I have been getting direct messages from a few friends from the #cn group asking me why would I have such decision to buy/sell at certain time. I was merely answering the question. Reason being, trading can be very subjective. A same chart, 2 technical analyst could come up with an entire different view point and made a different decision. Let's put up the chart on what I'm doing. I will use XRP as an example.
The candle sticks chart is clean. There's no nothing in it. Now we can start to mess it up with things I like to see. If you do not remember, I shared my setup a week ago when I started this diary. I will include RSI and MACD in the screen to help me justify whether should I buy or should I sell.
First put up the RSI, setting is default
And then, setup the MACD. Setting is also default
Except one thing, I like purple, so I'm gonna change the color.
Done setup my chart. It's simple, clean and efficient. I like fancy charts, they're so nice to see and probably looked damn cool when being asked by others what am I doing infront of the screen, I would probably say, "Yo man umma tradin yo, its cool yo" like that? Seriously, no. I rather keep it super clean and simply. Amongst all the fancy charts, I like Ichimoku, but I have no idea how to use that just yet. So, I am going to keep it very simple straight forward as how I trade and what I trade.
It's simple stupid but effective. So, here's some readings about RSI and MACD. Go start reading if you want to find out what I did and how I did it.
Investopedia talks about RSI
Investopedia talks about MACD
There's no shortcut, not for you neither for me. We gotta learn some point, like it or not if we stop learning, we're getting left behind. I am starting to catch crypto now, hence this series of trading / learning diary has been written. Trust me, they seem like shit post, but they're not. Under what circumstance a shit post would bring me knowledge that will probably make me a small fortune by trading? Probably non-existed. Here's my recent trade started since last Sunday.
There's nothing to see here. Am still shorting yet another position on EOS. Long term trend could still be going up, hence tentatively I had a BUY LIMIT at around $5.7
I would like to thank all my friends and family who have been supporting me. Feel free to leave me feedback by clicking below yellow banner.
谢谢大家一直以来的支持和对我疼爱有加。如果方便，请你点击下图到我的个人资料网页为我留言请我吃星星哈。
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