>make a few decent trades >make a few sort of bad trades >barely go in the positive as a result >started reading up about ichimoku cloud >no longer just looking at candles and winging it >figure i'd note down my imaginary earnings before trusting this shit especially since i've read people saying it doesn't apply to crypto >??????? >profit?
So, the results I got from about six hours of intraday trades were a positive of just over 0.046 from a 0.50BTC starting capital. But what surprised me was the consistency with which it could predict the trends.
Can someone please tell me if I'm falling for some hidden bias or luck or something because surely, it can't be that effective or else everyone would be doing it? It predicted the downturn of yesterday very well.
Shhh, don't tell people about how easy it is to trade off Ichi. Also dom't tell anyone about the Ichi settings for crypto markets
Kevin Sullivan
So it does apply to the ones with high volume? I only tested it with BTC yesterday.
Ayden Hall
You are not missing anything. Ichimoku is one of the best indicators out there. Read a bit more in detail on how to trade with it. But it applies well to the most cryptos.
Jose Cruz
>open informative video on ichimoku-san >its a pajeet
.......am i gonna lose all my neo/link if i click that
Ryan Robinson
thanks
Dominic Kelly
Thanks, user. Will read after dinner.
Brody Thompson
kekked
Colton Gonzalez
Posting usefull information on Veeky Forums user?!!!
How do you dare?!
Kevin Nguyen
NO, ichimoku has been backtested a lot, and it's objectively the best indicator ever created
Christian Robinson
And how do I apply it to an exchange?
Camden Lewis
Utterly unacceptable. The only things which you need to know are pic related.
Josiah Nguyen
Teach me famalams, currently reading the chartschool article about it. I need to know the best time frame for high volume crypto (top 10 coins) and the settings (default periods)?
Ryder Taylor
anons answer me REEEEEEEEEEEEEEE
Jeremiah Perez
Read the book that user provided? It recommends cross-referencing different time-frames before an entry.
[spoiler]I'm an ichibeginner and don't know how well it applies to crypto so i accept no responsibility for my post[/spoiler]
Carson Murphy
Are you trading Neo on etherdelta lmao?
Kevin Barnes
You should instead buy this book from me for 1XMR, it makes you better trader guaranteed.
Leo Mitchell
There's nothing special about ichimoku. I guarantee you 99% of people who use it can't explain how it's components are calculated
They just look at the "cloud" and buy cloud bounces or cloud breakthroughs. Once above the cloud is bullish and the cloud itself is good support.
The reason ichimoku works is because it's a self fulfilling prophecy - all you goons follow the same lines and buy at the same level, Ofcourse its going to bounce off that level, that's where you're all buying.
There's no mystery. Proper settings for ichimoku are 3x larger than default settings
Want crypto settings? If a parameter is 10 day, up it to 30. If a parameter is 1 day up it to 3.just triple every parameter and congrats you have ichimoku with crypto settings
It's all non sense anyways
Anthony Rodriguez
Other way around imo, high volume means it's pump and dump time. The only thing you can predict with that is eventually it will come down.
Camden Cooper
It's captures 80% of the trend brah. If you're riding the waves from the beginning and then gtfo when it's time to crash you'll do good.
Really helps you GTFO when you bought into the parabolic, became euphoric from how much money you're making, and finding a proper exit to make sure it doesn't all go away.
Jeremiah Gonzalez
Don't give away our japanese secrets, OP
Luis Nelson
>Other way around imo, high volume means it's pump and dump time. The only thing you can predict with that is eventually it will come down. I think he was talking about cryptos which consistently have high volume.
Christopher Cox
Ok thanks. I didn't download it because I don't trust anons with dl links.
I'll have to backtest it but from what I see, it doesn't seem to work. It's a kind of fancy multiple SMA setup, or maybe I'm missing something. Also what time frame are best for this? Days, hours, minutes?
Cameron Murphy
how do you chart w/ ichimoku with smaller cap coins that arent on tradingview?
i trade exclusively on binance, btw
Parker Hughes
all these fucking newfags
Camden Robinson
(10, 30, 60, 30) or (20, 60, 120, 30). The latter gives cleaner graphs and less false breakouts.
Jonathan Hughes
As someone who fucking kills it in day trading...
Its just moving averages. Theyre all moving averages. The MACD. The Stoch RSI. Ichi. Its just fucking cross over strategies.
Bollinger bands are just moving averages with 2 bands to show extreme pricing which is 2 standard deviations from the 20ema.
Love it when the idiots start trying to buy and sell because it slows down and the Stoch RSI is overbought/sold!!!! OMFG!?!?
Samuel Russell
there was a guy here yesterday that was killing it doing that yesterday w/ btc/bcc trades
Eli Brooks
this
you literally just need 1 simple moving average and thats your TA
Isaiah Jackson
What has been your most useful indicator/trading strategy then?
Hunter Reyes
Guyz, Im tryin to make my very own trading script. Could yo please suggest what periods I should consider for MA crossovers? 3 days vs 1 day? 10 days vs 3 days?
Connor Rivera
typically it's a 4:1 ratio. Just back test a bunch of them to find one that seems to work for you / your situation.
Lincoln Taylor
Thx man Sure I'm gonna backtest, just wanted a tip to know if I end up in the ballpark when I'm done tweaking the parameters.
Also, so far I'm using cryptocompare. Are tgere any other api-services for crypto? More specifically, I'm interested in ED data, but its high-low is full of fat fingers. If only there was an ED DB with fat fingers filtered out
