Let's face it every trader to be successful with a winning trade must use method and discipline.
The most important thing is to choose the entry point and the exit point. Many use trading systems and are becoming more and more successful.
I am not a programmer and I find it difficult to learn so I created my own method which I explained here: https://www.publish0x.com/trade60/my-profitable-trading-method-xpnejqe
But I had to stand in front of the graph a long time before it gave me an entry signal.
Now I'm using another system that I find freely on the internet at https://www.tradingview.com
As we can see BTC is breaking today an uptrend line marked in blue, if it were to confirm at the close it would be an excellent bullish signal with a target of $ 60,000.
But let's get back to what interests us, in the tradingview site there are several indicators and trading strategies, for my approach I have identified two that are free and are listed: "williams trailing stop" and "fractals" as you can see there they automatically generate entry and exit points even with stop losses.
Let's see the same 4H chart:
Finally we see the one at 1H:
In intraday trading I use a 15-minute chart, if you give me the signal and the 1H chart confirms the trend I enter position.
The nice thing is that I can set an alarm on email or mobile phone making my life easier and without having the stress of choosing.
I hope you enjoyed this article and thanks for reading. If you have any doubts or questions ask in the comments.
Charts from tradingview.com
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This article does not contain investment advice. Every investment and trading move carries a risk, readers should conduct their own research when making a decision.
THE OPINIONS EXPRESSED BY THE AUTHOR ARE PERSONAL ONLY AND FOR INFORMATION PURPOSES AND DO NOT CONSTITUTE FINANCIAL, INVESTMENT OR OTHERWISE ADVICE.
Thanks for reading I look forward to your comments
