I'm A Professional Trader, Here's My Strategy

[Maxpips]

You have a great outview and expertise in regards to trading,thats why you can elaborate even small details on how we can profit
Hoping that you will continue sharing your knowledge and strategies in future,ti must admit that this is helpful even in not so new here
What i see a problem is your sent photos since you are a jr.member it seems like you are not allowed to share some unless you are a copper member.try to figure it out for best results of sharing

Thanks siren, happy to help.

I'm not sure what you mean with posting images, I thought you could post  as a Jn Memeber?

It even says it here....

https://bitcointalk.org/index.php?topic=1172918.0

Am I missing something?

[jostorres]

Hello All,

In this thread I'm going to detail how I trade Cryptocurrency.

I've been trading Crypto for the past 6 months with pretty decent results.

The strategy I use is based on a culmination of different techniques and knowledge I picked up in my time trading the Forex market, which is what I traded before moving to Crypto at the beginning of the year. 

There are two parts to the strategy.....

The first part is what I use when the a large rise/bull run is taking place - (you can learn how to use this on my site - see below)

And the second part is what I use when the market is slow or ranging/consolidating.

My strategy is simple to trade but requires some explaining, so I'll be posting pics and doing analysis of different trades to help you understand why I took a trade and what you can do to begin doing the same.

Lets get to it.

P.S I've also started a website that has free information on Cryptocurrency trading.

https://www.cryptotradingschoolonline.com/

It's a new site, so there's only a few articles and things on there at the moment, but I'll be adding more articles to it in the near future, including ones that go into more detail on the techniques you'll see me use in this thread, so keep an eye open for them.

Also, if you have any questions you can ask me on the thread or email me at liamcrypto123@hotmail.com

I am pretty impressed with what you are doing, which is basically what this forum should be used for when it comes to sharing of knowledge. You really have some straight to the point article on your website, and even with it being new, it looks pretty professional to me and I am sure will really go a long way, but basically the best thing about it all is the idea and knowledge you are sharing and great kudos to you, I must say. I will be looking forward to see what you will have to share, but so far, with what you have shared with BTC and ETH chart, i will say you really do have a cut out strategy and that is good.

[Maxpips]

Thanks for your kind words, Jostorrest.

Here's my Etherium analysis.....

Etherium Update.......

Like Bitcoin, Etherium also fell last night after it reached the source of the drop that took place on the 29th October.



The price is currently rising back towards the source of the drop (top blue area), and I think we could see it reach this either this afternoon or sometime tonight. 

If the price does reach the source expect to see a drop either to the bottom blue area or to an area around 200.00 price level - the price hasn't risen enough for this area to form yet, which is why haven't marked it on the chart.

For now, continue to watch the bottom blue area for signs of a reversal.

[Insanerman]

OMG! I thought I would never ever find some good read here. I see a lot shitposts, questions that has been repeatedly asked, as well as repeated answers in the thread. Thank you for sharing your knowledge. I am still at a grasping stage of learning and doing crypto trades, this will help me a lot especially for the newbies out there.

I am expecting some more. lol. Unfortunately, I want to give some token of appreciatin but currently I don't have one.

[Bitcoinnation]

Strategy is very helpful to avoid losing money and newbie is really needed this. But not all the strategy that gives of others are really useful it depends on the situatuion when you will use it always be careful of getting startegy and better if you review first before you apply.

Ofcourse he is giving a Guide on how one can trade in this kind of market situatiomn without waiting for a full bullish mode which could take months. These are just giuidelines not financial advice.

That said, i would love to appreciate OP's initiative and the time he took to create this thread. I surely feel much better now with the extra knowledge i have gt from your explainations... Cheers

[thunderbitz2717]

Hello All,

In this thread I'm going to detail how I trade Cryptocurrency.

I've been trading Crypto for the past 6 months with pretty decent results.

The strategy I use is based on a culmination of different techniques and knowledge I picked up in my time trading the Forex market, which is what I traded before moving to Crypto at the beginning of the year. 

There are two parts to the strategy.....

