BTC short - Scalp Time

16 de mai. de 2018

No time to do an analysis but short the red box, set stops above 8330, and let's make money. Short term scalp.

16 de mai. de 2018

Comentário

Sorry for the delay in posting. I've been watching and trading - well. Just haven't had time to do any write-ups. We're no longer looking for long opportunities (except possibly 7950, which is a possible bounce area, however that bounce is likely to be short term and not going to get us out of this down trend. I have an ultimate target of 7k-7.2k, But will be watching 7.9k-8.1k for a bounce as well as 7.5k. Short the pumps, don't buy the dips.

16 de mai. de 2018

Comentário

It could just drop right here. Or it could pop way past 9370 into the 9450 range. That's why no matter how sure you are on the direction of a trade, you must have good entries with tight stops in order to make the risk to reward favorable. Something that I am still working on myself. Patience is key. I might miss the bids or get stopped out. I'm just making a bet that I think will pay out more than it will cost over time.

16 de mai. de 2018

Comentário

Basically, even if you are right over 50% of the time, if your entries and stops are bad you can and will lose money.

16 de mai. de 2018

Comentário

Likewise, if you're wrong over 50% of the time but have great stops and entries, you can make money over time.

16 de mai. de 2018

Trade fechado manualmente

I'm looking at the possibility of being back on the bull track. We hit a strong support and bounced significantly. The 6 and 12 hour candle closes look bullish. I can't say I'm confident enough to long or short right now, still figuring that out, but I am starting to potentially lean towards bull with the recent price action.