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UnknownUnicorn1063189
Oct 5, 2017 2:11 PM

Ethereum Long Trade current $294.00 5Oct17 Long

Ethereum / U.S. dollarBitstamp

Description

We are off to the races. Even better risk to reward now R:R 6.48 1

(Wonder if any of you even noticed this break, in spite of my advanced advice or will you just react after reading this post (come on be honest are you just checking the chart?
It's vital that YOU stay on the ball not wait for posts... )

Sean Vengan
Professional Trader and Trading Educator

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Comments
abdoos
I have been following your analysis for some time and I'm learning a lot. Many Thanks!
UnknownUnicorn1063189
@abdoos, You're welcome @abdoos
DARK-MAGE
Be extremely careful, the bearish trend line has NOT been broken yet (ETH/USD on Finex) and we don't have any volume so far.

Yet I remain bullish. Let's go up. Metropolis is a huge step forward for ETH, that is extremely bullish.
Badabiing
@DARK-MAGE, two complete different statements... what u want to say?
DARK-MAGE
@Badabiing, Well, at this point in time, the upside move is not very convincing. But in the long run, the Metropolis update (October 15) should take ETH much higher.
UnknownUnicorn1063189
@DARK-MAGE, @Badabiing the whole point about trades is NOT to get in when everyone else has confirmed its a good trade and it's "very convincing".

I have given you a trade SETUP with detailed stop loss entry and targets.

I don't post trades where there is no confirmation. The trade has already triggered and I and others are already in. If you which to deliberate and hesitate and "be extremely careful" that is your free choice.

Over 10+ years I have traded markets move BEFORE an event/announcement, DURING an event/announcement and AFTER an event/announcement.

If you hang around waiting for news then your trades will have increased risk and diminished rewards.

The "Smart money" gets in at low-risk high reward probability trades not when everyone else has confirmed the trade.
DARK-MAGE
@SEAN_VENGAN, Yeah I was already in too actually, took profits, probably way too soon, I am going to have to buy again soon I guess.

But don't worry, what matters in the end is to feed the PONZI and to feel like a ' trader ' : ) - > O <
UnknownUnicorn1063189
@DARK-MAGE, Just remain disciplined my friend and you will make money I have proven this to my satisfaction.

Most traders lack discipline and (no reflection on your statement above) they just get in and out at a whim and scratch a buck or two.

As the Great Jesse Livermore said, few traders "when right, sit tight"
Badabiing
@SEAN_VENGAN, thx sean, sounds reasonable. thx for your efforts!! youre a great guy!
UnknownUnicorn1063189
@DARK-MAGE, Yes we broke @Dark-Inmage and we have the first iteration of Metropolis this Monday:
cointelegraph.com/news/first-iteration-of-ethereum-metropolis-hard-fork-to-appear-monday

Volume is manipulated by Exchanges and therefore not always reliable. You are better of using Momentum
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