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4429340 No.4429340 [Reply] [Original]

>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.

TL;DR: Does Ichimoku cloud apply to crypto?

>> No.4429350

>>4429340
TA doesn't apply to low volume coins.

>> No.4429376
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4429376

>>4429340
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

>> No.4429381

>>4429350
So it does apply to the ones with high volume? I only tested it with BTC yesterday.

>> No.4429411

>>4429340
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.

>> No.4429419
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4429419

>>4429340
>open informative video on ichimoku-san
>its a pajeet

>> No.4429451

>>4429419
Pajeet weeb?

>> No.4429456

>>4429419
https://www.dropbox.com/sh/jym1c7wbgcevdgw/AAC46EJc_6amHfs4KziY9e_sa?dl=0&preview=ichimoku_beginner_by_gabor_kovacs+-+Copy.pdf

Here is a good short readup on the Ichi, enjoy.

>> No.4429471

>>4429340
> DELETE THIS

>> No.4429501
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4429501

>>4429340
>ichimoku
BANKAI
TENSA ZANGETSU

>> No.4429505

>>4429456
.......am i gonna lose all my neo/link if i click that

>> No.4429546

>>4429456
thanks

>> No.4429726

>>4429456
Thanks, anon. Will read after dinner.

>> No.4429844

>>4429501
kekked

>> No.4429860
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4429860

>>4429340
Posting usefull information on /biz/ anon?!!!

How do you dare?!

>> No.4429902

>>4429340
NO, ichimoku has been backtested a lot, and it's objectively the best indicator ever created

>> No.4429914

>>4429340
And how do I apply it to an exchange?

>> No.4429915
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4429915

>>4429860
Utterly unacceptable. The only things which you need to know are pic related.

>> No.4430362

>>4429340
>>4429376
>>4429411
>>4429471
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)?

>> No.4431161
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4431161

>>4430362

anons answer me REEEEEEEEEEEEEEE

>> No.4431358
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4431358

>>4431161
Read the book that anon provided? It recommends cross-referencing different time-frames before an entry.

I'm an ichibeginner and don't know how well it applies to crypto so i accept no responsibility for my post

>> No.4431374

>>4429505
Are you trading Neo on etherdelta lmao?

>> No.4431423
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4431423

>>4429340
You should instead buy this book from me for 1XMR, it makes you better trader guaranteed.

>> No.4431433

>>4431161
>>4429902
>>4429376
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

>> No.4431438

>>4429381
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.

>> No.4431462

>>4431433
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.

>> No.4431488
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4431488

Don't give away our japanese secrets, OP

>> No.4431619

>>4431438
>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.

>> No.4431750

>>4431358
Ok thanks. I didn't download it because I don't trust anons with dl links.

>>4431433
>>4431462
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?

>> No.4431865

how do you chart w/ ichimoku with smaller cap coins that arent on tradingview?

i trade exclusively on binance, btw

>> No.4431884

all these fucking newfags

>> No.4431888

>>4431750
(10, 30, 60, 30) or (20, 60, 120, 30). The latter gives cleaner graphs and less false breakouts.

>> No.4431919

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!?!?

>> No.4431937

>>4431919
there was a guy here yesterday that was killing it doing that yesterday w/ btc/bcc trades

>> No.4431957

>>4431919
this

you literally just need 1 simple moving average and thats your TA

>> No.4431992

>>4431919

What has been your most useful indicator/trading strategy then?

>> No.4432365

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?

>> No.4432392

>>4432365
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.

>> No.4432499

>>4432392
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