This thread will be dedicated to posting 5 minute time frame EOS trades play by play whether I actually enter into the trade or whether they are just back tests. I will post today's trades and then post in this thread previous days back test to confirm this strategy works. using the 5 min time frame is for day traders who will be actively trying to scalp small profits through out the day. Don't worry if you miss a trade. There's plenty throughout the day every day. if you don't have time, apply this same strategy on the 1 hour to 1 day time frames depending on your ability to focus on trading. As you see in the 15min chart, I applied same strategy there.
"Heikin Ashi Moving Average Strategy." Here's the strategy:
1. *Task: Set your candles to Heikin Ashi candles. *Reason: This removes all the constant buying & selling pressure that's going on between the bull & bears. Heikin Ashi candles show trends on where the candles are likely moving towards.
2. *Task: Set alerts on trading view to be alerted via email/text when the Yellow MA(7) falls below the Blue MA(25) & Pink MA(99). *Reason: This lets you know that the price on its way to completing its correction and is priming for another move upward.
3. *Task: Set alerts on trading view to be alerted when the HA color change signals. *Reason: This lets you know that now that the Yellow MA is moving under the other MA's, an alert for up trend is potentially there.
4. *Task: Set your Indicators like mine. snap shot below. change MA in settings, Stoch RSI & MACD are searchable. HA color script is below. *Reason: This is the HA color and alert script that gives you the green & red arrows to buy and sell. Script- HOW TO ADD: Click on picture and add to favorites, then go to indicators and search for HA COLOR CHANGE, add indicator. For alerts, go to alerts and choose HA COLOR tradingview.com/script/QBDVHj7e-HA-COLOR-CHANGE-AND-ALERT/
5. *Task: You are ready to trade: A. Wait for the Yellow MA(7) which is also the price is finished correcting. B. Check with BTC to ensure it's moving sideways or upward. C. Check Stoch RSI & MACD indicators for bullish movement D. Once indicator shows a buy signal, enter into position on the 2nd green candle formed. If the price keeps falling, either set stop losses under the 1st bull candle or buy more on dips if you''re confident price will move up. E. wait for resistance & support. Yellow MA will naturally resist off the Pink MA and use blue MA as support. sometimes combination but either way, wait for a break out. Sell when the indicators tell you too. Small profits add up so don't be greedy. Switch to the 1 min and back up other time frames to get a bigger picture of EOS trends.
Trade safe and learn this strategy on your own. Don't wait for anyone to make decisions for you as Crypto is volatile and changes fast. Set stop losses where comfortable and set trailing stop losses to lock in profits. There's constant patterns so study the supports and resistances. study the trend lines when the price is likely to ride the waves of the Blue and Pink Moving Averages. It's pretty simple strategy once you focus on one coin only constantly. Most importantly: watch big daddy BTC to movements. Simple version: Wait for correction, enter position, sell the breakout, repeat.
Thank you and hope this works for you. If it doesn't, re-adjust to fit your needs. To learn more about Heikin Ashi Technique, I used this site. tradingstrategyguides.com/heiken-ashi-strategy/
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Heikin Ashi Moving Average Strategy
These are back tests from 1 Sept 2018. 8 trade set ups with 8% profit potential. 12hr time frame to trade on from 7am est. - 7pm est.
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6% profit potential 5 trades here. Study these charts to understand where the supports and resistances are. Trends tend to repeat themselves
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The chart above is from late night 01 Sept, about 9 pm until early morning 02 September 7am where the big correction completed.
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16% profit potential. Many opportunities to profit off 6 trade entries ranging from 02 Sept 7am est. to 02 Sept 5pm.
Thought I'd try a different Price range indicator to make the charts look less cluttered. The price/date indicator is covering up the candles.
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6.5% profit potential on 5 trade opportunities. time range: 02 sept, 5:30pm est. - 03 sept 04:05am est.
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About 8% profit potential off 6 trade opportunities time frame 03 Sept 5am est. - 03 Sept 5pm est.
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9% profit potential on 4 trades. after extensive analysis, patterns are becoming clearer and clearer. I'm actual buying and sellin in these trades now. timeframe: 03 Sept 7:20pm est. - 04 Sept 7:20pm est.
