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  1. #76
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    Quote Originally Posted by Farangrakthai View Post
    what exchange are you trading on?
    Kraken

  2. #77
    Thailand Expat Farangrakthai's Avatar
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    anyways, your stop-loss was at 8296, so you would have taken the loss before the price jumped back up 9 hours later:

    Quote Originally Posted by Munted View Post

    so, not sure what you're on about here:

    Quote Originally Posted by Munted View Post
    Here's a screen shot of your profit if you had have gone ahead.

    Not too shabby for one day and 4 hours 'work'. 9255 THB.

    Back in the day would've been good enough for a months rent. With change for a little bit of extracurricular.
    Quote Originally Posted by Munted View Post
    Go back and see the action as it occurred. The candles do not tell a lie.
    hmm

    ;-)

  3. #78
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    Quote Originally Posted by Farangrakthai View Post
    it doesn't seem necessary to have more than one btc thread
    Agreed, but this thread is about making a weekly income.

    I believe I have proved that it is very possible, if the effort is put in to learn the basics.

  4. #79
    Thailand Expat Farangrakthai's Avatar
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    Quote Originally Posted by Munted View Post
    I believe I have proved that it is very possible, if the effort is put in to learn the basics.
    sorry, but you haven't.

    Quote Originally Posted by Munted View Post
    The candles do not tell a lie.
    well the candles told you to buy btc at 8546 and sell at 8809 (or 8900 as you said at the time).

    Quote Originally Posted by Munted View Post
    It might be a good plan to get out around 8.9k .
    btc then went up to 8740 and then fell almost 500 points to below 8300 (on your chart).

    so, unless you're saying the "bullish engulfing candles" predicted that when you entered the market, btc would go up 200 points (not hitting your target) then fall 500 points and then 9 hours later shoot up 300 points, then they did "lie" to you.

    ;-)

    Quote Originally Posted by Munted View Post
    The candles do not tell a lie.

  5. #80
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    Quote Originally Posted by Munted View Post
    anyways, your stop-loss was at 8296, so you would have taken the loss before the price jumped back up 9 hours later:
    No, it was not set at auto, as Kraken does not allow for both a limit and a stop-limit. So, obviously you would prefer the limit on auto, and then to set the stop-limit on an alert such as at trading view. So you can make a determination then if it should come to it

    Quote Originally Posted by Farangrakthai View Post
    hmm
    OK, Post #59. 5:22 pm Thai is UTC 22:22 previous day. There is no way I could have known that at 23:00 hours UTC that the 1 hr candle would print green. And it did. So that would have been a go.

    But there are plenty more similar opportunities so I decided to let it go.
    "The urge to destroy is also a creative urge." Mikhail Bakunin.


  6. #81
    Thailand Expat Farangrakthai's Avatar
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    Quote Originally Posted by Munted View Post
    No, it was not set at auto
    well, you're just talking about a hypothetical trade: well, maybe i wouldn't have gotten out at my planned "stop loss" and i would have stayed in the trade and been lucky as 9 hours later the price shot up.

    Quote Originally Posted by Munted View Post
    And it did. So that would have been a go.
    yes, but it was wrong as you got your "bullish engulfing hit" to enter the market: it then went up 200 points (not high enough) and then dove 500 points. end of story.

    those "bullish engulfing flames" weren't predicting that the price would go up a bit and then fall 500 points, right?

    you were talking about 8900 and 9000 becoming support soon:

    Quote Originally Posted by Munted View Post
    It might be a good plan to get out around 8.9k and then wait it out until 9k is confirmed as a support.
    It is not a matter of if, just when.

  7. #82
    Thailand Expat Farangrakthai's Avatar
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    anyways, munted: like i mentioned, looking forward to you posting your trades in real time on the btc thread like luigi and others have done.

    example:

    munted: "i just bought btc at 8600 (day trade) after i got a "bullish engulfing hit" and will take profit at 9000 with stop loss at 8300.

    or just bought btc for a medium term play at 8600.


