still_waters
Short

Scaled in Again on Re-entry

BITFINEX:ETHBTC   Ethereum / Bitcoin
77 3 2
Strong Bear Bar on 2H Chart... One problem though: It's low was never triggered. So I would consider this a scaled in short position, as opposed to a entry order position(triggered below the 2H bear bar). Nonetheless, I feel that bar was significant to the bears' selling pressure. Hopefully we get some more movement down.

If the trade does go our way, we will want to trail stops manually to protect profit. If the trade starts showing too much strength in the opposite direction, then get out. I'm always going for AT LEAST 2x's my risk. So small losses here and there are part of the plan.
A nice pop down. TP or move to break even and hold for swing down. Trailing a stop is always a responsible thing to do.
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still_waters PRO still_waters
** OR hold for a swing down.
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still_waters PRO still_waters
nm. i wrote it right the 1st time. :)
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