Golb

Golb

I’ve been very busy over the past few days but the levels don’t change. Same game plan, there might be a bloody correction coming some time soon. The highs will be taken so I expect $700 in the next few days. It’s quite dangerous trying to chase the market when the move has already happened. I have no positions in the market at the moment and I don’t think I...

Golb

This dump probably scared a lot of people off XRP but my plan is still in place. I’ve been watching this area for a while. There is nothing surprising about this dump, XRP is very volatile. When you know what you’re looking for, there are a lot of profitable trades playing out every day. I’m now long XRP

Golb

The $600 zone finally came through and more orders were filled. The plan stays the same, if I hadn’t entered my long yesterday I would have taken a long position on this bounce. The next zone is $620, if price can close above there then we could be in for a nice rally higher. I have no risk in this trade and I still have 25% of my short running. I have cover...

Golb

I’ve been calling for the dump to $0.30 and it came through. My $0.30 is holding to near perfection. I mentioned that the area between $0.45 and $0.30 is very inefficient. Will we see $0.24 before a bounce? There is one more area below $0.24 that could play out and my bias would still be bullish. Let’s see how it plays out.

Golb

I have given a break down of all 4 of these trades from the 12 Dec. It was a live example of how PA is a good tool to have in my arsenal. A step by step guide on how I find “swing points” the market has shown. A good mixture of examples in hedging, trade management, swing trades and market structure. People focus too much on indicators and fancy software....

Golb

The dip I was hoping for never came, $620 saw a bounce to the upside. The possibility of a dip to $600 is still there. I moved my stop to BE, I no longer have any risk in this trade. I will be scaling off 50% of my long at the $680 area and a further 25% at $700. No one ever went broke taking profits. It was a good two days to start off the week. banked most...

Golb

My stop was tagged by a sweep of the lows. Took the last 25% off my short. That covered the loss on the smaller long position, that is why I was hedging this trade. $0.45 is back in play, I might get involved by $0.48 is more attractive to me. I’m on the hunt for the next trade long but in the back of my mind I know my $0.30 scenario could still unfold.

Golb

Price came back to my entry. There is sensitivity in that area regardless of what happens. There is a reason I chose to enter a smaller position than usually on XRP. Ideal scenario I would like to see price back above $0.48 that, for me would definitely confirm the bias. There is a good chance we see a dip below $0.45 before the move higher. If that happens it...

Golb

$620 has been breached, a MS break has been confirmed on the LTF. From here I would like to see a dip in to the highlighted zone at $600. If price makes a higher low there then I would be more confident the reversal towards $820 might be in. Good area for a swing trade. Caught the low of the week and I’m hedging, not bad for a Tuesday. I will update when...

Golb

Nothing much to do but wait for the scenario to okay itself out. I wouldn’t rule out another visit to my long zone, apart from that I’ll be waiting for $620 to come in to play once again. That $620 zone should slow price down and give me more information to work with. I win some I lose some, as long as the losses smaller then the gains I’m content.

Golb

My first limit order filled. Took another 25% off my short position. I’m total I took 75% of the position off and still have 25% running with stops at BE I would like to see if I can hedge this higher.

Golb

Price is working its way towards my long zone. There was a little consolation below $620 but it has now been taken out. I believe ETHUSD has a little more legs to the downside before any movement higher. I’m now looking for any reaction to my zone. I will post my entry when it happens.

Golb

The are between $0.45 and $0.30 has been very inefficient in the passed. This is part of the reason I believe if 0.45 is lost then we might see $0.30 - $0.24 very quickly. The weekly chart gives a better view of this idea. Last weeks candle was a bearish one when I look at it, the lows and highs were swept before price closed bullish. Last weeks low is in that...

Golb

$0.48 was me, now I’m on to the next. Just entered a small position and entered long. Using the $0.45 low as protection. Ideally that low will hold but even if it is taken I’m sure it will bounce and gives me another opportunity to enter. My previous long took me two shots to get. I will be looking to ad proper size at my $0.48 zone. I will be initially...

Golb

Gold very recently dipped in to a pool of liquidity (last significant low before a large move up) that led to the parabolic rally that printed new highs. As soon as the violation happened we saw rally that violated the bearish market structure on the daily timeframe giving very bullish signals. This correction might not be over but there is an opportunity to...

Golb

Price is reacting to $620 on the LTF this is further highlighting the importance of this level to me. The market may continue lower or reverse higher, I don’t care but I know my entry would play itself out here. I still think we see $580 as the last significant low is in that zone and I expect it to get swept. Price may bounce at $600 but it doesn’t matter to me...

Golb

When price reacts like this to me level/zone it helps reinforce my trade bias. If price is going higher from here I would need price to interact with this zone again and build market structure to work with. I need more information to build the full picture of where my stops would be and what would constitute an invalidation/continuation to my next level to...

Golb

Price action is playing out as expected, XRPUSD came and tapped my $0.52 zone beautifully. At the time of writing this price is currently in the first of my long zones as mentioned in my previous post. I’m not hunting for a long position but I would like price to give me a bit more MS to work with. The plan from here is to sit and wait, I still have 50% of the...