  8. #83
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    Quote Originally Posted by Farangrakthai View Post
    "bullish engulfing candles"
    This is nothing about bullish engulfing. It was a great example on how to trade off the 40 SMA

    Quote Originally Posted by Farangrakthai View Post
    8546 and sell at 8809 (or 8900 as you said at the time
    So the next candle, which I had no knowledge at the time of it actually going to print as a green, yes, if fact turned out to be a green (23:00 UTC). At which point, you, would have calculated from the open of the green a profit of 3%. That is your profit. The 8900 was mentioned not as a profit target, as obviously that would have been more than 3%. The 8900 was the next target to go for if you thought it good to do so after hitting 8546.

  9. #84
    Thailand Expat Farangrakthai's Avatar
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    Quote Originally Posted by Munted View Post
    It was a great example on how to trade off the 40 SMA
    no, it wasn't: it went up 200 points (not to your target) and then dropped 500 points (your chart).

    your "successful" exit point (profit) would have been after the dive and then 9 hours later shooting up again.

    that is not what the technical indicators were showing you would happen, right?

    Quote Originally Posted by Munted View Post

  10. #85
    Cenosillicaphobiac
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    Quote Originally Posted by Munted View Post
    Agreed, but this thread is about making a weekly income.
    One thread for the day traders/TA and one thread for the hodlers & fundamentalists is a good idea.

  11. #86
    Thailand Expat Farangrakthai's Avatar
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    regarding a post from the first page:

    Quote Originally Posted by Munted View Post
    IMO there are certain trading principles which are universal no matter what market you are trading.

    Always establish your exits prior to entering the position. That's it.
    agree: an example is the trade you thought about making yesterday.

    btc didn't go up enough to get your target point and then fell 400 points.

    you're saying now that you wouldn't have adhered to your stop-loss and would have made the profit when it bounced back.

    but, what if it hadn't bounced back due to (i'm guessing) a few whales sucking up much of the btc on the market, causing the price spike.

    if it hadn't bounced back and you held onto it (and that becomes a habit), then you won't have funds available (unless you put in more) for day trading as you'll have become an medium/longer term investor.


    Quote Originally Posted by Munted View Post
    Quote Originally Posted by Farangrakthai View Post
    anyways, your stop-loss was at 8296, so you would have taken the loss before the price jumped back up 9 hours later:
    No, it was not set at auto, as Kraken does not allow for both a limit and a stop-limit. So, obviously you would prefer the limit on auto, and then to set the stop-limit on an alert such as at trading view. So you can make a determination then if it should come to it

  12. #87
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    Quote Originally Posted by Farangrakthai View Post
    you're saying now that you wouldn't have adhered to your stop-loss and would have made the profit when it bounced back
    Please look again.

    The stop-loss was not actioned due to the close of the candle not coming anywhere near it.

    Yes, the spike or wick did go through, but not the close of the candle.

  13. #88
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    20:00 UTC . BTC spiked today to 8886, a higher high of 1.48 % on the previous high (4 hr chart). So must be grateful, even for such small gains.

    Rather bullish fundamentals sentiment, somewhat hyped up due to Consensus 2018, does not appear reflected in TA.

    There are no bullish engulfing candles today across either top 100 ETH or BTC markets.

    However, we do have hammer indicators. Caution is required. The success rate of the hammer indicators have yet to be proven to be as reliable as the bullish engulfing.

    This is likely due to hammer indicators being much less common than bullish engulfing, and therefore a smaller data set.

    Hammer Hits, due diligence required.

    Attached Images Attached Images
    Last edited by Munted; 16-05-2018 at 03:51 AM.

  14. #89
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    IOSTETH



    Rules: On RSI(2) in oversold territory:
    • place a buy order at the lowest point of the past 2 days. Valid for 1 day only, after which it is cancelled (Note: valid for 6 bars on 4 hr chart)
    • apply a 9% stop-loss
    • apply a 2% profit target
    Attached Images Attached Images

  15. #90
    Thailand Expat Dillinger's Avatar
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    So how much are you up in your first week?

    Sounds like a load of engulfing bullshit to me

  16. #91
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    Quote Originally Posted by Dillinger View Post
    So how much are you up in your first week?

    Sounds like a load of engulfing bullshit to me
    Dillinger: Much more than you would want to know.

