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 .
Trade closed: target reached
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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!
Comment
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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 .
@rockstaring, we go long if prices cross supply line upper trend line , the upper trend line is your dynamic stop loss and place to initiate new longs .