mrfantano
Long

NEO is heading back to $150. I AM LONG.

BITFINEX:NEOUSD   NEO / U.S. Dollar
Lotta hype and good structure.

We have a nice ABC Formation presenting and we are looking to break the top of Leg A in the Chart.

I am looking to take initial targets around $148.

I jumped in @ $136.28

Trade, Dont Gamble!

Good Luck!
Comment: We have a nice breakout of the flag formation, lets watch and see if she continues. We are already in a good profit =)
Comment: Initial Trade was closed at break even.

Re entered at $130 and Reached Targets of $150.
Trade closed: target reached
I would hold back. January 26th, 2018 is the date of the first settlement of Bitcoin futures on the CME. The last time the Bitcoin futures settled on the CBOE it was one of the main factors of the Bitcoin crash and the cryptocurrency market pullback. I'll be watching, but not playing this round. Follow your motto :)
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mrfantano maxwell11
@maxwell11, Thank you for that info! I have a small order in trading this Cross on an MT4 setup. I have stops below the low of that flag so my R/RW is half decent. Part of my trading strat is get the SL into Break Even ASAP. We are in the positive so far, if we get a breakout of that retracement pattern, my SL will be safely in Profit.

If she continues to $150 targets Great, If not, Ill be out with a few dubloons lol!

Lets keep watching and hope for the best!
Reply
maxwell11 mrfantano
@mrfantano, indeed. Just make sure those SL's are firm! Next week may be a great week to buy :)
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