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GFIs1 1 btc$ trade per week journal


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GFIs1 1 btc$ trade per week journal

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  #1 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,461 since Feb 2012
Thanks: 5,339 given, 11,449 received

Coin trading? Are you Crazy??

As a pattern trader I always was fascinated by the development of coins. Never thought of mining stuff I was more interested in trading this very volatile instrument(s).
And found NO real journal here about coins in the journal section of fio.
Hence I thought to open one myself.

Of course a real journal should be live and easy to understand.
Having 2 longtime pattern journals here already I am sure to test my first steps in a very difficult field of trading.

What are the guidelines?
first - there is the risk, the influence of open markets and
second - the length of being exposed to the markets with all influences as well as
third - to hit some strong moves with a high probability.

The testing ground
To stay above and being on a more stable ground I want to test my first pattern(s) when markets are not influenced too much by active worldwide open playing fields.
The always traded coin markets are especially good when trading over weekends or holidays.
That might help to get make some good points.

Why just one trade in a week?
By omitting losses (not knowing great stop loss markers yet) there are just a handful good times to concentrate on patterns. Those are most effective to see when the markets develop in silence.
So I will just take a trade from 6 hours to 8 and watch the results carefully.
Investing on - saying a Saturday or Sunday - when my other instruments are in full sleep - the investment amount is fully available for this journey.

Looking forward to the first trades and results.

Don't hesitate to follow...

GFIs1

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  #2 (permalink)
 tr8er 
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next week we will get the micro BTC futures, which instrument will you trade?

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  #3 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
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Posts: 5,461 since Feb 2012
Thanks: 5,339 given, 11,449 received



tr8er View Post
next week we will get the micro BTC futures, which instrument will you trade?

Hi @tr8er

That is good news.
In fact I was concentrating on the full btc$ which had shown the main moves. Smaller derivates will help to the volume in total and may steer btc and others in a same directions.

There are other depending coins of btc - at least moving often in the same direction - to put money on those smaller coins with not the same total value. In the end concentrating on btc$ with its history is convenient for the moment and all depending charts. Of course watching all alternatives coming in is most important! Looking forward to it.

Good trades
GFIs1

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 Deetee 
Amsterdam
 
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Interesting! Will be following.
Good luck and good trades

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  #5 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
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Monday trade

btc$ short 0:00 to 06:00
entry @ 56674
exit @ 57931
result -1257 points

GFIs1

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  #6 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
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Short

My short was a bit more than 24h too early -

No problem so far - we will catch up!

GFIs1

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  #7 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,461 since Feb 2012
Thanks: 5,339 given, 11,449 received

btc$ is on its run up to 60k+
after a dip down to 53k

Ethereum up as well - and with it all connected Krypto's.

GFIs1

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 Sandpaddict 
Langley
 
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GFIs1 View Post
Coin trading? Are you Crazy??

As a pattern trader I always was fascinated by the development of coins. Never thought of mining stuff I was more interested in trading this very volatile instrument(s).
And found NO real journal here about coins in the journal section of fio.
Hence I thought to open one myself.

Of course a real journal should be live and easy to understand.
Having 2 longtime pattern journals here already I am sure to test my first steps in a very difficult field of trading.

What are the guidelines?
first - there is the risk, the influence of open markets and
second - the length of being exposed to the markets with all influences as well as
third - to hit some strong moves with a high probability.

The testing ground
To stay above and being on a more stable ground I want to test my first pattern(s) when markets are not influenced too much by active worldwide open playing fields.
The always traded coin markets are especially good when trading over weekends or holidays.
That might help to get make some good points.

Why just one trade in a week?
By omitting losses (not knowing great stop loss markers yet) there are just a handful good times to concentrate on patterns. Those are most effective to see when the markets develop in silence.
So I will just take a trade from 6 hours to 8 and watch the results carefully.
Investing on - saying a Saturday or Sunday - when my other instruments are in full sleep - the investment amount is fully available for this journey.

Looking forward to the first trades and results.

Don't hesitate to follow...

GFIs1

I love your other journal so I'm excited for this one. Thank you.

I haven't traded BTC and probably won't for the foreseeable future but how do you find the liquidity and cost structure to trade?

Do you find liquidity just drys up at certian times? Or is the spread horrible at times?

Do you plan on eventually switching to once a day or sticking with weekly?

Maybe these questions are premature. Just curious in any case.

Best of luck GFIs1

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  #9 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,461 since Feb 2012
Thanks: 5,339 given, 11,449 received

Monday trade

btc$ long 0:00 to 08:00
entry @ 58026
exit @ 59134*
result + 1108 points

GFIs1

*stopped on moving SL 07:20 @ yellow line (Tenkan-Sen) of Ichimoku

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