Great quotes for sure! And yes, on a technical aspect using some type of indicator to gauge disconnect is useful. When I am actively trading a use a 10 period moving average to keep me from chasing price and also to help me see when things have moved turn much to fast.
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Cool. 10-Day SMA great for early indications of change, especially when crossing one of the longer-term SMAs for the first time in a long time.
Two other simple indicators that might be of help in this area are Average True Range “ATR” and Bollinger Bands.
ATR is fabulous, as it lets you know the average range for the instrument your trading based on the time frame you’re looking at. This is another way to immediately know when the market has traded outside of the norm.
I don’t use Bollinger Bands these days but this indicator runs lines two standard deviations above and below the current price, so you can see when the price is getting away from itself.
NOTE - The default for ATR is 14 periods and works well. The default setting for Bollinger Bands is 2 standard deviations. This one can be adjusted to 3 if you are looking for even more extended, less frequent deviations.
👊😎
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Yes indeed Sir. I was a full-time prop trader for 6 years and ATR and BB are great indicators to use. I use ATR especially in shorter-term trades to gauge potential profit targets.
Cool. Always interesting to see how people will use it differently. I tend to use it more for entry and will really only look at it on daily weekly monthly time frames. Don’t use it on shorter term stuff. So it’s amazing that we basically use it for the exact opposite things. There’s value in it for everyone and I totally get why you use it shorter term and for profit target. 👊😎
I had put out an inquiry in this reply stream re models that could work where service offered for time designated delegation. If you know of anything, please send through any info. Highly appreciated. Never hesitate to reach out. Best - JK
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Wish I had an opportunity for you (or knew of one). I may one day need to outsource some stuff.
Actually, You may want to check out @oracle-d. The project those guys have going actually sources people to provide service for the clients they procure. They are a good bunch, had the guys on my radio show a few weeks back.
Cheers. That’s good to know as one of the guys over there had reached out to me. I will follow up. Otherwise, might just put something together myself. Have a good one. Really nice corresponding with ya. Best - JK
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I’m just getting started on Steem and good to be here. I plan to offer a more active coverage of markets on a daily basis to help add value in this area. I’ve even hired a special team made up of famous digital assets to help break up the market coverage. Should be fun.
Does anyone know of any mechanisms set up on Steem that would allow services to be offered in return for a 1) minimum delegation, for a 2) fixed lock in period?
I think this could be a compelling use case as it benefits both parties and allows the service provider to offer services without actually taking any payment.
Arguably, it even adds value to the subscriber of the service in that it gets the person into a situation where they are committing to something without putting themselves in the position of moving their currency around like a chicken without a head. 🐔
Best - JK 👊😎
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