textbook i planned in advance and executed. 4h time
saw a 4h close below my sell level so i took my pre determined trade
next time i want to take out a half size and extend my take profit, i have a feeling this trade could be extended but will see
i placed it while the price was higher expecting it to execute and it did my profit target is just before ath because were still in a bearish period but market sentiment for link is very good right now
take profit 0.0006808
its a shame it whent just bareley under the take profit level and then whent down and stopped me out
im trying an intraday trade on the 1h / 15min time frames
i saw it was at the top of the rannge so i shorted
but the trend might be over extended
i did some good TA and set up some support?resistance zones and the overall sentiment of the market feels like we are about to enter leg #2 of the bull run
bummer i should have paid more attention because we closed bellow my support line on ther last candle should have shorted.
the chart looked primed to pop on the 5 min but i failed to check the long term so i bet against the larger trend. it was going well but in the end i cut my losses as i could see it wasnt going my way.
i wrote so musch here but i guess i didnt save. live and learn.
this trade was rushed. IE i hardly did any TA at all before i placed my bet and i was chasing a trade with a shitty risk reward ratio.
this isnt the best trade for risk/reward im about at 1.3 but the trend downwards seems strong, im very corious to know where it goes atfter we touch strong support i placed this trade quickly and did most of the real TA after my heart is giving me a bit of a no feeling, i ting thats cuz of the risk reward of the trade and im chasing a bit here but also i placed it rather fast.
it was rushed.
i should always wait to find the right trade with good risk reward and do all the TA before i place the trade!!
in this case i belive im seeing a macro market revdersal as btc begins a climb up.
at least my stop losses prevented much loss
bull macro, bear rally,
saw a small bear flag on the 4h in an acending triangle pattern
i shorted it aggresively not waiting for confirmation, instead i set my stop loss with 2 half psition sizes 1% each
i didnt use the avg in to mitigate much loss, more to get a better position and max out gains
we will se if i am right and we pump a little more (i get my second entry) before a dumpola
NEVER TRY TO VIEW THE CHART SCREENSHOT WHILE EDITING, YOU WILL LOOSE EVERYTHING YOU JUST WROTE!!!
i learnt you can move your stoploss at any time to lock in profit
my second entry was a bad idea as ther was no room in the triangle i drew for another move up, especially above the top of the triangle. next time if you want to avg in stay within the triangle.
couldda caught the move back up but oh well, depth chart tells me were gonna bounce soon up soon.
after my previous trade i baught it back almost immediately as i saw we were bouncing off my old resistance line. i set my take profit order at a concervative 50%of the last move down to be safe, and considering the RSI was only at half way, eventhough macro chart momentum was bullish. over all i took a nice safe profit.
i picked binance because the chart looked very volitile comparerd to the skateboard ramps ive been seeing recntly
I had my boubts on this one i got super close to my stop loss when i checked up in it half way, but i rode it out on the princible and i woke up this morning in valhalla!! (20 fake dollars) xDD im still stoked. Im actually loving this, I like to use my intelect, intuition to predict the market. makes me feel all smart n shit;)
next time i gotta includde several screenshots of my TA on multiple timeframes, i think ill do this on new or uncommon tickers i trade to provide a complete show of my process\thoughts for the inventory im not trading as often. for my more common/go to tickers ill likeley just need one maybe two screenshots.
okay i spent some time reveiwing the trade and figured out how to take a screenshot
just figured out im limited to one picture s o ill just have to be mor detailed/thought out in my analisis. guess not actually i can add mor if i edit the trade but i wont for now this is taking forever
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