Nope that's yesterday's closing price - what's important
is that you trade YOUR PLAN. After extended moves - I shift
to the smaller time frames and like to take some off to protect.
That's my style - define and trade yours. GBTC weekly
chart had consolidated into a pretty nice base.
Steve - I don't have nearly as much experience as you or Matt
and am still defining my plan through experience.
Understanding your plan is helping me define mine. I
am trying to stand on the shoulders of giants, not blindly copy.
oh I fully understand - many of you just need help in devising a
plan. That's why I share what I do: I'm not much of a buyer
of breakouts though I do them. I tend to see a strong trend at and
and buy abc like pullbacks in that trend enabling me to place very
tight stops when wrong. On a lot of breakout plays I tend to buy
the pullback / retest more often than the breakout. I tend to
stick to tight flags, coils, wedges, patterns for more swing type
stuff. I utilize multiple time frames when trading i.e.
daily, 60 min, 15, 5, I see the pattern on the larger time frame
then fine tune my entry on the lower time frames. I like doing that
with some of my indicators like the cycles. However as far as
indicators I use simple things like the moving average ribbon, the
pinches are low risk trade opportunties. MACD, a Stochastic,
simple stuff. You might find that you like some of what I do,
some of what Steve does, some of what others here do and mish mash
them together
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GBTC Updated Views
Posted by steve on 28th of Jul 2020 at 10:10 am
GBTC - Chart Link
GBTC - Chart Link
Very nice trade from last week
Shooting star candle currently on
Posted by steve on 28th of Jul 2020 at 02:49 pm
Shooting star candle currently on GBTC daily - attempting to bounce near today's gap
Thx Steve. Is the dotted
Posted by z0ned on 28th of Jul 2020 at 10:37 am
Thx Steve. Is the dotted line your stop?
Nope that's yesterday's closing price
Posted by steve on 28th of Jul 2020 at 10:43 am
Nope that's yesterday's closing price - what's important is that you trade YOUR PLAN. After extended moves - I shift to the smaller time frames and like to take some off to protect. That's my style - define and trade yours. GBTC weekly chart had consolidated into a pretty nice base.
Steve - I don't have
Posted by z0ned on 29th of Jul 2020 at 09:52 am
Steve - I don't have nearly as much experience as you or Matt and am still defining my plan through experience. Understanding your plan is helping me define mine. I am trying to stand on the shoulders of giants, not blindly copy.
oh I fully understand -
Posted by matt on 29th of Jul 2020 at 10:28 am
oh I fully understand - many of you just need help in devising a plan. That's why I share what I do: I'm not much of a buyer of breakouts though I do them. I tend to see a strong trend at and and buy abc like pullbacks in that trend enabling me to place very tight stops when wrong. On a lot of breakout plays I tend to buy the pullback / retest more often than the breakout. I tend to stick to tight flags, coils, wedges, patterns for more swing type stuff. I utilize multiple time frames when trading i.e. daily, 60 min, 15, 5, I see the pattern on the larger time frame then fine tune my entry on the lower time frames. I like doing that with some of my indicators like the cycles. However as far as indicators I use simple things like the moving average ribbon, the pinches are low risk trade opportunties. MACD, a Stochastic, simple stuff. You might find that you like some of what I do, some of what Steve does, some of what others here do and mish mash them together