TRX aka "The Golden Tux"
Today is January 21, 2019. It is time to make an attempt to pull off the second ever "Golden Tux" using TRX. It has been done in the movies but never have I seen it here on TV (TradingView).
Objective: We take $100 (one-hundred dollars or 100 single dollar bills) and trade TRX with USD or in the USDT using Binance.
Goal: Trade daily (when conditions allow) for an average of 2% a day compounding only the initial $100 to a grand total of $50,000 by December 15, 2019, just in time for Christmas shopping.This could come in 1 to 3 Trades a day depending on the volume and direction of the market.
Concept: We use $100 and look for 1% to 2% trades a day. We play conservative with our 1-2% trades unless we are more than confident the trade has more to offer for the day. The concept of taking profits at 1-2% daily is based on an understanding that we will miss some huge gains but we will also be sheltered from huge losses. Slow and steady wins the race. Each day we reinvest earnings from the previous day. Some days there will be no valid entries. Other days there will be multiple entries and/or obvious greater than 2% gains to be taken.
The setup/tools/Indicators: 3-5 Tools
Basic Users
1) RSI
2) MACD
3) 4EMA+BB = (9=Blue / 50=Yellow / 100=Orange / 200=Purple / BB= standard dev of 2)
General Entry and Exit
(a) wait for the RSI to be undervalued/oversold
(b) Next wait for the MACD to turn bullish
(c) When both a+b conditions are satisfied... this is our entry point (in most cases).
(d) exit at 1-2% or at EMA resistance or at Bollinger Band (BB) resistance
Upgraded Users (in addition to basic users tools)
4) MACDL_LB - Level Line = 0 = Yellow // Above Yellow is Bullish Zone
5) BB = Standard Dev of 1=White // a shift in price between the often signals a retracement on that chart
General Entry and Exit
(a) wait for the RSI to be undervalued/oversold
(b) Next wait for the MACD to turn bullish
(c) for more confidence, wait for both a+b conditions are satisfied and MACDL_LB to turn bullish. This is our entry point (in most cases).
(d) exit at 1-2% or at EMA resistance or at Bollinger Band (BB) resistance or MACDL_LB turns Bearish
Will look to post every trade set-up until $50,000 and the end of the year Holiday Season using TRX and the conditions outlined above. The worst things you can do in the cyprto-market are (1) rust to failure, (2) chase price movement and (3) or go long for too long. BTC looks to have hit rock bottom. If we miss, we wait for recovery which is rather quickly these days but cut our losses fast.
Happy Trading Earthlings
Disclaimer: Nothing stated in the post or any other post is intended to be used as investment advise. This is for illustration and educational purposes only on the possibilities of trading and not a matter of science. Invest at your own risk and never invest more than you can afford to lose.
Objective: We take $100 (one-hundred dollars or 100 single dollar bills) and trade TRX with USD or in the USDT using Binance.
Goal: Trade daily (when conditions allow) for an average of 2% a day compounding only the initial $100 to a grand total of $50,000 by December 15, 2019, just in time for Christmas shopping.This could come in 1 to 3 Trades a day depending on the volume and direction of the market.
Concept: We use $100 and look for 1% to 2% trades a day. We play conservative with our 1-2% trades unless we are more than confident the trade has more to offer for the day. The concept of taking profits at 1-2% daily is based on an understanding that we will miss some huge gains but we will also be sheltered from huge losses. Slow and steady wins the race. Each day we reinvest earnings from the previous day. Some days there will be no valid entries. Other days there will be multiple entries and/or obvious greater than 2% gains to be taken.
The setup/tools/Indicators: 3-5 Tools
Basic Users
1) RSI
2) MACD
3) 4EMA+BB = (9=Blue / 50=Yellow / 100=Orange / 200=Purple / BB= standard dev of 2)
General Entry and Exit
(a) wait for the RSI to be undervalued/oversold
(b) Next wait for the MACD to turn bullish
(c) When both a+b conditions are satisfied... this is our entry point (in most cases).
(d) exit at 1-2% or at EMA resistance or at Bollinger Band (BB) resistance
Upgraded Users (in addition to basic users tools)
4) MACDL_LB - Level Line = 0 = Yellow // Above Yellow is Bullish Zone
5) BB = Standard Dev of 1=White // a shift in price between the often signals a retracement on that chart
General Entry and Exit
(a) wait for the RSI to be undervalued/oversold
(b) Next wait for the MACD to turn bullish
(c) for more confidence, wait for both a+b conditions are satisfied and MACDL_LB to turn bullish. This is our entry point (in most cases).
(d) exit at 1-2% or at EMA resistance or at Bollinger Band (BB) resistance or MACDL_LB turns Bearish
Will look to post every trade set-up until $50,000 and the end of the year Holiday Season using TRX and the conditions outlined above. The worst things you can do in the cyprto-market are (1) rust to failure, (2) chase price movement and (3) or go long for too long. BTC looks to have hit rock bottom. If we miss, we wait for recovery which is rather quickly these days but cut our losses fast.
Happy Trading Earthlings
Disclaimer: Nothing stated in the post or any other post is intended to be used as investment advise. This is for illustration and educational purposes only on the possibilities of trading and not a matter of science. Invest at your own risk and never invest more than you can afford to lose.
Disclaimer
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