The day trading strategy of the prophecies

C'mon biz, I know someone out there has got this figured out. I feel like I'm pretty ahead of most people but can't figure out the last piece of the puzzle:

> This is a trend market so riding trends is what makes money
> Instead of predicting the market what is needed is a strategy that covers all the different scenarios that may play out
> Heikin Ashi and RSI on the daily reduces a lot of the noise and outlines the trends almost perfectly.
> Buy at the beginning of the trend, sell at the top
>Exit when the trend reverses
> Define clearly how you get in and how you get out (trend reversals)
> Emotions are not a part of the decision making

What I'm missing is a clear strategy for defining trend reversals in a way that my emotions are not involved. A string of logical premisses that if all check positive I buy or sell.

Attached: Capture.png (1057x545, 59K)

This are Heikin Ashi candles btw in case anyone is wondering. Quite a beautiful sight compared to regular candles.

scam it never works

Cmon, look at that graph, these formations are too perfect and easy to ride. At some point you have to look at them and think, ok this will probably keep going the same way, and if it doesn't I'll cut my losses early and exit right away.

yeah nice timing dude, but you're a lil bit too late, the waves aren't that big now (if any)

If there only was a way to find out when a new trend is beginning.

But we're on the verge of a breakout. And there's money to be made either it goes up or down..

exactly, we're at the finish line, but nobody knows what happens next. you should question this, and not how to swing trade

Yeah in retrospect it's always easy to look at a chart and draw the points where you should've bought and sold.

predicting humans is hard, OP. at the end of the day, even if you look at all the orders on the book, all the volume, all the charts, and do all the observations... You can see when the buying dries up and the resistances comes more into play... there's still one problem:

Is there a guy or guys on the side with money waiting to buy a lot of shit?

Is there a guy or guys on the side with crypto waiting to sell a lot of it?

You don't know, so you will never be able to predict the trend reversal. There are as many factors for that as there are bitcoin addresses.

I know, but look how long these waves are.. Even if you only ride 60% of them you are making money. Along with a good money management strategy it basically puts you always on the profit side.

I dont understand. Am I longing or shorting.

Of course, that's why we use stop losses. And if we end up not making as much money as we could, that's still ok. What I want is to find that slight profit advantage that in the long run will make substantial money.

Even with what you said, if you look at the waves in the graph they still go on for 5 - 10 - 15 days at a time, proving that trend is more important than random events in this market.

Heikin Ashi does not work

Go on, I'm listening.

Yes, you can ride these waves. The best indicator is support/resistance, I never use Heikin Ashi or RSI.
In this case you can see support/resistance clearly. Simple strategy: buy support, short resistance. Stop loss a little bit below support/above resistance if it breaks out.

Attached: jerdfvh893h2ß291.png (1560x946, 67K)

so you bought?

You cant daytrade crypto, its not even a 50/50 situation.

I feel like the "You can't daytrade crypto" thing is one of the biggest memes used to make money on this space. Picture this, a high percentage of guys in crypto are totally uneducated in trading. So they are trading with emotions, or falling for the HODL meme (look where that got you in the past 6 months), while guys who understand the market are making money out of everyone's inexperience in this.

Have you tried day trading without a solid strategy? You probably lost a lot money. That means someone is making money based on your inexperience. Prove me wrong.

The pic is a little bit outdated, we're much further into the triangle now. I didn't buy, but above 7k is bullish breakout and below 6k bearish breakout. I'd recommend to watch what happens the next few days/weeks and follow the trend if it breaks out.

>tfw too many people have figured out my bear market money making technique and now the trends are gone

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this
>you can't daytrade crypto
is the biggest meme ever. In altcoins for example there're often "sell the news" events where you could tell with 99% certainty that it'll dump. But it's getting harder now because the market is less volatile, with less unexperienced traders and unclear direction.

I don't think so man. A breakout is imminent, whether bullish or bearish.

The general feeling is still denial about daytrading and crypto in general, or trying to predict the market with crazy formations instead of letting the market decide. So I feel like even with posts like mine we are still in the minority and with a big advantage.

