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Mr. Anderson Profile picture
@TrueCrypto28
Jun 27, 2018 • 9 tweets • 5 min read • Read on X
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Simple Moving Average Strategy

Ppl dont like simple strategies. Too bad, that is where the money is at.

I learned this 15+ yrs ago in a Bear market and it changed my life.

Look at the results of this simple play for yourself.

Please RT this so more eyes can see. CT needs it!
Simple Moving Average Strategy Part 2

I'm giving a couple of basic additions that will sharpen all signals including $BTC

The addition is Heiken Ashi candles w/ 3 basic rules

See the chart for details

Don't just like it, Pls Retweet it so more eyes can see it. CT needs it TY!
Simple Moving Average Strategy addition

I did this for someone that asked so I figure I'll post it

This is how this extremely basic system w/ just a few guidelines performed on XMR/BTC recntly

Read earlier post within this thread for the details

Pls Retweet to help others!
Simple MA Strategy w/ the 3 rules given con't on $TRX

Most people seem to hate $TRX, but, I trade it because I like Money

Check out how you would have done this year using this strategy on $TRX

The key is BEING PATIENT & waiting for your signal

Pls Retweet to help others!
My Simple MA Strategy w/ 3 rules applied to $BTC weekly

Don't like the stress of trading daily? I was asked if this works on a Weekly Time Frame? Longer TF's only make signals stronger. See for yourself!

Please Retweet to help others

Crypto Twitter needs these helpful tools
FYI: I generally use a 5/10 on a Weekly TF & some others as it will give you even better performance especially Shorts. But, the purpose here is to show that a conservative simple 10/20 will outperform over time and will provide the protection most are typically looking for
POE/BTC recent action w/ my SMA HA Strategy

I was asked a great question about what to do if something reverses against your position within this strategy

The Strategy treated us well here

But, I noted what you would do if it didnt & also shared my "BEND 10" play (be careful)
@CryptoMichaelT made me realize that the POE charts I posted had regular candles & in fact the HA candles actually did a BETTER job

Having said this, the original pt was to show what you could do if faced w/ some signal adversity so I'll keep that chart up

Here is the right one
Adding an indicator to this thread

A TV indicator was built for my 10/20 SMA HA Strategy for Longs & Shorts by the talented @CryptoNTez

As always, DYOR, & whenever you find a pair you like take the time to confirm the signal was given correctly. Not FA

tradingview.com/script/KaIkPJ8…

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More from @TrueCrypto28

Mr. Anderson Profile picture
May 29
"6 Stages Of A Trader"

If we are to become great traders, we will experience some variation of all six of these stages.

Being aware of these stages can help you identify where you are now and where you need to eventually be.

(Which stage are you currently at?)

Stage One: The Mystification Stage

This is where the neophyte trader begins.

He has little or no understanding of market structure. He has no concept of the interrelationship among markets, much less between markets and the economy.

Price charts are a meaningless mish-mash of colored lines and squiggles that look more like a painting from the MOMA than anything that contains information.

Anyone who can make even a guess about price direction based on this tangle must be using black magic, or voodoo.

However, as one begins to observe, read, and study, the mess may begin to resolve itself into something that may make sense. Sort of... 😉
Stage Two: The Hot Pot Stage

You scan the markets every day. After a while (sometimes a good long while), you notice a particular phenomenon that appears regularly and seems to "work" pretty well.

You focus on this pattern. You begin to find more and more instances of it, and all of them work! Your confidence in the pattern grows, and you decide to take it the next time it appears. You take it, and almost immediately your stop is hit, and you're underwater for the total amount of your stop-loss.

So, you back off and study this pattern further. The very next time it appears, it works. And again. And yet again. So you decide to try again, and you take the full hit on your stop-loss.

Practically everyone goes through this, but few understand this is all part of the win-lose cycle.

They do not yet understand that loss is an inevitable part of any system, strategy, method, or other approach; there is no such thing as a 100% win approach.

When they gauge the success of a particular pattern or setup, they get caught up in the win cycle. They don't wait for the "lose" cycle to see how long it lasts or what the win/lose pattern is.

Instead, they keep touching the pot and getting burned, never understanding that it's not the pot (pattern/setup) that's the problem but their failure to understand that it's the heat from the stove (the market) that they're paying no attention to whatsoever.

So, instead of trying to understand the nature of thermal transfer (the market), they avoid the pot (the pattern), moving on to another pattern/setup without bothering to find out whether or not the stove is on.
Stage Three: The Cynical Skepticism Stage

You've studied so hard and put so much effort into your trading and this universal failure in the patterns only when you take them causes you to feel betrayed by the market, the books and materials and gurus you tried to learn from.

Everybody claims their ideas lead to profitability, but every time you take a trade, it's a loser, even though the setups all worked perfectly before you played them.

And since one of the most painful experiences is to fail when success looks easy, this embarrassment is transformed into anger: anger at the gurus, anger at the vendors, anger at the writers, the seminars, the courses, the brokers, the market makers, the specialists, the "manipulators".

What's the point in trying to analyze and improve your trading when so many dark forces are out to get you?

