So as I said in the previous post, I have five crypto on priority alert at the moment as shown here on Monero for example. If the alert is hit and the entry meets my criteria on my method, I will be showing the trade as a long entry. Eg XMRUSD 9 @ $215 will be my demo entry. Then I trail the stop up which will be the red line. When the stop is hit I will show...
A few dip buyers coming in but on low volume. I have about five crypto on priority alert so lets see how things look if one of my alerts is hit.
$USD index rally has ended. This was quite a surprisingly strong rally. I picked up some great FX trades this year. We are starting to see good momentum returning to forex.
In other news S&P 500 breadth is at a critical point. If there is a rejection here there will be trouble ahead. A breakout means that more upside in stocks is likely. There are some very critical issues in emerging markets and flattening yield curves. This late stage in the credit cycle is very critical.
Monero has rejected. I thought this was going to be my first entry of my crypto challenge demo but my system has again protected me from making a false entry. I have EOS on priority watch but it could break down. Lets see. Trading is not just about making money. It is also more importantly about preserving capital. I made and lost several fortunes in my early...
I could have taken this breakout on the smaller time frame but this price action is a bit too volatile. Will wait for better setup.
My NEM alert went off but again this is against my anti chasing rule. I will show when I get a valid setup on a crypto on my watch list. I might do a demo account for a short time to show how my method works. I don't like to trade demo too long because it can interfere with my real trading.
Sia is on alert but against my anti chasing rule. One of the main purposes of my method is to stop myself from chasing.
EOS is on alert but against my anti chasing rule. See what it does. If there is a breakout it will most likely be false.
I have an alert on Iota but it is against my anti chasing rule at the moment. When my alert is triggered I don't always take the trade.
Bitcoin is in a good retracement now. Looking for a higher weekly low. Something above 7,000.
Monero is on swing low alert. I like this in the longer term outlook.
This is an interesting development. High volume breakout. See how it goes. Small position
I only have Ethereum classic and Bitcoin cash open at the moment. Should start to get some higher probability setups coming through. For those handful of people who who showed interest in my charts I will explain what I mean.
I looked a bytecoin a few times but didn't add it to my watch. Not sure what the attraction is. Have to find out more about it.
Ethereum coming off now. Interesting to see where it finds support. This is better for the longer term if it pulls back now. I believe that Ethereum will take the number one market cap spot eventually. Just saying.
This was a very nice consolidation breakout on Ethereum.