BITSTAMP:BTCUSD I see opportunity to long if price level finds support around the shaded area. For this opportunity, i wouldn't want to chicken out of the trade so am trailing my stops (at 40,000 points) Market will decide at last if our setup is valid or not.
BITSTAMP:BTCUSD Am applying my strategy in this trade. As per my setup, price should go at least 50% back in to the setup. I have opened 10 trades with sell limit. 7 would close at RR of 1:1.37 while the remaining 3 is set to close at 1:2. If our expectation goes wrong, then 7 other position would have covered the cost of our trade and made some profit for...
Still moving according to our setup. smiles :) Close 50% if price bar touches 1.38197 area because there is possibility that 1.39261 area will be retested before price finally gets to out target. FX:GBPUSD [
Short when 15min price bar closes below 1.41692 SL Above 1.42000 or use an SL of 20 pips. BE Breakeven 5 pips above 1.41500 if price bar breaks and RETESTS 1.41500 level. TP Apply R:R of 1:2 FX:GBPUSD
Correcting my previous post. Took me a while to figure out that i reversed the entire analysis. Haha FX:GBPUSD