The price passed through the kumo. Based on Ichimoku indicator, we have a new buy signal. We can place pending orders for buy above 280.00 level with stop orders below 214.00 level. Profit target should be at 360.00 level. These long trades must be opened as an additional volume for the existing long positions. Be ready that the market can retrace to the kumo and the uptrend line. It will give new trading opportunity.
Excellent TA. D--any advice for how to approach taking profit? Do I take portions of profit at key levels, holding some for the higher resistances, or just watch for key reversal patterns? If so, which are the timeliest/most accurate?
Thank you for your diligent work.
mtamrph0sis
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Just bought at 281. Would you suggest anything different than your original post at 21hr later?
HerrVonBraun
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Not sure about this one.. Think we're going down.
DLavrov
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@Bosschmeister, In short term we can go down. But we have confirmed uptrend.
CovidScamIsAnIQTest
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Risk 65 dollars to make 80? It's hard for me to get my head around this concept.
In reality, I missed long position trade because of the hesitation of getting in after the market already made up move.
Maybe trading breakouts is just not for me :(
Thank you for sharing.
DLavrov
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@sifeij, How many money management strategies you used in trading?
CovidScamIsAnIQTest
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@DLavrov, One - I normally just get out if it does not work out in the predicted direction. The reason why I do that is that I am entering at a reserval level, not breakout level.
DLavrov
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@sifeij, ok, you can use reversal signals. But you must understand that risk / reward ratio must be differentfor different market conditions. If you trade against the main trend, you profit target can be closer than stop order. But on the trend market, your profit can be in 2-3 times more than stop.
CovidScamIsAnIQTest
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@DLavrov, In that case, it does make sense to get in.
I need to learn to have confidence and keep the trade running longer.
Thank you for your reply. I will start training myself for this type of trade with a relatively small amount of capital as a start.
agile
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Did anyone else notice this bearish divergence on ETH.. it's weird because sentiment is highly bullish on both BTC and ETH, but they both lack strength it seems. coinigy.com/s/i/598d77722d8b8/
Thank you for your diligent work.