Lots of choppyness with 6350 as strong resistance --- doing alot of scalping on future contracts but for the rest of the day here is my strategy:
China is waking up and volume will pick up.
Tread lightly as we are trying to break out
But not overly bearish signals here.
Stop losses --- and short if it drops sharply beneath 6200 ---
Stagger buys up if it continues to trend that way
I am playing with 20% of the coins I usually do because there aren't alot of tell-tale signs
Happy Trading --- Lock in gains ---- Minimize losses --- Make sure to always have a chart of 1hour view and 1 day view ---- don't obsess over the 5 min chart ---it will make you emotional and flip flop and be eaten by spread/commission ----- patience is a vurtue
"Be greedy when others are fearful and fearful when others are greedy" - Warren Buffet
Kommentar
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Could turn into a perfect reverse head and shoulders
The box on the top of this idea got cut off --- but its pasted in the description. PM me with questions/concerns/compliments --- but not complaints
shayk47
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Happy Trading --- Make 2017 your most prosperous year - stick to your plan and do not be afraid to exit a losing trade. When playing with leverage if you can even hit 30-40% of your ideas with good risk management you will have a positive returns.