Topic: Goomboo's Journal - page 60. (Read 281461 times)
Thank you for your contribution. How long have you been trading bitcoin?
Since the Bitcoin market has so little liquidity, I suggest that new trader try a variant of my system. If a large group of people were to trade the 10/21 crossover, the entries / exits would become crowded and price would move violently around those points, hurting us all! I suggest that people try things such as a 9 / 14 crossover or a 5 / 8 crossover.
I caution against the lower timeframes because for the most part, they are just noise. The spread is so large and the market is so thinly traded that if you are trying to make money on a chart of less than an hour, it can be very difficult.
I caution against the lower timeframes because for the most part, they are just noise. The spread is so large and the market is so thinly traded that if you are trying to make money on a chart of less than an hour, it can be very difficult.
Hi all, Goomboo here!
I'm a Forex / Bitcoin trader and I thought I'd open a thread in which I share my method / trades.
I have tried trading thousands (literally, thousands) of trading strategies for the past few years, but I have found that the more simple and less elaborate I make my trading, the more profitable it becomes. The system I use for Bitcoin is very, very simple and straight forward.
I trade a 10 and 21 exponential moving average crossover. When the 10 crosses over the 21, I buy. When the 10 crosses under the 21, I sell or sell short. I chart and trade through RTBTC.
Here is a table of contents containing what I believe to be important posts in this thread:
The Logic Behind Moving Averages
A Simplified Example of Trading the S&P 500
A Note About Leverage
Technical Trading Strategies Can Be Profitable for the Long-Term
The Steps to Profitable Trading
Traders Don't Predict - They React
Stick with the Plan!
Technical Analysis Tools Don't Work As Advertised
A Decade of Trading Results
You Can't Fade the System Forever
Don't Cut Your Profits Short
Risk Management Defines Us As Traders
Rules You Won't Follow Don't Matter
Why You Shouldn't Trust Your Gut
4500% Closed PNL: Don't Get Too Excited
Be Skeptical of Historic Results
Bitcoin Trading Is Very Expensive
Optimizing the Trading System
A Good Reading List
A Comparison Between Simple and Exponential Moving Averages
Stewardship Is Key
What If Too Many People Trade the Strategy?
Trader or Investor? It's All About Personality
True Fundamental Analysis: Fact-Telling, Not Story-Telling
We Search for Reasons When There Are None
Simplicity Is Key
Trading with an Edge
Trading Isn't for Everyone
You Must Honestly Examine Your Performance
Separate Your Ego from Your Desire to Trade
Trading in a Drawdown
The Backbone of a Trader Is Discipline
Avoid Worthless Speculation
Foolishness Abounds During Periods of Market Volatility
Trading Is About Survival
The Sole Job of a Trader
How to Pick a Winning Trader
System Performance As of 4-20-2014
I'm a Forex / Bitcoin trader and I thought I'd open a thread in which I share my method / trades.
I have tried trading thousands (literally, thousands) of trading strategies for the past few years, but I have found that the more simple and less elaborate I make my trading, the more profitable it becomes. The system I use for Bitcoin is very, very simple and straight forward.
I trade a 10 and 21 exponential moving average crossover. When the 10 crosses over the 21, I buy. When the 10 crosses under the 21, I sell or sell short. I chart and trade through RTBTC.
Here is a table of contents containing what I believe to be important posts in this thread:
The Logic Behind Moving Averages
A Simplified Example of Trading the S&P 500
A Note About Leverage
Technical Trading Strategies Can Be Profitable for the Long-Term
The Steps to Profitable Trading
Traders Don't Predict - They React
Stick with the Plan!
Technical Analysis Tools Don't Work As Advertised
A Decade of Trading Results
You Can't Fade the System Forever
Don't Cut Your Profits Short
Risk Management Defines Us As Traders
Rules You Won't Follow Don't Matter
Why You Shouldn't Trust Your Gut
4500% Closed PNL: Don't Get Too Excited
Be Skeptical of Historic Results
Bitcoin Trading Is Very Expensive
Optimizing the Trading System
A Good Reading List
A Comparison Between Simple and Exponential Moving Averages
Stewardship Is Key
What If Too Many People Trade the Strategy?
Trader or Investor? It's All About Personality
True Fundamental Analysis: Fact-Telling, Not Story-Telling
We Search for Reasons When There Are None
Simplicity Is Key
Trading with an Edge
Trading Isn't for Everyone
You Must Honestly Examine Your Performance
Separate Your Ego from Your Desire to Trade
Trading in a Drawdown
The Backbone of a Trader Is Discipline
Avoid Worthless Speculation
Foolishness Abounds During Periods of Market Volatility
Trading Is About Survival
The Sole Job of a Trader
How to Pick a Winning Trader
System Performance As of 4-20-2014
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