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King's Game

  • #21
  • Aug 16, 2019 6:28am Aug 16, 2019 6:28am
Took a small short @10050 and my SL is already at BE. Will took some partial profit at 9900.
Attached Image (click to enlarge)
Click to Enlarge Name: BTC - 5min - 16.8.2019 (short).JPG Size: 130 KB
  • #22
  • Edited 6:59am Aug 16, 2019 6:46am | Edited 6:59am
Took 200 off on 9900 and 200 on the trendline. We bounced directly on the trendline and now I am expecting a bit of a breathe before we try to push further.
Breaking below 1H, 4H and even Daily low is all in the cards today.

EDIT: wow fierce reaction. I was stopped out on the remaining position. On the sidelines for now.
Attached Image (click to enlarge)
Click to Enlarge Name: BTC - 5min - 16.8.2019 (short 2).JPG Size: 138 KB
  • #23
  • Aug 16, 2019 7:12am Aug 16, 2019 7:12am
CURRENT STATS:

TRADES: 2
WIN: 2
LOSS: 0
ROI: 33,14%

First short was cut prematurely because of my own confusion (and the need to be organized).
Attached Image (click to enlarge)
Click to Enlarge Name: PNL chart 16.8.2019.JPG Size: 54 KB
  • #24
  • Aug 16, 2019 9:21am Aug 16, 2019 9:21am
Quoting Tilt
CURRENT STATS: TRADES: 2 WIN: 2 LOSS: 0 ROI: 33,14% First short was cut prematurely because of my own confusion (and the need to be organized). {image}
Great start Tilt
  • #25
  • Aug 16, 2019 9:55am Aug 16, 2019 9:55am
Looks like you are more of a swing trader if your main TFs are 4H and daily. But I see the 2 trades you took were on the 5m which is day trading. Good trades though.
  • #26
  • Aug 16, 2019 11:43am Aug 16, 2019 11:43am
Quoting trickshady
Looks like you are more of a swing trader if your main TFs are 4H and daily. But I see the 2 trades you took were on the 5m which is day trading. Good trades though.
I don't really label myself too much.
I always try to align for a potential big run while taking entries on small TF to minimize SL and maximize RR.
  • #27
  • Aug 16, 2019 11:51am Aug 16, 2019 11:51am
I took a quick scalp LONG when I saw a continuation of the momentum while previously clearly rejecting the lows.
Couldn't deal with screenshot while doing it cuz it was moving fast.

CURRENT STATS:

TRADES: 3
WIN: 3
LOSS: 0
ROI: 74,68%
Attached Image(s) (click to enlarge)
Click to Enlarge Name: BTC - 16.8.2019 (long).JPG Size: 98 KB
Click to Enlarge Name: PNL 16.8.2019.JPG Size: 63 KB
  • #28
  • Aug 16, 2019 12:39pm Aug 16, 2019 12:39pm
Quoting Tilt
I took a quick scalp LONG when I saw a continuation of the momentum while previously clearly rejecting the lows. Couldn't deal with screenshot while doing it cuz it was moving fast. CURRENT STATS: TRADES: 3 WIN: 3 LOSS: 0 ROI: 74,68% {image} {image}
Nice...I caught a piece of that wave as well. Not as quickly as you got in - it's a work thing LOL. Have a great weekend all!
  • #29
  • Aug 16, 2019 1:03pm Aug 16, 2019 1:03pm
Quoting MarkGman
{quote} Nice...I caught a piece of that wave as well. Not as quickly as you got in - it's a work thing LOL. Have a great weekend all!
Nice, congrats.
Great weekend to all indeed
  • #30
  • Edited 11:44am Aug 18, 2019 11:23am | Edited 11:44am
Got a signal this morning so I've kept an eye on the BTC. Looks like we want to break that 4-day high at 10530-ish.
Entered long on that large green candle's retrace. Stop below the candle.

The plan is to target the breakout level to take 1/2 off the table for about 2:1 RR and moving my SL to BE, and leave the rest to run in case there's more bullishness after that Bakkt announcement that we rode on Friday. I am taking more defensive approach (smaller position and scaling out) because it's Sunday and if this turns out to be a good break-out we'll probably see good volatility and new opportunities in the following days. Obviously, anything can happen at any time. I am just mentioning what I see at this point in time, but can all be different 1 min from now. This is trading.
Attached Image (click to enlarge)
Click to Enlarge Name: BTC - 5min - 18.8.2019.JPG Size: 108 KB
  • #31
  • Aug 18, 2019 1:43pm Aug 18, 2019 1:43pm
Quoting Tilt
Got a signal this morning so I've kept an eye on the BTC. Looks like we want to break that 4-day high at 10530-ish. Entered long on that large green candle's retrace. Stop below the candle. The plan is to target the breakout level to take 1/2 off the table for about 2:1 RR and moving my SL to BE, and leave the rest to run in case there's more bullishness after that Bakkt announcement that we rode on Friday. I am taking more defensive approach (smaller position and scaling out) because it's Sunday and if this turns out to be a good break-out we'll...
SL hit. On sidelines and reassessing...might take another stab at the same idea if I can find an entry.

