LTC preparing for a retrace?
I think that LTC has completed, or is very close to completing an Impulse 12345 move.
So am planning by entries. I am NOT sure retrace is coming soon, but am preparing.
The ''1x''. 2x, etc, are multiples I plan to buy.
I ladder in numerous small orders in those zones.
This NOT the Monte Carlo strategy. Only meant for accumulating.
If all three order blocks execute, I will have 2% of my capital spent.
Will update as it develops.
So am planning by entries. I am NOT sure retrace is coming soon, but am preparing.
The ''1x''. 2x, etc, are multiples I plan to buy.
I ladder in numerous small orders in those zones.
This NOT the Monte Carlo strategy. Only meant for accumulating.
If all three order blocks execute, I will have 2% of my capital spent.
Will update as it develops.
Note
Based on the higher than expected peak, I have adjusted my order zones and split same amount of money into 4 zones of concentration:
Note
Approaching my first buy zoneNote
Watching first zone, prolly no buys hereTrade active
Per my updated TA above, I did buy some in the darker green zone.Have now sold 60% of that position, with trailing stop on rest.
If it keeps going, then I will let the trailing stop protect remaining profits.
If it hits my stop, I will re-evaluate at that time....
the Golden Ratio is my Religion
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the Trading View is my Nation
the Moderator Tag is my Flag
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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.