Trade 12: XBTUSD

29 dic 2020

I canceled the previous trade because I think this is actually the count, and first wave up is complete. Therefore I am going to place orders just above 381 5 and 618 retracements, with a stop loss below 718, aiming for 1:1 third wave of the first wave

29 dic 2020

Nota

First order filled at 26655

29 dic 2020

Nota

29 dic 2020

Nota

All the trades have been filled, price has gone to between 618 and 718. its yet to be seen if this was a good trade or not

29 dic 2020

Nota

Its nerve breaking as this ia relatively larage tradein comparison to my other trades of the day, whuich could potentially wipe my days profit, should I have adjusted the quantity accordingly, relative to the loss amount? this would result to around 160 $ loss, if its goes south

29 dic 2020

Nota

adjusted the target to 27410, according to the new low of wave 2 so far

29 dic 2020

Nota

29 dic 2020

Nota

seems like things are going according to the plan for now

29 dic 2020

Nota

based on the low reached, target would be 27423, gonna keep it as it is though just in case

29 dic 2020

Nota

woke up and changed the target for half of the position to the previoues waves high of 27070, which was filled in a few minutes

29 dic 2020

Nota

did an internal count on 5 min charts and decided that id this is the count and wave 3 has failed to reach 1:1 extension of wave 1,its likely that wave 3 would not reach target of a.6 which is 27350, so changed the target for the remaining 5500 to then price of 27190 and closed the trade

29 dic 2020

Nota

So far that target has not been reached, the high was 27276

29 dic 2020

Nota

So that the avtual top of the wave, the original targets never met

30 dic 2020

Nota

This ended up happening in the later hours