protradingmentors

protradingmentors

BTC and LTC s Long Term Trend has been Negative for a while now but today our AM wave indicator has confirmed a change from Neutral to Negative for ETH. The Medium Term trend is also Negative and currently the Short Term is Neutral. The ST Trend was Positive this morning but in the afternoon turned back to Neutral

protradingmentors Updated 

This morning I posted the shift from Short Term Trend change from Neutral to Buy/Long. I received a few comments and questions regarding the signal and trade, so here is the detailed breakdown. Trading is part art part science. IMO the art part is the exit. I will explain my actions and the reasons behind them. Long Entry came quickly after the Trend Change...

protradingmentors Updated 

Short Term Trend changed from Neutral to Long/Buy this morning. Entered at 780, have tight stops in place since the Med Term Trend is still Negative and the Long Term trend is Neutral. Good luck

protradingmentors

Our Wave Indicator on the Short Term turned Neutral yesterday afternoon and this morning turned Positive. There are still some headwinds coming ahead with Resistance at 9300 and the Daily 200 EMA around 8800. For now we will be taking intraday long trades on BTC but with tight stops.

protradingmentors Updated 

Our last swing trade we kept a very tight stop since we were hovering around the Daily 200 EMA. We are not gamblers we are traders so we kept it tight. This tight with a few added confirmations and a close below support levels we are giving much more space. Our current stop is at 7600 which gives us lots of room but also protects our profits.

protradingmentors Updated 

Last week we wrote about a Bear Breakdown confirmation but it was deleted by TradingView, so I am posting it again. Our next target is 5900.

protradingmentors Updated 

We are 8 for 8 on intraday shorts for BTC. Our last trade we got a bit unlucky with a $800 candle that jumped up and took out our trailing stop before it started to go back down again. We stayed a bit patient, waited for our signal plus confirmation and re-entered. We always have a stop, this time a trailing stop once again since we are profitable. Our next...

protradingmentors

The last time we gave a short term sell signal a few people laughed at us saying it was our funeral for constantly going short. However, we have had 7 successful short signals in a row and this one looks to be the biggest winner of them all. Currently we have a trailing stop at 7200. Our target is 5900 but we will keep our stops tight to protect profit.

protradingmentors Updated 

We posted on Jan 16 that the Long Term Trend had changed from Neutral to Negative. Recently it went below the 200 Daily EMA our next target of 7600 is in sight. We at ACM are only taking short trades. Good luck

protradingmentors Updated 

All of our wave indicators are still flashing negative. We took a small profit on our last short term trade and now we are going for 6 in a row ;) Our short entry was at 9200 with a target of 8200-8500. Once again though since we are so close to the 200 EMA we will keep a close eye. If it breaks the 200 EMA, we will use it as a natural stop.

protradingmentors Updated 

We are 2/3 on our most recent swing calls to the downside. We exited our last trade a bit too quickly because of a order entry error in the bracket order book (limit/stop loss). c'est la vie We are targeting 7600. The profit zone is 7200-7800. We have a breakeven stop loss hovering close to the 200 Daily EMA.

protradingmentors Updated 

All of our wave indicators are negative. We have taken 4 straight winners on BTC shorts on a day trade. We have also made money on multi day swing trades as well. Our target is 8000. Just as I wrote earlier, being so close to the Daily 200 EMA we will keep a very close eye on our short, but it seems as though the 200 EMA might...just might be acting as...

protradingmentors Updated 

OST is just coming out of a symmetric triangle correction for wave 2 and entering wave 3, which is usually the strongest and longest according to Elliott Wave Theory. Stop loss: $0.35 Target 1: $3.90 Target 2: $9.70

protradingmentors Updated 

Three short term winners of $700 each to the downside for BTC over the last few days. We re-entered on the short side, but we are cautious as it is getting close to the 200 Daily EMA. We will be watching this carefully with tight stops. If it breaks the EMA, the next major support level is at 7600. Good luck!

protradingmentors Updated 

Short Term Wave Indicator went from Neutral to Negative and gave us a short signal @11.7k. Our target is 11k with a stop loss at 12.1k. Update: Came very close to our target, lowered stop loss to 11.5k to protect profit since we are coming off a small loss on our last trade. Good luck!

protradingmentors

The Long Term and Medium Trends are both negative for BTC. We have been taking short trades on BTC since the middle of Jan. Our target is the low of yesterday, if it breaks it could go down to 9,400 again. Our entry signal is at 10,900. Stop loss of 11,250. Close to a 2:1 reward ratio with target at 10,200- 10,300. Breakout possibility to 9,400.