MarkLudgate

MarkLudgate

We have a nice looking consolidation here, within the two blue trendlines. It's hard to know what to think with these trends that are moving upwards but with a trend that looks like garbage. The main problem here for me is the dump about midway up. The price recovers quickly back to the trendline, but it's put a bit of a dent in what would otherwise seem like a...

MarkLudgate

Hi, Well, i'm going to try this setup on this inside bar. you should be able to get all the info you need from the chart. The setup is in blue and the analysis is in yellow. Cheeeeeeeers! Mark

MarkLudgate Updated 

We have a possibility here for long trade on bitcoin . In the intermediate term I still think the price wants to reset, which would involve some sort of triangle or a move back down to the larger moving averages . To understand why it's worth trying a long trade against these odds, we have to consider the possible outcomes, which i'll do in a bit. But first: ...

MarkLudgate

Hi, We have a pretty good probability that this trend wants to continue. i really don't like these messy trends but considering how far we went up in the last uptrend on FCT it's worth trying to get in. Entry: the first thing i'm going to do is put in a buy order at the level shown on the chart. But I'm hoping that we will get a retest of the blue trendline...

MarkLudgate

I'l be watching ETC for a further consolidation into a triangle which can be traded as a breakout. Entry: If the price bounces back up at the bottom of the triangle (yellow circle) I'll put a buy-stop at the top pink horizontal line. If the price consolidates more (like the orange line). I'll move the buy-stop to be above the last swing high (like the lower...

MarkLudgate

Entry: I have a buy-stop in at the top of the red box. As the price has already broken above the last four candles i could buy now, but as a general rule to avoid mistakes i like to always try and force the price to break some sort of resistance before buying. Initial stop: Stop-loss at the bottom of the red box. This is under the last low of the current move...

MarkLudgate

Entry: If the price breaks above the last high (shown by comment A) we can think about buying. I already have a buy-stop in place for this. The initial stop will be under the current range (shown by comment B). Exit: We're going to manage the trade by moving a stop up under the lows on the daily timeframe. If the price makes any substantial move in one...

MarkLudgate

Well, got stopped out at the red line. Entry: If we break above the top of the far right red box (the long position indicator) I will rebuy. Stop: i'll have an initial stop at the bottom of the red box. Again this is a tight stop. We've just had a pretty big drop so people must be thinking about taking profit at this point, so I'm going to consider being...

MarkLudgate

Hi! Just a quick update: - Going to add to my position after the break up of this smaller triangle that is forming. - I'm also going to move my stop up to the red line.

MarkLudgate

Hey good morning, Time to get back into PascalCoin. We're going for another break after this sideways movement. It's a little messy but basically forming a working triangle pattern enough that it's worth trying it. We're getting a consolidation of the price sideways. Getting in: We're going to buy the break of the last high, as indicated on the chart ...

MarkLudgate

Going to do two things at this point. The first is bring the stop up to the red line (0.00129). This is pretty tight but would get us out the trade with a 8:1 plus risk to reward. If we do break this point there's a good change the price will want to retrace to the larger trendline (as per the blue arrow) and I'll try and re-buy at this lower price (shown by the...

MarkLudgate

Hi! At this point the price has broken above the larger triangle pattern - a bit early maybe - and we now have another smaller triangle forming. The technique i'd like to try here is adding to the trade with a smaller stop size (shown by the second long position indicatior and the blue arrows). What i'm going to do is, IF we break the small triangle higher, i...

MarkLudgate

I'm going to prepare for a breakout of this triangle pattern if the price goes above the last high. Hopefully the price will consolidate more and we can cancel this trade and get one with a tighter stop and therefore a better risk to reward. EDIT: We just broke above as i was writing this, so we're in the trade now. Let's set the stoploss and see what...

MarkLudgate Updated 

Hi Going to buy a breakout of this small daily range. The price is a little erratic, but it's worth pursuing these setups on cryptos as the risk/reward can be in multiples of ten if it gets pumped. The price has also been though a pretty erratic 'resetting period' since the last pump and is beginning to become more consistent in it's waves. What I'm looking...

MarkLudgate Updated 

Hi At this point I've sold half of my bitcoin at break even. We didn't get the 'pop' upwards I was hoping for. I don't like to mess around with trades once I'm in, but taking a fresh look at the latest candles, I'm feeling that the probability of a good move up immediately is against us and I'd rather protect my capital. I have a few reasons based on how I think...

MarkLudgate Updated 

Entry: We're going to buy when the price breaks above these highs of the 1st and 4th candle. Stop: The stop will be going under the swing low. A break of this stop will also be breaking the blue trendline. Exit: We will look to move a stop up under the swing lows and ride the trend out as long as possible. Things i'm considering: - The overall direction is...

MarkLudgate

Entry: We have a sort of consolidation happening, if we break above that we could get a nice pop up. Stoploss: We want to get the stoploss as tight as possible while still being reasonable. If we break the blue trendline the chances are we are heading down. Having a tighter stop will give a better risk to reward. The idea here is to take a slightly higher risk...