Cryptocurrency Tip - Coin Monitoring Board (CMB) 2.0 Tutorial & Practical [PART B]

PLEASE IF YOU HAVEN'T LEARNT PROPERLY, WE ENCOURAGE EVERYONE SHOULD BE ON TEST MODE NOW DO NOT PURCHASE YET UNTIL AFTER THE TRAINING

Mr peter has done a lot to provide us A tool that can eliminate poverty in Nigeria but  you have to know how to use it effectively, so therefore Continuing from the FR

The Activity around a coin is covered by the FR. However another thing you should note is the PRR - most of is already know that The GAP - CPP = PRR expressed in %age

The PRR tells you if you are getting the COIN at a fair price or not. The Top table give you the suggestions and can be compare by the direction buttons on the header.

I will expect that you would familiarize yourself with these elements and study how frequent these price movement occur.

It is not necessary to BUY or SELL when your targets are not met. Your Targets should centre around High Activity and Price Fairness

High Activity ensures you may exit a trade faster, Price Fairness ensures you exit most likely at a Profit

What CMB 2.0 IS NOT

1. CMB 2.0 is not a market manipulator
2. CMB 2.0 doesn't do anything on the market.
3. CMB 2.0 It just reports by gathers relevant data to aid your choice using the power of the comparative.
4. CMB 2.0 is not at fault if you get stuck on a trade.
5. CMB 2.0 is a tool that aids choices. It stops at that.

WHAT CMB 2.0 IS

1. CMB 2.0 is a powerful comparative Tool.
2. CMB 2.0 has the manual and auto mode of trade.
3. CMB 2.0 keeps up to date market information and doesn't have data of its own.
4. CMB 2.0 relies on your connection strength to feed you with upto date data.

- Some people have said they get different data on the exchange from what they see on CMB 2.0

It isn't possible because CMB 2.0 pings using your API key so it does have data different from what he sees on the exchange but however if you see a red notice on the top part of the CMB 2.0 that means CMB 2.0 isn't reaching the exchange.

The CMB 2.0 relies on your intelligence to WIN so CMB 2.0 is both as wise and as foolish as you are.

So we will take you a step further

The AUTO is the last thing we will treat. What I would like to mention now is the TEST & WATCH LIST

We will all fire a trade at the same time but in your CMB 2.0 you have 2 Databases

1) Active 

2) Test

The Test database is active when you are on the TEST mode. When in test mode the CMB does do actual buying however it pings the exchange to track your Price Bought with the Highest Bid.

So the TEST mode is for you to create scenarios to choose from the characteristics of your interpretation of the price behaviour.

So throughout this tutorial you are to use the TEST mode to BUY and SELL

There are 4 state per Trade…

You have the BUY ORDER | BOUGHT | SELL ORDER | SOLD

When you buy the App pings the exchange to FILL your Trade and may Get filled if that price is available for your require quantity.. If it is NOT totally available it keeps the remaining QTY as BUY ORDER and gradually fills it.

The reverse goes for the SELL

Trade Decisions;

We can decide to choose using the following metric;

1. The coin with a very high liquidity IRRESPECTIVE  of other metric qualities.
2. The Coin with a very high PRR.
3. Or A coin that has the strongest FR and we may decide not to bother about the PRR…

So we click on Start Buy. You are expected to SORT the PRR to get the highest

Ok click on the Start Buy. Now you can place your BUY. This time choose target and leave the default 2.25%.

CMB 2. 0 has 2 very important features which you must know and understand before using to trade crypto

Below are the 2 Features in CMB 2.0

1: frugality Ratio

2: Price Ralative Ratio

let us start by explaining  FRUGALITY RATIO to your understanding

FRUGALITY RATIO AND IT FUNCTION IN CMB 2.0

there are 4 thing that make up Frugality ratio

A:  Exchange trend; an exchange trend help you to know the last BUY PRICE  and the last SELL PRICE  on the exchange such as bittrex or bitfiniex. it aslo let you know if actually people  are trading on the coin you are about to buy so exchange trend will give you 25% score if people are trading buying and selling the said coin the function of exchange trend is to help you not to buy DUMP COIN. so if you are buying a coin, check the exchange trend to see if it has 25% score at the moment. if it does not  have don't buy such coin

B: MARKET CAP; market cap gets its data from Coinmarketcap.com . It help you know if people are buying and selling the coin outside of your exchange (edited) eg. summing you are trading using bittrex, Market cap help you know if people are buy and selling the coin on other exchanges such has yobit, cryptopia, poloniex etc

it tells you degree of how the coin are doing outside your exchange, the more people are buying the coin the more it price rise and the more people are selling the coin the more the coin price fall, so if a coin price fall in the Coinmarketcap, it will definitely  affect the coin price in your exchange negatively

so the function of Market Cap is to analyst the coin and tell you if there are more buyer than the seller of that particular coin in the past 1 hour if there are more buyers, it gives you 25% score and if there are more sellers it gives you 0% score

C: LIQUIDITY; Liquidity is almost the same with Market cap but it only read the BUY and SELL  section in your exchange

Liquidity  help you know if  more  people are placing Buy order than the sell order in your exchange the more people are place or filling buy order form, the more the coin price will sharply rise within 1 hour. The more people are placing or filling the sell order form, the more the coin price will fall within 1 hour liquidity will gives you 25% score if there are more people intending to buy the coin than the sellers so only buy a coin with liquidity score of 25%

I mean you can joke with 2 things but you must never joke the other 2. You can buy coin without market cap and 1 hour impact, but you should never buy a coin without Liquidity and Exchange trend except that coin is pump and dump (will explain this better with picture as example when we get to PRR) so the total score of Frugality ratio supposed to be 100% but you can buy coin from 50% to 100%.

