically.  With these averages and my recent trend (watch  the video here), I am hoping to find this a workable trading condition.

Chart details

In the chart example of the video, you will find new indicators which includes momentum and Relative Strength Indicator (RSI).  I find momentum combined with the trends will tell an interesting story when they work. Don’t forget I can also use what level are generated by Fibonacci Retracement.  I also have a way generate the numbers for momentum using a newly discovered Python package. This can be seen here

https://github.com/bukosabino/ta

I hope this helps as I start working on the Adam and Eve pattern to confirm market reversals. This also involves when a candlestick moves more 50% the next day after an opposing huge candlestick. The name of this line is Marubozu

http://www.stock-trading-infocentre.com/marubozu.html

Thanks Bryan

Using Fibonacci Retracement level for price target moves for support or resistance

 

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Testing up and down trendline for support and resistance line

As described in the video,  I called the last few number of days one big CLUTER-F. This video highlighted the meaning in a non profanity way. One goal of this process to find a new support and resistance line. Do understand that this process of building trend-lines using an automated method to calculate peaks and troughs (or pivot points) is not easy. I refer you to this as it will explain the process better than I can here. I could easily get bogged down in this quagmire. As a result, I am calling it a day so I can move onto other important phases based on my Nictrades learning.

Not perfect science

This is not meant to be perfect but the general of a 3rd touch on a trend line can confirm an entry or exit. One may be able to use these to make that point a support or resistance line. You could also swap out when price cross these lines to be used as a new support or resistance line. There is not perfect science but you try your best with simple indicators that can be used in combination of other indicators  to find new support and resistance line. You could also use other rules to confirm market positions. As well, one could combine these with other indicators mentioned which would include moving averages or harmonic patterns.

As indicated in the video, I have ways to calculate the expected third touch if two have already happened on a trend line. If price moves across that expected point, we could use that as way to do a market position or confirm something else.

Note that this process can be used at a universal level of all asset classes hopefully

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

In the Trenches with Crypto Currencies video replay

In the Trenches with Crypto Currencies video playback

quantlabsnet,

As you know, the crypto currencies space seems to be collapsing. I was only able to generate 1 Long opportunity yesterday and nothing today. I am rejigging the entry points as explained in the video

Description:

I thought I would do my first LIVE stream on Youtube. I am hoping to build a Python infrastructure using the instruction of Python book from QuantStart. Let’s see what happens

 

See the video here

http://quantlabs.net/blog/2018/06/in-the-trenches-with-crypto-currencies/

 

14 buy signals for crypto currency bear market on Jun 12

Yesterday there were no longs generated after the meltdown of Bitcoin from Friday. it seem that crypto currency was a dead asset class.  It got me worried since I had no content for webinar I did earlier. tonight. As a result, I had to rework how I approached using this new script I developed a few weeks ago.

See the script changes and benefits here

http://quantlabs.net/blog/2018/06/14-buy-signals-crypto-currency-break-market-jun-12/

I posted another video at this above link as well.

 

Always remember to get into the Quant Analytics service for all of these reports I have provided over the last few days.

http://quantlabs.net/academy/quant-analytics/

Thanks for reading

Bryan

 

 

C
NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

14 buy signals for crypto currency bear market on Jun 12

Yesterday there were no longs generated after the meltdown of Bitcoin from Friday. it seem that crypto currency was a dead asset class.  It got me worried since I had no content for webinar I did earlier. tonight. As a result, I had to rework how I approached using this new script I developed a few weeks ago.

Here are the script changes

1.  I reduced the look back period from 1000 to 200 days which makes it more than 6 months.

2. I added some new columns after running a linear regression. 4 new columns were added to ranking spreadsheet which include slope, r-value, p-value, and standard error.

3. A new sorting criteria which is in the order of slope, volume and volatility. Note that I will not report any crypto currency less than a volume of 45 million. This is the latest captured bar of volume with closing price added as well.

There is stlll lots of filtering to do which will makes this more precise as I choose which crypto currency pairs into enter the market via Binance exchange.

 

 

More opportunities to short with cryptocurrency bear market

 

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

In the Trenches with Crypto Currencies video playback

As you know, the crypto currencies space seems to be collapsing. I was only able to generate 1 Long opportunity yesterday and nothing today. I am rejigging the entry points as explained in the video

Description:

I thought I would do my first LIVE stream on Youtube. I am hoping to build a Python infrastructure using the instruction of Python book from QuantStart. Let’s see what happens

 

 

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

allow shorting crypto currency on these exchanges?

 

Lots of crypto currency exchanges do not allow shorting as we are now in a definite bear market. As a result there are a few exchanges that allow shorting according to my Telegram group:

Bitfinex
Bitmex

As you Binance is not one of them. I have looked for other options via these links:

https://smartoptions.io/how-to-short-cryptos-in-the-bear-market-and-get-rekt-on-bitmex/

https://amp.reddit.com/r/BinanceExchange/comments/7v04jq/is_it_poossible_to_short_on_binance/

Demo to download hundreds of crypto currency pairs via CCXT Python package from Binance Bitmex OKEx exchanges

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!