IgazI wrote::|
hrm.jpg
Were you short?
PowerX Strategy "PowerZ"
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Goonslinger
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Re: PowerX Strategy "PowerZ"
Were you short?
"So let it be written; so let it be done."
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Re: PowerX Strategy "PowerZ"
Goonslinger wrote:IgazI wrote::|
hrm.jpg
Were you short?
No.
Currently just accumulating.
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Goonslinger
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Re: PowerX Strategy "PowerZ"
How long does the accumulation phase typically last?
"So let it be written; so let it be done."
Re: PowerX Strategy "PowerZ"
Goonslinger wrote:How long does the accumulation phase typically last?
Several months to several years. . .
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Re: PowerX Strategy "PowerZ"
See if this indicator tickles your fancy. . .
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SEE POST #1
Last edited by IgazI on Thu Nov 03, 2022 8:00 pm, edited 1 time in total.
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Re: PowerX Strategy "PowerZ"
If I didn't have an immutable bias against the Zuck, I'd start buying below $90 with a 1/3 position size;
I don't think Facebook is going to $0. . .not yet. . .unless Elon connects family and friends, and people migrate over to Twitter
. . . and I don't see my grandparents using Twitter.
I don't think Facebook is going to $0. . .not yet. . .unless Elon connects family and friends, and people migrate over to Twitter
. . . and I don't see my grandparents using Twitter.
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Goonslinger
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Re: PowerX Strategy "PowerZ"
IgazI wrote:Goonslinger wrote:How long does the accumulation phase typically last?
Several months to several years. . .
Oh wow
I was expecting you to say days/weeks!
How do you decide on which direction to trade? Do you take a more fundamental view of whatever you're trading?
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Re: PowerX Strategy "PowerZ"
Goonslinger wrote:
How do you decide on which direction to trade? Do you take a more fundamental view of whatever you're trading?
Which direction? that's easy enough to answer. . .
- price is going up when it is going up
- price is going dn when it is going dn
- the difference between up and dn is a range:
'up' when it has moved up by x.
'dn' when it has moved dn by x.
All time-based charts are traded as price moves away from the closing prices.
I do not use TA exclusively. no.
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Re: PowerX Strategy "PowerZ"
You can either help rich white people pamp their BTC or you can buy that ADA African money (ADAM) 
I think that I am firmly in the minority who think that it is a better investment. . .
I think that I am firmly in the minority who think that it is a better investment. . .
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Re: PowerX Strategy "PowerZ"
This has to be the most common setup:
- blue close over candle
- price closes outside maybe a 3rd of an ATR from its close
- price trades back towards and away from the close over candle
Another common setup is the 'no close over, but price touches the bottom range of the close over candle',
as was the case prior to the red candle close lower, and then price trades up past a 3rd from the rejection candle close.
For the most part, you want to buy V and sell A. . .
while it is never that simple, basic ideas make the best guide.
- blue close over candle
- price closes outside maybe a 3rd of an ATR from its close
- price trades back towards and away from the close over candle
Another common setup is the 'no close over, but price touches the bottom range of the close over candle',
as was the case prior to the red candle close lower, and then price trades up past a 3rd from the rejection candle close.
For the most part, you want to buy V and sell A. . .
while it is never that simple, basic ideas make the best guide.
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