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Stops

DASHUSD: Up 80% + in 13 days:Time to raise stops/watch this flagDASHUSD Update We were so lucky to get filled at 305 back on November 10th just an hour or two after the last Dash forecast went live and trade is still live and going well, so far. But it could be fading here, it's falling away from the top of the flag and needs buyers to push higher and trigger the next addition to longs. If we see this the stop on all positions can be raised to just under the upper parallel at the point of break out. If at any point buyers fade away and sellers are able to drive price below the lower parallel all longs must be closed out as quickly as possible to trap in 240 points of gains, up 80% in 13 days so far. Bitcoin eat your heart out.
BITTREX:DASHUSDLong
by sumastardon
1
Bitcoin: BTCUST Need to raise stopsBitcoin: BTCUSD Hate raising stops before China opens, especially after yesterday, but it could be that it gets sold off to begin with. If so look to buy from lower, having locked in profits We are long from 3 buy points today: !st was the break and hold above key resistance at 6950 (after closing out a 230 point gain as this level was hit and then losing 50 points on the ensuing short from the same level) 2nd on first touch of the lower parallel at 7090 (stop 50 points lower) 3rd on the break above the continuation pattern highlighted earlier today at 7170. Need to put a stop under some fairly hard-won gains and also put a limit level on for exit, if we see it, before the stops get hit. The stop on all positions can placed just under 7200. Bitcoin has been good to day traders again, pinging off support and resistance lines, though the lows were 13 points higher at 7090 than we could have done with as the perfect entry point if 6950 break had been missed earlier. That spike off the 7346 resistance line is the first for a while and so it could be that when far Eastern markets open it could get sold off...if so, look to buy back at 7134 and below down to 7090 with stops under 7060. On the upside, providing we don't get stopped out first, we should look to exit at 7540, or just under.
BITSTAMP:BTCUSDLong
by sumastardon
Bitcoin: BTCUSD Stops need raising to protect weekend gainsBitcoin Update Don't want this to turn over here now before China opens but it could do without some buying power from 7460 level to hold it up and then propel it through to a new high. Want to protect gains by raising stop to just under 7450 on at least half the position, if not all, according to risk profile. Ideally it will trade sideways between high and 7460 and then China could arrive to propel it substantially higher. However it will need that power to take it higher from here. So just in case it doesn't arrive, and it can only be deemed 50/50 chance in reality, we should protect the 400 points made so far this weekend just in case the Chinese don't come in to keep momentum going. Also need to remain aware of just how high this has risen and therefore just how low it could fall when buying power wanes again. probably back to 6312, if not to 6165. If it does we need to be flat and ready to buy again from lower down. If 7450 gives way day traders will step in on short side with stops above 7460 looking to drive prices lower still.
BITSTAMP:BTCUSDLong
by sumastardon
Smart Execution, intelligently use stops to maximize profitThis post is for all those who are asking about the progress of the holy grail project. There are many ideas that are being poured into the project that are making it more and more effective, but this is proving to be one of the more interesting ones. The idea of an adaptive stop loss is nothing new, trailing stops are super common, and many low latency methods employ some linear envelopes in the core of their stop loss methods. What the Holy Grail project is employing and may be somewhat new to the trading world is the idea of a stop loss function whose functional dependencies are dynamic in nature and rely on non-linear combinations. This is naturally accomplishable with the help of exponential smoothing. The Holy grail project had a problem that it would have too many neutral entries and exits, but now these can even lock in profits as they go. The next step will be to look at functional behavior that would warrant reentries, or some sort of stationary stochastic selection process of when to exit trades. Take a look at the plot above. The red line is the reference line, crossovers represent when to enter and exit a trade. The lime and teal lines are the Smart Execution Traces (SETs) and suggest when to exit. Exciting times!
by mcbw_