Usually when it hits the top like that 3 times, it breaks out, but that is something else and. At this point I'd proceed with caution, cause whales are good at taking money. It really seems like it'll bounce once again. Be there.
Still hurting over me exiting my position due to a 5$ dip smh, i entered at 208$, exited at 240, bcash is at 260 now
Anyway I made enough money on my long for a 1 week Seoul trip with my gf, now all I need to do is waiting out corona
XLM and XRP are still not at their peak capacity, and as you saw with bcash, there are alot of dormant coins that stay still while the others move, and they make a big move when they are ready. making them a great choice if you are looking to buy low, they are just risky because you dont know if they are going to take a shit
Uniswap looking juicy if you are risk prone, but not right now, I would place a small buy order at 2.99 and see where it goes, because the defi morons panicked and mass dumped, which tells me it has some way up
A really strange pair that I have been involved in lately is TRYUSDT on binance, where I make small bits of profit from buying the lira low and selling on good turkish news (dailysabah is a good english source)
If you are into forex and don't want to pay taxes I would say binance is a good source as they have currency pairs for all kinds of exotic coins
More profits.
This trading style is simple.
The thick orange line is the mean price and also drifts with change (this is on the 1 minute chart)
You can calculate the variance from this mean easily using historical volatility, implied volatility, or jus the average true range on the daily chart.
Once you know the variance you know the tendency in which price deviates from this mean, once it hits the max variance from the mean you have a short or long signal (I trade options so calls or puts).
When the value is hit you want to line it up with the RSI which is the purple line at the bottom. When is breaks above the shaded region you short, when it breaks below the shaded region you long.
You hold your position until you reach the mean, or if momentum is strong you hold (this is signaled by where you are on the RSI) .
Each one of those red circles is a play I made today, overall this strategy today yielded 6k and that's with leaving money on the table (I trade conservatively). If I followed through completely this would be ~10k chart for today alone.
So I noticed something that is going to optimize my returns on intraday trades and also reduce a significant amount of uncertainty.
P -> Put, C -> Call, S -> sell position
Notice on the RSI I've denoted the distance between each high and low, it turns ow it's always ~40.
I feel legit stupid for never noticing this because of course it is....there is drift in the RSI but the variance always stays the same.
I always wait for drift to settle before trading and as I miss half the trading opportunities, but if you account for the drift then you unlock those positions - all you need to do is note the variance and trade that ~40 mark.
Even on a day like this where the RSI is super whacky this principal works, but in the case where it is super bullish you will want to play more attention to the mean and play more conservative because of the uptick in uncertainty (applies to extremely bearish days as well)
Is that a little bit of FOMO after selling early I see going on in the TSLA chart ?
I'm a raw spot trader so in my case it's S or B.
That being said I understand S but don't know the difference between your P and C. I'm guessing C is anticipation while P is an action, or vice versa.
Is that a little bit of FOMO after selling early I see going on in the TSLA chart ?
I'm a raw spot trader so in my case it's S or B.
That being said I understand S but don't know the difference between your P and C. I'm guessing C is anticipation while P is an action, or vice versa.
C stands for call and P stands for put, these are option positions where a call is going long, you speculating the price of the underlying asset will go up, and a put is going short, you are speculating the price of the underlying asset will go down.
Below highlights this,
The strike price is the price I am speculating the stock price to fall above or below, where a call is above and a put is below.
The further it falls below the strike price the more the put position is worth and the more you can sell it for.
The further it goes above the strike price the more a call position is worth and the more you can sell it for.
So on this chart where you see a P im stating this is where you want to but a put and a C is where you want to buy a call.
An S following one of those is where I've sold.
The above example is how I actually played this chart, except before I was using only the mean and the concept of reversion - it just so happened to have worked out for me. But now I am adding this variance idea to the RSI and it removes all the uncertainty surrounding each position.
All my plays are exclusively made by using mean, variance from mean, and mean reversion where a reversion is a movement back to the vwap.
Before I would just find a decent point on the RSI to play, so when it moves nicely into the oversold and overbought region but missed a lot of trades because that's only happen twice a day. Safe bets on timing the reversion but you leave a lot of money on the table.
Now I am using 35-40 variance points on the RSI to time all the other reversions and it works almost perfectly.
WYNN is insanely reliable, you just to watch out for double tops/bottoms and be more cautious in the afternoon. Even if you buy the first extrema in the double top/bottom the position is still insanely profitable.
Here red line indicates short between the two positions while the green line indicates long between the two positions.
Exploring all the nooks and crannies of AAPL.
I played it for the first time on Friday, my usual trades involve ZM and TSLA (TSLA being wat I traded most of last week).
I managed to squeeze $6700 out of this on friday but honestly I traded it horribly, missed a lot of obvious opportunities that not only manifested Friday but are basic daily trends that happen nearly every day. (Last monday was the exception).
However, utilizing mean reversion and variance and on this ticker is seemingly highly reliable, the average number of daily reversions -with drift taken into account- is five. Each one of those are worth 3k-5k. That's right, there is a minimum of 15k to pull out of AAPL on average every single day, and that is only the macro trends as there is probably another 10k in micro movements though realistically only about 5k are seemingly predictable with decent certainty.
Above was mondays movement and it would have been a hard one to track but if you utilize divergence principals you should be able to time it well, the key to make a lot of money on this would have been to trade the resets and let it leg up 40 points on the RSI.
A better less uncertain play would be just to trade something else, which is what I did with TSLA (most of the week).
The question is what made this chart a reality in the first place? Is it just low probability event given the full set of charts or is this something that occurs often? The answer is the former as AAPL had the Iphone announcement the following day, hence there was a FOMO day. As such one could assume such a trading day may occur before earnings which could allow you to plan accordingly or inform you to skip trading it that day.
TSLA on monday.
TSLA was much more stable and predictable with multiple reversions and signals of those reversions via 40 pnt variations on the RSI.
The rest of the week made for predictable trades via AAPL