Post
Topic
Board Trading Discussion
Re: what idicatars do you use to day trade coins (on coinbas)
by
casey15
on 22/06/2025, 10:33:28 UTC
I use bollingers band
MACD
Chop index
Then base my trade on how long it tops or bottoms so if it took a week i keep my tpsl order open for a week,

But I just got burnred on a tpsl order because one 5 min candle dropped down 5% then went up 6% in 5 min triggering my SL where if there was a buffer that wouldnt happen. So until I can fix that I dont be big amounts.

And im trying to find a volatility line graph and other charts  but some are backwards from others and some dont make sense, I trade small amount a few hundred so it like paper trading but , when paper trading you have no emotions so you take big risks and dont care about losses. But when I lose 10$ I get upset and try to fix it.

So i was big into bit coins 10 years ago but I lost the money so I have about 1000$ to play with.
The concept of the crypto market is basically the same with that of Forex and stock ... So I do think that normal Price action is literally gold... Then understanding market structure and liquidity is a game changer...
   There's really no need for so much indicators however they are not really bad as they can be used as extra confluences but they shouldn't really be the basis of a trade ...just for confirmations.