As with the Ripple trade, posted a few days ago, we were hoping for a pullback on Eteherum to reduce our risk and increase our reward. That didn't happen, so we were unable to add a 2nd Long position.
As the Market is telling us that the buyers are continuing to increase their strength and the sellers are very weak I am adding a 2nd long position as the Market moves up.
All our other trading components remain in place for us to manage the trade all we are doing is LOADING UP on, what I see as a good long trade.
As always, you must make your trading OWN DECISIONS and is your OWN FULL RESPONSIBILITY.
Sean Vengan Professional Trader and Trading Educator
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Hi Sean thanks for this trade. I'm exiting this and I think your analysis was accurate. Bulkowski advises to set a price target of 64% the height of the flag because that is the likelihood a flag reaches its full target upon breakout.
I look forward to your next trade, I'm seeing H&S with a pullback to the neckline right now (hence why I'm out!)
Bugs-Bunny
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Thank you for your contribution Mr. Vengan. I was lucky and caught the lowest point of the dip. On 17th ETH is having news, what means the set target is maybe set too low and it is going to be hit any moment now... I am going to risk more and stay in ETH till Monday and get out a few hours before the news.
I agree, so you may want to look at my latest post. That will give you some really big targets to go for! =) Good luck.
SrTocino
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We are doing great. Thank you, master @SEAN_VENGAN
UnknownUnicorn1063189
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@SrTocino, Great to hear @SrTocino thats the goal to keep that capital growing!
DARK-MAGE
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@SEAN_VENGAN You were right. : )- >O<
Congratulations. Respect.
UnknownUnicorn1063189
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@DARK-MAGE, Thank you. Not about being wrong or right We have winners and losers - we win more than we lose that's how our capital grows and we get richer $$$ simple formula in trading
Witchman05
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Excuse me , mister Vengan do you insist that after the expected pullback to 0.22-0.24 now XRP will continue to rise to tardet price 1 ? Anyways, I would like to ask if you give out private tuition and how much would that cost ? Keep your work up, we all appreciate it !