Learn to Trend Trade, Heikin Ashi Style. You will win....most of the time. haha.
Just for educational purposes only, I charted the potential date & price range of what you could have potentially made sitting at the computer and trend trading on the 30min candle over the weekend.
Rules applied on this since we are in a downtrend is to:
1. Leave your emotions are the door.
2. Enter on 2nd green candle or 1st bullish green candle.
3. Exit the first red candle that forms - Max profit potential
4. If you step away from the computer for more than 1hr, set stoploss under the 1st green candle or where ever you're willing to risk. More than likely, your SL will get triggered though but loss is minimal. Market squeeze is a real thing so I don't like SL all the time.
Try it out and let me know.
I have the Heikin Ashi Alert script in my other posts
Just for educational purposes only, I charted the potential date & price range of what you could have potentially made sitting at the computer and trend trading on the 30min candle over the weekend.
Rules applied on this since we are in a downtrend is to:
1. Leave your emotions are the door.
2. Enter on 2nd green candle or 1st bullish green candle.
3. Exit the first red candle that forms - Max profit potential
4. If you step away from the computer for more than 1hr, set stoploss under the 1st green candle or where ever you're willing to risk. More than likely, your SL will get triggered though but loss is minimal. Market squeeze is a real thing so I don't like SL all the time.
Try it out and let me know.
I have the Heikin Ashi Alert script in my other posts
Trade closed: stop reached
Was setting trailng stop losses on up. Glad I did. Triggered my SL at .01392. $140 profit. It might leg up but every time I think that about a coin tanks more so I'm going to be happy with the profit and go get my kids a haircut. Regroup laterTrade active
Been in this trade for the last 10 hours. A couple trend change candles forming on the 2hr time frame. Still monitoring as we need to be cautious on what BTC does. My entry was .01084 with a stop loss set for .01070. If VET starts to up trend, I'll start trailing stop losses. It's up to you in how you want to proceed in your trade. Good luckTrade closed manually
2nd bear candle formed.That's confirmed sell.
4hrs worth of downtrend.
I'm a hop out the trade.
BTC is looking weak. a massive bear candle on 1HR for BTC.
Note
WOW. of course I get out the trade and BTC spikes like no other. Oh well. No one seen this sudden spike. It seems like market squeeze anyway liquidating all the BTC shorts.
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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.
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.