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Ping pong strategy trading


ping pong strategy trading

an uptrending coin. In this situation I would set my buy.00000056 and my sell.00000064. If you use Ping Pong to sell, and the price action turns against you, a potential sale could be missed and a positive trade could turn into a negative one. If I suspect a pump is coming I may decide currency exchange baht dollar to use Rollercoaster as it will ride the price to a peak and then sell after a reversal is confirmed. Generally more successful on higher time frames so that clear support and resistance levels can be identified. You can see the power of this strategy if used correctly. This is roughly a 17 swing at those levels.

Use an alternate strategy to sell based on the price action you project on that coin. This method produces few trades but they are generally high-probability trades. Trading at support and resistance levels trading at support and resistance levels can be a powerful tool for a patient trader. I look at the coin on a 2 hour time frame.

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Momentum Pinboll 3,. Alternate option and one which I prefer: Follow the same process above and define support levels. The advantage work from home jobs long island of this method is that you have a dynamic sell method as opposed to a static one. Basic and Rollercoaster would be my preferences. I see clear lines of support/resistance and I draw them on the chart. Strategy Design, ping Pong is best used for: Replacing manual trading on specific price points. Note: Right click on the image below and choose to show the pic in a new tab to see a large, more easily readable version. Therefor we need to decide at what levels we will trade. Using Basic or Rollercoaster to sell is a safer and likely more profitable method over time. A one hour time frame is common among traders who use this strategy. On the other hand your coin could breakout and pump and then you could sell at a level below where you would have liked.

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