Finally entered this long after seeing a relatively high spike in volume on the 2-hour candlesticks or so. I was uncertain at first, since it did not necessarily rival the earlier volume bars in terms of size, but the spike in volume correlated with the break from the inverted head and shoulders neckline, I reasoned, was very worth risking an entry position. The earlier the entry position, the higher the returns, and perhaps most importantly, the easier it is to close.
XBTUSD has only continued to rally forward, with higher daily closes (one being at $12.5k, sealing the breakout), and on the 4-hour candlesticks, sustaining closes at around the high $12,700 level, along with $13,000 being pierced!!! I should have formalized this much earlier, but I have only now had some of the time to truly set it all down.
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Trade Status: Active
Entry: $11,919.00
1st Target: $14,142.00
Final Target: $15,821.50
Stop loss: $10,236.50
10x leverage;
55.90% risk, 327.40% gain
(Arguably, incredibly risky; could have entered lower to reduce stop order, but entered on breakout when confirmed)
Relevant trade post:
XBTUSD has only continued to rally forward, with higher daily closes (one being at $12.5k, sealing the breakout), and on the 4-hour candlesticks, sustaining closes at around the high $12,700 level, along with $13,000 being pierced!!! I should have formalized this much earlier, but I have only now had some of the time to truly set it all down.
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Trade Status: Active
Entry: $11,919.00
1st Target: $14,142.00
Final Target: $15,821.50
Stop loss: $10,236.50
10x leverage;
55.90% risk, 327.40% gain
(Arguably, incredibly risky; could have entered lower to reduce stop order, but entered on breakout when confirmed)
Relevant trade post:
Trade ist aktiv:
Formalizing this:
Entry: $11,919.00
1st Target: $14,142.00
Final Target: $15,821.50
Stop loss: $10,236.50
Entry: $11,919.00
1st Target: $14,142.00
Final Target: $15,821.50
Stop loss: $10,236.50
Trade geschlossen: Stop wurde erreicht:
Ended up cancelling, bounce ~$13k. Unfortunately did not take profits. A new trade coming up.
Trade ist aktiv:
Small Trade, shorting in channel
Entry: $11550.00
Target: $10719.50
Stop Loss: $11759.00
18.1% risk, 71.9%+ gain
Entry: $11550.00
Target: $10719.50
Stop Loss: $11759.00
18.1% risk, 71.9%+ gain
Kommentar:
Trade closed, started another, didn't quite pan out; descending wedge break, used 5 minute wedge target (perhaps take profits early...?)
