Simple Buying Strategy

TA is all well and good. Its fun and informative. There is however a lot of ambiguity, so I have been working on building a simple strategy. I have tested it over the period since the downturn and tripled the investment. However its all been theoretical and I am now putting it into practice. I will keep the complex TA going, but also keep it separate from this buying strategy. The strategy is relatively safe and simple, and as you can see from the chart, I have really pulled back on getting sidetracked by anything that can draw away from the strategy.

Step 1: Only buy when 1day StochRSI is bullish and above 30%
Step 2: Only buy when 4hr StochRSI is bullish and above 30%.
Caveat: 4hr bullish crossovers must also be below 50% (eg a bear trend turning to bull at 90% is avoided)

Trades are stopped when 4hr StochRSI turns bear and is below 70% (will consider entering early for extreme circumstances)

BTC             has now confirmed step one, however, Step 2 is not confirmed, so now I wait patiently.

評論: 4hr StochRSI did not go bullish, so Step2 not completed - no trade
評論: 1D StochRSI bearish crossover. Step 1 now unfulfilled, so back to the beginning.
Note: Price has gone down about 3.5% since Step 1 initially fulfilled, so good decision to not enter trade.
評論: 1D StochRSI bullish crossover has occurred below 50%, completing step 1. Normally I would wait for the candle to close at midnight.

However, the 4hr has a bearish crossover, ruling out Step 2. Again, I should wait for midnight to confirm. However, it been a long day, I am knackered and the 1hr StochRSI is on the way down, so little chance the 4hr will reverse in the next 30 minutes.
評論: Holding Your Nerve
The single biggest cause of trade failures is emotion. One of the purposes of creating a set of personal trading rules is to avoid emotion.
For the last few days price has been increasing in general and its tempting to enter a trade. However, the rules laid out in the steps have not been fulfilled.
If I enter a trade now, 1 of two things would occur:
  • Make profit, thus invalidating our rules before even testing them
  • Make a loss, thus 1) proving the rules are good 2) proving I am an idiot 3) making a loss
The first option is "reward" and the second option is "risk." In this case the risk far out ways the reward.

So in my head I look at the numbers and repeat the mantra:

"Hold Your Nerve"
交易進行: 1 day StochRSI has fulfilled initial requirement for a while:

4hr StochRSI, has just passed Step 2 requirements.

Entering trade now.
Price: 8335
交易結束:達到停損點: Apologies for not keeping this up to date - been very busy.

Pulled out of the trade on 16th at 8050
Loss: 4%
交易進行: Updating with a sub step / rule:
When entering a trade check the 1hr interval to improve the timing of the entrance.

With this in mind, a trade that would have been made on 18th, was delayed
A) because I was asleep
B) further delayed due to new sub rule.

Enter trade at 7926
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
首頁 股票篩選器 外匯信號搜索器 加密貨幣信號搜索器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人檔案 個人檔案設定 帳戶和帳單 我的事件處理號碼 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出