Now let look at PRICE RELATIVE RATIO (PRR)

there 2 things things that make up Price Relative Ratio

1; Global Accepted Price (GAP)

2; Current Perceive Price (CPP)

1; GLOBAL ACCEPTED PRICE is the price everybody in the whole world is seeing in the coinmarketcap.com. this price is generally accepted buy crypto investors, traders and exchanges depends on the Global accepted price in order function well

2; CURRENT PERCEIVE PRICE is the last bid  price you are seeing in the exchanges eg bittrex, so CMB 2. 0 bring this 2 valuable data together to produce PRR knowing that CPP will always run toward GAP. So each time GAP is greater than CPP profit is produced. the Higher the distance between the GAP and CPP, the more profit will be produce this is how PRR is calculated

GAP - CPP = PRR

PRR is express in %

The higher the % the more profit your coin produce. Before you buy a coin make sure your PRR is positive. never you buy a coin with negative PRR

Secondly don't buy a coin with 0.00...% PRR. try as much as possible to buy a coin with at least 0.15% PRR in whole, to buy a coin you must consider 3 very important factors which are exchange trend, Liquidity and PRR

But if the coin is PUMP and DUMP coin you can still buy it with high PRR only see the picture below

Smart trader will buy it because the PRR is extremely high, meaning people are buying the coin on the other exchange except bittrex at the that moment which make the GAP to rise very high. So when people in bittrex begin to buy the coin the CPP will jump up at once to meet the GAP and drop down again

What emotions should a trader have

If you would miss all our sessions, just dont miss this one. There are certain things that are important if a trader would succeed consistently in trading. A trader must have the right emotions.  There are a few things a CMB trader must have at the back of his mind

1. Your BTC are like seeds.

2. Your Profits are fruits.

3. When your seeds die they can resurrect.

4.Keep Seeds as Seeds.

5. Keep Fruits as Fruits.

6. All your seeds must die before they grow.

We are going to treat these one by one as lots of problem a trader has stems from these facts. It is one to know the fact it is another to apply it

1)When you put e.g 200K into BTC to trade don't bother what becomes of the whole 200k anymore, just split the 200k into different trades. Like a farmer would when he plans his seeds

2) If you had splitter 200k into 5trades 3 out of the 5 can produce high returns than the other. The profit from the 3 are fruits. And what do you do to fruits. You EAT them.

3)When your trades get stuck after several days without a bid they are dead- (Not working) but good news is they can resurrect (They have the potential of their initial value)so as long as you have productive seeds bringing fruits for you. Make better decisions with them while u wait.

4&5) Until you are ready to increase your seed always leave only your intended seed by not trading with the FRUITS. You need the FRUITS in your hands so you can make little seeds and EAT the chunk. Never TRADE with your profits. You won't succeed as a trader if you don't bring your profits regularly to your currency to spend on yourself and family

IMPORTANT - don't see your trade capital as business CAPITAL that is not what it is .It is seed. That simple perspective will change your activities alot. There is nothing like eating deep into your capital. The capital ceases to exist when you are trading now you are interacting with the FRUITS.

5) Do you notice that the Highest Bid is always lower than the Lowest Ask. That simply means you cannot make profit before you BUY you can only optimize your decisions, that is why you have CMB. So your seed must always die in seeming loss before it brings to germinate so take your time to understand the indicators.

Ok let us treat the metrics for better decision then we do a little bit of Auto trade training today. The three most important fields in FR are the Exchange Trend, The Market Cap and the Liquidity

What you should look out for in these

Make sure that the Exchange trends demonstrates a fairly consistent upward movement, you are going to know this using 2 indicators

The 25% positive and the green arrow showing for the number of times you are targeting

The 25% shows it has positive value , the green or red arrow shows the new value is higher or lower than the previous one

Same applies to the Market Cap which shows Adoption

However the Liquidity is very different

The Liquidity has BUY and SELL . When Buy is more than Sell it is better than the other way round

When you have these point consistently positive it is a good buy.

However if they can combine these with a decent PRR it is fine. Very valuable PRR are the High ones maybe from 20% and above

We want to begin to intimate you with the Auto features of the CMB

It is called SMART EXIT

Lets tell you how it works

If your buy a coin you are required to enter a target % for profit. If you are not there to effect a sale

You can enter 2 fields A = The number of Total Time of Change 

B = The number of Total Downward change

So if your coin hits the Target it would not Sell immediately. It would wait for the price to change A number of time specified by you

Example 10

So if the price changes 10 times it would decide whether to sell if the price went down B times in that 10 times provided that price is above price you bought.

The test scenario of this strategy has been very phenomenal and that was why it was voted for as the best exit strategy in trading history. It truly measure Buy and Sell decisions

This strategy work superb 10 Out of 10 times. So stay tuned for it. We are currently scaling the Auto

CONCLUSION

You are free to start LIVE TRADES if you understand the metrics and you think you have practiced sufficiently.

INCASE YOU MISSED - Cryptocurrency Tip - Coin Monitoring Board (CMB) 2.0 Tutorial & Practical [PART A]