Trading Assignment: Find an idea

[Furnt]

Using the technical analysis, I generally try to buy dips then choose an exit profit number and get out with profits. Try not to be greedy and set a stop loss just in case it goes down.

[Juan_araujo]

LINK/USDT
03.09.2021
LONG
Entry price: 28.5-29.5
T.P: 35.02 = approx 18.5-20%

I used
RSI
MACD
EMA 5-10 ( dynamic range)
EMA 200 ( historical)
I decided on this strategy based on a 1D chart (notorious uptrend since Dec)
and I confirmed with the 1H chart because I think, the price will try testing the uptrend support which is increasing day-day after a strong market correction 2 weeks ago

[manuel.simulescu]

My basic idea is go long or short depending on resistance or support levels (long when when price touches a support level or short when it touches resistance) just after MACD lines cross each other. Take profit close to next support or resistance level.

[yaisah]

Hello, I’m completely new to trading, I simply want to learn more so I’m currently not trading on any platform just hodling but for this assignment one of my favorite cryptocurrencies Polygon (MATIC) has made a big move lately and I wanted to try this analysis just for this assignment.

It might be a tough one because after it got listed on a new exchange (Coinbase) it made a huge move but I considered that to be the flagpole and after drawing the lines it seemed like a bull flag because the rectangle is sloping down. Keep in mind this is the hourly analysis so my idea was to enter a short position if it breaks below the bottom of the flag or a long if it breaks above the ceiling of the flag.

I measured the flagpole from the price breakout to the highest price point before it started to consolidate (I think) so I copy/pasted the flag pole but made it a dash line instead for visualization purposes of this analysis and if we break to the upside it could go as high as .56 and if we break below then it could go as low as .29 and of course this would be a short term position because it is the hourly chart.

Also, it is above the daily (1D) moving average so it looks like a bullish move.

This is my idea but I’m not super confident like I said I’m super new and have no experience in this so please correct me if I’m wrong or if you have any feedback.

[epicangel]

ok so here goes
to trade the break out of a descending or ascending triangle, set signals to allert you when price moves to the up or down preset your alerts to notify you and open a trade when the candle is confirmed in which direction the break out will go (up or down)
use the triangle open wedge height to predict how far up or down price should move for tp and sl

[Denis_Petitclerc]

The highest is @ 61810.71 I would guess to take profit @ 65000.00.
The lowest is @ 43214.21 2nd lowest @ 47250.00 I would place my stop loss @ 45000.00.

[Denis_Petitclerc]

1. It can dramatically affect the performance of a trading strategy.

2. A reliable simulation over a period of at least one or two years of out-sample testing.

3. There are many different small things you can do wrong such as highly correlated procedures fine grid test or ignoring the “surrounding”.

[kingster]

One Idea that I have is to use EMA (Exponential Moving Averages). The Idea is to buy when the 5 day EMA crosses above 20 day EMA and sell when the EMA5 crosses below EMA20. If you want to have even more “security” you could add the EMA50 to the equation, then you buy when EMA5 is above EMA20 is above EMA50, and sell when EMA5 crosses below EMA20 is below EMA50. Of course both with a Stop-Loss so that if something unexpected happens in the market, you don’t loose to much money. This idea is not for day-trading… it might take weeks between signals, but I believe that with this strategy you could be able to make some pretty nice gains, with pretty low level of risk.

[Wejobs]

this is exactly where im stuck at however im watching the bitcoin chart
and try to watch incoming volume analyse chart see for potential flag diamond or simliar patterns and go long on a bullish chart

[muradawad]

@filip

trading idea

Hi,

In my opinion the best trading idea is to buy any possible amount of Bitcoin and hold it as long as possible.

Bitcoin prices within the next 5 - 10 years will shock everybody including me!!!

[Gee]

I would look at patterns on the chart ie a forming W pattern and place my trades accordingly. also looking at historical data MACD.

[Gee]

[ChristianB]

At the time of writing (March 22, 2021 at 4:36 p.m. UTC), the price of BTC is navigating a raising wedge between its ATH (61788) and the subsequent correction (53222), with a apex located at around 58100.
My strategy will be this:

1. If it hits the lower line (currently 56100) and drops below 55500 (last bounce point), I place a short order with close out of that order if it goes back above 56100.
2. If it reaches the upper line (currently 59300) and exceeds 59800 (last rejection point), I place a long order with liquidation of that order if it drops back below 59300.

[mb32]

Accumulate ethereum while USD price remains steady and after a while of flat movement on the ETH BTC MACD, trade ethereum into bitcoin, while taking profits back into ethereum and the altcoin market.

[barney]

Find an idea.

If investing for a long term savings, bitcoin would probably be a very good idea to invest in.

Would it be a good Idea to invest for a short term in Cardano ADA?
Seems it’s has been creating those “Barts” recently and this week they have been looking more like “reverse” Barts.
Compared to the width of those Barts it’s look like it’s should be movement upwards this weekend.

Just for the fun I’m gonna putt in “$1million” today for short term on Cardano ADA, aiming to sell next Tuesday (30.03), and then check if it would be a happy easter

[LukeS]

Looking at the past month to 3 months of pancakeswap after a sharp increase there is almost always a fairly big drop in price. It could be possible to short CAKE after a steep rise in price.

[Ana.Barreto]

In BTC upper trend, on Daily chart. 21 day MA flips resistance into support, wait confirmation, then long. Draw simple slopes / lines to defined take profit areas, can use parabolic SAR on trend to define stop loss.

[mchoeti]

HM… Having an idea is really wonderful. But i am more thinking about the volume or the MA possibilities. In simple words, i would like to sell when the buy pressure is high and buy when low. Sounds simple but let me figure that out

[VincentC]

Setting a stoploss at 50k, i think the RSI has hit its low and BTC is ripe for more buying pressure. MACD also shows very low momentum and the last time at this level it had a rebound. I would set a ‘take profit’ marker at 59k.

[Jekaterina]

I see these loops forming rather oftenish. I do expect another loop forming after bitcoin price falls this weekend ans buy some. Idea could be to buy when fast average line falls below slow one and then sell when the loop peaks. (I wont be selling tho…)