kremsy
Long

TD Indicator Possible Entering Long Position

BITSTAMP:BTCUSD   Bitcoin / Dollar
389 views
7
389 2
Im quite new to trading so nobody should take this idea as a advice or something, Im more interested what your oppinions about that.

What I see is a Perfected 9 (would be a sell signal) followed by an 1-4 intervalls Pullback which could probably lead to another Bullrun to new ATs (this is an explenation often used by Tone Vays.

What I do is to wait until the current candle finished in 15minutes, and if there is something like a Hammer I enter a Long Position as shown.

What do you guys think about that?
Kommentar: Ignore the TD Sequential 2 Report down there, the Buy / Sells shown in the graph are just a test, so this has nothing to say.
Kommentar: Also to say that the Weekly TD Indicator shows still a Bulltrend for some more weeks, this Week we should go up a bit higher before the week finishes.
Trade ist aktiv: There is something like a Doji, maybe its to early but I am going to get into this trade.
Kommentar: Trade active (Im trading in EURBTC):

My Entry: € 4989 = $ 5787
Target: € 5430 = $ 6300
Stop Loss: € 4887 = $ 5670

Lets see how this goes, the Stoploss is quite near to the entry so its a lower risk/reward trade and the loss is not that big if it doesnt go the directionn I want it to go.
Kommentar: Actually in the 1 Hour Timeframe it looks even better,

(Ignore that Buy signal)
Kommentar: Does not look good, in $ the SL got hit so the Trade should be over, nevertheless as Im trading in € it got not hit there yet so im still in for now.
Trade geschlossen: Stop wurde erreicht: Trade Stopped, stop reached.
It's dangerous to be buying right now. Check out the 4hr chart. All Bearish candles. Be careful. Im selling right now.
+1 Antworten
kremsy AlphonsoElliottJr.
@AlphonsoElliottJr., Thanks for your oppinion, I think you probably beright

What I see on the 4 hour Chart:
- The TD Indicator showed a Perfected 9 followed by 4 Bearish Candles followed by a Doji which could mean a reversal (correct me if im wrong), if the next candle is bearish its definitly obsolete and the Trade gets invalidated and probably hits the stop loss.
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