ormin79

Ping-Pong Bearish bat-Bullish bat

ormin79 Uppdaterad   
POLONIEX:XEMBTC   NEM / Bitcoin
As You see price action indicates indecision, for brave trader it's a good short time speculative opportunity. I try to seek small longs in the blue rectangle area, when other indicators tell me that local bottom is possible here.
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I give small portions of main position spreaded as pending orders between 8100-8400sat
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Correction: 8200-8400sat area as longs-opening area
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Okay position opened manually @8560sat first target (50%of position)@8860sat, second (30% of position) @9100sat, 20% of this position should be closed on much higher levels, with stop loss in entry point, but after it hit 9100sat, until then no stop losses;)
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Take profits taken, 20% of position stays with stop loss in entry point.
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OK rising Bitcoin and i have no position opened as stop loss in entry ponit hited. But that was succesful trading:)
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But remember, longterm longs on XEM will pay off, and I still hold part of my original stake for higher prices.
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