TRADES: 4
WIN: 3
LOSS: 1
ROI: 48,11%
  • #32
  • Aug 18, 2019 6:35pm Aug 18, 2019 6:35pm
Quoting Tilt
{quote} SL hit. On sidelines and reassessing...might take another stab at the same idea if I can find an entry. TRADES: 4 WIN: 3 LOSS: 1 ROI: 48,11%
Tough one. I'm scared to make trades on the weekend because I feel like volume is low so it's tough to predict. Should be an interesting next few days, with the level we're at and the news developments. Godspeed!
  • #33
  • Aug 18, 2019 11:55pm Aug 18, 2019 11:55pm
Quoting vanillaice
{quote} Tough one. I'm scared to make trades on the weekend because I feel like volume is low so it's tough to predict. Should be an interesting next few days, with the level we're at and the news developments. Godspeed!
That's a big misconception. Unlike all other markets, crypto doesn't have most active trading time. It doesn't matter if it's a weekend or not, it doesn't matter what time of the day it is, it doesn't matter if it's a holiday or not. It can be traded literally 24/7/365. If you see a trade, take it.
  • #34
  • Aug 19, 2019 2:42am Aug 19, 2019 2:42am
Quoting vanillaice
{quote} Tough one. I'm scared to make trades on the weekend because I feel like volume is low so it's tough to predict. Should be an interesting next few days, with the level we're at and the news developments. Godspeed!
Yeah, like trickshady said, crypto is 24/7/365 and a lot of whales are going to "surprise" us by buying/selling at unusual hours (for the traditional financial system). But I agree with you too, you can never know when price gains momentum but weekend is lower probability nonetheless.

I actually took a second long yesterday evening and was stopped out again. So two losses in a row that obliterated Friday profits. However, I was still convinced my idea was correct and I got in this morning again. Will follow up with another post...
  • #35
  • Edited 3:11am Aug 19, 2019 2:49am | Edited 3:11am
So, I was still pretty convinced that my yesterday trade idea is correct but I was too soon on timing.

This morning is what I am aiming for with every trade. A perfect entry with 0 drawdown and the price just continued in my direction gaining momentum.
I took a 1/2 off at 10520 and 1/4 at 10700 and I am now out of the position ~75% because we've run into resistance on 4H. Will be looking to reenter long again possibly. The trade is already profitable and SL on BE.

The reason I took 1/2 off at 10520 and didn't leave more in the trade was because the general direction (4h-D TF) was still not 100% clear and this could just as well be a fakeout, taking the stops above the highs out and then reverse back into the downtrend. On a large time frame, we're still trading inside the down channel and we haven't yet touched 50 and 61 fib from the last move down from the upper channel trend line. So I am not totally counting out short trades either.

STATS:

TRADES: 6
WIN: 4
LOSS: 2
ROI: to be updated when the trade is over.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: BTC - 5min - 19.8.2019 (2).JPG Size: 97 KB
Click to Enlarge Name: BTC - 4H - 19.8.2019.JPG Size: 117 KB
  • #36
  • Edited 2:50pm Aug 19, 2019 2:40pm | Edited 2:50pm
Violent rejection of the upper line with the congruence of 365 ema and 50 fib. The RR at the current price just got much worse, thus I am taking the profit and am out.

My gut feeling is we're going back down and was very tempted to reverse to short after I closed the remaining 1/4 of my long. Didn't do it though. Gotta keep those itchy fingers in check
Do not have any particular bias at this point for short-term BTC/USD.

STATS:

TRADES: 6
WIN: 4
LOSS: 2
ROI: 85.90%
Attached Image(s) (click to enlarge)
Click to Enlarge Name: BTC - 1H - 19.8.2019 (closed).JPG Size: 113 KB
Click to Enlarge Name: PNL 19.8.2019.JPG Size: 62 KB
  • #37
  • Aug 19, 2019 5:44pm Aug 19, 2019 5:44pm
The trend is still up so longs only. Btw that rejection on BTC wasn't very strong when you look at other coins. I follow all the major cryptos and trade on leverage BTC and ETH. At the time of this move, ETH dropped and gave me a buy signal. I expect both to continue up since the trend hasn't changed yet.
  • #38
  • Aug 19, 2019 8:34pm Aug 19, 2019 8:34pm
Quoting trickshady
The trend is still up so longs only. Btw that rejection on BTC wasn't very strong when you look at other coins. I follow all the major cryptos and trade on leverage BTC and ETH. At the time of this move, ETH dropped and gave me a buy signal. I expect both to continue up since the trend hasn't changed yet.
Do you move between the cryptos, or do you move in and out of fiat?
  • #39
  • Aug 19, 2019 9:12pm Aug 19, 2019 9:12pm
In a full blown bull run I move between BTC and alts but right now I move between btc/alts and usd. For leveraged trading i use bitmex and everything is in btc there.
  • #40
  • Aug 19, 2019 10:24pm Aug 19, 2019 10:24pm
Wow Tilt, this is a gem of a thread.

You seem to have solid experience trading and a very crisp and clear communication style. That combination is not very common in my experience. Looking forward to watching your trades live from now on.
If you like my post throw me a Doge: D85YHaQ6nQTp4oT13sHoAZbETn3sADVnF8
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