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Lets analyze the chart as we map out the battleground in 3 chart time frames
top left - 1D - chart your graphs and know that EOS along with BTC is bearish. this means, don't stay in positions long until green candles form on the daily. Become a scalper. When there's no Moving averages to help you guage supports/resistances , then draw your own lines. Become your own analyst.
top right - 5M- As in all the other charts above, reference the patterns of behavior and remember where the resistances and support zone are. There are areas to buy and stay away from. Plenty of entry points that range from high risk due to rejection to low risk because support is establish. Once the Yellow MA is moving underneath the Blue MA and Pink MA, prepare your troops for battle. It's like a glorified video game.
bottom - 1M- Use the 1 Min to trail your stop losses at certain benchmarks. As the price keeps moving, leave a SL loose enough to where it won't trigger easily but close enough that you can make money in case of a sudden drop. After all, big daddy BTC is King and rules all alts. See this is a wolf hunting it's prey. As long as the Yellow MA is moving upward along the Blue MA, stay in position and when we correction happens followed by upward movement, re adjust the stop loss.
Hope this helps in your decisions. Also, if you're having trouble getting order filled because EOS or other alts are moving fast, 2 options. Limit order and buy the sell orders or Market Order. Also, use your other indicators to help you buy and sell. Good luck and hope you survived yesterdays blood bath.
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1HR pattern prediction.
So, i've been trying to figure out this particular pattern of behavior when the scenario arises. I drew some prediction on where the Moving averages should go and buy ranges. The charts below are all from the 1HR and this scenario plays out constantly, whether the pattern play out in our favor or not, take advantage of the small wins, wait for the rejections to finish then ride the waves up then, hop out, repeat.
Pattern seen here resulted in price increase.
Here again.
Here's the same patern with price decrease.
increased to the Pink MA then ultimately failed
Here's another gain.
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5Min. EOS needs to break a few resistances to keep moving up. Moving averages moving in pattern as normal. waiting to see what the Blue MA does. Thinking that price will use Blue Ma if it can break Pink MA and keep moving up. Price is definitely about to correct.
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Starting tocombine more strategies and indicators into the overall strategy. Since I am trading on smaller time frames in this heavy bear market. It's important to sell at resistances and buy at supports. Same fold, I seem to keep selling premature and price rises after I already sold. How to prevent that? I think it's to incorporate more strategies into this to get a better prediction and where the price is moving. Still through all of this, I have stop losses set.
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Drawing channels on the 1min and 5min definitely doesn't work after an hour. haha The only smaller time frame still working out and staying within the channel is the 15M.
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Constantly redrawing support and resistances trying to get a picture where EOS is going.The lines I drew seems to coincide with th Moving averages too. small scalp today is what im going for
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Yet again, the moving average strategy plays out well after this massive drop. In this play book, you can always refer back to these charts on where to enter at what times. In this chart, a massive drop ensued. Price is now moving under the Blue & Yellow MA, you just have to find the good entries and watch your back with stop loss. When in profit, trail stop loss.
Now that we have the moving average strategy down packed. never forget to set loose stop losses. that was a massive drop and everyone got caught in it. always leave extra capital to re buy.
start to add trend lines to your TA, supports, resistances, channels.
in the end, gain profit, collect, be happy, repeat.
crypto is crazy as fuck volatile, and there will always be an opportunity to buy in so don't think you're missing out on anything. it was 2:30am for me when this spike happened. yeah i missed it but so what. it'll happen again.
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5min Sell points added for future reference when this situation arises again. It seems to all boil down to how knowledgeable you are at knowing that the price will leg up again and/or how much you like to gamble.
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15 Min timeframe: Lets recap the events that transpired yesterday with EOS. 20.81% profit potential using this Heikin Ashi Moving Average Strategy. Repeat these entry points everytime this scenario repeats.
- It works more times than it doesn't. - Stay disciplined, don't be greedy - Stick to the script |Buy the support, Sell the resistance - Heikin Ashi Technique | Enter Bullish green candle | Exit Bear red candle - Set losses | Set trailing stop losses - Spread your capital out | Don't spend it all in one place | your provider taught you that
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1HR Timeframe: So you want to know how I use trailing stoploss? Check my thoughts on how to trail your profits. According to Heikin Ashi Rules, When you enter a position, you place the SL at the bottom of the previous candle. Once the next candle closes, cancel your SL order and move it up to the bottom of the next candle and repeat until your SL is triggered. On the 1 HR time frame, you don't have to do this but once an hour if you want. up to you and how much profits you want to guarentee.
