D/15 WIN

 Haven't traded in weeks. But yesterday I saw an opportunity with a pretty tight SL. I took the trade. On BTC & ETH.

BTC price was not under dOpen when entering, so I didn't follow the rules to 100%, but it looked so good I had to take it. Good R:R. 4R+.


ETH was prime.



ETH 15 min


1h

4h

D





4h was printing a red dot with around 3h until confirmation. I thought it would be a false red dot or that it will disappear before confirmation. CF was shorting miserably.

The kink in the momentum wave is where the 4h red dot was appearing, but disappeared and price shot up.



BTC 15 min


1h

4h also kinked from red dot

D


The bull div on BTC Daily is looking great for a bottom. Hence why I was confident in longing the shit out of the D/15.














Comments

Post a Comment

Popular posts from this blog

Trade #2 | LOSS -1%

Image
 CF said long 1h deep green dot, hidden bull div. Did we just break out of this accumulation range and retesting the top of the range? 4h. Looks okey. Can be scary when momentum crossing 0 line. Or we can form a tight trigger wave which could be bullish... Daily looks kinda bad 12h looks even worse 10 min MF looks great! Longing, risking 1% of acc. Feeling stressed Depressed Bit excited Update CF's trades have been complete shit lately. Feels like his win rate is less than 50%. Been following him for 8(?) years and I'm still an unsuccessful trader. Feelsbadman. -1% stopped. 4h 0 line cross was deadly 12h still looks like we're coming down That 10 min MF was a complete disaster Now I'm defeated and discouraged to keep trading more with this strategy. It's shit. Fuck CF. Gonna keep working on TRW now.
Read more

Trading Ranges (Mean Reversion)

Image
  Do not guess when a range is formed. Trade on confirmed ranges only. Range is confirmed after > 75% retracement What is a confirmed range? One where the previous trend has already clearly ended. On trends you allow Leg 1 to happen and you only jump in to trade Leg 2 and/or Leg 3 Ranges are similar. You DON'T guess the range low or high, but rather wait for them to form with confirmation using a few techniques. > 75% retracement of last trend leg Why 75%? Because trends shouldn't pull back 75%.  A typical trend leg will pull back no further than the 61.8% level (a common fib level).  Since the market cannot trend and range at the same time or on the same timeframe, an invalid trend is likely to form a range.  So, once you see a 75% retracement, you can begin to form a range. From here you can draw a range low, range high and create your levels/ zones.  But you DON'T enter trades yet. You need further confirmation to have a high probability range.  7...
Read more

Trade #1 | LOSS -1%

Image
  1h green dot, previous dots have been PUMPING 4h not looking great but anchored above +60, could come down though, so this could be a top. Or we blast through up. CONCERNING 1 min MF coming up Longing with 1% SL, risking about 1% of acc Feels FOMO and gambly... CF also longing, he makes me FOMO Unsure about where to take profits if this starts running. We will see. Ignore the R:R Few hours later, stopped. -1%
Read more