OH MY GRID... Chart Art (Like & Share)OH MY GRID...
Poetry: Crypto Grid Traders Poem.
I’ll tell you no fib ,
I’ll tell you no lie,
My grid is all set up
with a range of 7.55
Perhaps price will go up,
Or maybe zigzag to the side,
But my grid is all set up,
Ready to buy low and sell high.
I wave goodbye to Elliot
As I point him to the door.
See you later, oscillator ,
My grid bot will handle the chore.
No more watching candles
No more staring at my chart .
My grid is all set up, I say
OMG… let’s start start start!
Poetry and Chart Art by Dan Hollings
My name is Dan Hollings, I'm a Master Grid Trader. I can teach you what I do and before long (maybe even tomorrow) , you could be making money in the grids!
HOW DO I LEARN MORE?
1) Review my related IDEAS and TUTORIALS (linked below)
3) Explore my GRID INDICATORS (linked Below)
PLEASE HIT THE LIKE BUTTON (and follow me... for Chart Art, Tutorials, Indicators and More!)
As always, I appreciate your support. Please share with others.
ENJOY!
Dan Hollings
Master Crypto Grid Trader
Please Explore My Other Indicators, Scripts, Grids and Educational Ideas.
@ DanHollings on Tradingview.
GRID
HOW TO GRID TRADE: Keys To Your Lamborghini (A to Z Tutorial)Science Has Proven That Reading This Education Post Will Either Put You To Sleep or Put You On Your Path To That Lamborghini.
Let's Start From The Beginning... (Print this entire tutorial as a reference)
WHAT IS GRID TRADING?
Grid trading is a type of trading, typically managed by a dedicated Grid Bot.
In a nutshell, you select a range, you divide your range into equally spaced buy/sell grids (like trip wires, sorta).
As prices zigzag up and down, your “trip wires” trigger buys and sells catching profits for you incrementally all along the way!
If you start your grid as the market ranges sideways (which is 70% of the time) or when it is in a gradual upward ranging trend (15% of the time) then you are going to make money most of the time.
Your goal in grid trading is to have price zigzag within your grid range as long as possible with a price exit from your grid out the top.
About 15% of the time the market will ranging downwards but worry not, many times even if price exits the bottom of your grid, you may still earn a profit or at worst, have a minimal loss.
Grid Trading requires far less skill and less management than most other types of trading -PLUS- it has far less risk.
Many grid traders make better returns from grid trading than they do with any other trading strategy.
Can you lose money grid trading? YES, but with a little knowledge losing money is hard. A consistent grid trader is a winning trader.
BIGGEST BENEFITS OF GRID TRADING?
It reduces your addiction to chart watching.
It allows you time to eat, sleep drink and be merry.
It allows you to exploit trading opportunities around the clock
It allows you to manage your risks without emotions
It allows you to follow a predefined trading pattern that often beats the ROI (Return on Investment) you're getting from other hands-on trading strategies.
It allows you to trade with less concern about price direction.
It may be a faster way to that Lamborghini everyone is always talking about!
WHAT DO YOU TRADE EXACTLY?
You may trade any cryptocurrency pair. For example, if you have QUOTE currency in USD (or USDT) you would use that to buy a BASE currency (like BTC) within your grid range.
It all starts with an initial investment to get the ball rolling
Then your BOT will buy or sell an equal amount at each grid line
Buy and sell gridline "hits" are replaced with new limit orders gridline-by-gridline as you go along.
Buy and Sell fees are whatever your selected exchange charges (over 25 exchanges are available).
HOW DO YOU EXIT OR QUIT A GRID
If prices exit out the top, you take your money and run! 100% profit.
If prices exit out the bottom, give yourself a little wiggle room but you can pre-set a stoploss. Sometimes your earlier grid gains will equal or exceed any loss your stoploss might incur... like magic!
Many grid traders only trade assets they don't mind holding (like BTC or ETH) and thus never use a stoploss.
Remember: It is far better to take a smaller loss and move your grid to a new range than to get stuck in a coin you do not want to hold.
HOW MONEY DO I NEED TO GRID TRADE?
$100 would be a good start on the lower end.
$1000 (or more) would allow you to run multiple grids simultaneously (which is a good idea).
Regardless, you must follow good money management rules and avoid over investing in any one grid. 5% max of your investment capital per grid and never more than 50% of your capital across all grids will keep you in the game so you can maximize your profits.
Remember, the Wright Brothers were NOT shooting for the moon at Kitty Hawk. They merely want to get off the ground!
10 REASONS MOST TRADERS ARE NOT GRID TRADING?
1) It's a macho thing.
2) It seems too easy.
3) It seems too good to be true.
4) They've never heard of it.
5) They don't know how to automate the strategy.
6) They love watching charts all day, drawing and re-drawing their Elliot Waves.
7) They paid big money for a signal service and are waiting for the big winning signal.
8) They are waiting to catch the next blast off TO THE MOON!
9) They tried umpteen other strategies and are now flat broke.
10) They thought grids were a side dish often served with bacon and eggs.
12 QUICK TIPS FOR STARTING
1) Open a grid bot account to assist with your automation requirements.