The first part is what I use when the a large rise/bull run is taking place - (you can learn how to use this on my site - see below)

And the second part is what I use when the market is slow or ranging/consolidating.

My strategy is simple to trade but requires some explaining, so I'll be posting pics and doing analysis of different trades to help you understand why I took a trade and what you can do to begin doing the same.

Lets get to it.

P.S I've also started a website that has free information on Cryptocurrency trading.

https://www.cryptotradingschoolonline.com/

It's a new site, so there's only a few articles and things on there at the moment, but I'll be adding more articles to it in the near future, including ones that go into more detail on the techniques you'll see me use in this thread, so keep an eye open for them.

Also, if you have any questions you can ask me on the thread or email me at liamcrypto123@hotmail.com

You have a good concern to your co- traders in this business industry, and its really appreciated for us that you shared this things dude.
But there are other things in the platform which are uncontrollable even we know how to read in the chart, which means most of the time the indicators is just a crazy things that are not accurate to read it. Therefore, not all all in the chart are necessary to depend on it but it should be depend on the actual case while in the platform.

[Ranly123]

Hello All,

In this thread I'm going to detail how I trade Cryptocurrency.

I've been trading Crypto for the past 6 months with pretty decent results.

The strategy I use is based on a culmination of different techniques and knowledge I picked up in my time trading the Forex market, which is what I traded before moving to Crypto at the beginning of the year. 

There are two parts to the strategy.....

The first part is what I use when the a large rise/bull run is taking place - (you can learn how to use this on my site - see below)

And the second part is what I use when the market is slow or ranging/consolidating.

My strategy is simple to trade but requires some explaining, so I'll be posting pics and doing analysis of different trades to help you understand why I took a trade and what you can do to begin doing the same.

Lets get to it.

P.S I've also started a website that has free information on Cryptocurrency trading.

https://www.cryptotradingschoolonline.com/

It's a new site, so there's only a few articles and things on there at the moment, but I'll be adding more articles to it in the near future, including ones that go into more detail on the techniques you'll see me use in this thread, so keep an eye open for them.

Also, if you have any questions you can ask me on the thread or email me at liamcrypto123@hotmail.com

You doing great man. You really know how to trade but don't exaggerate yourself too much. You said you have been a trader for six months, so I don't believe you are a professional already in that span. Maybe you have learned a lot but it does not mean you are a professional already.

[Maxpips]

Hello All,

In this thread I'm going to detail how I trade Cryptocurrency.

I've been trading Crypto for the past 6 months with pretty decent results.

The strategy I use is based on a culmination of different techniques and knowledge I picked up in my time trading the Forex market, which is what I traded before moving to Crypto at the beginning of the year.

There are two parts to the strategy.....

The first part is what I use when the a large rise/bull run is taking place - (you can learn how to use this on my site - see below)

And the second part is what I use when the market is slow or ranging/consolidating.

My strategy is simple to trade but requires some explaining, so I'll be posting pics and doing analysis of different trades to help you understand why I took a trade and what you can do to begin doing the same.

Lets get to it.

P.S I've also started a website that has free information on Cryptocurrency trading.

https://www.cryptotradingschoolonline.com/

It's a new site, so there's only a few articles and things on there at the moment, but I'll be adding more articles to it in the near future, including ones that go into more detail on the techniques you'll see me use in this thread, so keep an eye open for them.

Also, if you have any questions you can ask me on the thread or email me at liamcrypto123@hotmail.com

You doing great man. You really know how to trade but don't exaggerate yourself too much. You said you have been a trader for six months, so I don't believe you are a professional already in that span. Maybe you have learned a lot but it does not mean you are a professional already.

Thanks Ranly.

I said I only traded Crypto for the past 6 months. I traded the Forex market for 5 years before that and also dabbled in stocks from time to time, that's why I said I'm a professional, since I've been doing this for quite a while - not sure if you missed that.

OMG! I thought I would never ever find some good read here. I see a lot shitposts, questions that has been repeatedly asked, as well as repeated answers in the thread. Thank you for sharing your knowledge. I am still at a grasping stage of learning and doing crypto trades, this will help me a lot especially for the newbies out there.

