Play the chart with simple rules:
Buy/Sell into entries when the candle completes above "Long Entry", or when candle completes under "Short Entry"
Have small stop losses (10-15 pips) in order to not encounter a fake out (goes above our entry line and goes back down for example)
Play with 2-3 positions when going into a trade, Take first 1 out at TP1, 2nd one TP2, 3rd one try and let it run to TP3 and create its stop loss @ TP1 to lock in profit no matter what happens.
(With Bitcoins recent crash, huge sell wicks may can happen because of the extreme fear level that in crypto rn!) (If the sells wick fast to TP2, wait for the candle to finish!!)
Buy/Sell into entries when the candle completes above "Long Entry", or when candle completes under "Short Entry"
Have small stop losses (10-15 pips) in order to not encounter a fake out (goes above our entry line and goes back down for example)
Play with 2-3 positions when going into a trade, Take first 1 out at TP1, 2nd one TP2, 3rd one try and let it run to TP3 and create its stop loss @ TP1 to lock in profit no matter what happens.
(With Bitcoins recent crash, huge sell wicks may can happen because of the extreme fear level that in crypto rn!) (If the sells wick fast to TP2, wait for the candle to finish!!)
Commentaire:
Hit Sell TP1!, Hit a reversal. If it hits sell entry again, would be a good time to get in another position!