create account

Day trading on the minute charts strategy Technical Analysis by isaac331

View this thread on: hive.blogpeakd.comecency.com
· @isaac331 · (edited)
$0.14
Day trading on the minute charts strategy Technical Analysis
*Hello everyone.*

I would like to share my most profitable trading strategy for scalping profits on the minute charts,  using this technique I am able get at around 3% profit daily (some days some 50% depends on volatility) with almost 0 risk, and if I ever get into some risk I try to mitigate damages as much as possible.  That said I do live on the charts  almost 20/7, and I am an opportunist.

First of I would like to say that this is not sure method and I am not telling you should buy at every single signal on the indicators. Also  in my opinion you should treat all day trades as "pump and dumps" what I mean is you should get out of the investment and move onto BTC or something.

That out of the way, my method is a variation of strategies used on the "conventional" forex exchange, also this is not an exact science its pure speculations and any way I can improve its appreciated.

# Trading strategy: 3 EMA based on "Fibonacci scale numbers", Bollinger Bands, Money Flow Index, RSI and MACD

*Now before you crucify me for using so many indicators bear in mind i am extremely paranoid when day trading crypto, so I like to have a lot of indicators.*

If you are new to any of these indicators I can gladly expand on further articles and I will also try to be as clear as possible on this one.

The Moving averages  are well averages which values are taken from closing price of the asset in the period its set to. The strategy behind the EMA lines its rather simple, you wait for the "fast" EMA (the lowest one) to cross above all the other EMA lines, when that happens its usually the start of an uptrend, also when the Price graph its trading above the fast EMA it means its probably going up significantly.

 For this strategy I use EMA 5, 8 and 13.

![599ce3c56d593.png](https://steemitimages.com/DQmQpzcJGCPePMisY1sipiD3dUVoz9GLfKDrnnXB2xeVxzp/599ce3c56d593.png)

See how once the green EMA line cross the rest it goes into bull run. And once the price trades above the EMA it goes really hard.

# Next Indicator its the Money Flow Index; MFI.

Both the MFI and the RSI are oscillators that help us realize when a coin price its oversold/overbought. The MFI uses both the price and volume into the equation. The trading technique behind both oscillators its very simple when the value in the oscillator falls below threshold it means the asset its getting oversold, at that point a reversal its very likely . *Note that it can be a false positive and the value can drop even further you don't want to buy on every signal.* 

![599ce6a6af036.png](https://steemitimages.com/DQmdjMxP1d7e5PbPBtXgAjSJVc4eiPRLYaxHPcnWDRap9su/599ce6a6af036.png)

*This one merged with the last.*

![599ce6f21cc96.png](https://steemitimages.com/DQmVAbZc95JRwP5STHUXNLP2LMfKuCuXqooPTb5moCB6YGV/599ce6f21cc96.png)

*At that point I like to confirm the trend with the MACD* 
![599ce78865dc6.png](https://steemitimages.com/DQmP4qEhb1XqtEvw9JeF1sqawgnr6PoEc8kjMzWVH4H5p6f/599ce78865dc6.png)

# Selling

For the selling we can do the opposite, wait for the MFI to reach an "overbought" status and try to sell of before it comes down. (sometimes its very fast in volatile coins) At this point the hardest part its making sure you sell off the coin and your order goes thru.

![sell off.png](https://steemitimages.com/DQmcZuLHkQPiKtqNhttvf1YJevaB4rb9JgSYCJpnPFus1Wh/sell%20off.png)

So if you hypothetically buy in at the lowest point and sell of at the highest you get a potential 5.34% on that bull run in around 1 hour time frame.

# Bollinger Bands 

I like these to measure the potential trends and paths the price can take. The 2 extremes are at 2 Standard Deviations from the EMA.

![599ce9ab8eb1f.png](https://steemitimages.com/DQmUTinzMKrJV3Uiezd6nF5bxRFsptkQwv5CtGYNANf5zMY/599ce9ab8eb1f.png)

The arrow its signaling to something called the "squeeze" period when the bands are squeezing the price and its on a consolidation period. When the bands widen those are the extremes the value of the coin can reach, Also when the Price graph its above the EMA on the bands its usually a bull run, and when its the other way around its a bear market signal. Again this is a skim overview I encourage you to read further into it.