This excuse-driven blame game is a dead-end viewpoint, explaining many of the things you find on message boards. Those who can't pull themselves out of it will quit.
Read 7 tweets
Mr. Anderson Profile picture
Feb 10
So, you want to be a Technical Trader? 👇👇👇

1. Education & Knowledge:

Learn to understand the markets, various trading instruments, and methodologies. However, your ultimate goal must be Mastery.
2. Trading Plan:

Develop a comprehensive trading plan outlining your strategies, goals, risk tolerance, and evaluation criteria.
3. Risk Management:

Only risk a small percentage of your trading capital on a single trade.

Employ stop-loss orders to limit potential losses.

Understand and manage leverage carefully.
Read 14 tweets
Mr. Anderson Profile picture
Nov 13, 2023
"6 Stages Of A Trader"

If we are to become a great trader we will go through some variation of all 6 of these stages.

Being aware of these stages can help you identify where you are now and where you need to eventually be.

(Which stage are you currently at?)

Stage One: The Mystification Stage

This is where the neophyte trader begins.

He has little or no understanding of market structure. He has no concept of the interrelationship among markets, much less between markets and the economy.

Price charts are a meaningless mish-mash of colored lines and squiggles that look more like a painting from the MOMA than anything that contains information. Anyone who can make even a guess about price direction based on this tangle must be using black magic, or voodoo.

However, as one begins to observe, read, study, the mess may begin to resolve itself into something that may make sense. Sort of... 😉
Stage Two: The Hot Pot Stage

You scan the markets every day. After a while (sometimes a good long while), you notice a particular phenomenon which pops up regularly and seems to "work" pretty well.

You focus on this pattern. You begin to find more and more instances of it and all of them work! Your confidence in the pattern grows and you decide to take it the very next time it appears. You take it, and almost immediately your stop is hit, and you're underwater for the total amount of your stop-loss.

So you back off and study this pattern further. And the very next time it appears, it works. And again. And yet again. So you decide to try again. And you take the full hit on your stoploss.

Practically everyone goes through this, but few understand that this is all part of the win-lose cycle.

They do not yet understand that loss is an inevitable part of any system/strategy/method/what have you, that is, there is no such thing as a 100% win approach.

When they gauge the success of a particular pattern or setup, they get caught up in the win cycle. They don't wait for the "lose" cycle to see how long it lasts or what the win/lose pattern is.

Instead, they keep touching the pot and getting burned, never understanding that it's not the pot (pattern/setup) that's the problem, but a failure on their part to understand that it's the heat from the stove (the market) that they're paying no attention to whatsoever.

So instead of trying to understand the nature of thermal transfer (the market), they avoid the pot (the pattern), moving on to another pattern/setup without bothering to find out whether or not the stove is on.
Stage Three: The Cynical Skepticism Stage

You've studied so hard and put so much effort into your trading and this universal failure in the patterns only when you take them causes you to feel betrayed by the market, the books and materials and gurus you tried to learn from.

Everybody claims their ideas lead to profitability, but every time you take a trade, it's a loser, even though the setups all worked perfectly before you played them.

And since one of the most painful experiences is to fail when success looks easy, this embarrassment is transformed into anger: anger at the gurus, anger at the vendors, anger at the writers, the seminars, the courses, the brokers, the market makers, the specialists, the "manipulators".

What's the point in trying to analyze and improve your own trading when there are so many dark forces out to get you?

This excuse-driven blame game is a dead-end viewpoint, and explains a lot of what you find on message boards.

Those who can't pull themselves out of it will quit.
Read 6 tweets
Mr. Anderson Profile picture
Feb 3, 2023
Envy is the root of all modern evils.

THEY want you to believe that GREED runs the world.

In truth, it's ENVY that runs the world today and envy is far worse

Envy as defined by Immanuel Kant👇
Since the beginning of time every wise piece of literature warned about envy.

The Bible

“A heart at peace gives life to the body, but envy rots the bones”

Greek philosopher Democritussaid, a free and peaceful society would actively seek to discourage envy.
“The laws would not prevent each man from living according to his inclination, unless individuals harmed each other; for envy creates the beginning of strife”

Seneca the Younger: “It is the practice of the multitude to bark at eminent men, as little dogs do at strangers”
Read 6 tweets
Mr. Anderson Profile picture
Feb 2, 2023
#BTC

It’s always fun to listen to financial geniuses talk about #Bitcoin.

They are so close and just don’t get it. They absolutely KNOW that money as we know it is dying & on life support.

Dalio knows we need a replacement, but wants an instant replacement w/ no volatility.
Growing from zero to enormous MUST be volatile

This is the process of shaking out long-term weak hands & transferring them to strong hands

#BTC must bubble, then it digests the bubble & repeats

This is why I give @saylor credit for seeing the light when most rich people can’t
Read 4 tweets
Mr. Anderson Profile picture
Dec 30, 2022
WYCKOFF CLIFF NOTES (Technical Analysis detective work. Learn to study the footprints)

Price moves in waves, not a straight line.

Each major trend is made of many smaller uptrends and downtrends.

When one wave ends, another begins in the opposite direction.
As an example, when the market is in the distribution phase. A ceiling has formed and large traders are offloading stock/coin they previously purchased.

This attracts last-minute greedy buyers and informed traders looking to sell.
Rising markets encounter resistance and if broken, will turn.

Falling markets also encounter resistance and if broken, will turn.

These pivot points offer great trading opportunities
Read 36 tweets

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