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btc$ Journal for Dummies by GFIs1


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btc$ Journal for Dummies by GFIs1

  #1 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,921 since Feb 2012
Thanks Given: 6,181
Thanks Received: 15,564

Those who follow my journals here know about patterns I am using for my trades. **

Now I like to
show you a new profitable system with really easy to use rules!
It is about
BITCOIN aka btc$
and ONLY that one

What you need to have - counting knowledge included
• a daily chart with the btc$ vehicle
• using the daily chart with Heikin Ashi (not candles!)
• capability to see and count red candles up to seven or max. EIGHT
• a trading platform that executes your trades

...well tricky? NO

If you set up this easy to use system then we are ready to start!

The rules:
we just trade longs - means green daily Heikin Ashi candles) - yes!
• we count just the red daily candles
• when we arrive at seven or eight candles (some green inside are not counted! and are not relevant)
Then we take THE LONG trade on the next day
• we let unfold the long until a first red Heikin Ashi candle shows up - then we sell the long

Sounds easy?
It is...

In my next post I will elaborate the system with a handsome chart.

Good luck - and stay tuned!
GFIs1

** My normal trades here are just within a day (day trading). That system is about SWING trading over several days. Means of course more risk as overnight positions are normally more expensive. Check it out with your broker.

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  #2 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,921 since Feb 2012
Thanks Given: 6,181
Thanks Received: 15,564

When do we need to start?

As it seems by the next green round (chart in next post): by TOMORROW!
Therefore a long trade will maybe taken on this weekend.
Which is unusual for my longtime day trading on weekdays.

Happy weekend
GFIs1

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  #3 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,921 since Feb 2012
Thanks Given: 6,181
Thanks Received: 15,564


Count up to 8...

as mentioned my pattern chart to study



GFIs1

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Thanked by:
  #4 (permalink)
redgreen
zurich
 
Posts: 50 since Nov 2013
Thanks Given: 148
Thanks Received: 56


GFIs1 View Post
Count up to 8...

as mentioned my pattern chart to study



GFIs1


Hi GFI
interesting so see your new development :-) congratulation.

Q: do you also trade on Interactive Brokers?
Q: do you directly trade the BTCUSD or do you use another instrument?

thanks
Tony

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  #5 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,921 since Feb 2012
Thanks Given: 6,181
Thanks Received: 15,564

First btc$ swing trade


btc$ entry Sunday 0:00 @ 58544
waiting for the development in the next days
especially the signal for an exit - means a full red Heikin Ashi candle

GFIs1

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Thanked by:
  #6 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,921 since Feb 2012
Thanks Given: 6,181
Thanks Received: 15,564


redgreen View Post
Hi GFI
interesting so see your new development :-) congratulation.

Q: do you also trade on Interactive Brokers?
Q: do you directly trade the BTCUSD or do you use another instrument?

thanks
Tony


Good morning Tony

Thanks for compliments! Appreciated.
As you can see from my charts I am using a tool from Germany that makes nifty charts and combines it with realtime trading.
The company named BörseGo AG is providing the charts and trading on their website guidants.com.
It is easy to use and works on apps for the phone too.
No need for instable gigantic brokers combined with charting monsters anymore.

Happy Sunday - cheers!
GFIs1 (missed you on the wyschiff Zug a week ago!)

PS: the new system is taylor made for your nick: red green (Heikin Ashi)

Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #7 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,921 since Feb 2012
Thanks Given: 6,181
Thanks Received: 15,564

"Dummies..."

This has nothing to do with the readers here - it represents my ongoing search for EASY to use rules.

Hope - I found some! As well for the followers.

Finally it's me - the fool who is revealing the golden spots - lol.

GFIs1

Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #8 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,921 since Feb 2012
Thanks Given: 6,181
Thanks Received: 15,564

How long has the btc$ a support?

From the daily Ichimoku chart I see a push long until Dec. 17th.
We will see

At least for today we are on track!
GFIs1

Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #9 (permalink)
redgreen
zurich
 
Posts: 50 since Nov 2013
Thanks Given: 148
Thanks Received: 56


GFIs1 View Post
Good morning Tony

Thanks for compliments! Appreciated.
As you can see from my charts I am using a tool from Germany that makes nifty charts and combines it with realtime trading.
The company named BörseGo AG is providing the charts and trading on their website guidants.com.
It is easy to use and works on apps for the phone too.
No need for instable gigantic brokers combined with charting monsters anymore.

Happy Sunday - cheers!
GFIs1 (missed you on the wyschiff Zug a week ago!)

PS: the new system is taylor made for your nick: red green (Heikin Ashi)



:-) finally I know the purpose of my nick-name - was never sure about it ...

Nov/Dec weekends are fully booked with family business, therefore, I was not able to join the wyschiff. but based on the pictures, seems to be a great event. hope to join some events next year.


-> to clarify: you are directly trade the BTC or do you have any leveraged instruments?

have a good start into the upcoming week.

cheerio
Tony

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  #10 (permalink)
soacm
Bucharest, Romania
 
Posts: 71 since Mar 2022
Thanks Given: 38
Thanks Received: 22



GFIs1 View Post
Those who follow my journals here know about patterns I am using for my trades. **

Now I like to
show you a new profitable system with really easy to use rules!
It is about
BITCOIN aka btc$
and ONLY that one

What you need to have - counting knowledge included
• a daily chart with the btc$ vehicle
• using the daily chart with Heikin Ashi (not candles!)
• capability to see and count red candles up to seven or max. EIGHT
• a trading platform that executes your trades

...well tricky? NO

If you set up this easy to use system then we are ready to start!

The rules:
we just trade longs - means green daily Heikin Ashi candles) - yes!
• we count just the red daily candles
• when we arrive at seven or eight candles (some green inside are not counted! and are not relevant)
Then we take THE LONG trade on the next day
• we let unfold the long until a first red Heikin Ashi candle shows up - then we sell the long

Sounds easy?
It is...

In my next post I will elaborate the system with a handsome chart.

Good luck - and stay tuned!
GFIs1

** My normal trades here are just within a day (day trading). That system is about SWING trading over several days. Means of course more risk as overnight positions are normally more expensive. Check it out with your broker.

Hi, are you still trading the long-only $BTC strategy?

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Last Updated on March 18, 2023


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