Bitcoin had a nose dive yesterday !! It looked it was going down but what pace : ) Luckily we are just doing long (buys) and we are conveniently out as we strictly just follow market and not try to predict it !
Today’s Chart
Our order looks far right now, but we will lower it as and when the market gives us that point... till then relax and enjoy the fall... in case you are an investor and have missed the last surge, its a good time to join that party ;-)
Previous Day: https://steemit.com/trading/@aarcee/bitcoin-trade-btc-usd-chart-14-sep-2017
Next Day: https://steemit.com/trading/@aarcee/bitcoin-trade-btc-usd-chart-16-sep-2017
TRADE DIARY
| Date (Buy) | Buy Price | Sell Price | Date (Sell) | Profit/Loss |
| 20-Jul-2017 | 2410 | 3822 | 22-Aug-2017 | 1412 |
| 20-Jul-2017 | 2410 | 3822 | 22-Aug-2017 | 1412 |
| 31-Jul-2017 | 2830 | 3822 | 22-Aug-2017 | 992 |
| 29-Aug-2017 | 4474 | 4165 | 04-Sep-2017 | -309 |
| 11-Sep-2017 | 4705 | Waiting | ||
| Net | 3507 |
DISCLAIMER: The above references are my personal opinion for information and educational purposes only. It is not intended to be investment or trading advice. Seek a duly licensed professional for investment or trading advice.
While we wait to re-enter..I went back over your previous trades following the chart and signals and noticed that you missed updating a stoploss adjustment so was just wondering for my benefit why you did not adjust your stop loss on 19 Aug 2017 from 3822 to 3897 when a new higher down fractal formed? was this just an oversight or was there a technical reason why it was not changed.
Also, could you go into some of the alligator indicator considerations when watching for entry once a up fractal is set but not yet entered the market?
Great work by the way.
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Normally when we are chasing a big move I take the last fractal (opposite) to stop... 3822 was that... which day was 3897 fractal formed ?
Alligator is a bit of a subjective indicator, its the way the three lines align and the angulation the price makes with the alligator... for bitcoin, I just use it to decide number of lots (1X, 2X, 3X etc.)... otherwise for forex and index its a good tool to decide the direction of the trade as well (buy/sell)...
Its all fractal geometry, glad you are liking it :-)
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Thanks for the quick response and comments.
3822 formed on 15 Aug 2017 and 3897 formed a few days later on 19 Aug 2017 and then stopped out on 22 Aug 2017 (added your 10 points to them to align with diary) According to my same chart.
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Oh yes, on an automated system that wud have been the stopping point... But since I do manually, by the time I saw the chart (on 22-Aug) my stop loss was already taken out... otherwise I wud have shifted to that point : )
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