Opening up a short position near the cloud was a risk and if I had not identified the cloud I wouldn't have pulled my SL. Thankfully I did adding more contracts in the cloud which is working out but to be honest was a dumb idea. The reason being was BTCs leg down was predictable as the cloud moved down on the daily and some of the divergences were pointing that way. Playing the alt game on short or long trades with leverage (Low Leverage) you always need to keep in mind what btc is doing. I will keep the short open however if we close in the cloud today I will pull the short for a small loss, I would rather take a small loss than being chopped out by the cloud. Under the cloud we could see some upward momentum but the sell off most likely will reject us out and back under the cloud. I will not readjust the time frame as it would be a waste of a trade to allow it to leave it open past this time frame.. This isn't the best trade it is extremely sloppy but fighting through it. These were just some thoughts on the short.
"It's so messy."
-Kewlkat
"It's so messy."
-Kewlkat