Topic: Goomboo's Journal - page 55. (Read 281461 times)

Ah, I've been looking at the 15-minute interval chart. I think this may be a false crossover, unless the volume starts increasing. There also seems to be little support above $6.20.

I'm looking for it but I can't find the crossover. Could you link to a chart showing what you mean?

Impending crossover... steady now boys.

Hmm, I notice in the description of the alert that it is based on 3 moving averages.  Maybe those are the three colors?  If you find out, please let us know.

thanks guys apparently you just change the numbers in that second window [default 5/10/15].  im not sure what the 3rd line (yellow) is generally for, you guys have any idea ?

sorry to keep buggin you guys but just got sierra installed properly and am trying to figure out how to get the EMA setup with the specific numbers.  am i even selecting the right one? (apparently moving average is the same as EMA?)  and how do i put in the specific numbers (10/21 etc)

sorry to keep buggin you guys but just got sierra installed properly and am trying to figure out how to get the EMA setup with the specific numbers.  am i even selecting the right one? (apparently moving average is the same as EMA?)  and how do i put in the specific numbers (10/21 etc)

"Moving Average Crossover Alert: Add the study Moving Averages to the chart. The study will display three moving averages. Open the Study Settings window for the study. Configure the Inputs as you require. On the Subgraphs tab set the Draw Style moving averages you do not want to see to Ignore. In the Simple Alert >> Condition text box on the Alerts tab enter: =CROSSOVER(SG1, SG2). This means if the first two moving averages cross, an alert will be given."

From http://www.sierrachart.com/index.php?l=doc/doc_AlertCondAndScan.html

"Moving Average Crossover Alert: Add the study Moving Averages to the chart. The study will display three moving averages. Open the Study Settings window for the study. Configure the Inputs as you require. On the Subgraphs tab set the Draw Style moving averages you do not want to see to Ignore. In the Simple Alert >> Condition text box on the Alerts tab enter: =CROSSOVER(SG1, SG2). This means if the first two moving averages cross, an alert will be given."

From http://www.sierrachart.com/index.php?l=doc/doc_AlertCondAndScan.html

Does anyone know of any BTC trading tools that has alarms for moving average cross-overs? 

Does Sierra Chartfeed have such alarms?

Thanks in advance!

Does anyone know of any BTC trading tools that has alarms for moving average cross-overs? 

Does Sierra Chartfeed have such alarms?

Thanks in advance!

GoomBoo, this is really great information, thank you for sharing.

Tempted to experiment with the GoomBoo System, curious to see what happens.  

If I make any profits, will pass on a 1% donation to you for each successful trade.

Sent you a donation now, because of the quality of trading advice you have provided on this thread.

Please keep the thread going!

The "moving average cross-over" can also be expressed as an "oscillator".

Subtract the "fast" value from the "slow" value to give you either a positive (long) or negative (short) number.

^This.  Which raises the question of the longevity of trades.

The use of hourly data capture predisposes the trading longevity to short time frames (less than a week).
That is what I call "hard trading".   Over exposure to data and the emotional strain make it difficult to sustain.

Instead widen the time..... from hourly analysis to daily.

Hourly with 10/21 over 1 month. (fast)
http://bitcoincharts.com/charts/mtgoxUSD#rg30zigHourlyztgCza1gEMAzm1g10za2gEMAzm2g21zv

Daily with 10/21 over 2 months. (slow)
http://bitcoincharts.com/charts/mtgoxUSD#rg60zigDailyztgCza1gEMAzm1g10za2gEMAzm2g21

I simple trading strategy is to combine the two indicators:

i.e Use the slow indicator to determine your trend and the fast indicator to enter and exit.
When the "slow" is long, take all "fast buy" signals.
When the "slow" is short, take all "fast sell" signals.

The current price action from the 2 indicators suggest a "fast sell" into a "slow buy".  Which is not optimal but a good trader can scalp some change.

Aside:
The phenomenon of the "day trader/tick traders" used to be exclusively the domain of locals (private individuals with full licence to trade) on the exchange. 
The Clinton era bull run brought the concept to the "masses".
Throw in HFT, Bitcoin's true 24 hour exchanges and volatility and the concept of "short time frame" trading becomes normal.

I would just like to remind all new traders that going to sleep with an open position is not meant to be a gut wrenching experience.

Does anyone know of any BTC trading tools that has alarms for moving average cross-overs?