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Ichimoku_Trader
Jul 10, 2017 5:29 AM

Another perspective and a better trade design... 

Bitcoin / U.S. dollarBitstamp

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..

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R3 is missing .. It stands at $2789

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Remember...
Breakouts require momentum

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We have now dropped $112 from the SSA/SSB candle break to S1 and now to S2
Expecting a reaction at this support

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So the question I am always asked is...
If it was me, what would I do here?

1. Move stops to BE
2. Liquidate part of the position and let the rest run

Congrats .. We now have a free trade
Good luck

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Actually, we now have a free winning trade
Even better

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Almost at S3 ...
Expect a reaction there

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At S3, gains will be around $185
I suggest you optimize your positions there

Enjoy your profits

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S3 hit
Please optimize your positions

At this point, protect your gains please

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We've dropped so far $215.36

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ALMOST 9%...

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What do I mean by optimize...
I mean sell 75% of your position and look for a cheaper entry to add another 100%
At the end of this process, you should have 125% of your beginning position

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Trade closed: target reached

This chart will no longer be updated
Comments
JoE
The question is Up or down?
Ichimoku_Trader
@JoE,

Follow the market, be ready to go up or down
naughtyeyes
@Ichimoku_Trader, political policy?
Ichimoku_Trader
@naughtyeyes,


What do you mean?
Bartdeking
UP UP UP
Ichimoku_Trader
nakov
@Ichimoku_Trader, Segwit is coming end of next week. It's really close. It will solve scaling problems for a while.
Ichimoku_Trader
@nakov,

ok
nakov
@Ichimoku_Trader, Mad Respect for the way you do business! I love your risk management, position optimization and money management.
Ichimoku_Trader
@nakov,

Thank you...
Thank you, thank you, thank you
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