Hi, @quickfingersluc I love your videos, was considering trading for some time and I always look for simple no bullshit strategies and ofc you got me amped up like crazy. :)
I know you're busy but if you find time for this one cos i went over all your videos and couldn't find info on this..
I have questions about those spikes trades… So I caught this one and I went on monthly chart to check if it happens before and it did.
https://www.screencast.com/t/UmYbTtITNg
So my problems: When I zoom last spike to 10min it’s like this.
https://www.screencast.com/t/JEYRRMLQmYN
Here is 5 min chart in case needed:
https://www.screencast.com/t/jfSNLXIWIIVC
- Should i react only on first 30% drop?
- What's the time frame from 10 min chart that you wait to go for 50% drop? (so it doesn't slowly grind down...)
My solution for this would be to go back to previous spikes in 10min frames to check how spikes reacts but coinigy doesn’t let me go back that far… As far as I can read from those charts in 60min frames it looks like we get 30% drop but no 50% ones. So are those trades interesting in risk award fashion?
Keep them coming and thank you once again!