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RE: Do you profit on 99% of all your trades using your current strategy? We do..

in #trading7 years ago

Hey Luc

First, many many thanks for all the work you're doing here - learning a lot from you and it is much much appreciated.

I have two questions about bases (which are kinda related) -

  1. What do you do with coins who consolidate for few days (2-5 days). The base is waaaay behind and no panic moves been recorded over the past few days. Would you just ditch them and wait till they become volatile again?

  2. In some of the videos you detect bases in a zoom out view (kinda 2-months chart), which means that in some cases the base if formed over 10 hours or so, so as the crack. Do you have a 'time cap' where you won't call a base base cause of the time it took the buyers to push the price up?

  3. I know I said 2 questions, but while writing the previous one more came up to my mind - at what point you drop a trade, i.e. a base has been spotted, so is a crack, but the coin begins to consolidate over 5-6 hour around the buying price. Would you just trade out and break even?

Thanks again for your help
Alon