If you're in huge positions and notice that sometimes your SL doesn't get filled because someone else undercut you? Just break up those SL order into smaller ones. If you create a noticeable sell wall, others will place bids above yours leaving you stuck and waiting.
You'll notice 4 seperate trades on the chart. Buy Zone 1: High risk trade with chance of rejection. Price hit SL but minimal loss is better than a bigger Buy Zone 2: High risk trade but Heikin Ashi candles showed a bull candle so entry is safer. Buy Zone 3: Low risk trade. obvious price spike and long green candles. buy more! Buy Zone 4: Low risk trade. Bounce off the Blue MA tell me price is ready to ride the wave up.
I enjoy trailing SL because you don't have to fight on the battlefield with the bulls and bears trying to guestimate where to set a limit sell order and if it will get filled or not. Anyone else agree or disagree? Thanks
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5M Time frame: Classic buy zones as before. No need to explain at this point unless you have questions. I think at this point, we are confident of our homework conducted in this play book. This strategy can be used in all time frames. It's just how much desk time do you have to trade. Thanks
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In Buy Zone 1 now with Stop loss just in case of hard rejection.
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Look at the chart which shows 1Min, 5Min, & 15Min. All buy Zone 1's are the same and placed in the same area which is the Yellow MA looking to breakthrough the Blue MA. What timeframe you use depends on the desk time you have to sit there and trade.
Manage your real life and trading Life. Be happy.
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EOS getting hammered. Hope you set stop losses. It should of triggered but if it didnt, I guess you're in so looks like we are pushing back up. We need big daddy BTC to calm down and bulls to regain control. Buy Zone 2 its on its way soon. be on the look out if you're day trading.
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Nope. BTC still correcting so all alts are too. standing down until the dust settles. this too crazy. Every time I redraw support lines, Bears break through. All out massacre. Trade safe
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Bulls Broke down Bears Resistance that was set up since 06 Sept. This is good news. Look for EOS to ride the Blue MA wave. once broken down, i'tll move to Pink MA for support. take profits on resistances & be happy
Lets analyze the chart as we map out the battleground in 3 chart time frames
top left - 1D - chart your graphs and know that EOS along with BTC is bearish. this means, don't stay in positions long until green candles form on the daily. Become a scalper. When there's no Moving averages to help you guage supports/resistances , then draw your own lines. Become your own analyst.
top right - 5M- As in all the other charts above, reference the patterns of behavior and remember where the resistances and support zone are. There are areas to buy and stay away from. Plenty of entry points that range from high risk due to rejection to low risk because support is establish. Once the Yellow MA is moving underneath the Blue MA and Pink MA, prepare your troops for battle. It's like a glorified video game.
bottom - 1M- Use the 1 Min to trail your stop losses at certain benchmarks. As the price keeps moving, leave a SL loose enough to where it won't trigger easily but close enough that you can make money in case of a sudden drop. After all, big daddy BTC is King and rules all alts. See this is a wolf hunting it's prey. As long as the Yellow MA is moving upward along the Blue MA, stay in position and when we correction happens followed by upward movement, re adjust the stop loss.
Hope this helps in your decisions. Also, if you're having trouble getting order filled because EOS or other alts are moving fast, 2 options. Limit order and buy the sell orders or Market Order. Also, use your other indicators to help you buy and sell. Good luck and hope you survived yesterdays blood bath.
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@get2knowcrypto, Oops, posted this in the comment area. hahaha. 2.50% profit or more today in over an hour if we work together to figure the method to the madness
jarking
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@get2knowcrypto, I was rushing with my new job. my plan is to do at least 20 trade. and then find out the % of success. 1 min is awesome. the chart looks really nice with binance data than it is from poloniex. i am figured out these altcoin are traded by bot, i clearly observed, these are moved according to btc, and very fast, when btc starts upwords, these alts takes a breath, and the starts, but when btc falls, it falls super faster than btc. its all bot. but good thing they are making the market. and strategy like this is very helpful to understand.
