TolerableTrader

TolerableTrader

Having proven I know little about crypto projects value investing I just trade price action on charts. I can't tell you the amount of $BTC that I've lost chasing clout pushed coins cause "it's gonna 10x bro or got long time bag hold on this one". As a result....I haven't the foggiest, (nor do I care) what this coin does or purports to do and if you're on...

TolerableTrader

Most of my titles are pondering, watching, stalking. That sort of thing. I see the potential setup according to my trade rules and sit on my hands awaiting. This one is no different. Bunch of Alts look basically the same. Showing a spike down to an area that has shown some strength as a level in the past. If you draw levels, go right to left. Decide on strength...

TolerableTrader

I'm indifferent on ETH at the moment. It's done two touch's on the bottom of the range, two touches on the top of the range (where I missed an SFP, thanks very much Mr. part time trader). I don't have a rule-set in my trading plan about taking a 3rd touch on a level having found it to be not consistently profitable for me. So as always, watch and wait. ...

TolerableTrader Updated 

Been a bit since my last ETH chart. On that chart I crudely mapped out a retest of the level at 1233 with some arrows. It's never a given in this game, but I had hoped for some time and space and it wound form a first time back to a level for a retest. As I'm only a sometimes trader I didn't get filled on it as it just missed. When I got to the computer it...

TolerableTrader

Trading is a discipline game (really life is too). Yesterday I was watching and waiting for ETH to break out of the ~1150 to ~1235 range and had a written outline of a trade idea. And lo....ETH broke out with a ~4.5%+ candle. And now I'm watching to see if it performs a setup I like retesting the top of the range at ~1235. This first time back/rounded retest...

TolerableTrader

I remember this quite clearly......Years ago(~2008), I noticed a small cap stock (a friend worked there) would trade between .55 cents and .75 cents consistently. A few weeks went by like this. I bought at .55 cents, sold at .70 cents with $1,000 in my investment account 3 times. I knew zip about trading at the time just was following this pattern. Then the...

TolerableTrader

Between the usual sunday night number go down and Blockfi entering bankruptcy...... I expected a little harsher fall. Certainly not out of the woods yet, more bad news may drop as the industry continues to shake out the troubled companies/bad operators/thieves. I have charted out an idea here, a swing failure pattern seems possible with price swinging just ~$40...

TolerableTrader Updated 

ETH is around the midpoint of the range for me( solid green line), not quite strength enough to call it a level (or a weak level at best). So doesn't fit my trading rules, so no bets here. I'd still bet with uncertainty floating about we'll head down another time. Anecdotally sundays have been popular for nuking, so we'll see what this one brings. Wait and...

TolerableTrader Updated 

Trying to catch a knife here, way outside of ATR. Extremely low probability of filling. Will monitor.

TolerableTrader Updated 

Lots look like this at the moment. 3rd time to a level, not pushing away with conviction. Expecting it to go down. Wait-watch-stalk.

TolerableTrader Updated 

Fishing for a bottom. I'd make sure I was actively managing this one as it seems heavy overall.

TolerableTrader

Looks like we're about to break a significant area of resistance. Look for a rounded retest if you want to short. Volatile so proceed with extremely measured risk.

TolerableTrader Updated 

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