I am expecting some more. lol. Unfortunately, I want to give some token of appreciatin but currently I don't have one.

Haha, don't worry about it Insanerman.

Lots more information, tips and articles will be on this thread and the site in the coming weeks.

Is there anything specific you're having trouble with or don't know how to do?

Strategy is very helpful to avoid losing money and newbie is really needed this. But not all the strategy that gives of others are really useful it depends on the situatuion when you will use it always be careful of getting startegy and better if you review first before you apply.

Ofcourse he is giving a Guide on how one can trade in this kind of market situatiomn without waiting for a full bullish mode which could take months. These are just giuidelines not financial advice.

That said, i would love to appreciate OP's initiative and the time he took to create this thread. I surely feel much better now with the extra knowledge i have gt from your explainations... Cheers

Thanks Bitcoinnation.

I'll try to detail more of the buy area, sell area strategy over the coming weeks.

It's not the easiest strategy to understand, but I think I can probably explain it enough so that you can begin using it yourself.

Hello All,

In this thread I'm going to detail how I trade Cryptocurrency.

I've been trading Crypto for the past 6 months with pretty decent results.

The strategy I use is based on a culmination of different techniques and knowledge I picked up in my time trading the Forex market, which is what I traded before moving to Crypto at the beginning of the year.

There are two parts to the strategy.....

The first part is what I use when the a large rise/bull run is taking place - (you can learn how to use this on my site - see below)

And the second part is what I use when the market is slow or ranging/consolidating.

My strategy is simple to trade but requires some explaining, so I'll be posting pics and doing analysis of different trades to help you understand why I took a trade and what you can do to begin doing the same.

Lets get to it.

P.S I've also started a website that has free information on Cryptocurrency trading.

https://www.cryptotradingschoolonline.com/

It's a new site, so there's only a few articles and things on there at the moment, but I'll be adding more articles to it in the near future, including ones that go into more detail on the techniques you'll see me use in this thread, so keep an eye open for them.

Also, if you have any questions you can ask me on the thread or email me at liamcrypto123@hotmail.com

You have a good concern to your co- traders in this business industry, and its really appreciated for us that you shared this things dude.
But there are other things in the platform which are uncontrollable even we know how to read in the chart, which means most of the time the indicators is just a crazy things that are not accurate to read it. Therefore, not all all in the chart are necessary to depend on it but it should be depend on the actual case while in the platform.

That's true thunderblitz, there are lots of unpredictable things out of our control that can cause us to lose money. But the chart is the only factual source of information we have, so is the best tool we have for making money.



Quick BTC Update.....





Bitcoin has just fallen into a new buy area created by the rise that started an hour ago.

There's a high chance we could see the price move up to the green area from this new buy area.

I'm long from 6340 so will be looking to buy more at this area.

Keep an eye out for candlesticks with large one sided wicks and bullish candles with big bodies on the 5 minute timeframe, as they both signal an imminent reversal.

I'll update you again in a couple of hours.

[Pom_bensin]

the strategy that you share is good to run. but maybe for beginners need a simple strategy, maybe a low buy and high selling system can be one of the good things to do for newbies. I appreciate the strategy that you are running and it is useful.

[syamster]

OMG! I thought I would never ever find some good read here. I see a lot shitposts, questions that has been repeatedly asked, as well as repeated answers in the thread. Thank you for sharing your knowledge. I am still at a grasping stage of learning and doing crypto trades, this will help me a lot especially for the newbies out there.

I am expecting some more. lol. Unfortunately, I want to give some token of appreciatin but currently I don't have one.

Well mate this is not true I am not agree with you actually because there are alto of thing that I was not aware of long ago about trading but now it is very easy for me to do as I got good information by reading the they share, this forum is for us and we should try to gain knowledge about what we want to know, I am really satisfied with the stuff we are getting know here, thanks those who are increasing our skills and knowledge.

[mkmdoc]

the strategy that you share is good to run. but maybe for beginners need a simple strategy, maybe a low buy and high selling system can be one of the good things to do for newbies. I appreciate the strategy that you are running and it is useful.

