I'm more of a long-term trader,
I stopped day trading because of the on-going unstable
market. would be back if the market recovers
Topic: What is your trading style? - page 3. (Read 708 times)
I recently started the scalping trading strategy,
and for my profit I am somewhat satisfied.
although I am not that pro, 5% gain is great for me.
and for my profit I am somewhat satisfied.
although I am not that pro, 5% gain is great for me.
indeed, with the current market situation, we must be able to play our brains to be able to continue to trade and must be able to find ways to continue trading as much as possible, and we make this a lesson for us to overcome and be able to take the road well, so we can still get profits.
My style it is - panic hamster )) Joke.
I don't use leverage, see on day candles and candles analytics also.
Like good simbol - "hammer" "morning star" when market turned around.
Support and resistence of course too, RSI and MACD.
I set orders beforehand, that in moment when I can make a mistake - i decide nothing.
The main thing - it is strategy.
I don't use leverage, see on day candles and candles analytics also.
Like good simbol - "hammer" "morning star" when market turned around.
Support and resistence of course too, RSI and MACD.
I set orders beforehand, that in moment when I can make a mistake - i decide nothing.
The main thing - it is strategy.
I can say that I am love too go where the little steps that will allow me not to fall very highly and painfully, but I am going step by step up, aggregating my alternative cryptocurrency portfolio.
if the trend is in my favor, everything goes as I expected then I choose trailing stop-loss because it secures my profits and also I can follow the trend for the long term. The ultimate goal of trading is to make profits as big as possible.
It would be interesting to know what your trading methods and style are? and how successful your strategy is?
I have been trading for less than a year. At the momement I mostly like to trade BTC and ETH due to the 5* leverage on Kraken.
Up until now, I have been trying to be a trend reversal trader. I mostly try and use RSI divergence on various timeframes (however prefer 4h), as well as using the MACD and the histogram as complimentary tools.
I also use EMA 12/26 (cradle zone , area between the two EMA's) as support and resistence, as price action frequently bounces of these averages.
I have been trading for less than a year. At the momement I mostly like to trade BTC and ETH due to the 5* leverage on Kraken.
Up until now, I have been trying to be a trend reversal trader. I mostly try and use RSI divergence on various timeframes (however prefer 4h), as well as using the MACD and the histogram as complimentary tools.
I also use EMA 12/26 (cradle zone , area between the two EMA's) as support and resistence, as price action frequently bounces of these averages.
My strategy is to buy low and sell high
Now seriously ... crypto market is too speculative and too shallow to trade on indicators because they are beeing destroyed by big investors or big speculats. After each indicator beeing destroyed by big investors makes small to fomo or panic. Thats where my trades appear. I buy panic and sell hope or short fomo and close at panic. I dont use indicators for that because they can be used only when market is "boring". It will give you few good trades and than 1 fail trade with exiting on panic (where i buy).
It would be interesting to know what your trading methods and style are? and how successful your strategy is?
I have been trading for less than a year. At the momement I mostly like to trade BTC and ETH due to the 5* leverage on Kraken.
Up until now, I have been trying to be a trend reversal trader. I mostly try and use RSI divergence on various timeframes (however prefer 4h) in undersold and oversold conditions, as well as using the MACD and the histogram as complimentary tools.
The histogram IMO is one of the earliest indicators for a change in trend that I know off.
I also use EMA 12/26 (cradle zone , area between the two EMA's) as support and resistence, as price action frequently bounces of these averages.
Over the last few months I have been trying to learn the breakout/breakdown Strategy. When the price becomes very very tight and within a narrow range it is usually followed by an explosive break up or down. Knowing the important suppport and resistence (for me i use the 4hr/daily) and then anticipating, if and when they get broken will very likely result in significant price movement in that direction following accordingly.
I lastly look at the Vwap and use it similar to the EMA's becuase many many traders use vwap too for entries and exits.
My trading style is just waiting for a perfect moment to enter and I can see it through charts and with matching news and updates about that certain coin.
I have been trading for less than a year. At the momement I mostly like to trade BTC and ETH due to the 5* leverage on Kraken.
Up until now, I have been trying to be a trend reversal trader. I mostly try and use RSI divergence on various timeframes (however prefer 4h) in undersold and oversold conditions, as well as using the MACD and the histogram as complimentary tools.
The histogram IMO is one of the earliest indicators for a change in trend that I know off.
I also use EMA 12/26 (cradle zone , area between the two EMA's) as support and resistence, as price action frequently bounces of these averages.
Over the last few months I have been trying to learn the breakout/breakdown Strategy. When the price becomes very very tight and within a narrow range it is usually followed by an explosive break up or down. Knowing the important suppport and resistence (for me i use the 4hr/daily) and then anticipating, if and when they get broken will very likely result in significant price movement in that direction following accordingly.
I lastly look at the Vwap and use it similar to the EMA's becuase many many traders use vwap too for entries and exits.
