How Ya All Guys Liking This ApeCoin Futures Trade!!!!!!
Padawans, How are you Liking this Ape coin Trade Futures Trade! Your Lightsabers must be tired. Over the last few weeks we have been posting numerous successful trades and persons message to ask how do i do it.
Well these last few weeks I have been perfecting trendline trading not really a novel strategy but especially for futures it is essential to get the entry right. I essentially look for breakdowns of the trendline and then wait for consolidation and then THEY produce a new trendlines. I update all my trades telling you to enter or to re enter based on this.
Now this week we had two failed trades, 1 was a scalp and 1 was Snx and a Forex Pairing. Snx was human error, ii actually gave the signal at the resistance to upper band of the trendline while i should have waited for the retest and then well bitcoin crashed. The most interesting one however was the forex pairing and it lead me to realize that I need to do my trendline analysis on large time frames for forex pairings. On crypto you can get away with using the 15 minute chart but in all my test in forex you are 50% likely to get wrecked. This may be a yawn, i already knew that moment for some of you but we are developing as we go.
Also lastly, here we were using multiple confirmations because there was also price level support which was $10.58 cents and that support has not broken not once in the last three days,.
Well these last few weeks I have been perfecting trendline trading not really a novel strategy but especially for futures it is essential to get the entry right. I essentially look for breakdowns of the trendline and then wait for consolidation and then THEY produce a new trendlines. I update all my trades telling you to enter or to re enter based on this.
Now this week we had two failed trades, 1 was a scalp and 1 was Snx and a Forex Pairing. Snx was human error, ii actually gave the signal at the resistance to upper band of the trendline while i should have waited for the retest and then well bitcoin crashed. The most interesting one however was the forex pairing and it lead me to realize that I need to do my trendline analysis on large time frames for forex pairings. On crypto you can get away with using the 15 minute chart but in all my test in forex you are 50% likely to get wrecked. This may be a yawn, i already knew that moment for some of you but we are developing as we go.
Also lastly, here we were using multiple confirmations because there was also price level support which was $10.58 cents and that support has not broken not once in the last three days,.
Comment:
Update- well someone pointed out to be me the forex trade wasnt a failure because we did hit take profit 1 AND 2, However I got distracted and forgot to update the the trade was moving against us