Happy trading! Isaac.
👍  , , , , , , , , , , , , ,
properties (23)
authorisaac331
permlinkday-trading-on-the-minute-charts-strategy-technical-analysis
categorytrading
json_metadata{"tags":["trading","cryptocurrency","investment","money","bitcoin"],"image":["https://steemitimages.com/DQmQpzcJGCPePMisY1sipiD3dUVoz9GLfKDrnnXB2xeVxzp/599ce3c56d593.png","https://steemitimages.com/DQmdjMxP1d7e5PbPBtXgAjSJVc4eiPRLYaxHPcnWDRap9su/599ce6a6af036.png","https://steemitimages.com/DQmVAbZc95JRwP5STHUXNLP2LMfKuCuXqooPTb5moCB6YGV/599ce6f21cc96.png","https://steemitimages.com/DQmP4qEhb1XqtEvw9JeF1sqawgnr6PoEc8kjMzWVH4H5p6f/599ce78865dc6.png","https://steemitimages.com/DQmcZuLHkQPiKtqNhttvf1YJevaB4rb9JgSYCJpnPFus1Wh/sell%20off.png","https://steemitimages.com/DQmUTinzMKrJV3Uiezd6nF5bxRFsptkQwv5CtGYNANf5zMY/599ce9ab8eb1f.png"],"app":"steemit/0.1","format":"markdown"}
created2017-08-23 02:39:57
last_update2017-08-23 10:10:42
depth0
children7
last_payout2017-08-30 02:39:57
cashout_time1969-12-31 23:59:59
total_payout_value0.121 HBD
curator_payout_value0.017 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length4,242
author_reputation1,534,742,606
root_title"Day trading on the minute charts strategy Technical Analysis"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id12,593,718
net_rshares33,765,048,599
author_curate_reward""
vote details (14)
@karlz ·
thanks for sharing :D
properties (22)
authorkarlz
permlinkre-isaac331-day-trading-on-the-minute-charts-strategy-technical-analysis-20170823t024737701z
categorytrading
json_metadata{"tags":["trading"],"app":"steemit/0.1"}
created2017-08-23 02:47:33
last_update2017-08-23 02:47:33
depth1
children3
last_payout2017-08-30 02:47:33
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length21
author_reputation10,245,768,552
root_title"Day trading on the minute charts strategy Technical Analysis"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id12,594,204
net_rshares0
@isaac331 ·
You are welcome, and thank you for the comment.
👍  ,
properties (23)
authorisaac331
permlinkre-karlz-re-isaac331-day-trading-on-the-minute-charts-strategy-technical-analysis-20170823t025940780z
categorytrading
json_metadata{"tags":["trading"],"app":"steemit/0.1"}
created2017-08-23 02:59:39
last_update2017-08-23 02:59:39
depth2
children2
last_payout2017-08-30 02:59:39
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length47
author_reputation1,534,742,606
root_title"Day trading on the minute charts strategy Technical Analysis"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id12,594,992
net_rshares607,129,600
author_curate_reward""
vote details (2)
@karlz ·
welcome
👍  
properties (23)
authorkarlz
permlinkre-isaac331-re-karlz-re-isaac331-day-trading-on-the-minute-charts-strategy-technical-analysis-20170906t160550256z
categorytrading
json_metadata{"tags":["trading"],"app":"steemit/0.1"}
created2017-09-06 16:05:57
last_update2017-09-06 16:05:57
depth3
children1
last_payout2017-09-13 16:05:57
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length7
author_reputation10,245,768,552
root_title"Day trading on the minute charts strategy Technical Analysis"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id14,063,984
net_rshares0
author_curate_reward""
vote details (1)
@metrade ·
day trading is not for faint-hearted.
more info - https://www.independentinvestor.com/spread-betting/day-trading/
properties (22)
authormetrade
permlinkre-isaac331-2021619t232411795z
categorytrading
json_metadata{"tags":["trading","cryptocurrency","investment","money","bitcoin"],"app":"ecency/3.0.17-vision","format":"markdown+html"}
created2021-06-19 20:24:12
last_update2021-06-19 20:24:12
depth1
children0
last_payout2021-06-26 20:24:12
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length113
author_reputation349,842,527,546
root_title"Day trading on the minute charts strategy Technical Analysis"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id104,434,024
net_rshares0
@thefollower ·
Great post you earned a new follower from @thefollower -_- Like money? Read my blogs for more!
👎  
properties (23)
authorthefollower
permlinkre-isaac331-day-trading-on-the-minute-charts-strategy-technical-analysis-20170823t025053888z
categorytrading
json_metadata{"tags":["trading"],"users":["thefollower"],"app":"steemit/0.1"}
created2017-08-23 02:50:24
last_update2017-08-23 02:50:24
depth1
children1
last_payout2017-08-30 02:50:24
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length94
author_reputation-258,239,598,305
root_title"Day trading on the minute charts strategy Technical Analysis"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id12,594,392
net_rshares-319,370,577,454
author_curate_reward""
vote details (1)
@isaac331 ·
Likewise :)!
👍  
properties (23)
authorisaac331
permlinkre-thefollower-re-isaac331-day-trading-on-the-minute-charts-strategy-technical-analysis-20170823t030009292z
categorytrading
json_metadata{"tags":["trading"],"app":"steemit/0.1"}
created2017-08-23 03:00:09
last_update2017-08-23 03:00:09
depth2
children0
last_payout2017-08-30 03:00:09
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length12
author_reputation1,534,742,606
root_title"Day trading on the minute charts strategy Technical Analysis"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id12,595,023
net_rshares50,862,948
author_curate_reward""
vote details (1)