travel-nomad

2019 BitMex TRX/BTC trades

Long
travel-nomad Updated   
BINANCE:TRXBTC   TRON / Bitcoin
Here I'll try to post every TRX trade that I'll take in 2019.
I've only recently learned this style of trading from @CryptoCred on Twitter from his new Trading Guide so make sure to download it and go through it, it's well worth it for the price (it's free lol). Here's my first TRX try with this style...
Link to the Guide: drive.google.com/fil...I9uDVbIRxVUdazE/view

My setup:
Entry: 440 SAT
Stop-loss: 410 SAT
Target: 500 SAT
RRR: 2

Note: major support at a stop-loss increases my chances of success so fingers crossed! :)

Order cancelled:
Setup cancelled since the price skyrocketed (SpaceXed?) above 600 SAT where the RSI bear divergence is forming so I'm going to short it (next comment below).
Comment:
New SHORT setup:
Entry: 600 SAT
SL: 635 SAT
Target 510 SAT
RRR: 2.57

Note:
- We are at 1D resistance and the price seems to respect it
- RSI bear divergence forming on 1D chart
Trade active:
Managed to get a new entry for a better RRR ratio:
Entry: 605 SAT
SL: 635 SAT
Target 510 SAT
RRR: 3.17
Note: If the price gets too close to SL I'll put it to 650 SAT which will still get me RRR over 2.
Trade closed: stop reached:
So I guess this wasn't as bearish as I though it was. RSI bear divergence apparently doesn't work in 2019. The price SpaceXed through my SL. Okay, on to the next one.
Trade closed: target reached:
I completely forgot to post this trade here when it opened but now it's already reached its target so that's that... RRR: +3.75
Comment:
I'm a little late to the party but here's my next SHORT setup:
Entry: 657 SAT
Stop-loss: 700 SAT
Target: 510 SAT
RRR: 3.42

Notes:
- I think for now TRX has gone far enough and double top seems to be showing around 700 SATs
- should've started shorting from 680 SAT but wasn't here looking at the charts so whatever
- if i goes above 700 SAT and closes above I'll be shorting from higher
Trade closed: stop reached:
LOL
Comment:
Came up with this SHORT setup:
Entry: 1160 SAT
Stop-loss: 1180 SAT
Target: 1020 SAT
RRR: 7

Notes:
- bigger trend goes down so until proven otherwise I'm a temporary bear :)
- not really super confident in my trade but RRR just seem legit enough to take the risk
Order cancelled:
Whoops my bad, wrong chart :)
Comment:
New LONG setup:
Entry: 631 SAT
Stop-loss: 610 SAT
Target: 683 SAT (target not set yet)
RRR: 2.48

Notes:
- I see a lot of weeks in this purple resistance zone
- I know we're at 1W resistance so I won't be betting big
Trade closed: stop reached:
FFS!!! BTC goes up, TRX goes down grrrr
Comment:
New SHORT setup:
Entry: 633 SAT
Stop-loss: 645 SAT
Target: 582
RRR: 4.25

Notes:
- it looks like we broke down through 1W support and it's gonna be used as a resistance so in my opinion it should broke down one level below
Trade closed: stop reached:
Trade closed as quickly as it was opened unfortunately...
Comment:
New LONG setup:
Entry: 570 SAT
Stop-loss: 552 SAT
Target: 623 SAT
RRR: 2.94

Notes:
- I'm not really confident in this one so I didn't risk much at all
Trade closed: target reached:
Trade active:
My new LONG setup:
Entry: 510 SAT
Stop-loss: 490 SAT
Target: 600 SAT
RRR: 4.5

Notes:
- there's a slight bullish divergence on 4H chart
- PA just reached support now
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.