Post
Topic
Board Trading Discussion
Re: Trading based on BitMEX Statistics
by
butka
on 28/02/2019, 09:32:58 UTC
Interesting video. I wonder though, can you really use these Bitmex data in live trading? The guy is showing us the Bitmex open interest indicator along with liquidation data but he is doing that in hindsight. What I've learned the hard way is that, when you look back in time, it is super easy to identify these entries and it all looks smooth and easy. However, it is very hard to repeat that in live trading and identify these entry points because you never know whether these massive liquidations will lead to reversal or to continuation of trend. So I would like to see something like that video only in live trading this time.

You might want to check out also this video...
https://www.youtube.com/watch?v=g-cpvQVezAw

OK, this is something more concrete but also hindsight. I see it is an example of reversal trading. I don't like trading reversals, and I don't like trading the short time frames, but it might be worth a shot as the guy is really convincing and gives a concrete strategy. He is trading the extremely short 1m chart, so I guess you have to be really quick in your analysis. I'll keep this in mind and maybe try it down the road to see if it works for me.

Did I understand it correctly that TensorCharts provides these Bitmex indicators for free?

Anyways, thanks for the useful link.