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MagnusTradingGroup
Sep 15, 2014 7:04 PM

Buy / Sell on Breakout 

Bitcoin / U.S. dollarBitstamp

Description

If you don't want to gamble wait for a breakout.
Comments
IvanLabrie
Risky, if it is a shakeout ;)
MagnusTradingGroup
look for consolidation beyond breakout level :)
IvanLabrie
Is that an rsi variation on your chart?
MagnusTradingGroup
Willy with a few MAs and EMAs
ChartArt
Sell :)
MagnusTradingGroup
Playing nostradamus turned out to be less profitable for me then justwaiting for confirmation :P
IvanLabrie
I've had my fair share of those moments :p I've also predicted big moves I didn't trade! hah, the irony.
ChartArt
I have a 50% chance to look like a genius in a few days. I took that gamble ;-)
MagnusTradingGroup
It's interesting how people aspire to make money with trading but subliminaly value "looking like a genius" much higher : )
IvanLabrie
Indeed. I'd rather take higher odds and make some dough honestly. My charts look horrific for instance, but if they work it's fine by me. Do you use the composite index indy?
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