It's important to understand what we're doing!

Hi everyone! It's about to be good night for me because I want Coffee, and I have a feeling I am going to get a barrage of push-notice alerts on my phone.... Unless the cats wake me up first. That worked good on 1 trade a few months back. I'll start off with my favorite trading terminology and that is: "Taking Profits" It doesn't have to be huge amounts, but enough to allow for a profitable re-entry strategy and begin compounding a "percentage of equity" with each trade.

The "DXY" is the US Dollar Index. This index represents the value of the dollar with 100 being the expected norm. Through crypto, many of us have learned about market caps and circulating supply vs total supply. The perceived value of most major assets are valued in the US Dollar. The DXY is one of the primary correlation coefficients used by analysts and market makers

Alexander when the DXY starts moving like a crypto instead of a stable fiat, then other markets can become unstable

If you ever need assistance, we have a repository of trading definitions and strategies in our "Trading and Mining Section" that I've highlighted, cheers!

josephcorey17 Thanks! I'm going to have to spend some time going through the NFT sections.

So We have most certainly learned something new today. Apparently, our current strategy of placing limit orders outside the chop zone of the price action is referred to as "Market Maker" (Picture from CryptoHopper)

Back again with a link to a video that describes the power of Technical Analysis better than I can. These old lectures truly help to expose the essence of what we are trying to code. Way before Crypto, and before computers and graphing programs or calculators, Analysts used to hand draw their charts. Similar to Architects. In the same fashion; there are common templates or "triggers" that can be used to make smarter and faster decisions. With modern backtesting technologies, we can go through historical data to identify "perfect" trade opportunities, and then verify consistency across multiple markets and conditions. For those of us who have been in crypto for a few years, you will get a good laugh at the 17 minute mark. Fundamentals are important, but some technical conditions cannot not be stopped.

One of the difficult parts of developing an automated strategy is making it work universally across all markets. There are almost an infinite number of variables that can influence different assets relative to others. The 2nd most difficult part is adjusting a model for multi-tiered end users. A strategy that works for a trader with $10,000 probably won't work as well with $100 once you start calculating fees, minimum purchase orders, and bid/ask variations in the depth charts/level 2.

Some of the new triggers that we coded earlier today are popping up on SOL

What does "Price Discovery" look like? Sol was a good example. It usually requires "breaking the algo" or pushing beyond the short triggers and resistance on multiple time frames. It looks like ALGO could put on a show for us pretty soon.

Glossary of Definitions for Trading: Page 3

Glossary of Definitions for Trading

Alexander

Never seen this before

Alexander

There is the same support on the DXY

Alexander

I should NFT these and sell them to the Federal Reserve

josephcorey17

Alexander this just made me laugh out loud XD.

Alexander

josephcorey17
It's funny until you realize the direct correlation of the DXY going up causes the crypto market to crash. As if it wasn't obvious by the stupid pump and dumps going on, but I can't get any good action on HNT/BTC.

Alexander

Doing a lot a bit of hyper tuning on 3333 Evergrande with some new % based reversals. The old boomer triggers are getting buffed or booted.
It's very interesting to see how the "Baseline" of our strategy sync'd up exactly with the legendary #PURPLEGANG

Alexander

Good Morning Everyone. Maybe not... today's lesson is the VIX/VXX/UVXY volatility products that cause market crashes. They claim it's a mathematical calculation of blah blah blah with the S&P500. I refer to it as the Violence Index. Our Poptriggers would have warned you of this market collapse

Alexander

Taking another look at the Evergrande($3333) crisis through a Technical lens. Lots of shorting going on, and lots of taking profits(purple arrows) each way. We have multiple over-laying algorithms that can create an almost infinite number of mathematical functions for "longs" and "shorts."
If it were any other crypto or stock, I would definitely set some limit orders down to $2.00. A push up to $2.60 is reasonable. Time will tell.

Alexander

Another update on the US Dollar Index. This is the real reason everything is "dumping." The 94.20 price target has been there for months. Unless Trump magically becomes president, the dollar will collapse after it hits that level. This is all standard practice correlation coefficients.

Alexander

For those that haven't seen "The Big Short," it is a must watch for understanding how FUBAR our financial system really is. With that being said, it is much less stressful to just Buy some dips and take profit on the way up. Shorting can lead to unlimited losses. Let's see how this plays out...

Alexander

According to SEC filings, he has dollar cost averaged up to about $679/share. This is why it's always a good idea to trade small amounts and lock in profits. The markets can stay irrational longer than you can stay solvent.

Alexander

Looks like I'm gonna need to buffer out that XES10

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