StumpGrinder

StumpGrinder

This would be my drop to a 4HR chart for my ENTRY EXECUTION. My next step is to set alerts at the S4 CAMARILLA level, as I then want to check that all our ENTRY REQUIREMENTS have been met: a.)->A TRENDLINE break (support/resistance break in-general) b.)->A BULLISH PPMA crossover (often happens BEFORE the trendline break even!) ...

StumpGrinder

3.)Here is a messy MOCK-UP of our chart with our TRENDLINE STUDIES and CAMARILLA PIVOTS(weekly) to help guide our brainstorming process. In a nutshell I am primarily expecting price to break out above our TRENDLINES and PPMA's(pivot point moving averages), triggering a BUY. 3.1)On the other hand things may not go the way I am expecting, and so I have CONTINGENCY...

StumpGrinder

1.) We have a confirmed BULLISH MARKET-CONDITION. (As confirmed on WEEKLY using 3-5period PPMA's ) 1.1)This BULLISH MARKET-CONDITION restricts us to LONG POSITIONS. We can enter these LONG POSITIONS through either BREAKOUTS or PULLBACKS. This particular series of posts will be assuming a BULLISH MARKET-CONDITION, and so will deal only with BREAKOUTS (as...

StumpGrinder

The above is what we will be starting with. No further indicators just yet. We will only be using PPMA's, and trendlines. Maybe 3EMA to confirm PRIMARY TREND. 1.)Confirm PRIMARY TREND to determine MARKET-CONDITION. MARKET CONDITION DICTATES OUR TRADING STYLE. Primary Trend is trending BULLISHLY = BULLISH MARKET CONDITION BULLISH MARKET CONDITION = TRADE...

StumpGrinder

Refer to my previous post for my 'thesis' for the trade. Please help me improve, criticism is really welcome.

StumpGrinder

Criticism is welcome. Actually, it's encouraged. I know my R/R is crap, I just don't know how to deal with BTC volatility other than trading from Daily/3-Day chart and swing trading for a week or so at a time with big stops like this. ah help

StumpGrinder

yeah

StumpGrinder

yeah yeah ya know

StumpGrinder

self explanatory, just getting some practicimo

StumpGrinder

self explanatory, just getting used to this

StumpGrinder

I think this is a viable trading range for BTCUSD on 4HR chart I will try and profit off it see how it goes

StumpGrinder

New to trading and saw a nice little range or channel or whatever on the XMRUSD 4HR. I'm just publishing it because I want to keep an eye on it and maybe other people had some recommendations for making my range boundaries more accurate or whatever. I'm shorting the resistance and longing support and am trying to keep the overall trend in mind so I don't trade against it