Long

2019 BitMex TRX/BTC trades

Updated

Here I'll try to post every TRX trade that I'll take in 2019.
I've only recently learned this style of trading from Cryptocred on Twitter from his new Trading Guide so make sure to download it and go through it, it's well worth it for the price (it's free lol). Here's my first TRX try with this style...
Link to the Guide: drive.google.com/file/d/1UJBLRa9Sh0PZ0vL_wI9uDVbIRxVUdazE/view

My setup:
Entry: 440 SAT
Stop-loss: 410 SAT
Target: 500 SAT
RRR: 2

Note: major support at a stop-loss increases my chances of success so fingers crossed! :)

Order cancelled

Setup cancelled since the price skyrocketed (SpaceXed?) above 600 SAT where the RSI bear divergence is forming so I'm going to short it (next comment below).

Note

New SHORT setup:
Entry: 600 SAT
SL: 635 SAT
Target 510 SAT
RRR: 2.57

Note:
- We are at 1D resistance and the price seems to respect it
- RSI bear divergence forming on 1D chart

Trade active

Managed to get a new entry for a better RRR ratio:
Entry: 605 SAT
SL: 635 SAT
Target 510 SAT
RRR: 3.17
Note: If the price gets too close to SL I'll put it to 650 SAT which will still get me RRR over 2.

Trade closed: stop reached

So I guess this wasn't as bearish as I though it was. RSI bear divergence apparently doesn't work in 2019. The price SpaceXed through my SL. Okay, on to the next one.

Trade closed: target reached

I completely forgot to post this trade here when it opened but now it's already reached its target so that's that... RRR: +3.75

Note

I'm a little late to the party but here's my next SHORT setup:
Entry: 657 SAT
Stop-loss: 700 SAT
Target: 510 SAT
RRR: 3.42

Notes:
- I think for now TRX has gone far enough and double top seems to be showing around 700 SATs
- should've started shorting from 680 SAT but wasn't here looking at the charts so whatever
- if i goes above 700 SAT and closes above I'll be shorting from higher

Trade closed: stop reached

LOL

Note

Came up with this SHORT setup:
Entry: 1160 SAT
Stop-loss: 1180 SAT
Target: 1020 SAT
RRR: 7

Notes:
- bigger trend goes down so until proven otherwise I'm a temporary bear :)
- not really super confident in my trade but RRR just seem legit enough to take the risk

Order cancelled

Whoops my bad, wrong chart :)

Note

New LONG setup:
Entry: 631 SAT
Stop-loss: 610 SAT
Target: 683 SAT (target not set yet)
RRR: 2.48

Notes:
- I see a lot of weeks in this purple resistance zone
- I know we're at 1W resistance so I won't be betting big

Trade closed: stop reached

FFS!!! BTC goes up, TRX goes down grrrr

Note

New SHORT setup:
Entry: 633 SAT
Stop-loss: 645 SAT
Target: 582
RRR: 4.25

Notes:
- it looks like we broke down through 1W support and it's gonna be used as a resistance so in my opinion it should broke down one level below

Trade closed: stop reached

Trade closed as quickly as it was opened unfortunately...

Note

New LONG setup:
Entry: 570 SAT
Stop-loss: 552 SAT
Target: 623 SAT
RRR: 2.94

Notes:
- I'm not really confident in this one so I didn't risk much at all

Trade closed: target reached

Trade active

My new LONG setup:
Entry: 510 SAT
Stop-loss: 490 SAT
Target: 600 SAT
RRR: 4.5

Notes:
- there's a slight bullish divergence on 4H chart
- PA just reached support now

travel-nomad

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