BUT: TP hit from that BtcUsd sell. And the Bull Area at the bottom did also work! I am rally amazed and happy. I did not trade any of things mentioned above. So far this is only a documentation and I thought maybe someone else will join it. Well... I think I will pause the updates for a couple days, and think of a way, on how to put this all together into a complete trading strategy. In case anyone wants go get involved, fell free to answer here 
Topic: Let us all together develop a Price Action Trading System for Bitcoin (Read 793 times)
June 10, 2021, 05:38:10 AM
Its been a day or two now BUT: TP hit from that BtcUsd sell. And the Bull Area at the bottom did also work! I am rally amazed and happy. I did not trade any of things mentioned above. So far this is only a documentation and I thought maybe someone else will join it. Well... I think I will pause the updates for a couple days, and think of a way, on how to put this all together into a complete trading strategy. In case anyone wants go get involved, fell free to answer here
BUT: TP hit from that BtcUsd sell. And the Bull Area at the bottom did also work! I am rally amazed and happy. I did not trade any of things mentioned above. So far this is only a documentation and I thought maybe someone else will join it. Well... I think I will pause the updates for a couple days, and think of a way, on how to put this all together into a complete trading strategy. In case anyone wants go get involved, fell free to answer here June 08, 2021, 05:08:00 AM
Seems not many people follow your post. I think you may try publishing your trading activities/Open positions on top of your TA to gain more audience.
The H4 trade would still be active, and not been in the SL by now. Also the H4 Bear Territory is still alive, so nothing changes at the moment.
Wow, I did not think that this BtcUsd trade could make it, but its very close!
So, if this Bull Area will break, I will see it as confirmation that the Bears are still in control, and basically wait for the next bear area to then look for further sells. Until then, more sideline for me.
June 07, 2021, 03:57:55 AM
now, there was one H4 area that triggered a trade, and was broken after that trade. in theory I should be aiming for longs from here, but am having a though time doing so, as the prev LH has never been broken. So for now, I am at the sideline and only observing and trying to find a way, how to deal with a situation like the current one
So for now... Buys and sells would bkind of make sense, but I dont like this situation. Gotta come up with an rule for this... Thank you BtcUsd, for teaching me a lesson!
So for now... Buys and sells would bkind of make sense, but I dont like this situation. Gotta come up with an rule for this... Thank you BtcUsd, for teaching me a lesson!
June 02, 2021, 03:21:49 AM
BTCBTCBTC Update: Current theoretical RR is 7,63+1.42= 9,5 R BTCBTCBTC
June 02, 2021, 03:20:09 AM
Wow... Not much to say here, other than: Impressive! Added another 1,42 R to the upside with a trade that was planned and even posted here prior to triggering:
BTCUSD I heart U!
BTCUSD I heart U!
June 01, 2021, 04:45:46 AM
The current trade in BtcUsd is still running, the H4 Bear territory has not been broken, so in the M30 I am looking for sells only. And only if they are according to the rules.
Lets look at the M30:
I am patiently waiting if I get an entry here
Lets look at the M30:
I am patiently waiting if I get an entry here
May 31, 2021, 07:47:10 AM
May 31, 2021, 07:42:24 AM
BOOM what a weekend?! BTC $$$
But... lets go back a few steps!
The Setup I posted, for M30 did not trigger, and was destroyed. However, I marked up the next Sell area, right above that one, and there was a trade triggered there. There were more options, one SL and one would be running, or should have been closed at BE, to be honest.
So there was one trade with +2,75 another one with -1 and then another one, me personally would have closed at BE after being in profit and nearly hit TP. Sums up to +1,75 RR over the weekend with 3 trades. lets add the 5.88 RR from before and we have some nice 7,63 RR and one H4 trade would still be running
But... lets go back a few steps!
The Setup I posted, for M30 did not trigger, and was destroyed. However, I marked up the next Sell area, right above that one, and there was a trade triggered there. There were more options, one SL and one would be running, or should have been closed at BE, to be honest.
So there was one trade with +2,75 another one with -1 and then another one, me personally would have closed at BE after being in profit and nearly hit TP. Sums up to +1,75 RR over the weekend with 3 trades. lets add the 5.88 RR from before and we have some nice 7,63 RR and one H4 trade would still be running
May 27, 2021, 04:49:38 AM
Seems not many people follow your post. I think you may try publishing your trading activities/Open positions on top of your TA to gain more audience.