See strategy will work only when they get some good experience towards the market because it is very easy to stay buy low and sell them at the high value. When it comes to reality it is impossible to predict the prices and which we can not able to do it fastly.

[cryptobull3]

Thank you for your work and your website but why didn't you just used steemit or medium to public your content?
You could get paid in steemit for them , and your website has some issues like , the "top post" in menu bar is empty which is not good for SEO .

[Maxpips]

the strategy that you share is good to run. but maybe for beginners need a simple strategy, maybe a low buy and high selling system can be one of the good things to do for newbies. I appreciate the strategy that you are running and it is useful.

Thanks Pom.

It's not easy to come up with a simple strategy, at least not for the current conditions. When the price is trending, like it was last year, loads of different strategies work, like the crossover on my site for instance. However, when it starts ranging like it has been for the past few months these strategies stop working, so you have to use other strategies, and these are usually a lot more complicated than the ones you use for trending markets.

I'll have a think anyway, see if I can come up with an easier strategy for beginners.

Thank you for your work and your website but why didn't you just used steemit or medium to public your content?
You could get paid in steemit for them , and your website has some issues like , the "top post" in menu bar is empty which is not good for SEO .

To be honest, I never knew steemit pay people to post. I thought people just posted because they wanted to, didn't realize some were being paid for it. Even so, I'd rather have own my site where I can post and control the content than post on something like medium or steemit. Plus, you can do a lot more on your own site than you can posting on someone else's.

I didn't know that not having post under "top post" affects seo. I'll go and put one under it now.

Do you know a lot about Seo, I could use some help with it?

BTC Update......

A couple of hours ago Bitcoin dropped into the area I said may cause the price to reverse in my previous post.



As you can see, the price didn't reverse at the area. Instead it dropped through, reversed for 30 mins, then reversed again, and is now falling towards the buy area I marked earlier.

This buy area is the new point you need to watch for a reversal.

I'm not sure if the area will cause the price to reverse, I don't think it will since the previous rise failed to break today's high - which is a usually (but not always) a sign it will drop quite a bit. However, I can't be sure, so keep watching the area anyway.


Etherum Update.....

The rise that started late this morning continued this afternoon, resulting in the price moving deeper into the area created by the drop on the 29th.



After it moved into the area the price fell, but it's now moving back towards to it once again.

If the price manages to make it back into the area expect to see another drop when it reaches the far edge, around the point where I've said "expect to see a drop if the price reaches this area".

The point to watch now is the blue area created by this mornings rise.

This area wasn't confirmed when I posted my earlier ETH update, but the fact the price continued to rise has now confirmed it to be valid, so it has a decent chance of causing the price to reverse if it falls back to it.

[tbterryboy]

~snipped~

Wonderful work mate.

You have a wide range of trading knowledge and good to see that you are sharing it. I browse at your site and all I can say is, you really put an effort making it easy to understand especially for newbies. It's well detailed and doesn't really need an improvement a bit.

Keep it up. :thumbsup:

It is really a great work. I was also impressed with the website as well, considering that it is new, but reading through it, I can see it has a lot of information that can be helpful to both newbie and regular traders as well.

It is really a good thing to see someone who is really looking to share a great deal of knowledge in this space, and really, this is one thing we should always look forward to in this space. It is really a very good initiative like someone rightly said, and the sky is your starting point bro. Nice one and I believe a lot of people will learn a lot from you.

[Maxpips]

Here's a little guide on how to place a stop loss, for the people who keep asking me via email.

How To Place A Stop Loss In The Right Place

Placing a stop loss in the right location is often the difference a successful trade and a failed one.

Most traders think it's okay to place a stop loss anywhere.

.....It's not.

A stop loss MUST be placed at a price that, if reached, confirms your view or analysis of the Crypto to be incorrect.

In other words.....

If you buy a Crypto because you think it's price is going to rise, you need to place a stop at a point that, if broken, confirms the price is likely no longer going to rise anymore.

There are many points that are good locations for you to place a stop loss.

