How to recognize correct trading signals?

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: Pattart on December 19, 2018, 10:41:13 PM

Agree will be better if you don't follow 100% signals even though you hear that from a trusted trader, you should use it as a comparison or reference to your own analysis, if your analysis is the same as the signal then you can use it..

Good idea indeed. If you keep your own analysis and also the analysis from the people who call themselves as "gurus" you will be able to project them for future and watch what happens. You will be able to follow up and keep track of the movements and which predictions actually came out correctly and which did not. This should give you an idea about which person is actually giving good advice and who is a shill of some shitcoin.

They dont need to be 100% correct because no analyst would be able to do that. But a close approximate is good enough.

Pattart

hero member

Activity: 1190

Merit: 500

Quote from: Yamifoud on December 13, 2018, 07:00:24 PM

Quote from: Stilicho on December 07, 2018, 02:41:56 PM

Hi all,

Do you have any strategy how to recognize signals when market changes from bear to bull? I earned now some extra btc coins by selling on higher price and buying at lower. But i am weak to see when market is changing to grow. Usually i buy in not correct time and after while positive grow is turned back to fall. But how to know when the signal for grow is the correct one? I tried to use indicators but there is huge number of false signals and this did not help me anyway.

You better learn of what you have experience today. Listening to signals isn't providing any good to you, nor it will give you a way to have a good market strategy. You better play your trades without them by analyzing the market chart.

Agree will be better if you don't follow 100% signals even though you hear that from a trusted trader, you should use it as a comparison or reference to your own analysis, if your analysis is the same as the signal then you can use it..

FSO

newbie

Activity: 1

Merit: 0

Quote from: Stilicho on December 07, 2018, 02:41:56 PM

Hi all,

Do you have any strategy how to recognize signals when market changes from bear to bull? I earned now some extra btc coins by selling on higher price and buying at lower. But i am weak to see when market is changing to grow. Usually i buy in not correct time and after while positive grow is turned back to fall. But how to know when the signal for grow is the correct one? I tried to use indicators but there is huge number of false signals and this did not help me anyway.

If you are trading, then there is nothing that will offer you 100% success that most are after. There are plenty of things that can create an edge and help, but if you are looking to trade and not just hold for long periods, then find an edge, accept small losses and look for big wins when they come (as you have said you have gotten in the past before they slipped away).

Zalura

newbie

Activity: 73

Merit: 0

Quote from: superstarbtc on December 10, 2018, 10:46:51 AM

in the crypto market, it is difficult to follow any signal it is advisable to buy and hold cryptocurrencies coins and sell when the coin in profit in bear market mostly no crypto signal wont work

every trade has guidelines in trade, maybe we can see the current situation in various countries, if there is a strong signal that there will be a lot of bitcoin demand from big countries, then the possibility of bitcoin going up is high, but if demand decreases we can predict that exchange rates bitcoin will decline, something like that can be predicted by looking at the policies of major countries towards bitcoin, whether there are significant changes or not.

cryptojac17

full member

Activity: 490

Merit: 107

Having blockfolio monitoring is a good ways to handle signals in order to be part of the good trading guides. It serves as our reference for future trading and hold those trusted coins and sell when it rises at good value.

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: LuvCyanide on December 19, 2018, 07:00:28 PM

To be able to see the right signals you need to understand the technical analysis. In 2 words it is difficult to tell about it. I took courses with a professional trader. That really helped me.

As long as you have enough knowledge on crypto trading,then recognizing correct trading signals is not that hard.Once the market is in long dump like we are facing at the moment,i believe it is not a good timing to trade because you will only end up making a little profit or worst,losing in the end.So focus more on the price chart and the daily movement of the crypto and not in fuds because it will only make you lose your investments.

kotajikikox

full member

Activity: 2408

Merit: 213

★Bitvest.io★ Play Plinko or Invest!

Quote from: Stilicho on December 07, 2018, 02:41:56 PM

Hi all,

Do you have any strategy how to recognize signals when market changes from bear to bull? I earned now some extra btc coins by selling on higher price and buying at lower. But i am weak to see when market is changing to grow. Usually i buy in not correct time and after while positive grow is turned back to fall. But how to know when the signal for grow is the correct one? I tried to use indicators but there is huge number of false signals and this did not help me anyway.

The secret and great strategy for trading job is giving a lot of time and focus the traget altcoins where to want to buy for possible increase their value at the coinmarketcap, do not depends your decision for the signals groups cryptocurrency is high volatility fluctuations that means high risk investment, signal group are very helpful but do not you need to analyst all possible ways avoid wring decisions.

LuvCyanide

member

Activity: 252

Merit: 11

Decentralized Digital Billboards

To be able to see the right signals you need to understand the technical analysis. In 2 words it is difficult to tell about it. I took courses with a professional trader. That really helped me.

