Analysis of ETH/USD
Trading Strategy
Total Capital: 3000 USD
Position Risk:
• One Position – 1500-3000 USD
• Two positions – 2000 – 4000 USD
Key Principals:
• 1# Rule not to lose money. Money Management
• Being patient.
• DO NOT TRADE AGAINST TREND
• Risk Reward 1:3 ideal.
• Money Management.
• Always trade with a trend.
Strategy - 4H Candles Patterns / Volume / Trend (HH-LH LH-LL) / Support Resistance / Elliot Waves
• Candle Body – identify trend using candle bodies close and open to see more detail use 1H for mesocycle trend change and patterns.
• Take Profit – 1st TP at 80% of Target. 2nd TP at 0-80% because second TP is not always valid.
• Stop-loss – use 4H candle body and wick for more detail use 1H TI. In 1H/4H TI used in patterns support and resistance usually for entry on 2nd touch. Use MA for ST in profitable position 1H/4H.
• Candle Stick Patterns – are good indicators for entries and exits of positions to digest the price action lower the timeframe 1H looking for price actions patters (triangles, pennants etc.) and for target TP of 1st target and 2nd target. We can use 1D TI for entry strong position.
• Trend – use 4H/1D TI to identify trends also using HH/HL and LH/LL. Use 1H/4H for trend reversals.
• Support and Resistance – on the pull back use support or resistance for position entry with SL 1:3 ration if there is not identified TP targets.
• Entry – Use EMA 21 and EMA8 on 4H TI to enter the market. Pattern break outs usually wait for confirmation.
• Volume – good indicator of market direction.
Trading Strategy
Total Capital: 3000 USD
Position Risk:
• One Position – 1500-3000 USD
• Two positions – 2000 – 4000 USD
Key Principals:
• 1# Rule not to lose money. Money Management
• Being patient.
• DO NOT TRADE AGAINST TREND
• Risk Reward 1:3 ideal.
• Money Management.
• Always trade with a trend.
Strategy - 4H Candles Patterns / Volume / Trend (HH-LH LH-LL) / Support Resistance / Elliot Waves
• Candle Body – identify trend using candle bodies close and open to see more detail use 1H for mesocycle trend change and patterns.
• Take Profit – 1st TP at 80% of Target. 2nd TP at 0-80% because second TP is not always valid.
• Stop-loss – use 4H candle body and wick for more detail use 1H TI. In 1H/4H TI used in patterns support and resistance usually for entry on 2nd touch. Use MA for ST in profitable position 1H/4H.
• Candle Stick Patterns – are good indicators for entries and exits of positions to digest the price action lower the timeframe 1H looking for price actions patters (triangles, pennants etc.) and for target TP of 1st target and 2nd target. We can use 1D TI for entry strong position.
• Trend – use 4H/1D TI to identify trends also using HH/HL and LH/LL. Use 1H/4H for trend reversals.
• Support and Resistance – on the pull back use support or resistance for position entry with SL 1:3 ration if there is not identified TP targets.
• Entry – Use EMA 21 and EMA8 on 4H TI to enter the market. Pattern break outs usually wait for confirmation.
• Volume – good indicator of market direction.
Comment:
Comment:
Trade Type: Pattern waiting for HH HL to enter the market. Trading with a trend eliminating 50% of mistake.
Comment:
Waiting for two confirmations HH HL and Trend brake
Comment:
Momentum looks bearish so far
Comment:
Comment:
1st trading Opportunity using pullback HL Resistance entry of 5% Profit
Comment:
Comment:
Waiting HHHL position to enter the market and trend brake
We have one confirmation oversold on 15m TI
We have one confirmation oversold on 15m TI
Comment:
Pattern Trading missed opportunity
Comment:
Comment:
Its a short trade too late to enter