My old strategy to be checked in XEM

11 de set. de 2017

It's my old strategy, from stocks markets. I'am curious if entry like this will pay good here. I changed my view on cryptomarket overnight. Rebuyed my 30000XEMs (25% of all od my XEMs) and try to close this position in TP3 place (48cents). But when someone wants manage more logical entry like this must divide profits in 3 stages (3 blue lines in my chart, 32cents, 40cents, 48cents). Basically that are levels based on Fibonnacci and Elliot's waves counting (wave 5th - if she will be constructed by market, could be 50%, 100% and 150% of previous wave 3rd - can be even more but i use only this three extensions). SL must be under pink line when 1H candle closes significantly under this line. I personaly dont use SL here as i rebuyed my XEMs from my old stack, so i lose nothing if it go lower. But for speculative entry SL must be used. And how to manage this position with profit taking? 50% quantity of position must be closed @ 32cents, and SL goes for the rest of position to the entry point (around 26cents). Than if market goes higher 25%-30% of position is closed @ 40cents, and the rest @ 48cents.

11 de set. de 2017

Nota

This strategy by the way, can be named "hunting of wave 5th". In crypto when wave 5th is good "hunted" can pay out incredibly good.

12 de set. de 2017

Nota

Strategy for XEM is suspended, as Bitcoins situation worsens. I sold one more time 25000XEMs @ 25,5 cents, with pain in the heart of course.

13 de set. de 2017

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I will try to rebuy my XEMs sold @ 25,5 cents but without this strategy in play. I set up pending buy zaif @ 18,66JPY

13 de set. de 2017

Nota

pending order changed to 16,66JPY (for XEMs) so around 15cents, i hope some panic sellers give me this souvenir:)

13 de set. de 2017

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pending order modified with step 0.05JPY spreaded in area 16,6-17,5JPY

14 de set. de 2017

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If i believe in BTCUSD is going down to 4550-4700 area, i should now set more realistic pending buy order @XEMJPY, so i spread this order in range 21.06-22.01JPY with step 0.05JPY (so 20 orders with whole sum of 25000XEMs if all will be filled i will have good rebuy with average 21,5JPY so around 19,5cents - i sold back in time this stack @ 25,5cents)