NMRBTC is painting a solid trend and is above MA200.
My strategy is simple - buy now close to the daily DC20 lower line (0.00148-0.00165). Stop if daily candle closes below lower line of DC20. Sell at next resistance (levels on the chart) then buy back with same strategy. If at any point it stops me out I am revisiting price action close to MA200 and/or close to main trendline and may give a second try with the same tight stop and low risk strategy.
Let's see how this plays out. Using 10% capital with current setup and with above strategy the loss now can be approx. 10-15% (1-1.5% of capital). With considering the potential reward this is worth trying.
It is critical to strict to the pre-determined strategy to minimize losses. Focus on losses - and your profits will take care of themselves!
Any comments are more than welcomed! Please trade carefully and onkly with money you can afford to lose! Thanks!
My strategy is simple - buy now close to the daily DC20 lower line (0.00148-0.00165). Stop if daily candle closes below lower line of DC20. Sell at next resistance (levels on the chart) then buy back with same strategy. If at any point it stops me out I am revisiting price action close to MA200 and/or close to main trendline and may give a second try with the same tight stop and low risk strategy.
Let's see how this plays out. Using 10% capital with current setup and with above strategy the loss now can be approx. 10-15% (1-1.5% of capital). With considering the potential reward this is worth trying.
It is critical to strict to the pre-determined strategy to minimize losses. Focus on losses - and your profits will take care of themselves!
Any comments are more than welcomed! Please trade carefully and onkly with money you can afford to lose! Thanks!
Trade closed: stop reached