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Highrisk

100% gains for Etherium?KRAKEN:ETHUSD has taken a beating, along with most (all) other cryptos. However, there is a possibility that we are going to see 100% gains from here - this sounds great, but considering how much ETH has fallen from all time highs almost a year ago, people who bought in back then shouldn't get too excited - there is a long way to go before you even break even... But there is a possibility for people who are new to the market to take some profits from this point. The price has established a solid downtrending range and price has just hit to bottom of the range. This coincides with an area of support that could possibly act to help reverse the downward price action over the previous few weeks. Thirdly, price has reached it's target following the symmertrical triangle breakout. If price manages to turn around it would not be unreasonable to expect it to hit the top of the downtrend range, at around 200. However, keep your losses tight, as the bearish sentiment is extremely strong and I would not be surprised if it overcomes any bullish sentiment, meaning that price never manages to reach the stop of the trading range. In addition, should price fall below the bottom of the trading range, the next stop is at around 55 - so a 50% loss.
Long
by joasia
GBPMXN - early next weekGBPMXN is an exotic pair that is very high risk - but also very rewarding if you find the right entry point and are prepared to lose big time. Losing? Big time? Ooops - nobody want so hear about that! Right? LOL. I was taken out for a major loss a couple months ago, as I did not appreciate how violent this pair is. But.. but I've learned a lot in the last two months. This time around I'm more controlled and more disciplined. So, early next week I'll decide what I do. Gonna study this one more over the weekend. This is not a 'revenge' trade - if I get involved. I don't do revenge. That's novice stuff. I may well stay out.
by Captain_Walker
Bull flag pattern? Will the rise continue?Congratulations to everyone who followed my trade. If you would had followed my previous trade, you should be enjoying around 40% profit. As I wrote before, it's time to analyse the market again and start looking for a new trade. I have drawn a Bull Flag pattern, which is the most bullish scenario that can happen for NLG/BTC. If the bull flag pattern follows through, we might see a climb towards the 800 region, possibly even testing 1000 sat. If you are a high risk trader, I'd start to accumulate and keep a tight stoploss (like below 390-415 sat). At time of writing this would be about a 10% loss. However, the reward could be a jump into 120%. I personally do not take this risk, I prefer to wait a little, in order to see if the bull flag persists. That's when I will quickly buy and enjoy the ride. I'll try to keep you updated.
NLong
by Poopieman
COST: High Risk for Long Term BuyConsidering your risk is something that all investors and traders should do before trading or investing in any stock. Often when a stock displays this much risk on the long- and intermediate-term time frames, it also warns of risk for short-term trading as well. The Weekly Chart provides better perspective of the risk of buying the stock at this new all-time high price. There is no support nearby. See how many points are at risk if a correction occurs? Trade Wisely, Martha Stokes, CMT
NASDAQ:COST
by MarthaStokesCMT-TechniTrader
TRIG - High Risk StrategyAs we all look to crush this financial opportunity in Cryptocurrency, it's always beneficial to open your mind to other strategies. In this post I'll show you my altcoin strategy for a coin with a smaller market cap (around $50M) which have the potential to give high % returns. Firstly, we see that this coin has had a run to the 27th Nov and has retraced back to the 0.618 Fib level which is a healthy retracement when in an upwards trend. When the price came to test the trend line, I bought in. My target was the black 0.618 Fib. I really should have posted this idea then! Next, the price broke the trend line and fell back to the 0.618 Fib level. Looking at RSI and Stoch RSI, they both are showing oversold at the time again, similar to when the price first retraced to the 0.618 Fib level. If this can keep support here then I will hold my position. If the price cannot hold then I will reduce my position to anticipate it dropping below the support line. If it then drops below this then I'll exit this trade. I am risking 17.5% in total for 100% gain. These trades a VERY hard to make and may come by only once a blue moon, but nonetheless some risk takers may find this to their style! Fundamental Analysis is a great addition when using this strategy as you can 'buy the rumour and sell the news' or in other words, get in before everybody else. I would advise to only place a small % of your trading account in trades like these and stay strict to your strategy. Please let me know your thoughts on this strategy in the comments below!
T
by JoshThomas04
GBP/JPY ShortI bought GBPJPY the last week of August/ first week of September. I've been selling it all month, expecting it to hit 129.400 again (hoping price continues to fall past it as well, but well see). 68/69 trades have been closed in profit across two accounts. While taking profits on one account the other was left to run, so there are 7 active trades in drawdown, and 2 trades hovering in profit. since I don't us S/L's 132.340 is the resistance level I'm watching to determine whether I bail or try to mitigate losses. I'll get a warm and fuzzy feeling about my abandoned trades in drawdown if price drops below and rechecks 130.674. At this point I'm just trying to close them all in profit, so that I don't take losses due to not paying attention, but overall I'm stoked about the ROI I've managed to rake in this month.
Short
by Hvn_Cnt_Trd