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USDHUF

(4h, $USDHUF){4H, $USDHUF} The general price movement is in an ascending-channel after price confirm the Support/Resistance of the channel {Previous Price Action} The price was Bouncing & pulling back inside the channel while it keep making HH/HL to confirm it's direction to upside, there's no Fake-outs has made before & this shows long-term price stability {Current State} After last pullback from Resistance-level of the mini-ascending-channel, price made first breakout under the Support-level of the channel, last movements showing that price start making Hh/HL in order to get back into the channel & it's normal state {The Plan} Wait for the price to get into the channel again so we can go Long & trade following the general trend direction after getting all confirmations of Rectangle-breakout. {Alerts} Set Alert at (304.245) level to catch next LONG movements after breakout & getting all Confirmations {Valid Pattern} Rectangle-pattern {HQ Chart} i.ibb.co (Original post: stocktwits.com )
Short
by FirasMohamed
2 BTC to 20 BTC Trading Challenge - Day 2 (2 BTC)Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. Please be advised that I trade on high leverage and am comfortable with the risks. What you do with your $ is your business, what I do with my $ is my business. Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge Phew, today was a very long day of work. Felt like I was red lining from the moment I woke up until now! That’s okay though because I love this stuff... not to mention I've had a few ice cold Montucky Cold Snack's and recently ate a delicious dinner. Usually it takes me weeks to find the entries that were staring me in the face today. It can be frustrating when good entries are hard to find and it can be kind of intimidating / distracting when signals / alerts are going off left and right. This challenge is either going to get started with a bang or I am going to dig myself into a deep hole with the positions opened today. Only time will tell! Either way I am feeling very good and I am very excited about the volatility that appears to be starting / continuing, especially in the traditional markets. Open Positions Long: XBTM19 Price: $3,727 Projected Risk (due to horizontal support): 6.34% Leverage: 10X Exposure: $3,737 Margin: 0.1 BTC Unrealized PnL: -0.0032 BTC Realised PnL: +0.0002 BTC Notes: Longed future with the latest expiration date due to the backwardation. I could sell spot to hedge but that isn’t how I roll. Long: XRPM19 Price: 0.00009702 Projected Risk (due to horizontal support + 33 MA): 6.37% Leverage: 10X Exposure: 5,668 Ripple Margin: 0.054 BTC Unrealized PnL: -0.0053 BTC Realized PnL: -0.0013 BTC Long: USDTRY Price: $5.55804 Projected Risk: 5.66% Leverage: 100X Exposure: 0.16 lots ($16,000) Margin: 0.048 BTC Unrealized PnL: -0.076 BTC Long: USDZAR Price: $14.48 Projected risk (Parabolic SAR): 2.41% Leverage: 100X Exposure: 0.12 lots ($12,000) Margin: 0.03289 BTC Unrealized PnL: +0.008 BTC Long: USDHUF Price: $284.46 Projected Risk (Parabolic SAR): 1.80% Leverage: 100X Exposure: 0.12 lots ($12,000) Margin: 0.03131 BTC Unrealized PnL: -0.003 BTC Short: SPX500 Price: $2,478.30 Projected Risk (horizontal resistance at $2,526): 1.93% Leverage: 100X Exposure: 0.16 lots ($39,600) Margin: 0.104 BTC Unrealized PnL: +0.00786 BTC Short: EURUSD Price: 1.13387 Projected Risk (expecting 33 MA to become resistance): 0.6% Leverage: 100:1 Exposure: 0.32 lots ($32,000) Margin: 0.084 BTC Unrealized PnL: Notes: Do not like the EURUSD projected risk that I used and thus the exposure that I have. At a minimum I should have gone more than halfway above the 50% mark of today’s marubozu, which is also above all the MA’s and horizontal resistance. If this goes against me it could end up costing me a lot more than I want / expected. Watchtower ETHUSD: I am bullish until Constantinople Hard Fork. Buying the hype, and selling the news. Consensio is bullish but waiting for c&h to confirm + TL breakthrough. Also waiting to enter due to price being up > 8% in last 24 hours combined with unfavorable r:r. ETHBTC: Weekly Descending triangle that found support from prior ATH’s. Expecting huge volatility once it breaks. Passing on entries until a daily candle closes above or below. XAUUSD: Watching for resistance from trendline leading to a breakdown of the parabolic advance.
Long
by Sawcruhteez
4