Morning! I noticed increased buying activity above low volume area. It created a sort of double bottom and is now attacking the 100MA level, where the POC also is. This level is most likely getting breached, so I am already in the position for 1:2.5 profit. It is a good idea to move the stop loss higher as we approach the low volume area where double top appeared two months ago. I recommend to put it slightly above POC.
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I am recording success rate of all my analysis in 2020. Here is how I am doing:
•A total potential reward of all my analysis is 5 out of which 2 was realized.
•The total risk of all my analysis (number of analysis) is 2 out of which 1 was realized.
•Trading based on my published analysis would equal to closing one RRR 2:1 position successfully.
•This excludes analysis on LINKBTC, which hasn't reached the target yet.
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I am recording success rate of all my analysis in 2020. Here is how I am doing:
•A total potential reward of all my analysis is 5 out of which 2 was realized.
•The total risk of all my analysis (number of analysis) is 2 out of which 1 was realized.
•Trading based on my published analysis would equal to closing one RRR 2:1 position successfully.
•This excludes analysis on LINKBTC, which hasn't reached the target yet.
Note
Forgot to mention rating conditions. This analysis will be considered successful with an ROI of 1:2.5 if it reaches the target. It will be considered void if it reaches the first low volume area and gives at least one day opportunity to move the stop-loss into the profit zone. It will be considered a loss, if it goes straight for stop loss.Note
Stoploss moved to 0.00002323Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.