This is a very simple trading strategy: go / long short BitFinex when the 2HR EMA crosses.
Note: In this chart entry price is the candle after the EMA cross. This is because the EMA's will often look like they are crossing but don't end up doing so.
Of course this does not maximise potential returns however as this chart shows, sticking to this strategy would have resulted in zero losing trades and solid return over this period.
It also means that you don't have to spend hours pouring over charts / reacting to emotions / what people are saying in chat room etc. When I reflect on the time I have spent in front of the screen vs. my returns, I think I would have preferred to spend the last month:
(1) Adhering to this simple trading strategy. Building more confidence with no losing trades.
(2) Paper trading more advanced strategies on lower time frames (Bollinger Bands, Fibs etc)
(3) Achieving other things outside of trading and getting more regular sleep :)
Caveat: I am a newbie
Note: In this chart entry price is the candle after the EMA cross. This is because the EMA's will often look like they are crossing but don't end up doing so.
Of course this does not maximise potential returns however as this chart shows, sticking to this strategy would have resulted in zero losing trades and solid return over this period.
It also means that you don't have to spend hours pouring over charts / reacting to emotions / what people are saying in chat room etc. When I reflect on the time I have spent in front of the screen vs. my returns, I think I would have preferred to spend the last month:
(1) Adhering to this simple trading strategy. Building more confidence with no losing trades.
(2) Paper trading more advanced strategies on lower time frames (Bollinger Bands, Fibs etc)
(3) Achieving other things outside of trading and getting more regular sleep :)
Caveat: I am a newbie