First live trade of the new strategy
We already got the first sell signal from short term strategy and I use it as a stop for a long term strategy
And now we had the first sell signal for the long term strategy , with the confluence of short term strategy I have increase my short position size
Keep in mind that there is a potential resistance zone which price might want to test and even break it for additional liquidity as described below
I set additional sell order up to %5 upper band of the current price and I will keep it short until the strategy is long
This is a live test trade, and first trade of my forward testing, so please be cautious!
We already got the first sell signal from short term strategy and I use it as a stop for a long term strategy
And now we had the first sell signal for the long term strategy , with the confluence of short term strategy I have increase my short position size
Keep in mind that there is a potential resistance zone which price might want to test and even break it for additional liquidity as described below
I set additional sell order up to %5 upper band of the current price and I will keep it short until the strategy is long
This is a live test trade, and first trade of my forward testing, so please be cautious!
Note
Clearly not a good start for the new strategy On the other hand price explored the area that I mentioned on my original comment
And my additional sell orders filled
And if you are short biased according to the Volume weighted bands it is less riskier to sell on the upper band
Note
8.3K sats is still holding resistance and unfortunately we haven't seen the PA to trigger the short yetAccording to the strategy bias is still short
Order cancelled
Clearly it didnt played out well, time to learn from it and make it better.
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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.