Xardasim

sr. member

Activity: 1624

Merit: 250

Quote from: Stilicho on December 07, 2018, 02:41:56 PM

Hi all,

Do you have any strategy how to recognize signals when market changes from bear to bull? I earned now some extra btc coins by selling on higher price and buying at lower. But i am weak to see when market is changing to grow. Usually i buy in not correct time and after while positive grow is turned back to fall. But how to know when the signal for grow is the correct one? I tried to use indicators but there is huge number of false signals and this did not help me anyway.

It would be better for you to keep calm and wait. The signal given to you about the market can only be correct if you have a chance. Because there are not enough tools to perform fundamental or technical analysis. Only short term trades may be useful.

MFahad

hero member

Activity: 2478

Merit: 644

Eloncoin.org - Mars, here we come!

Quote from: Stilicho on December 07, 2018, 02:41:56 PM

Hi all,

Do you have any strategy how to recognize signals when market changes from bear to bull? I earned now some extra btc coins by selling on higher price and buying at lower. But i am weak to see when market is changing to grow. Usually i buy in not correct time and after while positive grow is turned back to fall. But how to know when the signal for grow is the correct one? I tried to use indicators but there is huge number of false signals and this did not help me anyway.

Its seems you are new in trading and willing to be perfect in this field. Although no one can tell exactly which is absolute high and bottom, but there are few indicators like RSI, Stock RSI, MCAD , Money flow and few others, if used with proper knowledge can give to good idea for the market next move.

GregH37

legendary

Activity: 1302

Merit: 1037

Quote from: BlueStackz on December 15, 2018, 03:02:20 AM

Quote from: DarkBullet on December 10, 2018, 12:08:14 PM

What I usually do to confirm this trading signal is by comparing their chart to other's chart at tradingview.com. I also analyzing the fundamental results or cryptocurrency news if it will be a bad or good news. There are some patterns to be recognized what will be the next color of candle will appear and honestly, there are different kinds of trading patterns so it will be pretty confusing specially if the fundamental results doesn't match on the technical results. The safest thing to do is to not to set too much expectation of return of investment.

Trading signals are a complicated subject when it comes to crypto currencies. There are many signals that work really well when it comes to forex trading but doesn't really work on crypto. Do you want to know the difference? Well in forex when something looks like it worths a look and buying that thing usually is good for buying, except for major political stuff (which is all the time in some countries) the price is as stable as it gets and we are talking about trillions of dollars.

When it comes to bitcoin though, even if it looks too good to buy and all signals tell you to get more of it, some crazy person like Craig come up and sell half a billion dollar worth of bitcoin in one day and you will sit there holding a bag of coins that worth less. Hence bitcoin is more volatile and risky. That's why trading signals even though are great day trading deals usually fail on long term.

But I believe there will be no need of having any extra knowledge only for the reason of trading crypto currencies. It means generating trading signals will not be a complicated one just due to the reason of crypto currency trading. It is very much similar to any other trading. But, we need in-depth knowledge about different trading signals and analysis so that we can develop our own trading strategy.

But, any signal may get failed due to randomly changing news. It is always good to avoid trading during the news hours. Because, we cannot expect all the all the traders are following fundamentals but they will listen to news and they will make decisions based on the outcome of news. That is the reason most of the time the technical analysis is going wrong.

With respect to bitcoin trading, trading signals sometimes make get failed due to the heavy manipulations by whales. When some big whale's are changing the directions of the markets, we cannot do anything with our technical analysis. But at the end of the day, only fundamental and technical analysis will win hence we should plan for long term rather than short-term trading.

wolfafladina

newbie

Activity: 22

Merit: 0

Quote from: Yamifoud on December 13, 2018, 07:00:24 PM

Quote from: Stilicho on December 07, 2018, 02:41:56 PM

Hi all,

Do you have any strategy how to recognize signals when market changes from bear to bull? I earned now some extra btc coins by selling on higher price and buying at lower. But i am weak to see when market is changing to grow. Usually i buy in not correct time and after while positive grow is turned back to fall. But how to know when the signal for grow is the correct one? I tried to use indicators but there is huge number of false signals and this did not help me anyway.

You better learn of what you have experience today. Listening to signals isn't providing any good to you, nor it will give you a way to have a good market strategy. You better play your trades without them by analyzing the market chart.

It is a good suggestion but for the expert traders and the new ones cannot get the market easily. They need the support and the training from the expert traders. They have to know about the experts from which they want to get the signals. Do not follow the anonymous signals only follow the well-known persons signals.

Cosbycoin

hero member

Activity: 980

Merit: 506

Quote from: Stilicho on December 07, 2018, 02:41:56 PM

Hi all,

Do you have any strategy how to recognize signals when market changes from bear to bull? I earned now some extra btc coins by selling on higher price and buying at lower. But i am weak to see when market is changing to grow. Usually i buy in not correct time and after while positive grow is turned back to fall. But how to know when the signal for grow is the correct one? I tried to use indicators but there is huge number of false signals and this did not help me anyway.

I don’t really know. Sometimes I feel like they are all fake. Most of the trading signals I have been seeing since I got into this are all fake. You put in your money and before you know it, it’s already a different story. Although I haven’t tried any paid signals before, but how do I know if they correct when the ones coming out for free are not even close to being accurate?. But I have seen a few of them that were accurate though.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: GrayFullbuster on December 15, 2018, 12:21:54 PM

You should be aware that there are many traders who losing their money because they are believing to the signals that they are seeing all over the internet. As a effective trader, we should not follow the trading signals that we are seeing in the internet.

