Playj
Short

eth bear flag short...

KRAKEN:ETHUSD   Ethereum / U.S. Dollar
shorted 5 shares at 194.90 will look to add on confirmation of a bearish engulfing candle followed by vol
will exit on close above the trend line and/or the horizontal line ( line in the sand)
acct 1765
Oct 12
Comment: need a bearish engulfing or candle to add to position... more importantly is vol confirmation!
Oct 12
Trade active: level held retest
Oct 12
Trade active: added 10% more size at 194.90 2.5 shares short
Oct 12
Comment: we are not confirmed bearish!
Oct 12
Trade active: coinbase shows a different pattern but no vol behind that pump which leads me to belive that its not substainable...still something to watch
Oct 12
Trade active: meanwhile back on kraken horizontal resistance holding beautifully
Oct 12
Trade active: (line in the sand) coinbase is here so we havent tech broken above removing some doubt about discrepency on kraken and coinbase
Oct 12
Trade active: :)
added 2.5 shares more short at 195.05 short 10 shares total looking to short 20-25 shares
Oct 12
Trade active: still not confirmed bearish!
90% probability stop is at red horizontal
Oct 12
Trade active: trading still would look to add to short at bounce back to horizontal trend line missed yellow arrow add to short because I wasn't present at computer on that bearish engulfing candle
Oct 12
Comment: so possible add at 193.56
Oct 12
Trade active: a bullish engulfing with follow through vol would be a signal to exit position
Oct 12
Comment:
Oct 12
Comment: lack of vol follow through at this point for any consideration of a bullish reversal still comfortable looking for level to add to short
Oct 12
Trade active: added to short 2.5 shares at 194 on rejection of top of lower channel.. newly formed so small add
Oct 12
Trade active: added 1.5 shares at 193.1 based on 15 min bear vol expectation to be 5x previous vol only 2 min into 15 min candle
Oct 12
Trade active: most important level imo
why adding below is always risky
Oct 12
Trade active: watching closely
Oct 12
Comment: added 2.5 at horizontal resistance 195.19
Oct 12
Trade active: added 2.5 at 196.55 this 15 min candle determine can stop me out
Oct 12
Comment:
Oct 12
Trade active:
Oct 12
Trade active:
Oct 12
Comment: if we break down into this range im very comfortable in my shiort
Oct 13
Trade closed manually: stopped out acct 1685 loss of 80

Comments

thanks for your input! feel free to continue to follow my trades as I post them live. Happy trading...
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im with u
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