Thank you for your hint! I prefer to keep it structured though, so everyone who is interested can clearly see what I do, and where it comes from. I might put the RRs in the first blog, that is a good idea. But this thread is not about the RR, more about the approach. The journey, if you want.The BtcUsd M30 could have given another entry, but as I did not mention it earlier, I am not taking it into account here. I prefer to present what I have done, not what I could have done, if this or that... There are others out there, providing this kind of "service".
The H4 trade would still be active, and not been in the SL by now. Also the H4 Bear Territory is still alive, so nothing changes at the moment.
As the H4 level has still not been broken, my bias is still short. What results in a possible short trade, IF the current M30 level will not be broken, but instead price closes below:
One could even aim for the H4 target, but that is a different kind of thing.
May 27, 2021, 01:35:24 AM
Seems not many people follow your post. I think you may try publishing your trading activities/Open positions on top of your TA to gain more audience.
May 26, 2021, 03:50:44 AM
Wow, BtcUsd does something unexpected, and rises for now 
Well... we all knew this will be the case at some point The H4 Trade I posted yesderday, would be half way to its SL, the M30 would have hit that SL already.
Or, speaking in pictures:
H4:
(does anyone else see that inverted HS?)
And M30:
So, the RRs have changed to: 5.88 in the moment. that is all theoretically speaking! Please dont trade that, by now. There is not enough data to be sure this kind of thing works!
Well... we all knew this will be the case at some point The H4 Trade I posted yesderday, would be half way to its SL, the M30 would have hit that SL already.Or, speaking in pictures:
H4:
(does anyone else see that inverted HS?)
And M30:
So, the RRs have changed to: 5.88 in the moment. that is all theoretically speaking! Please dont trade that, by now. There is not enough data to be sure this kind of thing works!
May 25, 2021, 04:23:47 AM
Okay boys and girls, I was a little less active, due to private circumstances. Lets see the latest developments in BtcUsd here From the basics, I am still bearish, as there was no H4 bear area broken, what means, I should be looking for sells only, atm. Also, last night there was an entry triggered, in the H4 chart, looking like this:
(her's a link in case the pic does not work: https://s3.tradingview.com/snapshots/p/PRBC5weG.png)
And as the H4 was triggered, I am also looking for more sells in the M30 now:
and as link https://s3.tradingview.com/snapshots/p/pdzPfEHf.png
From the basics, I am still bearish, as there was no H4 bear area broken, what means, I should be looking for sells only, atm. Also, last night there was an entry triggered, in the H4 chart, looking like this:(her's a link in case the pic does not work: https://s3.tradingview.com/snapshots/p/PRBC5weG.png)
And as the H4 was triggered, I am also looking for more sells in the M30 now:
and as link https://s3.tradingview.com/snapshots/p/pdzPfEHf.png
May 20, 2021, 05:33:47 AM
I gotta say... If I would have been in that btcusd Trade, and if I would have left a runner... So many if's there...
Anyway, lets keep looking at facts: with whatever it is I am doing there, the past few days were very good trades! I did not take any of them, as I am still checking the performance. Unitl now, I love it! I would have another Sell Entry just a few hours ago, find it in the pic below:
I gotta Add, the SL should be above 41154 I did that wrong on that Screenshot.
Jus for the record, I am at a win of 6.88 RR atm, in theory.
Happy Pips then!
So many if's there...Anyway, lets keep looking at facts: with whatever it is I am doing there, the past few days were very good trades! I did not take any of them, as I am still checking the performance. Unitl now, I love it! I would have another Sell Entry just a few hours ago, find it in the pic below:
I gotta Add, the SL should be above 41154 I did that wrong on that Screenshot.
Jus for the record, I am at a win of 6.88 RR atm, in theory.
Happy Pips then!
May 19, 2021, 05:28:23 AM
I gotta say, the more I observe this whole thing, the more I fall in love with it on BtcUsd! There are times, where there are barely trades. and then there is the last couple days. We can add some more to yesterdays 4,3 RR ;-) There was another sell win, with a 1.58 RR and another 1RR is running atm, so we have banked 5,88RR in theory, and will end with either 6,88 RR or 4,88 RR. Both are good results, imho.
