This method seems to work great on a down-trending chart but how would this work on an up-trend? The base would not be broken on an up-trending chart. How would that work?
RE: Trade like a profesional, with no emotions + building small accounts
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Trade like a profesional, with no emotions + building small accounts
thats why you have to collect some of these coins and keep them.. trade them now and make some profit but keep some stored away with your profits, so that you can enjoy the ride up, when things change.. there are many stratagies you can use to participate on the way up, because as things go up every trade works.. but yeah, i should discuss this in my next video
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That would be great, I have some coins I like and a percentage is kept in cold storage but would also like to be doing some trades on the way up also. Looking forward to the next video, your stuff is great.
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Hey Luc, hope you're feeling better. Are there any exchanges that allow you to invert the trading pair?
As in, trade ETHUSDT using your method on the way down and then if the market turns around, switch to trading USDTETH.
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that is the same pair.. regardless of how they lable it.. it would work the same.. when you make a trade your simply exchanging one for the other
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OK, thanks.. I was hoping that the charting would allow us to trade your method (long) whether the price of, say ETH in my example, is going up or down without having to short. I figure the exchanges only want to price using certain base currencies. Thanks again!
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hi luc....I too am an options, stock and futures trader. I am opening an account on cex.io. The question I have is, after you buy the currency, do you place it in a wallet or keep it on the exchange. This is all that is left for me to figure out before I start to trade. A video on what we have to do once we purchase the currency would be awesome along with the exchanges you trust and trade on.
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coming from the stockmarket you might find some of these exchanges frustrating, because there is no help line to call if you have an issue with any trade, or a glitch in the exchange platform.. anyway think of the exchanges as your brokers, (even tho you cannot call them) and you simply buy and sell or trade the coins on there list.. you only send coins back in you wallet if your goin got hold them for a while.. Ofcourse there is the danger that an exchange will get hacked or close or something and you lose your coins.. that could happen so I spread out my coins at different exchanges, to keep me in the game
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I keep my money in exchange simply due to the fact I don't think coinigy offers you to trade with money in your wallet, if you want some good exchanges check out kraken, bittrex, and I use poloniex too(which has had some bad rep lately) I know I'm not Luc, but I hope this helps(:
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That would be great, as trading just ETH/USD at minute, and sold on last rise and things look to be turning
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hey Luc @quickfingersluc , would you be able to go over the 50% retracement moves that you worked through in some of your old videos please? that was really interesting stuff and made sense. thanks very much!
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Back in that video I was explaining the laws of averages.. and how a large group of people will tend to find an average price.. so even it something is trying to run higher in price, i likes to pull back to 50% before it makes its next move.. but yeah, I guess I could address that in the next video.. it isnt really relevant to the bases/safe circle method i have been explaining here.. but no problem, ill write it down
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Great question!
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It wouldn't be as nice a chart or strategy in that case. Bitcoin and Ethereum both looked like that for a while tonight.
I think the answer is you simply would have to find something else to trade. It's not worth the risk of buying at a base and hoping it keeps going up. You may kick yourself when it goes up 10% without a crack, but you WILL kick yourself when you lose 10 or more % and have to hope it goes back up.
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I would think you could use the same methodology. When it rises, on the first mini crash down (half way or even lower to its previous base) buy. Sell at 10-20% or whatever your target is. Repeat. Once you have a few rises and crashes you have data to look at and note how long the rises and crashes are and use that info to set your buys/sells if its a bull market. Does that make sense @quickfingersluc?
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thanks for this question, that's what I was thinking about.. Luc's strategy is excellent on a downtrend period, but what about the uptrend period...
thanks to you and Luc
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