    Guys, you now have some good tips on how to begin your journey into crypto.
    Put the hours in and learn the TA.

    I've introduced two types of candles - Bullish Engulfing & Hammer.

    I've also shown you how trading off the 40 SMA works, very successfully if you had followed the advice.
    Good thing is you can also do the same with the other major moving averages.

    With all the above, you'll have to tweak it a bit.

    But that's TA.

    It's not a free-loaders charter.

    You'll have to learn to do it for yourself.

    And then when you have a little success, you can travel to almost any country and make the money to pay the bills.

    And a little play money.

    Double down and you'll earn yourself much more.

    Here's my BTC address if you feel a little generous:

    1EaTUepyu7ziuNe6CnnkgAtTxp7h9bQ6NG

  17. #92
    Thailand Expat Farangrakthai's Avatar
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    Quote Originally Posted by Munted View Post
    Dillinger: Much more than you would want to know.
    Quote Originally Posted by Munted View Post
    I'm making a good amount of crypto-coin here in NZ, meaning a good amount approx 500 USD per week. So would love to come to back to Thailand to visit my old haunts and live the easy life. Has any one here had experience of Thai crypto exchanges
    it's nice that you're enjoying trading crypto, munted. though, to count on it as your sole source of income while living in thailand sounds like a fairy tale, i'm afraid to tell you.

    trading crypto should be a hobby, like gambling, and you shouldn't risk any amount of money you can't afford to lose. most people know this, munted.

    anyways:



    Quote Originally Posted by Munted View Post
    The stop-loss was not actioned due to the close of the candle not coming anywhere near it.
    what the heck are you talking about? this is what you posted regarding this specific trade:

    Quote Originally Posted by Munted View Post
    Good luck, You know the rulz, set your stop loss at 2% in case it all turns to custard.
    2% is 2%, not about whether a candle closes high or low and a 2% stop loss would have been at 8,380 (btc fell below 8,300).

    the trade you suggested failed as the stop loss was triggered before btc spiked 9 hours later.

    and, you still don't seem to understand that your technical indicators telling you to buy btc at 8546 were wrong as btc didn't go up to your target level and then fell 400-500 points.

    Quote Originally Posted by Munted View Post
    I've also shown you how trading off the 40 SMA works, very successfully if you had followed the advice.
    so, munted: i'm sorry to say you have failed to show how to use the 40SMA and you have yet to post a trade in real time.

    the only trade you've posted was after the fact (one that you say you wished you had made).

    and, in fact, was a losing trade (hit the stop loss):

    Quote Originally Posted by Munted View Post
    Here's a screen shot of your profit if you had have gone ahead.

    anyways, munted: looking forward to you posting your next trade (in real time): i am buying btc at ____ with a target of _____ and a stop loss of _____.
    Last edited by Farangrakthai; 16-05-2018 at 09:48 AM.

  18. #93
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    Quote Originally Posted by Farangrakthai View Post
    trading crypto should be a hobby, like gambling
    Treat it as a hobby and you will lose, guaranteed.


    Quote Originally Posted by Farangrakthai View Post
    2% is 2%, not about whether a candle closes high or low
    There are four aspects to a candle - the high, the open, the close, and the low. The open and the close define the body of the candle.

    I have never said anywhere that the stop-loss percentage ends at the low of the candle. Quote me back if I am wrong.

    Quote Originally Posted by Farangrakthai View Post
    the only trade you've posted was after the fact
    You got me worried I am beginning to believe you are a conspiracy theorist. The screen-shots show very clearly the entry of the trade and the exit of the trade.
    So, you believe I faked them?

  19. #94
    Thailand Expat Farangrakthai's Avatar
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    Quote Originally Posted by Munted View Post
    stop-loss
    stop loss is a percentage:

    Quote Originally Posted by Munted View Post
    set your stop loss at 2% in case it all turns to custard.
    after the fact, you are now saying that you would look at the candles, not just a % fall for stop loss.

    Quote Originally Posted by Munted View Post
    Quote Originally Posted by Farangrakthai View Post
    the only trade you've posted was after the fact (one that you say you wished you had made).
    The screen-shots show very clearly the entry of the trade and the exit of the trade.
    ok, sorry to say, munted: you're starting to sound like a really good troll who can't keep his story straight:

    Quote Originally Posted by Munted View Post
    No, I did not buy in at that time, as I did not want to wait all night for a confirmation candle.
    Quote Originally Posted by Munted View Post
    On the positive side, I was a little disappointed not to have been able to follow my own advice as posted in detail earlier and put 10k on BTC one day and four hours ago.

    Here's a screen shot of your profit if you had have gone ahead.


  20. #95
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    Farangrakthai, I sense you are a reasonable fellow unlike some on this forum.

    I count myself amongst such beings who invested heavily in the December '17 FOMO.

    There is no shame in it, and most certainly, as a hodler you will get it all back, and then some.

    I chose to be pro-active.

    The result was that I gave up a steady job, and lost money for a few months. That is the price of self-education.

    Now I can anywhere in the world and average $2000 USD a month.

    No, not a kings ransom.

    But that will be enough for Thailand and for my needs while there.

    Many get by on a lot less.

  21. #96
    Thailand Expat Farangrakthai's Avatar
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    Quote Originally Posted by Munted View Post
    as a hodler you will get it all back,
    actually, i put money in btc and alts in mid dec and took it all out on jan 3. with a nice profit (posted in real time on the btc thread).

    since then have been day trading when i have the time and when the market is stable.

    Quote Originally Posted by Munted View Post
    Many get by on a lot less.
    fair enough, munted.

  22. #97
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    Quote Originally Posted by Farangrakthai View Post
    % fall for stop loss
    the % fall is taken from the entry price.

    And you did not quote back to me where in your imagination you believe I said the stop-loss price is at the low of the candle

    Quote Originally Posted by Farangrakthai View Post
    you would look at the candles
    Yes, of course I would, as I have previously mentioned the stop-loss is not auto set, rather it's arrival is sent as a text alarm to my phone.
    Then, if the CLOSE of the candle has not been reached, the trade continues.

    Granted, it could have gone either way, but, good for you, if you had have exercised a modicum of sense, you would be nearly 10k THB richer.

  23. #98
    Thailand Expat Farangrakthai's Avatar
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    Quote Originally Posted by Munted View Post
    as I have previously mentioned the stop-loss is not auto set
    it's still a failed trade as the technical indicators told you to buy: it went up 200 points and then fell 4-500 points. if you had held onto it, rather than cutting loss, you would have been lucky as 9 hours later it shot up.

    the technical indicators you followed to do the trade were wrong, munted, and i'm surprised that you still can't see that.

    i'm also surprised that you can't distinguish between a real trade and one you wish you had made:

    Quote Originally Posted by Munted View Post
    Quote Originally Posted by Farangrakthai View Post
    the only trade you've posted was after the fact (one that you say you wished you had made).
    The screen-shots show very clearly the entry of the trade and the exit of the trade.
    ok, sorry to say, munted: you're starting to sound like a really good troll who can't keep his story straight:

    Quote Originally Posted by Munted View Post
    No, I did not buy in at that time, as I did not want to wait all night for a confirmation candle.
    Quote Originally Posted by Munted View Post
    On the positive side, I was a little disappointed not to have been able to follow my own advice as posted in detail earlier and put 10k on BTC one day and four hours ago.

    Here's a screen shot of your profit if you had have gone ahead.



  24. #99
    hangin' around cyrille's Avatar
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    Quote Originally Posted by Munted View Post
    if you had have exercised a modicum of sense, you would be nearly 10k THB richer.
    Quote Originally Posted by Farangrakthai View Post
    ok, sorry to say, munted: you're starting to sound like a really good troll who can't keep his story straight





  25. #100
    Thailand Expat Dillinger's Avatar
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    Quote Originally Posted by Munted View Post
    I count myself amongst such beings who invested heavily in the December '17 FOMO.

    There is no shame in it, and most certainly, as a hodler you will get it all back, and then some.

    I chose to be pro-active.

    The result was that I gave up a steady job, and lost money for a few months. That is the price of self-education.

    Now I can anywhere in the world and average $2000 USD a month

    I hope you’re not living on a high floor

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