May 18, 2021, 09:40:26 AM
another 2 RR added from this trade:
Lets sum it up again:
we have +4,3 R so far from that last H4 bear territory. Not to bad, I guess. Not the best, but 4R can be a lot, depending on your Risk appetite. Maybe I will start a more detailed list or anything, to keep the record more clean.
Me personally, I like that way of "slow" trading. As long as it is constantly profitable, it can grow healthy. and that is what it is all about.
Lets sum it up again:
we have +4,3 R so far from that last H4 bear territory. Not to bad, I guess. Not the best, but 4R can be a lot, depending on your Risk appetite. Maybe I will start a more detailed list or anything, to keep the record more clean.
Me personally, I like that way of "slow" trading. As long as it is constantly profitable, it can grow healthy. and that is what it is all about.
May 18, 2021, 05:37:41 AM
So, coming from yesterday, we are still in a downtrend, until that H4 Bear Territory is broken. That means, in the M30 I am looking for sells only. There was one trade yesterday, and anotherone right now. lets see what BtcUsd is up to...
May 18, 2021, 05:22:41 AM
Theres no absolute rules, they already have computers tracking and trying these methods constantly anyway as it requires alot of time and effort watching invested to pay off. I would first suggest people go use Tone Vays chart software which gives a clear red or green arrow at turning point, that does cost 1000 to gain entry though.
So you are saying "Buy an indicator and get rich"? Or did I miss something? Well... What is "requiring a lot of effort and watching" for you, is "relaxed trading, using alerts" for me. Its always a matter of perspective. I will check out that charting software though. There is always something, one can learn. And not even looking at something, would be very ignorant, so I will check it out 
May 17, 2021, 06:37:50 AM
Theres no absolute rules, they already have computers tracking and trying these methods constantly anyway as it requires alot of time and effort watching invested to pay off. I would first suggest people go use Tone Vays chart software which gives a clear red or green arrow at turning point, that does cost 1000 to gain entry though.
May 17, 2021, 06:29:07 AM
So, lets see what BTCUSD did over the weekend It seems that this Trend-Based strategy really gives good entries, at least at times. That is the main issue for me: The number of entries. Few entries only but most of them are good. And if there is a confirmation in the H4, its worth to wait for the M30 trade, for a higher probability. Best is, to be in both, the H4 and the M30 trade(s), to make the most of it.
The bull area from the H4 did not succeed, as price is in a downtrend, it makes more sense to look for sells anyways. This is what happened, and this tought me a lesson. As long as Bear Territorys are respected, the trend is down, and therefore the bull Territorys are only there to be observed, not to be traded (Trade what yo see, not what you think).
H4:
And then the options the market gave in the M30, only looking at sell options:
this time, there wer only 2 trades, 1 win 1 loss, in total +1 R what is... okay... not good for the amount that BtcUsd moved, but it were safe options. then there was that H4 Trade, with 2,29 RR what was good, so in total around 3.3 RR for 3 trades. Could have been worse, tbh. Could have been better as well...
It seems that this Trend-Based strategy really gives good entries, at least at times. That is the main issue for me: The number of entries. Few entries only but most of them are good. And if there is a confirmation in the H4, its worth to wait for the M30 trade, for a higher probability. Best is, to be in both, the H4 and the M30 trade(s), to make the most of it.The bull area from the H4 did not succeed, as price is in a downtrend, it makes more sense to look for sells anyways. This is what happened, and this tought me a lesson. As long as Bear Territorys are respected, the trend is down, and therefore the bull Territorys are only there to be observed, not to be traded (Trade what yo see, not what you think).
H4:
And then the options the market gave in the M30, only looking at sell options:
this time, there wer only 2 trades, 1 win 1 loss, in total +1 R what is... okay... not good for the amount that BtcUsd moved, but it were safe options. then there was that H4 Trade, with 2,29 RR what was good, so in total around 3.3 RR for 3 trades. Could have been worse, tbh. Could have been better as well...
May 14, 2021, 03:19:59 AM
BTCUSD Price no did something really unpleasent and formed a Bear area on top of a bull area. As it broke the prev bull area, my bias is bearish, but right now, with 2 areas on each other like this... I am staying away from it, in order to protect my capital.
Jump to: