HAVE you tried daily trading using SMA

[amaral1977]

i don't understnd how to read candle stick, just watch this thread hoper get something for learn.

The candle stick is easy. shows the price range from opening to close of a given time frame. Can have candle sticks of 1 min , 5 min, 15 min 1 day what ever.
If the price goes up during the period, eg. the opening price is lower than the closing the candlestick is green if the rice goes down in that period eg the opening is higher than the closing of the candlestick the colour is red.

[1715694729]

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[1715694729]

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[1715694729]

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[juri543]

i don't understnd how to read candle stick, just watch this thread hoper get something for learn.

Hi have a look of this URL: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_averages where SMA200 is explained. Here the candles pattern doesnt play such a important role, you follow just a the things:

1. Where the price of BTC/USD is
2. Where SMA100 is
3. Where SMA200 is

[juri543]

Two BUY BTC has been done> https://www.yogile.com/t2hpjmn4#21t overall effect is breakeven or it would be similiar tha i would initially just buy and hold. I guess with this situation would be better the "buy and hold" because you would not need to sit behind the charts. Downside of "buy and hold" is you are exposed to risk of declining BTC against the USD which you can manage proactive with this strategy.

I am sharing a one strategy for stress free day trading

Chart Timframe
1.   1min candlestick charts

Indicators
2.   Simple Moving Avarage 100
3.   Simple Moving Avarage 200

Entry/Exit
•   Buy BTC - when BTC price is above SMA100, and SMA100 is above SMA200
•    Exit BTC and hold fiat  - when BTC price is below SMA100 and half way to SMA200
Check a photo of entry exit here> https://www.yogile.com/e0ltxqb5#21t

I request all of you to try and share your results regardless positive or negative, here is why
•   Traders will be motivated when they see your positive results
•   Traders will stay away if they see your negative results
You may try this strategy on old charts, Good luck!


Disclaimer : USE OF THIS THREAD/SUGGESTIONS AT YOUR OWN DISCRETION AND RISK AND YOU WILL BE SOLELY RESPONSIBLE FOR ANY LOSS!

[Slow death]

Downside of "buy and hold" is you are exposed to risk of declining BTC against the USD...

I agree

Check a photo of entry exit here> https://www.yogile.com/e0ltxqb5#21t

The link is not working. You can send me the photo by PM, I want to analyze this strategy, I've already seen someone using a strategy similar to this one.

[thewanderer_23]

Tnx for the tips. Newbie here:)