Search content
Sort by

Showing 20 of 148 results by PrFen
Post
Topic
Board Trading Discussion
Re: Is Scalping even viable in Cryptocurrencies?
by
PrFen
on 28/05/2021, 01:06:40 UTC
Hello Everyone. I currently trade on Foreign Exchange Market and my preferred style is always "Scalping" which involves fast execution, and gaining advantage from short price changes.Thus, I highly rely on technical analysis rather than fundamental. I just want to know if scalping is practical in the crypto world.

oh of course it is very practical, because scalping can make you get profit on a daily,
but for the spot market scalping cannot be done continuously, because we have to look at the market situation first,
play on Binance futures, then you can scalping on a daily with minimal capital.

I personally like EMA 20, 50 and 200 and watching for crossings. I also like RSI, stochastic, TSI, MACD and even CCI. I have my own adjusted settings on each of them. However, you must watch for the candlestick patterns, key daily and local levels, chart patterns (local and daily, sometimes even the longer ones as they are coming near to activation/execution), potential breakouts (small local ones and the stronger ones) etc., all at the same time. Only EMA, MACD, RSI or any other indicator could easily fool you and make you lose. Day trading (including scalping) looks easy, but is actually pretty hard and even a long streak of profits (especially when if beginners get lucky which is not rare) could be quickly wiped out if you are not extremely disciplined and careful and especially if you do not know what you are doing.
Post
Topic
Board Trading Discussion
Re: Is Scalping even viable in Cryptocurrencies?
by
PrFen
on 28/05/2021, 00:41:28 UTC
I have experience in scalping cryptos, especially BTC. I can say you should NOT use leverage higher than 20x (if you are experienced, otherwise do not do this at all) and should not risk more than 1% of your capital per trade, or 2-4% of your capital if you do hedging at the same time on another account. However, if you hedge on other account, you should know when to start hedging, how to scale your both positions to get a profitable distance of the entries in each position and a few other things. I can't explain in a few sentences as inexperienced traders would still fu*ck up this, and experienced ones will know what I mean or will get an idea and figure it by themselves.

I used to use the leverage of 50x and was doing great (in normal days, including the days with high but normal volatility). However, when the idiot (Musk) starts his Twitter BS then you lose your position if you are on the wrong side as in such cases (when the price move 3% or more percent in a few minutes) you can't protect yourself in time when trading with 50x leverage. So remember, DO NOT USE LEVERAGE ABOVE 20x (if you are an experienced trader, otherwise avoid scalping crypto or use max 5x leverage and have a good risk and money management).

Regarding stop losses. There are a bunch of advice that you should always use the stop loss, even that it should be tight. Well, some wannabe traders copy/paste trading advice that they found on the Internet without realizing that those advice was written many years ago and mostly for some low to medium volatile market, definitely not for BTC and other cryptos. If you plan to scalp crypto and use tight stop-loss then good luck as you will most likely be kicked out of your position even before the price action has started. I should mention that after you are out you will then see the price move in your predicted direction. Then you will try to reenter and will experience the same thing. After a few hours you will realize that you lost a few % of your capital only on your stop losses that should protect you, not harm you. The solution is to learn how to trade properly, when to enter and when to exit, where the price could possibly retrace after your entry (that will still not be dangerous to your position) and till where you may scale, when it is reasonable to stay in a position that is in loss and open another hedging position and when you must exit right away without trying to save/protect your position in any way etc.

I personally use several accounts at the same time. One is my main account and I use it for a combination of day trading and scalping, the other is for hedging, the other is for quick scalps only and one is for swing trades when I am confident in a bottom or top. The leverage is not the same on each account, neither does the amount I use. When I trade, I do monitor the market constantly. That is my personal strategy that works for me, but you should not copy it if you are not used to it and don't know to read the market properly (and are not able to monitor the market for hours and updating your turbo short-term TA a few times per hour) as it is not loss-proof. I still lose sometimes, but in general is good and much better than when I used 50x leverage (as then I had some big losses and now I am preventing them). However, trading is risky in any way, so beware Wink
Post
Topic
Board Tokens (Altcoins)
Re: [ANN]🚀BITCOMO| CPA NETWORK on Blockchain - FOR SMARTCONTRACT PROJECTS AND ICO🚀
by
PrFen
on 26/01/2018, 00:33:17 UTC
Hello Devs,

In the White Paper you stated that contribution from the exchange wallet will NOT be accepted, but when I am logged to your platform I see a message that the funds can be sent from ANY wallet. Please let me know what is true?