(share your secrets)

isn't this what I said

sigh, I doubt anyone can help you more than that, those who make money don't brag around about it, those don't - don't, so finding the "last piece of puzzle" is up to you. and for the love of god, first try to actually earn something before going all "I'm genius I figured out everything, this is so easy", don't forget that the majority of retail traders/investors lose money.

I know you're right, unfortunately.
Was just desperate and hopeful someone would drop a hint.

I know what you mean, I've backtested some strategies and they do put me ahead of people who hodl or who try to predict the market and are caught in unexpected situations. But this advantage that I have now is still not enough to be profitable because I'm not getting in trades as early as I should. I know the solution is out there somewhere.

Thanks anyway user.

the hint is trailing stops on bitmex are a scam
they'll take half your profits use a limit order lel

I never used trailing stops on bitmex and always use limit orders..

how to get them for mt4 or mt5 perhaps help zoidberg out old pal?

Sorry, I don't use MT. I'm sure Google is your friend.

Redpill me on HeiKin Ashi candles

good advice
I'm actually using MAs, Hull MA is similar to this, but I don't know yet how these candles work

Heikin Ashi creates a candle that is basically an average of the previous and the current candles' price actions.
Highs and lows still work the same, the difference is on the open and the close.
Open is an average of the open and the close of the previous candle.
Close is an average of the High, Low, Open and Close (current price) of the current candle.

The results are these almost seamless trend candle formations.

thx bro

You fucking idiots

You can't daytrade cryptos BECAUSE you are unexperienced and unarmed.

You are basically trying to trade against professionals with a good strategy, high volume potential, and base their decision with insight from APIs and bots you guys don't have and would have no idea how to use.

You are bound to lose money if you begin daytrading cryptos.

I follow your logic, I had the same idea as you, opened positions on XRP with $16k when I began understanding I'm wasting time.

I lost tons of money I could have gotten back and more just by waiting this eventual uptrend we got in.

The odds are better if you simply swing trade, open various positions over time, wait and accumulate.
If you day trade, you will simply lose more than you win.

yep
swing trade is the most optimal choice, you can get like 7% in 2 weeks while day trading you make half of that and the effort is 20x bigger, but it requires lots of patience tho

I'm ok with swing trading as I'm ok with waiting it out until a good uptrend comes up.

What I'm not ok is with being on ATH and holding bags all the way down to the bottom because no solid strategy for riding up or down trends. That's what I'm trying to change so I don't get caught in the same thing again.

using this with multiple time frames Stochastic is pretty good

What settings are you using with Stochastics?

standard 14,3,3

try 21, 7, 7 on the daily with the Haikin Ashi.

Pretty neat.

Heikin Ashi is an indicator in that of itself.

RSI w/Heiken Ashi is alright too, Heiken Ashi lies though. Many times buying on the first green candle won't get you too far.

Yes but what about waiting for a green candle with no bottom to close? That looks way more promising.

No bottom shadow I mean.

sorry, a bit confused - do you mean the wick?

yes

that's fine, I'm bias to heikin ashi myself, however I use to close trades rather than enter.

A strategy I've been working on, uses heikin Ashi, looks promising in back-testing but I need to make it enter on the "real" price and exit on the "real" price to paint a more accurate picture, but heikin is great for reducing noise.

Attached: file.png (1349x901, 159K)

>> This is a trend market so riding trends is what makes money
No, it's not. It's a sideways chop market. Those "trends" you see are not trends, but swings.

As for a strategy, a 3D swing level strategy worked pretty well for Bitcoin.

I can't make sense of OP's image. The entries don't match the first green/red candles, so it can't be a buy/sell on close system. It looks pretty but realistically if it were a buy/sell on close there's a good amount of losses and missed profit on that chart.

This seems very interesting, will look into it.

Thanks, precious information here. But overall and especially if you zoom out isn't the crypto market based on trends?

The image is a caricature. It's not TA.
I seriously don't mind about the losses or the missed profit. All I want is to have slightly more profit than losses. For sure you can't win them all in this market.

wow you are a genius