However, the best point is at the most recent swing low.

For those who don't know, a swing low is what's created when the price of a Cryptocurrency stops falling and starts rising.



They're usually (but not always) created by traders and investors buying a large amount Crypto, and can be found on every currency and on every timeframe.

Because they're created by traders and investors buying a large amount of Crypto, swing lows are great places to put your stop loss.

The reason why is simple:

Somebody who buys a large amount of Cryptocurrency doesn't want the price to fall below the price they've bought at, as it will cause them to lose money.

A swing low, because it's created as a result of someone buying a huge amount of Crypto, is a point that someone doesn't want the price to break, meaning....

If the price does fall below a swing low, it's a good sign the traders/investors who caused the low to form have sold their Crypto, thus, is a sign the price is now more likely to continue falling than it is rising.

How To Find A Swing Low (The Easy Way)

Explaining how to find which swing low to place your stop at is not easy.

Thankfully, there's an indicator that marks all the lows automatically.

Here's how to set it up:

First, go onto tradingview and open up the "Indicators" tab.



When the tab opens, enter "Swing" into the search box and then click the "Swing high low & support and resistance by patternsmart" indicator.



A bunch of blue and red dotted lines will appear.



Each of these blue and red lines mark where a swing low (and swing high - which is the opposite) has formed, red lines show the swing highs and blue lines show the swing lows.

Now, we only need to see the swing lows.

So the next step is to change the settings of the indicator so that it only shows the swing lows (blue lines) and shows the right lows, because at the moment it's only showing the most significant lows, we need to see the less significant ones aswell.

To change the settings, right click one of the dotted lines and select "Settings".



In the menu, change the "Swing Length" to 6 then click the "Style" tab and de-select the top two plot boxes.



The chart should change to now only show red lines.



With that done, you can now begin using the lows to place stop loss orders.

Easy.

Trade Example

A stop loss ALWAYS has to be placed immediately after you buy some Crypto.

So right after you buy you need to find the most recent dotted line, figure out what price it's at, and then set your stop loss to the same price.

Here's an example.....



Let say you buy some Bitcoin on the 31st October (blue arrow).

Now you've bought, you need to find the most recent swing low (dotted line) and figure out what price it's at.



In our case, the most recent low is found at 12212  and formed on 31st Augast.



So now you go onto your Broker or Exchange and set the price of your stop loss to 12321.

Summary

There you go guys, just a quick little guide on where you should place a stop.

I'll have my analysis of Bitcoin and Etherium up soon, stay tuned.

[Maxpips]

BTC Update: Possible Reversal?

I have to get this one out quick, guys, as the market keeps moving.



Last night Bitcoin fell into the buy area I said to watch for a reversal.

Whilst a reversal (blue arrow) did take place when the price entered the area, it was small and only lasted for a couple of hours before another large drop pushed the price down and through the area.

The price is now reacting to a smaller buy area that I forgot to mark in my previous analysis.

So far two reversal candlestick have formed at this area (black arrows) and the price is now moving out of the area towards the high made earlier (green arrow).

I'm long from the second reversal candle (6323), so we'll have to see how things play out over the next few hours.

Etherium update coming soon.

[Maxpips]

~snipped~

Wonderful work mate.

You have a wide range of trading knowledge and good to see that you are sharing it. I browse at your site and all I can say is, you really put an effort making it easy to understand especially for newbies. It's well detailed and doesn't really need an improvement a bit.

Keep it up. :thumbsup:

It is really a great work. I was also impressed with the website as well, considering that it is new, but reading through it, I can see it has a lot of information that can be helpful to both newbie and regular traders as well.

It is really a good thing to see someone who is really looking to share a great deal of knowledge in this space, and really, this is one thing we should always look forward to in this space. It is really a very good initiative like someone rightly said, and the sky is your starting point bro. Nice one and I believe a lot of people will learn a lot from you.

Sorry, terryboy.

I saw your post earlier but forgot to reply and say thank for your kind words.

Here's my Etherium update....

Note: Sorry this took so long, guys. My internet went down a couple of hours ago, so I wasn't able to post.

