ADABTC Long | ADABTC Short | You can trade long or short
⬜ This is two trade what I took for ADA, Cardano on Delta Exchange. This is publish for my personal trading journal but maybe can be good for someone (I like to come back on my past trading and check what was good and what can be improved).
⚪ Trade is taken on weekend when mostly is low volume and when I saw possible Elliott Wave idea and this least for me is not new trend to break ATH I jump in Long. Have trade plan where to place Stop Loss, and what is my Targets.
Taking profit I done based on my plan for trade, again using harmonic pattern indicator and already some possible resistance level.
When reached last preset target (180% ROI) I close all trade.
⚪ Same happens for Short trade. When I saw rejection.
I saw rejection from weekly resistance and based on last long trade, this is not impulse wave, maybe just larger correction, I took short trade when I saw strong rejection and didn't bounce from 1st support (expected maybe will broken resistance flip to support).
Break bellow expected resistance, tested, can't break above (perfect for entry) and continue trend down.
Rest of this trade is on chart where and why I took some profits.
Remember ALWAYS plan your trade and trade your plan. Use Stop Loss and have Targets where you will take profit. Don't be greedy and don't forget to take profit off the table.
⚪ Trade is taken on weekend when mostly is low volume and when I saw possible Elliott Wave idea and this least for me is not new trend to break ATH I jump in Long. Have trade plan where to place Stop Loss, and what is my Targets.
Taking profit I done based on my plan for trade, again using harmonic pattern indicator and already some possible resistance level.
When reached last preset target (180% ROI) I close all trade.
⚪ Same happens for Short trade. When I saw rejection.
I saw rejection from weekly resistance and based on last long trade, this is not impulse wave, maybe just larger correction, I took short trade when I saw strong rejection and didn't bounce from 1st support (expected maybe will broken resistance flip to support).
Rest of this trade is on chart where and why I took some profits.
Remember ALWAYS plan your trade and trade your plan. Use Stop Loss and have Targets where you will take profit. Don't be greedy and don't forget to take profit off the table.
