ANT / USD TA practice
Trying to figure out how reliable Joe Ross' 1-2-3 technique is with respect to crypto trading. I know old school traders have been using it a lot with >70% success rate.
The definitions are simple and must be followed precisely.
Details on the technique can be found here: technical.traders.com/tradersonline/display.asp?art=2962
The definitions are simple and must be followed precisely.
Details on the technique can be found here: technical.traders.com/tradersonline/display.asp?art=2962
Note
Ok, so in theory, the stop-loss should've been placed just below point 3, but that would've been triggered 4 candles after entry. My guess is that the volatility of crypto is too much for this kind of tight stop losses, so a broader stop-loss approach should be used so that you don't get stopped out of perfectly good set-ups (keep in mind the ETH flash drop in August to 19$ due to stop-loss chain reaction)Note
Interestingly enough, the candle which confirmed the 3 point and triggered the entry, is also marked by a MACD cross, with bullish indication.Trade fermée manuellement
If anyone entered this trade, now would be a safe place to close and secure the profits. Stoch RSI is overbought and turning downwards. MACD is losing strength also. Similar patterns shown with BTC pair.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.