My trading style is just waiting for a perfect moment to enter and I can see it through charts and with matching news and updates about that certain coin.
I generally prefer Swing Trading Style and I use the strategy of Demand & Supply, I find it very effective. I have more interest in trading stocks although sometimes I go for options in Index. My strategy is quite simple, I follow the 1:3 Risk-Reward ratio.
It takes weeks for me to choose a particular stock, I do not take entry until and unless the price of a stock enters in the demand zone. Once the stock comes into demand zone wait for the reversal, I analyze it with the help of various indicators like Fibonacci, SMA, EMA etc.
I strictly follow stop loss cause many of the times I have seen the bad effects of not following discipline. Beginners who are opting for day trading must understand that if you will not follow the basic rules you will pay the cost for it. You can read about the trader characteristics in this day trading guide, it will help you to know what kind of attitude you must possess when you are trading.
Now, let's come to the exit as I already said that my trade continues till 2-3 days if somewhere between it triggers my stop-loss I choose to take exit cause it make me realize that the trend is not in my favor, it's better to get out. And If the trend is in my favor, everything goes as I expected then I choose trailing stop-loss as it secures my profit and also I can go along with the trend for long.
It takes weeks for me to choose a particular stock, I do not take entry until and unless the price of a stock enters in the demand zone. Once the stock comes into demand zone wait for the reversal, I analyze it with the help of various indicators like Fibonacci, SMA, EMA etc.
I strictly follow stop loss cause many of the times I have seen the bad effects of not following discipline. Beginners who are opting for day trading must understand that if you will not follow the basic rules you will pay the cost for it. You can read about the trader characteristics in this day trading guide, it will help you to know what kind of attitude you must possess when you are trading.
Now, let's come to the exit as I already said that my trade continues till 2-3 days if somewhere between it triggers my stop-loss I choose to take exit cause it make me realize that the trend is not in my favor, it's better to get out. And If the trend is in my favor, everything goes as I expected then I choose trailing stop-loss as it secures my profit and also I can go along with the trend for long.
It would be interesting to know what your trading methods and style are? and how successful your strategy is?
I have been trading for less than a year. At the momement I mostly like to trade BTC and ETH due to the 5* leverage on Kraken.
Up until now, I have been trying to be a trend reversal trader. I mostly try and use RSI divergence on various timeframes (however prefer 4h) in undersold and oversold conditions, as well as using the MACD and the histogram as complimentary tools.
The histogram IMO is one of the earliest indicators for a change in trend that I know off.
I also use EMA 12/26 (cradle zone , area between the two EMA's) as support and resistence, as price action frequently bounces of these averages.
Over the last few months I have been trying to learn the breakout/breakdown Strategy. When the price becomes very very tight and within a narrow range it is usually followed by an explosive break up or down. Knowing the important suppport and resistence (for me i use the 4hr/daily) and then anticipating, if and when they get broken will very likely result in significant price movement in that direction following accordingly.
I lastly look at the Vwap and use it similar to the EMA's becuase many many traders use vwap too for entries and exits.
For me is a short term because I know if you are make it long the value of your coin will be low . that's why I want a short term because is it profitable way and this is my style . I have been trading for less than a year. At the momement I mostly like to trade BTC and ETH due to the 5* leverage on Kraken.
Up until now, I have been trying to be a trend reversal trader. I mostly try and use RSI divergence on various timeframes (however prefer 4h) in undersold and oversold conditions, as well as using the MACD and the histogram as complimentary tools.
The histogram IMO is one of the earliest indicators for a change in trend that I know off.
I also use EMA 12/26 (cradle zone , area between the two EMA's) as support and resistence, as price action frequently bounces of these averages.
Over the last few months I have been trying to learn the breakout/breakdown Strategy. When the price becomes very very tight and within a narrow range it is usually followed by an explosive break up or down. Knowing the important suppport and resistence (for me i use the 4hr/daily) and then anticipating, if and when they get broken will very likely result in significant price movement in that direction following accordingly.
I lastly look at the Vwap and use it similar to the EMA's becuase many many traders use vwap too for entries and exits.
It would be interesting to know what your trading methods and style are? and how successful your strategy is?
I have been trading for less than a year. At the momement I mostly like to trade BTC and ETH due to the 5* leverage on Kraken.
Up until now, I have been trying to be a trend reversal trader. I mostly try and use RSI divergence on various timeframes (however prefer 4h) in undersold and oversold conditions, as well as using the MACD and the histogram as complimentary tools.
The histogram IMO is one of the earliest indicators for a change in trend that I know off.
I also use EMA 12/26 (cradle zone , area between the two EMA's) as support and resistence, as price action frequently bounces of these averages.
Over the last few months I have been trying to learn the breakout/breakdown Strategy. When the price becomes very very tight and within a narrow range it is usually followed by an explosive break up or down. Knowing the important suppport and resistence (for me i use the 4hr/daily) and then anticipating, if and when they get broken will very likely result in significant price movement in that direction following accordingly.
