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Author Topic: what idicatars do you use to day trade coins (on coinbas)  (Read 123 times)
lexinexi (OP)
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June 22, 2025, 09:32:12 AM
 #1

I use bollingers band
MACD
Chop index
Then base my trade on how long it tops or bottoms so if it took a week i keep my tpsl order open for a week,

But I just got burnred on a tpsl order because one 5 min candle dropped down 5% then went up 6% in 5 min triggering my SL where if there was a buffer that wouldnt happen. So until I can fix that I dont be big amounts.

And im trying to find a volatility line graph and other charts  but some are backwards from others and some dont make sense, I trade small amount a few hundred so it like paper trading but , when paper trading you have no emotions so you take big risks and dont care about losses. But when I lose 10$ I get upset and try to fix it.

So i was big into bit coins 10 years ago but I lost the money so I have about 1000$ to play with.
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June 22, 2025, 10:33:28 AM
 #2

I use bollingers band
MACD
Chop index
Then base my trade on how long it tops or bottoms so if it took a week i keep my tpsl order open for a week,

But I just got burnred on a tpsl order because one 5 min candle dropped down 5% then went up 6% in 5 min triggering my SL where if there was a buffer that wouldnt happen. So until I can fix that I dont be big amounts.

And im trying to find a volatility line graph and other charts  but some are backwards from others and some dont make sense, I trade small amount a few hundred so it like paper trading but , when paper trading you have no emotions so you take big risks and dont care about losses. But when I lose 10$ I get upset and try to fix it.

So i was big into bit coins 10 years ago but I lost the money so I have about 1000$ to play with.
The concept of the crypto market is basically the same with that of Forex and stock ... So I do think that normal Price action is literally gold... Then understanding market structure and liquidity is a game changer...
   There's really no need for so much indicators however they are not really bad as they can be used as extra confluences but they shouldn't really be the basis of a trade ...just for confirmations.
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June 22, 2025, 10:48:07 AM
 #3

I use BB, RSI, SAR and I also use MACD. They are good indicators but they are not really accurate and you need to use them with experience. You can see how price action can make BB and RSI not to be accurate because when a coin is overbought, price action is still telling people to buy. So you need to use experience to make money from trading.

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June 22, 2025, 09:51:56 PM
 #4

I am so much into indicators and strategies (scripts) that show me the support and resistance level at different time frames. I have used Bollinger bands, RSI and MACD in the past but started to like other indicators more than them. So, I am more into Fibonacci Retracement, Exponential Moving Averages etc.

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June 22, 2025, 10:09:46 PM
 #5

I am so much into indicators and strategies (scripts) that show me the support and resistance level at different time frames. I have used Bollinger bands, RSI and MACD in the past but started to like other indicators more than them. So, I am more into Fibonacci Retracement, Exponential Moving Averages etc.
Bollinger band and RSI was one of the popular indicators those days and it's fun using them because they at least react to market price as quick as possible when used  accurately. I used to mix Bollinger Band, RSI, Moving Average and Exponential Average to get a perfect timing when to enter the market and when to leave. Sometimes I do use 3 to 5 Moving Averages just time the market accurately before entering the market to reduce the lagging probability.

Since i trade more using indicators, I was able to familiarize myself with different indicators and I use them on random occasions.

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June 22, 2025, 11:41:56 PM
 #6

And im trying to find a volatility line graph and other charts  but some are backwards from others and some dont make sense, I trade small amount a few hundred so it like paper trading but , when paper trading you have no emotions so you take big risks and dont care about losses. But when I lose 10$ I get upset and try to fix it.


Honestly, you enter early on a live trading I know it's no emotions when you trade with paper money, but it is a first step you should do to confirm your strategy is profitable on the long term. Journal your trades and analyze your mistakes. If you do all of these on a live trade, I am sure you would lose a huge amount before you learn, even if you are risking a pretty small amount.

I'm no expert. I have experience doing paper trading; I only trade on high-probability entries on live trading, but I consistently trade on paper to learn from the entry that I think is a win trade, but if the result is bad, then I avoid doing it on live trading.

Lots of things are changing in my trading style, and I optimize the strategy and avoid aggressive trades, just like what you do without signals, confirmations, and validation before you enter.

About the indicator, it seems you are using the indicator in a wrong way; you better learn first about the indicator you are currently using.
Check this link below

- https://www.babypips.com/forexpedia/category/technical-indicators

I only have two indicators: EMA 20/50/100/200 and RSI.
MacD is good to check for weak selling or buying pressure, RSI I only use this for divergence or reversal signals, and EMA I use to determine trends, short- or long-term.

For day trading, I use RSI and EMA. Since I know the trend using EMA, I use RSI for divergence or reversal, and I do entry on pullbacks or retracements if confirmed by EMA 20/50 breakouts on low time frames of 15 minutes and below. It takes a couple of hours to hold for a 1:3 risk ratio, but I do it consistently with no emotion envolve.

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August 10, 2025, 11:33:57 AM
 #7

And im trying to find a volatility line graph and other charts  but some are backwards from others and some dont make sense, I trade small amount a few hundred so it like paper trading but , when paper trading you have no emotions so you take big risks and dont care about losses. But when I lose 10$ I get upset and try to fix it.


Honestly, you enter early on a live trading I know it's no emotions when you trade with paper money, but it is a first step you should do to confirm your strategy is profitable on the long term. Journal your trades and analyze your mistakes. If you do all of these on a live trade, I am sure you would lose a huge amount before you learn, even if you are risking a pretty small amount.