The second question: is there any minimum for investment at this moment and if it is how much is it?

Thanks

It is very UNPROFESSIONAL that my questions did not get any answer from devs neither community manager
Post
Topic
Board Tokens (Altcoins)
Re: [ANN]🚀BITCOMO| CPA NETWORK on Blockchain - FOR SMARTCONTRACT PROJECTS AND ICO🚀
by
PrFen
on 22/01/2018, 07:07:30 UTC
Hello Devs,

In the White Paper you stated that contribution from the exchange wallet will NOT be accepted, but when I am logged to your platform I see a message that the funds can be sent from ANY wallet. Please let me know what is true?

The second question: is there any minimum for investment at this moment and if it is how much is it?

Thanks
Post
Topic
Board Services
Re: Domaining - get involved into profitable trading with domain names
by
PrFen
on 18/01/2018, 01:19:25 UTC
Still active, discounted price is still only 0.003 BTC
Post
Topic
Board Services
Re: Domaining - get involved into profitable trading with domain names
by
PrFen
on 04/12/2017, 07:28:03 UTC
Still active and the current price is 0.003 BTC at the moment....
Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO] 🔵 UTRUST 🔵 The future of online payments is here.
by
PrFen
on 18/11/2017, 23:04:56 UTC
Yesterday I sent ETH from MEW but I dont see UTK in my MEW account neither in my ETH address where are listed other tokens.

Can someone please let me know the contract address, token symbol and decimals, in the case I need to add it manually to MEW, I no one get these tokens yet and we should wait for the end of ICO ?

Thanks
You will need to claim it later and go through the KYC procedure.

Thanks. I have no problem with KYC
Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO] 🔵 UTRUST 🔵 The future of online payments is here.
by
PrFen
on 18/11/2017, 21:40:46 UTC
Yesterday I sent ETH from MEW but I dont see UTK in my MEW account neither in my ETH address where are listed other tokens.

Can someone please let me know the contract address, token symbol and decimals, in the case I need to add it manually to MEW, I no one get these tokens yet and we should wait for the end of ICO ?

Thanks

They're not using a smart contract for token distribution because they're also accepting bitcoin. The tokens will be distributed after the sale ends (not sure how long).

Thank you. So it is normal that I dont see any UTK in my account and that I did not get any confirmation about my participation?

Do you know which price will be used? I sent ETH yesterday, and today it is worth more. Will they use the price of ETH which was valid in the moment of sending?
Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO] 🔵 UTRUST 🔵 The future of online payments is here.
by
PrFen
on 18/11/2017, 20:52:23 UTC
Yesterday I sent ETH from MEW but I dont see UTK in my MEW account neither in my ETH address where are listed other tokens.

Can someone please let me know the contract address, token symbol and decimals, in the case I need to add it manually to MEW, I no one get these tokens yet and we should wait for the end of ICO ?

Thanks
Post
Topic
Board Tokens (Altcoins)
Re: [ANN][tokens] Next generation cryptocurrency trading platform
by
PrFen
on 07/11/2017, 03:01:38 UTC
What is the current token valuation?

$0.01
Post
Topic
Board Tokens (Altcoins)
Re: [ANN][tokens] Next generation cryptocurrency trading platform
by
PrFen
on 07/11/2017, 01:16:01 UTC
I see based on your assumption you want to get 2.5% of the total trading volume from the global trading of cryptocurrencies and estimating a profit of $18 million per year. Now the question is what I will get from this profit as investor or token holder. I didn't see something mentioned to get some kind of share from this profit, am I right ?

Hello NrX,


This DTR token is not a share in the company, project or any direct equity or asset participation. So, you as an investor are not taking any profits. DTR is a future trading fee that is fully payable upfront and which will be collected any time you trade on the Tokens exchange. Tokens platform will not collect fees to run operations, they will be used to purchase DTR which will later be provably burned by a smart contract. As a DTR owner you have a right to have DTR withdrawn at the time of a trade, but you can also decide to sell your rights on the market as DTR will be a tradable token.


tokens


If I am not mistaken, DTRs will be burned with usage and each use will decrease their total supply?