Good to see that at least some members of this forum are still having a sane mind and reasoning to deal with fraud signals. Why would anyone share their insider news with anybody? They would use it for their own advantage only and keep the rest secret. Obviously these are scams and are preying on newbies who believe everything they see on the internet taking them for granted and sending their money to them.

Quote from: Kotone on December 16, 2018, 03:24:51 PM

Find the system that works for you. It's not just a winning combination that will be effective to everyone and if that would be the case many will use and if it's effective, how do you think it will look in the market for the same trade, it won't be that big of a profit or worse it will backfire. So it's really based on your testing and a whole lot of them to master a system that you can use to many trades.

This is not what we are talking about in this thread. Still TA is what we should be aware of but taken with a grain of salt. Not all the analysis should be used because a lot of it is baised based on the person doing it.

Kotone

hero member

Activity: 1372

Merit: 503

Quote from: Stilicho on December 07, 2018, 02:41:56 PM

Hi all,

Do you have any strategy how to recognize signals when market changes from bear to bull? I earned now some extra btc coins by selling on higher price and buying at lower. But i am weak to see when market is changing to grow. Usually i buy in not correct time and after while positive grow is turned back to fall. But how to know when the signal for grow is the correct one? I tried to use indicators but there is huge number of false signals and this did not help me anyway.

Find the system that works for you. It's not just a winning combination that will be effective to everyone and if that would be the case many will use and if it's effective, how do you think it will look in the market for the same trade, it won't be that big of a profit or worse it will backfire. So it's really based on your testing and a whole lot of them to master a system that you can use to many trades.

GrayFullbuster

full member

Activity: 658

Merit: 103

Quote from: Stilicho on December 07, 2018, 02:41:56 PM

Hi all,

Do you have any strategy how to recognize signals when market changes from bear to bull? I earned now some extra btc coins by selling on higher price and buying at lower. But i am weak to see when market is changing to grow. Usually i buy in not correct time and after while positive grow is turned back to fall. But how to know when the signal for grow is the correct one? I tried to use indicators but there is huge number of false signals and this did not help me anyway.

You should be aware that there are many traders who losing their money because they are believing to the signals that they are seeing all over the internet. As a effective trader, we should not follow the trading signals that we are seeing in the internet.

Babyrica0226

sr. member

Activity: 854

Merit: 252

In recognizing the correct trading signals is too hard to determine mate. Even no matter how many members will give a tips of advise about it,

you won't get understand so easily, it is much more better to explore it by your own experience in making trade when you do it in the actual

activity in the platform.

D3m1r4wanti

full member

Activity: 714

Merit: 102

the analysis has become a discussion that I read in this forum but actually I don't believe in an analysis that has no reason, which I know is a bear market and we all never know when a bull run market will occur.

BlueStackz

legendary

Activity: 1204

Merit: 1028

Quote from: DarkBullet on December 10, 2018, 12:08:14 PM

What I usually do to confirm this trading signal is by comparing their chart to other's chart at tradingview.com. I also analyzing the fundamental results or cryptocurrency news if it will be a bad or good news. There are some patterns to be recognized what will be the next color of candle will appear and honestly, there are different kinds of trading patterns so it will be pretty confusing specially if the fundamental results doesn't match on the technical results. The safest thing to do is to not to set too much expectation of return of investment.

Trading signals are a complicated subject when it comes to crypto currencies. There are many signals that work really well when it comes to forex trading but doesn't really work on crypto. Do you want to know the difference? Well in forex when something looks like it worths a look and buying that thing usually is good for buying, except for major political stuff (which is all the time in some countries) the price is as stable as it gets and we are talking about trillions of dollars.

When it comes to bitcoin though, even if it looks too good to buy and all signals tell you to get more of it, some crazy person like Craig come up and sell half a billion dollar worth of bitcoin in one day and you will sit there holding a bag of coins that worth less. Hence bitcoin is more volatile and risky. That's why trading signals even though are great day trading deals usually fail on long term.

nydiacaskey01

legendary

Activity: 1834

Merit: 1036

Quote from: Stilicho on December 07, 2018, 02:41:56 PM

Hi all,

Do you have any strategy how to recognize signals when market changes from bear to bull? I earned now some extra btc coins by selling on higher price and buying at lower. But i am weak to see when market is changing to grow. Usually i buy in not correct time and after while positive grow is turned back to fall. But how to know when the signal for grow is the correct one? I tried to use indicators but there is huge number of false signals and this did not help me anyway.

Parabolic SAR and Relative Strength Index or RSI will just give you an idea where the price is heading based the average according to the settings like hourly or every 15 minutes to 30 minutes but still it's not going to give you a precise signal that its time to Buy or Sell. It will depend on the market condition.

Topic: How to recognize correct trading signals? (Read 647 times)