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RE: Trading STEEM, Bitcoin, Crypto's with Ichimoku Kinko Hyo
Great post! This is exactly what I was looking for.
What timeframe would be suitable to look at for beginners. 4 hours? Also which timespan for the candles do you recommend?
Do you have any preferred platform for trading and charts? Is it possible to set up automatisms or are there platforms that can at least give an audio note if there is a certain pattern visible? It would be interesting to hook it up with a few lines of bot code and see how well code can trade hehe :)
I suggest taking the daily timeframe at first, it is slower and day by day you will become accustomed to the Ichimoku signals and how well they perform. I use TradingView for the charts, for trading itself I like BitStamp for BTC-USD, Kraken for ETH-USD and XBT-EUR...
There are automated trading techniques with this indicator but not too familiar with the coding... I would suggests to take a discretionary instead of mechanical approach as you need to consider all of the components together for best results...
Thanks for the reply! :)
Okay will definitely check it out. Most of my previous trading was based on plain gut feeling that can easily work out as well. But I always felt a bit bad about not understand much about the common trading practices and signals. Are you planning on more information about those in your future posts?
I would love too more tutorials from you.
I will be uploading more on strategies I think work, frankly things like MACD, RSI and the like I do not think are very good indicators, at least for me personally. The next one will be the fractal method.