Sometimes it is difficult to study the tricks of the market, because there is no 100% perfect strategy. In any case, you never know what the best solid trading system is and what is best for you as a trader. As a strategy, the goal is to have at least 3 spikes for each trade you make.
A number of traders, both experienced and novices, had problems with the market structure of the boom and crash. If you sell boom boom-500 and boom-1000 and crash crash-crash-500-1000 assets, for example, you can observe the boom market by selling default assets and crash assets by purchasing default. For currency pairs, the boom / crash structure can be bought and sold with spikes or even periods of ticks.
As a side effect of foreign exchange trading, the Boom 500 and Crash 500 Synthetic Indexes are tick-based simulations of stocks on a single futures asset (the Boom 500, which simulates 100 company stocks) over time and since it has no known components it is difficult to study the tricks of each market and there is no 100% perfect strategy. Many simulated markets, including the boom and crash index, are profitable because the index itself is a volatility index. When trading synthetic indices or currency pairs, you don’t have to be good at fundamental analysis to find it easier to do technical analysis to place trades and profits.
A good understanding of market trends and chart discipline is required to master the trade with the BOOM 1000 Index and the CRASH 1000 Index. Personally I trade synthetic indices rather than currency pairs, so I’m not good at fundamental analysis, but I find it easier to do technical analysis and place my trades. Trading these two indices requires good analysis, as traders need to identify support and resistance to trading.
In retail, the BOOM (RSI) indicator is a strong buying region (price floor) and the CRASH (500) RSI indicator is a strong selling area (price ceiling). If we are caught in a spike, we wait for the market to hit EMA9 and if it breaks through (no more than 3 small candles), we stop the trade and apply the crash and BOOM. The synthetic index 500CRASH1000 and CRASH-500 is an aspect of foreign exchange trading where the 500 index averages a price decrease every 1000-500 ticks. BOOM means the 1000 and 500 index average an increase in the series that occur every 1000 and 500 ticks.
BeanFX Boom and Crash Scalper helps boom and crash traders make quick profits by trading the BOOM and CRASH indices. Figure 5-7 shows the price action table observed in the crash and boom markets. Price analyses and reviews can be found on the weekly boom / crash review page with a quick search for potential boom or crash spikes.
Never make a miscalculated move or try to make a trade if the conditions are not met or you lose your hard earned money. The movements of the underlying assets determine your AC gains and losses depending on the position you occupy. There is no lie in a trading strategy that respects price actions.
Returning to the above picture, you can see how important it is to identify resistance – as most peaks come from resistance ranges – so if you trade Crash 500 or Crash 1000 – the conclusion is that the strategy needs to be reconsidered until you understand how the charts move. I urge newcomers to practice on demo accounts and trade with small capital so that you can learn how to deal with emotions. Crash 500 should be respected as resistance and support of trade.
Wait in the M1 timeframe until EMAs and RSI are in an overbought range. If 50 EMA exceeds 200 EMA and goes down, this indicates a strong signal to start selling, as our conditions in the RSI are met. When a spike comes, wait until the price drops back below $13 to get back in.
My name is Patrick, I am a professional foreign exchange and equity index trader and have been in trading for over 9 years. The beginning of trading boom and crash markets began as a trading adventure for a scalper.
In fact, in my first year trading I experienced over 95% of the boom and crash traders I met as a scalper. This confirmed to me the way the market was structured, that peaks and booms were buy / crash / sell situations, that there was a low risk / return ratio, that the days of swing trading were over, and that there were small lots of all sizes.