simple trading strategy

[lushlife]

Good day everyone, since I have some free time, I will share my trading strategy and I will try to explain it in the simplest way
so to cut the chase,

Trading Indicators to use:
Bollinger Bands
Stochastic RSI
MACD (optional)
source: www.investopedia.com

So how? First, you'll need to understand basic psychology of the three indicators mentioned above.

Buy signal: when the price reaches a support and stochastic RSI crossover
For example: https://imgur.com/a/ODiSrfN

Sell signal: when the price reaches a resistance and stochastic RSI cross over
For example: https://imgur.com/a/tGVrbXw

And make sure to use MACD for signal reinforcement

[1715587897]

1715587897

[binhvo1505]

 That's a really simple strategy. But I do not think it will work well and bring much profit to me. I really do not understand what is going on on the image. Can you explain in more detail for me?

[sedahan13]

All indicator possible given false signal so make sure use stop loss. To trade by technical analysis is also we can learn about price pattern. Knowledge about risk management trading plan is needed in trading to avoid loss from wrong prediction and to minimize risk.

[bennypagulayan]

That's a really simple strategy. But I do not think it will work well and bring much profit to me. I really do not understand what is going on on the image. Can you explain in more detail for me?

Everybody has their own strategy, and we can not imitate them when they become habits, but I think we keep learning so much and practice what the results look like, if that's right the good luck for us.

[tsutiy]

Good day everyone, since I have some free time, I will share my trading strategy and I will try to explain it in the simplest way
so to cut the chase,

Trading Indicators to use:
Bollinger Bands
Stochastic RSI
MACD (optional)
source: www.investopedia.com

So how? First, you'll need to understand basic psychology of the three indicators mentioned above.

Buy signal: when the price reaches a support and stochastic RSI crossover
For example: https://imgur.com/a/ODiSrfN

Sell signal: when the price reaches a resistance and stochastic RSI cross over
For example: https://imgur.com/a/tGVrbXw

And make sure to use MACD for signal reinforcement

I prefer classic candlestick analysis. It works with levels nicely on fiat, but in crypto may fail sometimes. however, it makes me move forward everytime.

[tsutiy]

All indicator possible given false signal so make sure use stop loss. To trade by technical analysis is also we can learn about price pattern. Knowledge about risk management trading plan is needed in trading to avoid loss from wrong prediction and to minimize risk.

The best thing I think is to know how to calculate your risks and apply them carefully into your strategy.