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57352275 No.57352275 [Reply] [Original]

A simple EMA (or DEMA depending on the chart), don't trade when the slope is flat or close to being flat.
All your other indicators are not needed.

>> No.57352283
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57352283

>>57352275
>depending on the chart
>doesn't list any chart time
t.. t.. thanks for the tip.

>> No.57352287

>>57352283
You have to adjust the length and the type of moving average itself and backtest according to the chart you're trading
pic related is the daily chart of Bitcoin with a 50 day EMA

>> No.57352289
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57352289

I remember when I was a "trader". It took me two cycles to learn to just hold.

>> No.57352299

>>57352289
are you holding now?

>> No.57352308

>>57352287
what EMA to use for hourly

>> No.57352318

>>57352308
100
be careful though, smaller timeframes give way more false signals (but they also give earlier entries so take that into account)

>> No.57352326

>>57352318
ideally you should do TA on multiple timeframes for confirmation

>> No.57352340

>>57352275
how low are we going?

>> No.57352355

first TA thread on /biz/ and it's about using nothing but one indicator

>> No.57352371

>>57352275
A sell the bottom indicator, great

>> No.57352385
File: 203 KB, 1602x901, 40k eoy 150k 2025.png [View same] [iqdb] [saucenao] [google]
57352385

>>57352355
and probably its the best one in the past 2 years :D

>> No.57352396
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57352396

>>57352299
Yes and its extremely boring but that's how it goes

>> No.57352407
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57352407

>>57352396
If I held I'd get liquidated. It's the opposite of boring to hold on leverage. You should try it

>> No.57352421

>>57352287
>You have to tweak and tinker until it exactly matches past behaviour
>But then future behaviour is absolutely guaranteed
You give TA a bad name. And it's a low start point

>> No.57352438

>>57352421
different assets trade differentely and have different volatility levels so they need different TA, for example LTC and XMR are an endless crabfest so oscillators like the stochastic rsi work perfectly for them, Bitcoin often trend so moving averages and momentum indicators are more appropriate, that said a 50 day EMA is good enough for BTC swing trading