Etherium Update....

In last nights update, Etherium was heading back towards the source of the drop the price has spiked into a few hours prior and earlier on in the day.




Unfortunately, it didn't make it back, and the price instead started falling.

It fell for most of the night but early this morning, around 9:00 am, a huge drop took caused the price to not only break through the area I said to watch for a reversal but also the area below (see the candle with the arrow pointing to it).

The drop ended once it reached the bottom buy area, and has now recovered to be inside the original buy area I said to watch for a reversal.

Unlike the typical big drops we see, this one is really interesting.

The reason why.....

Because of the length of it's wick.

If you look at the candlestick that shows the drop (the one with the black arrow pointing to it) you'll see it has a really long wick at the bottom.

This is because someone decided to buy a huge amount of Etherium.

When the price fell into the bottom buy area someone saw that as an opportunity to buy Etherium at a low price. Of course, when they buy it causes the price to rise, resulting in the big wick we see.

So this big wick tells us that somebody has bought a TON of Etherium, which in turn, suggests we are going to see the price rise over the coming days.

The point you need to watch now is the area marked below.



This area was originally drawn based off the large rise we saw on the 31st October, but I've redrawn it to encompass the bottom of the big wick, because that's the point where somebody decided to buy a large amount of Etherium.

If the price falls back into this area it has a good chance of causing the price to reverse.

The reason why is because the person who bought a ton of Etherium DOES NOT want the price to fall below the point he bought at (the bottom of the wick), because if it does, it will cause him to lose money.

So if the price falls back into this area it's highly likely the person who bought will either buy again, causing the price to reverse, or, if this person is part of a group of traders/investors who partake in buying large quantities of Etherium, will get one of his/hers fellow investors to buy to cause the price to reverse.

In any case, watch for candlesticks with large one sided wicks and candles with bodies much bigger than the surrounding candles to appear when the price falls into the area, as that will be a good sign people are buying to try to cause the price to reverse.

Quick Bitcoin Update.......

Bitcoin has continued to rise after it reversed earlier.



The rise seems to be getting stronger, so we could see the high broken in a couple of hours and then maybe a rise up to the top blue area either late this night or sometime tomorrow.

I'll keep you updated anyhow.

[Maxpips]

BTC Update....

Exited the trade I placed earlier at 6334 for 11 point win.

The large drop seen an hour ago could signal a reversal down to the area the price reversed from earlier.

Keep watch, I'll update you tomorrow.

[panganib999]

Hello All,

In this thread I'm going to detail how I trade Cryptocurrency.

I've been trading Crypto for the past 6 months with pretty decent results.

The strategy I use is based on a culmination of different techniques and knowledge I picked up in my time trading the Forex market, which is what I traded before moving to Crypto at the beginning of the year. 

There are two parts to the strategy.....

The first part is what I use when the a large rise/bull run is taking place - (you can learn how to use this on my site - see below)

And the second part is what I use when the market is slow or ranging/consolidating.

My strategy is simple to trade but requires some explaining, so I'll be posting pics and doing analysis of different trades to help you understand why I took a trade and what you can do to begin doing the same.

Lets get to it.

P.S I've also started a website that has free information on Cryptocurrency trading.

https://www.cryptotradingschoolonline.com/

It's a new site, so there's only a few articles and things on there at the moment, but I'll be adding more articles to it in the near future, including ones that go into more detail on the techniques you'll see me use in this thread, so keep an eye open for them.

Also, if you have any questions you can ask me on the thread or email me at liamcrypto123@hotmail.com

I've been searching this kind of site, personal site for my basis and to compare to my strategy. It is good to know that you are sharing such a great idea to help some trader who's willing to learn. What i noticed is that your rank here in forum is below the average one i guess you entered this forum just earlier. Anyways, thanks for sharing!

[Maxpips]

Thanks panganib.

Yes, I only made an account back in Augast, I think - it might have been July, I'm not sure - so I'm still a bit of a newbie on the forum aha.

Some big developments on ETH and BTC last night.

My analysis will be up shortly.