Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Hi traders,
I entered a Short position with a tight Stop Loss, since we bounced back from the 4H Resistance (Sep 04, 2020). I'm keeping a close eye on the 1H uptrend line. If we break that one, I will add to my position.
Don't use this as standalone strategy. Combine this with your favourite indicators to get confirmations.
This is not financial advice, but meant for educational purposes.
As always, Do Your Own Research!
If you you like posts, please give me a thumbs up or a follow. Thanks! Happy trading :-)
Trade closed: stop reached
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One spike triggered my Stop Loss. Looking back, I had put it too tight. Lesson learned. Looking for a next setup. Stay tuned :-)
@PolarHusk, Thanks. I have my short still open. Too soon to say if my trade is going in the wrong direction.
VincePrince
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Great idea, thanks for sharing.
jurlvarg
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@VincePrince, Thanks. This is purely Trend based combined with Support and Resistance. No extra indicators. In my opinion, most indicators are made just to make you feel more relax, but take away the focus on what you really should be focussing on, which is, in my personal opinion, most recent price action.
Saeed966
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Nice job
jurlvarg
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@Saeed966, Thank you! I'm just trying to learn every day and put what I learn into practice.
Nice to see you also keep your charts very clean. Too much info is distracting for me :-)