BTCUSD update (STOP LOSS correction). Price movement in recent days has been rather low. As a result, the bitcoin D1ATR range expanded by a few tens of points. Since I'm already profitable, I need to make a technical correction. This means that I have to adjust my STOP LOSS to the increased D1ATR to the detriment of my profits. This is not an increase in losses during the trade (which would be a wrong strategy), but a technical correction. I continue to maintain the long position taken in the analysis.
@tjhb1989, I am currently profiting in the BTCUSD long position. Even if it's a bad decision, I still have to wait for my position to close. I can't do more now.
Petra123
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@meszaros, what the current move on Bitcoin ... please share your taught sir
meszaros
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@Petra123, In my analysis, I indicated that I needed to make a technical STOP LOSS correction because the D1ATR was sliding down. That's why I pulled STOP LOSS down. At the moment, I can't say more. I hold the long position.
UnknownUnicorn6229869
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Would you say it is now to late to enter this position, have I perhaps missed this opportunity with this analysis. Thanks Joe
meszaros
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@Joemalin1, It is never too late to enter a trade. All you have to do is scale and manage it differently. I'm definitely not losing this trade anymore. Those who enter now have a chance of losing.