I'm no expert. I have experience doing paper trading; I only trade on high-probability entries on live trading, but I consistently trade on paper to learn from the entry that I think is a win trade, but if the result is bad, then I avoid doing it on live trading.

Lots of things are changing in my trading style, and I optimize the strategy and avoid aggressive trades, just like what you do without signals, confirmations, and validation before you enter.

About the indicator, it seems you are using the indicator in a wrong way; you better learn first about the indicator you are currently using.
Check this link below

- https://www.babypips.com/forexpedia/category/technical-indicators

I only have two indicators: EMA 20/50/100/200 and RSI.
MacD is good to check for weak selling or buying pressure, RSI I only use this for divergence or reversal signals, and EMA I use to determine trends, short- or long-term.

For day trading, I use RSI and EMA. Since I know the trend using EMA, I use RSI for divergence or reversal, and I do entry on pullbacks or retracements if confirmed by EMA 20/50 breakouts on low time frames of 15 minutes and below. It takes a couple of hours to hold for a 1:3 risk ratio, but I do it consistently with no emotion envolve.
 

so is there a volume candle that  shows when most are sales and most are buy?

I like how i can just glance at market indicator graphs and click orders to track progress but in school i was good at iq tests so its natural,



so i use bollinger band
 chopzone
 macd

and awesome oscillator

i quickly witch between day 5 day month  and 4 hours to squeeze out a penny when i o ;pen a limit tp sl.

 dont do 1%+- i do -1,25 %and plus +4% i like high volatility like SOL  because my liquid assents dont get stuck in a bear 3 week long market
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August 10, 2025, 06:42:27 PM
 #8

I use BB, RSI, SAR and I also use MACD. They are good indicators but they are not really accurate and you need to use them with experience. You can see how price action can make BB and RSI not to be accurate because when a coin is overbought, price action is still telling people to buy. So you need to use experience to make money from trading.
The experience in trading is what will help you to understand that entering the market during the time where your indicators are not giving you a clear signal and the market seems to be undecided is a very dangerous thing. Experience will help you know the time when the market will likely obey the signals that your indicators give.

@OP, I use Stoch, MACD, and EMA. MACD tells you where the market is going. Stoch tells you when to enter.

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August 10, 2025, 09:03:37 PM
 #9

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Re: what idicatars do you use to day trade coins (on coinbas)
Right now, I'm using 2 EMAs, Bollinger Bands, MACD and RSI as well. I can't backtrack though so I don't know if this has been better for me compared to other strategies that I'm using, but one thing's for sure. I'm making small profits right now using these indicators.

On the other hand, even though you're using lots of indicators if you still don't have the knowledge or experience in trading then it's pretty much useless. You can use 5 or even 10 indicators (which is insane) and still end up losing your money. At the end of the day, experience really matters when it comes to trading because the more experience you have, the better your decision-making along the way. Sometimes, you even only need 2-3 indicators just to add some confluences because there are some that focuses more on the price action and the candlestick patterns.

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August 10, 2025, 11:21:25 PM
Last edit: August 10, 2025, 11:38:56 PM by BitMaxz
 #10

Right now, I'm using 2 EMAs, Bollinger Bands, MACD and RSI as well. I can't backtrack though so I don't know if this has been better for me compared to other strategies that I'm using, but one thing's for sure. I'm making small profits right now using these indicators.

On the other hand, even though you're using lots of indicators if you still don't have the knowledge or experience in trading then it's pretty much useless. You can use 5 or even 10 indicators (which is insane) and still end up losing your money. At the end of the day, experience really matters when it comes to trading because the more experience you have, the better your decision-making along the way. Sometimes, you even only need 2-3 indicators just to add some confluences because there are some that focuses more on the price action and the candlestick patterns.
If you are consistently making a small profit with fewer mistakes, don't change your strategy; those 3 indicators are powerful in crypto. Sometimes it's not accurate to some altcoins and Bitcoin. That's why you need to configure and edit the length period to make the indicator fit the current condition of that coin.

Have you tried the 7 EMAs? It looks like a ribbon with a setup of 20/50/100/149/200/249/300? Most altcoins during a trend up or down 7 EMA any of these lengths acts like a support because mostly the price bounces on that part. Combining it with price action/breakout strategy with RSI use for overbought/sold signals, you can get a perfect entry and exit.

Look at mine:


I use EMA line as support, and the other line is for my SL, but still I combine it with RSI and price action.

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Today at 06:28:25 AM
 #11

I just got burnred on a tpsl order because one 5 min candle dropped down 5% then went up 6% in 5 min triggering my SL where if there was a buffer that wouldnt happen.
It would still happen on tomorrow and I will be wrong on time frame only and NOT with the incident. Yeah, this is how trading works regardless of where you put your stoploss or what strategy or indicators, you are using. Sudden volatile are most common for all cryptos hence your stoploss will often be eaten by whales who move the market on their own.

If you cannot bear the manipulations, you should quit trading right away.

You may ask that manipulations are still possible with vast marketcap markets like bitcoin; yes, it is still possible but not on bigger scale but within $50 or $100 or $500 or even $1000 levels. So, whales move bitcoin at any direction for short period of time to gain quickly.

when paper trading you have no emotions so you take big risks and dont care about losses. But when I lose 10$ I get upset and try to fix it.
This indicates that you are NOT FIT for high emotional play like trading. You should treat both profits and losses similarly. Otherwise you may look for other opportunities like investing or mining or staking.

i was big into bit coins 10 years ago but I lost the money so I have about 1000$ to play with.
10 years with bitcoin alone or into trading as well? I guess 10 years must be an enough time for concluding about your skills. You must have found out that trading is for you or not by this time.

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