One more question.....do you accept contribution from the wallets on exchanges or BTC/ETH/XRP should be sent from MEW or similar ERC20 compatible wallet? Where will we get DTRs if you accept contributions from the wallets on exchanges?
Post
Topic
Board Services
Re: Domaining - get involved into profitable trading with domain names
by
PrFen
on 05/11/2017, 16:19:03 UTC
Still active.....the price in BTC is updated to only 0.005 BTC, now 0.003 BTC
Post
Topic
Board Services
Re: Domaining - get involved into profitable trading with domain names
by
PrFen
on 27/10/2017, 14:31:34 UTC
Regular price is $49, but I am giving a cca 30% discount for crypto payment (BTC, ETH, LTC, XRP, XML, ARK, LSK and many others that are interesting to me)

BTC price is only 0.0065 BTC or equivalent in some other crypto

Is it possible bro. I was a SEO and SEM marketing executive for the past 2 years. For advertisement via google ad campaign itself costs more than a amount you quoted.
If this your price it is good to go to purchase the domain with this rate!
Created bbcode designed thread to achieve the better trading.

Sorry, but I am not sure what you want to say Wink

In this thread I offered my own guide in which I wrote exactly what I am doing when trading domains. Regular price is $49, but I am offering a disouct of cca 30% for paying with crypto. Thats all Smiley In this thread I am not selling any domain name.

However, I am familiar with AdWords and SEO and I could tell that it is always better to purchase a quality domain even at high price (and do quality SEO) than paying for AdWords, but that is another subject Smiley
Post
Topic
Board Services
Re: Domaining - get involved into profitable trading with domain names
by
PrFen
on 27/10/2017, 13:45:48 UTC
Regular price is $49, but I am giving a cca 30% discount for crypto payment (BTC, ETH, LTC, XRP, XML, ARK, LSK and many others that are interesting to me)

BTC price is only 0.005 BTC or equivalent in some other crypto
Post
Topic
Board Services
Re: Domaining - get involved into profitable trading with domain names
by
PrFen
on 26/10/2017, 16:24:43 UTC
Discount is active for one more day only...

Hello there,

I am really interested in the service you provide.
Been interested in Domain broking for a while but I have never find a way to get in as I am not knowledgeable in this realm.
Could you pm or something for more information?
Thanks!

PM sent
Post
Topic
Board Services
Re: Domaining - get involved into profitable trading with domain names
by
PrFen
on 26/10/2017, 11:10:05 UTC
Discount is active for one more day only...

Birthday promotion ended, but I can still give you a 30% discount for crypto payment
Post
Topic
Board Hrvatski (Croatian)
Re: 💥💥NOVI Bitcoin ATM Zagreb (Vrbik)💥💥✔️Trenutna isplata✔️ 🏆 Najniži fee 💰💲
by
PrFen
on 26/10/2017, 08:50:19 UTC
Jel netko zna da li je proradio bankomat?
Post
Topic
Board Services
Re: Domaining - get involved into profitable trading with domain names
by
PrFen
on 20/10/2017, 22:01:10 UTC
Still active...
Post
Topic
Board Announcements (Altcoins)
Re: ANN [ICO] 💪 HERO | 🔥🔥🔥ICO CLOSING IN A FEW HOURS!🔥🔥🔥| JOIN NOW!
by
PrFen
on 17/10/2017, 05:21:29 UTC
One question....I invested in PLAY through MEW. Lets say I want to buy some more PLAY directly from another investor. How he can transfer them to my account/wallet? Will it be enough that I just give to him my MEW account address?

In the case I was not clear enough.....lets imagine we both have PLAY added to our MEW account. I want to buy some PLAY directly from you. I give you the main address listed in my MEW account and then you go to the "Send Ether & Tokens" section within you MEW account and send some PLAY to the address I gave you. Is that correct?

No, I dont want to initiate trading before it will be listed on exchanges, but...  Wink

Hey, PLAY works like any other ERC20 Token so what you have written is correct, however, the Tokens are not transferable yet (distribution need some time)

Thanks for your reply. I just wanted to know if that will be the correct process. Thanks
Post
Topic
Board Services
Re: Domaining - get involved into profitable trading with domain names
by
PrFen
on 17/10/2017, 04:59:20 UTC
Oh man, I recommend you check out the DotCom Boom 2.0 AKA Ethereum Name Service (ENS) Domain Names!

Www.enslisting.com
www.codetract.io
ens.domains

.eth domain names have the functionality of a wallet holding Ethereum.

BusinessName.eth
Customer.BusinessName.eth

instead of 42-digit wallet address:
0x3aae4da9a22d518996031791d3bd61f45def6ac7

I believe you can "tie" ENS and DNS domains together. Interesting time for the domain industry!


I am already in .eth domains  Smiley Thanks anyway  Smiley