Short BTC till 8000 $ ( as per new pivot points ).
STOP LOSS startegy -Close trade if you get a new candle which opens above my demand line ( lower blue trend line)
Check all the results with my previous trades on the same chart by scrolling right to left!
Its a simple chart with simple methods but times markets well where complex chartists fail !
I answer the following questions in every trade :-
When to go long /short ?
How much to go long or short with clear targets ?
What to do to exit the trade ?
Nothing is fixed in a dynamic market and strategies will change with every few candles , that is why I dont believe in historical prices or classical trading methods . They will never teach you market timing and inflate a false sense of ego ! I discovered that whatever previous ideas i had on TA were wrong - accepted it - and now have completely re - learnt new startegies .
STOP LOSS startegy -Close trade if you get a new candle which opens above my demand line ( lower blue trend line)
Check all the results with my previous trades on the same chart by scrolling right to left!
Its a simple chart with simple methods but times markets well where complex chartists fail !
I answer the following questions in every trade :-
When to go long /short ?
How much to go long or short with clear targets ?
What to do to exit the trade ?
Nothing is fixed in a dynamic market and strategies will change with every few candles , that is why I dont believe in historical prices or classical trading methods . They will never teach you market timing and inflate a false sense of ego ! I discovered that whatever previous ideas i had on TA were wrong - accepted it - and now have completely re - learnt new startegies .
Trade closed: target reached:
8000$ - target reached !!!
I will do a fresh analysis in some hours for the next trade !
When you follow me bear in mind keep checking my posts for actions to be taken for new movements!
I will do a fresh analysis in some hours for the next trade !
When you follow me bear in mind keep checking my posts for actions to be taken for new movements!
Comment:
As long as u took the targets I said u must be alright - now market has swung back . Always use stop orders in advance to book profits .