TRADE IDEA
ETH/USDT
Binance/15 MIN Chart
EMA 10
EMA 20
MACD
When EMA10 crosses over EMA20 and MACD is positive go long (see purple circles on chart).
When EMA10 crosses under EMA20 and MACD is negative sell long
(See light blue circles on chart).
Binance BTC/GBP 15m chart
Placing buy order when RSI <30 and sell when RSI > 70.
I was practising with trading view, and maybe a found a bullish flag, or is it too steep? SO maybe its a good time to long Link?
On Tradingview 1 hr chart for VET. I used indicators BB set 21, RSI set 8, Vol>2M
Buy: price < 3.5% below BB, RSI < 30, Vol > 2,000,000
Sell Target: price > 3.5% above BB, RSI > 70, Vol > 2,000,000
Stop Loss: price < 5% lower then Buy price
I played with RSI setting to get better confirmation. Plus I just like Fib numbers.
ETHUSD 15m sideways within a range:
In the last week Chain link has had 3ea tops in the 24.00 range and 3ea bottoms in the 22.00 range , will place a limit order @22.00 with a trailing stop loss of 6%
If it peaks again in the 24.00 range a small profit will be realized while protecting capital.
The trailing stop loss will allow for larger upside potential while capping the downside @6%
Find an idea: Trading Assignment.
An Idea:
Using STOCHASTIC
A combination between the RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence).
My strategy is to use the EMA 20 close, EMA 55 close and the RSI on litecoin 5 minutes.
When the EMA 20 close goes below the EMA 55 close a buy order at market limit will be put when the RSI is above 71 a sell order at market price will be set. an Stop loss order will be set at 5% under the buy order.
At the moment ETH is consolidating so between 1645 and 1607. I am going to put long trigger on 1660 and short trigger on 1592.
If going long on 1660: TP:1700 SL: 1650
If going short on 1592: TP: 1545, SL: 1607
when bitcoin does something like a head and shoulders: bitcoin goes up, then comes back down about 70-95% then comes about 20-30% higher up than the last hump, then falls back down to a now calculated support, then comfirms support, then coms up 20-30% les than the previous hump, then tests the support, then breaks it, (alot of stuff, i know,)then we put a short and make a take profit lavel when we come to the gap pric of bitcoin when it did the head. and vise virsa!
to be honest, the last couple of weeks i´ve been ape-ing into alts like crazy and managed to make a litlle bit of profit but the more I learn the more i realize that this is not the way to do things, i need a good steady rhythm which i know i will find with the help of this course
there is something i can see clearly on the ETH/USDT chart: the support line is going higher and higher and i love it !!!
So far I came up with a simple idea of buying at support level and selling on resistance in an upward trend, setting the stoploss slightly below support.
I really like buying on a juicy red candle with a tight stop loss and setting a trailing stop that is triggered at a point that will set the trailing stop to at least $1 above my entry point, then deleting the original stop loss. No way to lose money unless you are completely wrong from the start. Sometimes you get stopped out earlier than desired, keeping you from those real juicy gains, but at least you don’t lose.
I am a novice trader (actually just a buy and HODL kinda gal). I wait for ETH to hit ATHs then wait a little longer for the dump and then buy, usually around 3-4am, I don’t always hit the lowest lows but I generally get it on a down candle.
A long time ago idea I had regarding algorithmic trading was to combine simple indicators, like MACD, RSI, Moving averages, OBV in one single signal for buy and sell. Having taken this course I hope by the end I will be able to put into practice and backtest it.
Using simple moving averages, 7,30,50,100,200 to see the lines fan out and up with space between them to indicate momentum upwards to search for trades to long.
For this thought I would take a look at Binance BNB token using trading view. At the bottom of the chart, you can see histogram show buy and sell strength, wish I could have found RSI and MACD indicator in order to get a better grasped of BNB trading position and attempt to give a better answer.
After identifying a Bull Flag in CHZ I´ll set Stop Loss half way of the support (at 0.033981) and Take Profit at 0.036. The pole of the Flag goes from 0.030755 to 0.037.
Set Indicators
RSI - Max70/Min40
MFI - Max72/Min30
Signals
Buy opportunity when RSI <40 / MFI <30 & chart Trending Up
Selling alert when RSI >70 / MFI > 72 & chart Trending Down
Also looking at MA 20/50/200 for reinforcement of Ideas,
Market news if any for FA
Market Volume for strength in the move
Just to be clear, I am a hodler not a day trader, so this helps me to buy in and grow my hodl.
When macd is starting to cross up, volume increasing and rsi showing oversold go long, when macd starting to go down, volume decreasing and indicator showing overbought go short.
