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RE: Let's discuss why I Do Not use indicators

in #dtube7 years ago (edited)

Ok so with luck it will return to the base crack and maybe further but as you say there are no guarantee's only that we should be holding a coin at 'cheap' price.

Is the panic selling after a base crack the main strategy or are you also looking for the breakout's from a base. For instance when BTC first got near to 3000 it was 'channeling' in a narrow range for several days below 3000 before finally breaking out and moving forward. This looks a bit like an inverse of a base crack but in the opposite direction - is this a strategy you are also following - so buying when it pops above what looks like a base?

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no.. I do not buy break out ever.. My trades have very very high odds and I dont use stop losses, so break out trading is for others, who dont mind being wrong a lot..

I've had a quick look back over the year - I think there are around 6 BTC panic's since the start of 2017 - so would you say there have been 6 opportunities to use your strategy?

There has been many opportunities, I trade all the major coins with size and all the alts with small positions.. Looking at BTC is the tip of the iceberg