I lastly look at the Vwap and use it similar to the EMA's becuase many many traders use vwap too for entries and exits.
For me is a long term trade will you will wait until the price low then you buy and wait the price high to sell your coins . this is my strategy or style for trading I have been trading for less than a year. At the momement I mostly like to trade BTC and ETH due to the 5* leverage on Kraken.
Up until now, I have been trying to be a trend reversal trader. I mostly try and use RSI divergence on various timeframes (however prefer 4h) in undersold and oversold conditions, as well as using the MACD and the histogram as complimentary tools.
The histogram IMO is one of the earliest indicators for a change in trend that I know off.
I also use EMA 12/26 (cradle zone , area between the two EMA's) as support and resistence, as price action frequently bounces of these averages.
Over the last few months I have been trying to learn the breakout/breakdown Strategy. When the price becomes very very tight and within a narrow range it is usually followed by an explosive break up or down. Knowing the important suppport and resistence (for me i use the 4hr/daily) and then anticipating, if and when they get broken will very likely result in significant price movement in that direction following accordingly.
I lastly look at the Vwap and use it similar to the EMA's becuase many many traders use vwap too for entries and exits.
the style of trading that I did only took advantage of the situation, when the cryptocurrency price fell, I would buy it as much as I could, so you wouldn't buy it when the price was high because it would risk being stuck at a very expensive price.
I often technical analysis, what related to the use of indicators and price model to determine the future direction of price movement. Technical analysis is usually used for day trading or swing trading.
I think you are a strategic investor and learning charts, EMA too sure. I also try to think and analyze the market trend but elusive situation when many events occur.
I often technical analysis, what related to the use of indicators and price model to determine the future direction of price movement. Technical analysis is usually used for day trading or swing trading.
I tend to daytrade some of my coins for various reasons. However most of my portoflio stays locked on my wallets and is waiting for bull market. It's not a good time to sell.
With just MA, MACD and RSI indicator, I have my solid strategy set up. Usually, I am a fan of swing trading and I trade the 4hr chart mostly while using the lower time frame to take a look at price action in some point, with the chances of a pull back to make faster decisions.
My set up mostly though is that, using the MA20 and 50, I buy a market when the candle closes above those 2 moving averages with a stop loss below the 2 moving averages. Also, I sell when the price closes below the 2 moving averages, which indicates the possibility of a pull back, with a stop loss above them as well.
Nevertheless, this set up is never complete without using MACD and RSI to check the conditions of the market if it actually favors the decision. One thing is you will have some little loss but they are minimal, compared to the profit you end up making in the long run from this set up. Trade this without any form of emotions while sticking to it, and you will be surprised at how it makes sense.
The thing though with people is that they tend to try different strategies and they end up messing things up. Have a particular strategy, trade it for a while to see if it pleases you and then gain confidence as time goes on in your decision which is normal once you start seeing your folio growing but most newbies just keep wanting to try it all at the same time.
I can absolutely relate with this. I have been a big time user of moving averages for my trade and knowing the nature of my job it makes it easy to just set alerts above these two MAs in the cases of a downtrend to know when you should be getting in and the same thing goes for when you should be getting out. One issue is that it is a lagging indicator same as most other indicators, which would always require some experience to use, but with swings like this, it makes it easy. Good strategy you have there except that it is more effective for 4hrs time frame above and for those looking to trade trends instead of trying to pick bottoms. My set up mostly though is that, using the MA20 and 50, I buy a market when the candle closes above those 2 moving averages with a stop loss below the 2 moving averages. Also, I sell when the price closes below the 2 moving averages, which indicates the possibility of a pull back, with a stop loss above them as well.
Nevertheless, this set up is never complete without using MACD and RSI to check the conditions of the market if it actually favors the decision. One thing is you will have some little loss but they are minimal, compared to the profit you end up making in the long run from this set up. Trade this without any form of emotions while sticking to it, and you will be surprised at how it makes sense.
The thing though with people is that they tend to try different strategies and they end up messing things up. Have a particular strategy, trade it for a while to see if it pleases you and then gain confidence as time goes on in your decision which is normal once you start seeing your folio growing but most newbies just keep wanting to try it all at the same time.
as i m a new member.i observe the market everytimes.sometimes price is higher again sometimes it goes below my expectation thats why i observe it daily every moment
Just daily trading..I don't like to hold bitcoin and Ethereum. I buy bitcoin at low prices and sell it simply high price.
Buy in a low price and sell it in a high price so that you can earn a profit. In trading, you need to be a wise person. Specially your patient. If you can't use your knowledge, don't expect to earn more profit.
At the moment, I think that it is necessary to conduct market research and only then take decisions concerning trading. I prefer the long-term holding strategy but I am thinking about the everyday trade as well
If you still have other income it's certainly not a matter of holding strategy, but some users use trading for the main income, where holding for long time is not an option, every trader has his own style and I'm the one who always makes the best of the opportunity, when the price goes up I will definitely use that, not wait and waste chance Jump to: