We sent a signal to buy LTC a few days a go. Entered at $53.33. Our first take profit zone was $61 to $62 - I put a training stop after $61 and stopped at $63.33. This was the perfect take profit zone as we reached a high of just over $62 and began the wave 2 retrace. Looking to hold support at $55.33. We have moved away from that fib a little but ill be watching carefully on the small time frame for any support to renter around the $55 mark with a stop loss at original entry of $53. If we make the 3rd wave we will retest $70 and ill be looking to take a 2nd lot of profit at $63.33 and a final target of $73.33 Happy to tale a 15% profit on the wave 1 run. It is very important when doing a trade that you set your levels to take profit. The market moves in Ebb and Flow. Nothing goes to the moon in one go. Expect the retrace and take profit. Don't be the 90%
This is a very informative man! I’ve checked what you’ve been doing and I think pairing it with Spectro Indicator as a strategy would make this even more successful. You should give it a try.
mightytrader
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Is this a 720 minute timeframe? I was curious, how does this work for you?