Entry: around 8K.
Stop loss: 8,300
Target: 4H 12EMA goes up again.
Notice: stop position in this trade is especially important.
BTC could hit another surge on any news about conflict between US and Iran.
Stop loss: 8,300
Target: 4H 12EMA goes up again.
Notice: stop position in this trade is especially important.
BTC could hit another surge on any news about conflict between US and Iran.
تعليق:
Another notice: I always use < 10% of my fund, it's called position sizing, and it's the KEY for trader to stay in the game. Learn it here: www.realvision.com/t...learning-how-to-lose
تعليق:
Closed position, waiting for 12EMA to decide direction.
تعليق:
My short position got swing out last night:
Only to find the trend not changed, and I get back to short position at a worse price, around 7,800.
I usually don't close position actively, that's stop loss' job.
But I was worry about US-Iran conflict to escalate, and tempted to take preemptive action upon it.
But that's NOT what this trade is about. This trade is simple: follow the 4H trend until it actually goes up again. Lesson learned, and I'll stick to the rule hereafter.
Only to find the trend not changed, and I get back to short position at a worse price, around 7,800.
I usually don't close position actively, that's stop loss' job.
But I was worry about US-Iran conflict to escalate, and tempted to take preemptive action upon it.
But that's NOT what this trade is about. This trade is simple: follow the 4H trend until it actually goes up again. Lesson learned, and I'll stick to the rule hereafter.
تعليق:
Another checking point to 4H trend, should be known on next 1 or 2 candles.
تعليق:
Trend goes up, close short position.
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