2) Connect your bot to your preferred exchange.
3) Start with a cryptocurrency you trust (BTC , ETH or a top 10 coin) . Something you'd be ok holding (HODL) if worse came to worse.
4) Wait for a market where you expect or anticipate sideways or slowly upward ranging price action. Use my indicators to help you nail winning grid areas.
5) Keep your total grid range (lowest grid to highest grid) within 4% to 8%.
6) Select a grid count that renders your grid spacing (distance between each grid line) to a space comparable to typical zigzags you see in recent price action. Typically a .5% to .6% spacing between gridlines (as measured on your Tradingview chart) is a good place to start.
7) After your settings are enter in your bot, click the BACKTEST button. Double check settings, make tweaks, backtest again until you are happy.
8) Invest MINIMALLY on your first few bots (say $100 or something you can afford to lose) . Think of your first grid bot as a "learning experience."
9) Set a stoploss below your grid (there is a setting within the bot for this). If you don't mind holding the coin if prices temporarily drop, then you can forego a stoploss.
10) Don't dream of riches, instead anticipate all goes well and you get a rather healthy ROI (better than a bank and perhaps better than your trading results/ROI using other non-grid strategies).
11) If your first bot does not go well (worry not, remember the first time you tried to ride a bicycle?) . Review what happened and try again. 3%, 5%, 8% gains might be just around the corner. Many people following my strategies are achieving 20% or more in gains over average 3 to 20 day periods.
12) Give your bot time to "do its magic" (perhaps 3 days, a week or longer) ... as long as prices are within your range, you can leave your grid up and running. Move your grid if price range changes.
HOW DO I LEARN MORE?
1) Review my related IDEAS and TUTORIALS (linked below)
3) Explore my GRID INDICATORS (linked Below)
HOW DO I AUTOMATE MY GRID STRATEGY?
Explore further help and links at the bottom of this tutorial.
PLEASE HIT THE LIKE BUTTON (and follow me... lots of great stuff in the works!)
As always, I appreciate your support. Please share with others.
ENJOY!
Dan Hollings
Master Crypto Grid Trader
Please Explore My Other Indicators, Scripts, Grids and Educational Ideas.
@ DanHollings on Tradingview.
Straight From The Horse's Mouth... BTC Is Off To The Races!Here I am, sitting back with a cool bubbly, not a worry in the world.
My BTC trade is 1.2% in profit already, yet the current price is near where I started... How could that be? Maybe BTC will go up, maybe it won't, it's not me worry. I'm likely to make 6%+ on this trade regardless, but even if I'm off a bit... I'm 99% sure I'll walk away with a profit.
WHAT'S MY SECRET? I have a horse story you're going to love (read on)...
How do I do this? Meet Ol' Mr. Gridley...
Actually what I'm doing is pretty easy. But I get a little help... I just jump on Ol' Mr. Gridley here and I'm off to the races. Mr. Gridley is not the horse he used to be, he ZIGS he ZAGS... he never goes in a straight line. Sure, I pick the race track he runs on (and I have some handy indicators that help me do this) and I point him in the general direction, but once Mr. Gridley heads out of the gate, I just let him do his thing.
Now here's where this horse story gets interesting. BTC, ETH, LTC and quite frankly all the crypto coins out there, well guess what? They pay Mr. Gridley all along the way. He zigs down and buys a little, he zigs up and sells it right back. You know... BUY LOW, SELL HIGH. He's a pretty clever horse! It really adds up... in fact me, my friends and my followers mostly make more money riding Ol' Mr. Gridley than betting the bank on a moon shot and sweating out the charts.
In fact, Ol' Mr. Gridley has been doing this so long, most the time I don't even ride him. That's right! I give him his favorite oats, maybe an apple, I point him in the general direction and he goes it alone. Mr. Gridley loves this... I mean, totin' me around all day and night ain't no joy ride! So I let Mr. Gridley run solo and he brings back the money - 100% automated - simple as that.
How long, how much?
Sometimes in a few hours, sometimes in a few days. Just last week he came back after 3 weeks with a 29.44% return! On another occasion, he brought back 9.66% in 14 days -AND- 9.66% in 14 days -AND- 26.98% in 7 days 14 hours -AND- 11.08% in 13 days 8 hours -AND- 18.3% in 3 days. Yada, yada... stop by my discord sometime and I'll show you all my screenshots and proof.
Now you're thinking...
How many people can ride Ol' Mr. Gridley? What if I want to race him on multiple crypto tracks at the same time. How might we do that?
Here's the good news, there's a whole herd of Gridleys out there. Pappa Gridley's, Momma Gridley's, Baby Gridley's, they're everywhere (if you know what you're looking for). Yes some are better than others, they don't all make money. Bummer huh? But you can learn how to pick a winner, it's easy... it's all comes with a little training and the right tools. It's about knowing WHAT to look for, what to feed them, and how YOU can get "GRID SMART" yourself.
I'm here to teach you the ropes.
YES, you can do this! It's easy, safe, and fun. Plus you can HAVE A LIFE beyond watching charts.
