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ANT / USD TA practice

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Trying to figure out how reliable Joe Ross' 1-2-3 technique is with respect to crypto trading. I know old school traders have been using it a lot with >70% success rate.

The definitions are simple and must be followed precisely.

Details on the technique can be found here: technical.traders.com/tradersonline/display.asp?art=2962
Nota
Ok, so in theory, the stop-loss should've been placed just below point 3, but that would've been triggered 4 candles after entry. My guess is that the volatility of crypto is too much for this kind of tight stop losses, so a broader stop-loss approach should be used so that you don't get stopped out of perfectly good set-ups (keep in mind the ETH flash drop in August to 19$ due to stop-loss chain reaction)
Nota
Interestingly enough, the candle which confirmed the 3 point and triggered the entry, is also marked by a MACD cross, with bullish indication.
Trade chiuso manualmente
If anyone entered this trade, now would be a safe place to close and secure the profits. Stoch RSI is overbought and turning downwards. MACD is losing strength also. Similar patterns shown with BTC pair.

istantanea
Chart PatternsHarmonic PatternsTrend Analysis

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