ETHUSD Mex
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Original post on Twitter & Discord. Fast entry on rejection of new highs. This is a journal for my own records.
Divergences on 1 & 3hr + false breakout with rejection. Fast market entry. 3rd attempt at trade. Current profit is 8x loss from stops on previous attempts.
First attempt was on RSI&MACD div on 1hr + exhaustion, but was opened after signals had begun to play out. Risk was full size position with max $ risk and no room to add to position. Small movement up was able to stop it out with no slippage. No div on 2hr&above. Was a decent trade, just obvious, so - many took it - and those stops at/above high were hunted by market. And held too much risk for an early entry.
Second attempt was on hourly close under previous high. Early entry with breakout/false break likely. Stop at highs with low $ risk and 1/2 normal size position. Stop triggered at high, with no slippage.
3rd attempt had divergence on the 3hr RSI & Macd with extended divergence on the hourly + Exhaustion, and false breakout to new high.
If you want to trade Cryptocurrency futures and swaps with a discount DM me for a link to save on fees while you trade.
This is a record of my trades. This is not financial advice. All material is provided to educational purposes only.
Divergences on 1 & 3hr + false breakout with rejection. Fast market entry. 3rd attempt at trade. Current profit is 8x loss from stops on previous attempts.
First attempt was on RSI&MACD div on 1hr + exhaustion, but was opened after signals had begun to play out. Risk was full size position with max $ risk and no room to add to position. Small movement up was able to stop it out with no slippage. No div on 2hr&above. Was a decent trade, just obvious, so - many took it - and those stops at/above high were hunted by market. And held too much risk for an early entry.
Second attempt was on hourly close under previous high. Early entry with breakout/false break likely. Stop at highs with low $ risk and 1/2 normal size position. Stop triggered at high, with no slippage.
3rd attempt had divergence on the 3hr RSI & Macd with extended divergence on the hourly + Exhaustion, and false breakout to new high.
If you want to trade Cryptocurrency futures and swaps with a discount DM me for a link to save on fees while you trade.
This is a record of my trades. This is not financial advice. All material is provided to educational purposes only.
Nota
Trade was closed April 5 for Small profit. But Profit on this position was eaten by protective shorting over the weekend. Technically break even on this, though Grading the trade lower overall for being eager to re-short after detecting strength and closing.
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