My name is Dan Hollings, I'm a Master Grid Trader. I can teach you what I do and before long (maybe even tomorrow) , you could have Ol' Mister Gridley working for you.
HOW DO I LEARN MORE?
1) Review my related IDEAS and TUTORIALS (linked below)
2) Join my Grid Masters Discord Community
3) Explore my GRID INDICATORS (linked Below)
HOW DO I AUTOMATE MY GRID STRATEGY?
Go here: cryptogridbot.com
PLEASE HIT THE LIKE BUTTON
PLEASE HIT THE LIKE BUTTON
PLEASE HIT THE LIKE BUTTON (and follow me... Mr Gridley gets ornery if you don't LIKE him!)
As always, I appreciate your support. Please share this with others.
A Horse Is A Horse, Of Course, Of Course!
Dan Hollings
Master Crypto Grid Trader
Host of the "High Leverage Lounge"
Please Explore My Other Indicators, Scripts, Grids and Educational Ideas.
@ DanHollings on Tradingview
Crypto Grid Bot
cryptogridbot.com
Crypto Grid Master Discord
cryptogridtrader.com
Looking for a new GEM 8 ( shit coin in crypto )Chart speaks itself! Less is More!
Nothing to say here. I got my bag and waiting for it.
Avoid going long below the last support level that built in Nov 2016.
It was the time when I Joined the crypto.
For a safe trade, You can wait 1D Chart open-close above 0.0055 !
What I really want to say is that ;
A Harvard professor once asked his students to do a special report on fish. His scholars went to the library, read books about fish, and then wrote their expositions. But after turning in their papers, the students were shocked when the professor tore them up and threw the min the waste basket.
When they asked him what was wrong with the reports, the professor said, “If you want to learn anything about fish, sit in front of a fish bowl and look at fish.” He made his students sit and watch fish for hours.
Then they re-wrote their assignment solely on their observations of the objects themselves. Being a student of the market is like being a student in this professor’s class: if you want to learn about the crypto market, you must observe and study the major indexes carefully.
In doing so, you’ll come to recognize when the daily market averages are changing at key turning points—such as major market tops and bottoms—and learn to capitalize on this with real knowledge and confidence.
TRADE SMART!
STRUSD | D | SINE WAVES GRID SETUPHarmonic sine wave grid at work. enjoy!
zoom out view:
Cheers,
Keops
BTCUSD Buy strategy (Investor style)BITFINEX:BTCUSD
Trend
- Major uptrend can confirm when price break 12000 and stand.
Possibility
- Range in 9000-12000 , pull back at 9000 Buy power win
Key support - resistance
- 12000 Resistance
- 9000
- 6000
Chance for investor
Buy zone : 6000-9000
TP : All Time High , All Time High+
SL : 0 (Leverage 1-1 Buy and hold)
- For high volatily product
Risk-Reward - Expected Return
Entry at 50% All time high ,and TP at All Time High
- RiskReward=1
- TP set at All time high + , RiskReward >1
- Entry below 50% All time high, RiskReward >1
ex . Invest with $1000 at 50%All Time High , Can gain up to $2000 at All time high
Money-portfolio management
- Diversification your portfolio, by pick products from different asset class
Invest with 2-3% of your portfolio or up to 10-35%
ex. Portfolio size= $10000 , Invest in BTCUSD with 10% ($1000) by SL=0 , leverage 1-1
Notes
- Trader could use Grid strategy to generate cashflow/Collect coin-CFD contract at Grid ex. 6000 7000 8000 9000 10000 11000,
- Cashflow can generate capital-margin for position at 9000 or lower
- Invest with size that you could accept loss
- This strategy is good for investor whom believe in performance of product BTCUSD - longterm
BCHUSD Buy Strategy (Investor style)BITFINEX:BCHUSD
Trend
- Uptrend in medioum - major timeframe could confirm when price breakout - stand over 1570 and 2000
Possibility
- Range in 880-1500/2000 waiting for market choose direction in midium time frame
Key support - resistance
- 2000 Resistance
- 1500 Resistance
- 880 Previous Low
Chance for investor
Entry - Buy zone : 880-1570
TP : All Time High , All Time High+
SL : 0 (Leverage 1-1 Buy and hold)
- For high volatile product
Risk-Reward - Expected Return
At Entry point 50% All time high ,TP at All Time High
- RiskReward=1, (if TP higher than All Time High : RiskReward will be 1.x )
Buy margin $1000 at 50%All Time High can growth up to $2000 at All time high
- You could gain Risk-Reward by Buy below it (50%)
Money-portfolio management
SL=0, Margin use 10-35% of portfolio
ex. Portfolio size $10000 , use 10% ($1000) as Margin to trade BCHUSD by SL=0
(Invest 3% or 10%-35% up to your confident in use case of these Alt coin in far future)
Notes
- Trader could use Grid strategy to generate cashflow/Collect coin-CFD contract at Grid ex. 1000 1200 1400 1600
- Cashflow can generate capital-margin for position at 2000 or lower
- Invest with size that you could accept loss
- This strategy is good for investor whom believe in performance of product BCHUSD - longterm