Yea, i am not there yet. but i am in, to work together, let me do my backtest, So much thanks for the direction. Respect
jarking
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@get2knowcrypto, wonderful analysis.
1. if i understand correctly resistance and support fixed in 1 day , should be same for lower time frame,
2.yes i was kind of survived. was in front of pc. did not do stop loss, so lost the profit i made from iota and icx with this trade strategy.
YardleyRosette
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Yeah, well... here's an alternative view
jarking
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I was doing exactly same exploration today with EOS on 1 H to 30 min, 15 min and 5 min, I found MA's are pointing same buy zone. Bots placing buy order so fast and so do the sell off. how do you manage this? are you using binance app or web? my second question, i was struggling to write trading view script to send email with following conditions
1.When yellow crossing under blue
2.When yellow crossing under blue and pink
3.when yellow doing exactly opposite of 1 and 2.
4.when Stoch RSI is in 0 level and moving up
5.When Ha color change.
What i want combine 1,2, 4 and 5 , make one alert for buy signal and 3, 4 and 5 together one alert for sell signal.
Thanks man. I have been putting a lot time on this. to explore, to get in the right time, getting there hopefully. appreciate your help. siting long time become nightmare, like last night, EOS went high but i coudlnt sell , went sleep, in the morning just had to get out with break event. i was also exploring the time slots. there are certain time when market makes good move.
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@jarking, Look at my chart above with all the yellow arrows. On the binance app, I do trailing stop losses in order to control the selling. also, split my sell orders in 2. This is how I manage. as a candle closes, I cancel the stop loss order and submit an order higher. this locks in profits and keeps us away from dealing with bot buying/selling.
First you have to add the indicators to your chart in order to be able to set alerts for them. add these indicators:
MA (edit seetings to 7)
MA (edit settings to 25)
MA (edit settings to 99) By doing this, you copy binance moving averages. after this go to alerts.
For alerts, just go to the alerts. Set these settings:
Condition: MA (25, close)
crossing up
value: MA (99, Close)
rest is default.
I dont think you can make one alert for all.
Faried1971
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I'm a newby but this strategy seems straightforward.You make it easier for me to scalp small profits with your simple explanations.
Thanks for creating HA alerts
just one Question...is it one COMBINED alert to set 7ema below 25&99EMA...or are they all seperate alerts
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@Faried1971, thanks. If you have time, drop down to 1 min for a higher roi. Earn more % in profits for scalps. I like this because I'm always at work or with my family so small scalps throughout the day are awesome.
The alerts, I've set separately. 7 MA to cross up through 25 MA and another, 25MA to cross up through 99 MA.
Same for down trend, get alerts when the 7MA break down through 25MA and 99MA. That's 4 separate alerts.
Faried1971
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@get2knowcrypto, thanks...Yes i find 1min working better if i have the time
top left - 1D - chart your graphs and know that EOS along with BTC is bearish. this means, don't stay in positions long until green candles form on the daily. Become a scalper. When there's no Moving averages to help you guage supports/resistances , then draw your own lines. Become your own analyst.
top right - 5M- As in all the other charts above, reference the patterns of behavior and remember where the resistances and support zone are. There are areas to buy and stay away from. Plenty of entry points that range from high risk due to rejection to low risk because support is establish. Once the Yellow MA is moving underneath the Blue MA and Pink MA, prepare your troops for battle. It's like a glorified video game.
bottom - 1M- Use the 1 Min to trail your stop losses at certain benchmarks. As the price keeps moving, leave a SL loose enough to where it won't trigger easily but close enough that you can make money in case of a sudden drop. After all, big daddy BTC is King and rules all alts. See this is a wolf hunting it's prey. As long as the Yellow MA is moving upward along the Blue MA, stay in position and when we correction happens followed by upward movement, re adjust the stop loss.
Hope this helps in your decisions. Also, if you're having trouble getting order filled because EOS or other alts are moving fast, 2 options. Limit order and buy the sell orders or Market Order. Also, use your other indicators to help you buy and sell. Good luck and hope you survived yesterdays blood bath.