This is an update to previous trade. The analysis is linked below.
If continue up I'll close fully at $39,950 just to front run 40k a bit.
Currently the pullback is quite aggressive but we'll see. I closed the first position that had a stop at 38567 roughly. The last position stop is around $38,740. That have an 8 RR to $39,950 area.
If continue up I'll close fully at $39,950 just to front run 40k a bit.
Currently the pullback is quite aggressive but we'll see. I closed the first position that had a stop at 38567 roughly. The last position stop is around $38,740. That have an 8 RR to $39,950 area.
Trade active
Added another scalp long to $40,000 Roughly 2.5RR stop around $39300Trade active
Added another long. The added position above entry was 39500 with stop at 39247, I lowered it to 39247 because that was more ideal. Am in drawdown now. This position is Half the size of the first. The idea for this long is to help reduce the risk on the first trade...So if price continues up back to break even of the first I'll close half the position of the last trade I added. Reducing my risk again. If it starts to range and comes back down lower to 39300 area. I'll add another half then if it goes back up I'll close out fully the trade above at break even...essentially moving the stop lower with little risk. Now if price goes down more...I'll only lose an additional 0.125% on top of the 0.25% I added.Trade active
Position reduced as planned above but instead of BE. Got above the highTrade closed: target reached
Took massive profit to end the week strong!. I have a small position still active incase we spike to $40,800
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.