Disclaimer: For new people, or just the dumb people (I heard there were alot of those in crypto), these are AVERAGE TRUE RANGE numbers. Those numbers do not represent the most or even average you can lose in a day but the trading range in an average day. Days can vary widely... Just look at the NatGas chart, or Bitcoin that has some days in a 2.5% range and then...
Hello, if like me, you like to sleep at night and trade during the day, this trick might inetrest you. We could put alerts on silent but I would rather not. And why focus on a chart that is only active while you sleep? Waste of time... Unsurprisingly, the Australian pairs get some activity during europe and NA day, but also alot and I mean ALOT in the MIDDLE OF...
I have undertaken backtesting over the past few weeks on a number of Crypto / USD pairs using the famous Turtle Trading strategy. There are a number of good books written on this strategy and you can find the details rules online. On all of the pairs I tested the Turtle Strategy (version 1) performed best. The Turtle Trading strategy is a systematic...
This is practicing IchimokuScholar's strategy of using Renko to get SR levels. AFAIK, you may get the following settings for it: * Traditional, 1% of first day's closing value * ATR, 0.5 (can set ATR value to whatever you like—I'm still reading on this) * Red line, weekly SR * Greens, HH... possible levels for counter trend confirmation or confidence gainer
The chart is not going to tell anyone whether to go long or short. I cut deeper than that. This post is about what I see as the job of a trader, who wants to be consistently profitable over a long time using trend following strategies. The following therefore excludes systems that tend to have fixed targets, such as harmonic trading and exploiting levels of...