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.
RE: Bitcoin Trade (BTC/USD) Chart : 15-Sep-2017
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Bitcoin Trade (BTC/USD) Chart : 15-Sep-2017
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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