SALT LONG

Salt Trade
LONG
----------------------

Break Out of Down Trend
- 1 Day ( 10+20 EWMA COV, MACD SQUEEZE , SAR FLIP, RSI SPIKE/BREAK DOWN TREND)
- 4 HR ( 10+20 EWMA & MACD X, SAR Below)

VolumeSpike

Entry: 0.000528 (Current Price - Limit Order under cut)

Exit:
0.000600 - Previous Resist + 0.236 FIB
0.000740 - Previous Resist + 0.382 FIB
50%


Risk:
Stop-Loss @ 0.000460
30% Size (Overexposure)

Reward:
1st - 1:1
2nd - 1:3

Commento:

Fake Out
Pull out prior to stop-loss as reentered the down trend.

lesson:
do not overexpose yourself to trade. Stick to position sizing principles.