Ill add to my position at the top of the channel. Lets see what happens.. going to bed and placing my stop as indicated not risking more than 35$ to see if that plays out well. All the edges are there just need to watch the dominance chart start weak to it can end nice and strong or just keep pushing forward with all the momentum it has been having.
With this strategy its not quite a martingale strategy because I already know at what point Im going to throw in the towel on this trade instead of endlessly adding to a losing position. After a certain point things become unclear which is what our stop loss is for. Granted this bounce will add more risk to the overall trade but with careful maneuvering it can be pulled off with a higher profit than previously suggested... Im willing to risk 35$ USD to find out.
God Speed Self,
Mr. Manbearpig
With this strategy its not quite a martingale strategy because I already know at what point Im going to throw in the towel on this trade instead of endlessly adding to a losing position. After a certain point things become unclear which is what our stop loss is for. Granted this bounce will add more risk to the overall trade but with careful maneuvering it can be pulled off with a higher profit than previously suggested... Im willing to risk 35$ USD to find out.
God Speed Self,
Mr. Manbearpig
www.youtube.com/watch?v=lcLKhHQo...