Last time I set up too tight stop loss, let's try another time.
Idea is to enter at the bottom of uptrend channel, which is also level of several last bottoms and 100 MA level. Stop loss bellow 200 MA, targets at previous high, 0.618 of last drop from way back (I'm not too confident on this one) and channel top.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Idea is to enter at the bottom of uptrend channel, which is also level of several last bottoms and 100 MA level. Stop loss bellow 200 MA, targets at previous high, 0.618 of last drop from way back (I'm not too confident on this one) and channel top.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Note
It is talking longer than expected and if we zoom in, we can see potential Gartley forming. I'll add small entry at potential point D with the same stop loss.Note
Going FOMO, adding small amount here (12k8)Note
21k8 of course.Note
Small adjustment - Mini entry changed to 0.00020759 (exact point D level).Trade active
Mini entry got filled in.Note
Also "normal" trade was triggered.Note
Small entry closed.Mini entry closed.
1/3 of regular trade closed.
All at T1.
Trade closed: stop reached
For the rest stop was reached.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.