CryptoNewt

Documenting my trading ideas and progression. Definitely not financial advice.

[XO @Trader_XO]

About as good as price action gets when working with levels

Which ever way the directional context

[CryptoNewt @CryptoNewt_]

@CryptoTHFC This looks clean, from one spurs fan to another, help a bro out ? What is this mate ?!

[CryptoNewt @CryptoNewt_]

@CryptoAM17 Hi mate, what platform are you using to trade atm ? UK restrictions hitting hardddd

[CryptoNewt @CryptoNewt_]

@PostyXBT Where are you trading these days mate ? UK restrictions making it hard .....

[CryptoNewt @CryptoNewt_]

@astekz What platform are you using to trade with atm mate ? (UK resident)

[CryptoNewt @CryptoNewt_]

@astekz What platform are you using to trade these days mate ? Uk restrictions are peak

[Motif @TraderMotif]

Approach the game like this..

1. I don’t know what price is going to do next. I think in probabilities and remain open minded. If I manage my downside risk, the upside will take care of itself.

2. I understand that being wrong is part of the game. It’s just business.

3. Wins and losses are random. I can take 2 losses in a row, I can take 4 losses in a row. I can also take 6 winners in a row, 2 losses next, 1 win then another loss.

4. I simply mark out key levels/zones of interest. IF price comes into levels/zones of interest I have a system that tells me how to execute a trade within.

5. If no level/zone of interest is reached I do nothing. I remain patient, sit on my hands or go do something productive.

6. Keep the process consistent throughout > win

[TraderKoz @TraderKoz]

HOW I TRADE CONTINUATION RANGES

My original infographic on trading Continuation Ranges is from early 2021 so I figured it was about time that I update it.

I hope the info below is helpful to many of you. Save it, share it, print it out at your desk, memorize it, and trade it.

[CryptoNewt @CryptoNewt_]

@CryptoAM17 If BTC pushes up to $27.5K, should provide one more push above & back below for a nice setup 🤝
Lovely daily supply zone above too 😶

[CryptoNewt @CryptoNewt_]

@CryptoAM17 Appreciate the reply & the content though bro. I’m also a student of XO/SZ & it’s inspirational to see people applying what they learn to become profitable. Long way for me to go but we’re getting there !

[CryptoNewt @CryptoNewt_]

@CryptoAM17 Definitely, recently I have found my levels are right but seem to overtrade on LTF (cutting position when slightly wrong) only for it to go my direction. Have been journaling and happens way too often. Execution is key 🔑

[CryptoNewt @CryptoNewt_]

@CryptoAM17 Know ^*

[CryptoNewt @CryptoNewt_]

@CryptoAM17 Would love to roughly how you execute. Leave bids at significant level (wait for PA to fuck about) and add when price holds below ? Or LTF range ?

[CryptoNewt @CryptoNewt_]

Stopped out on this. BTC with some crazy PA !
-1R

[CryptoNewt @CryptoNewt_]

$INJ
Taken a short at the 4HR range highs here.
Risky as INJ has shown great relative strength so small risk.
Invalidation = Clean reclaim
T1 = 0.75 ~ $6.6
T2 = 0.5 ~ $6.3

[CryptoNewt @CryptoNewt_]

Update on the above, after TP'ing with the local range low reclaim, I re-entered higher with the swing fail of the weekly level (same as original trade idea).
Took profit earlier this week with the market wide sell off.
+6.5R 📈

[CryptoNewt @CryptoNewt_]

$RNDR
Looking like a SFP on the weekly range high,T1 = 0.75 level, confluence with D demand.
30M range for execution, lost mid-range & weekly level (I would have liked to get fills at local RH for higher R:R but missed opp).
Invalidation is acceptance above local RH ~ $2.306s

[CryptoNewt @CryptoNewt_]

I have taken profit on this trade.
Local range low reclaim & break of the trend line is enough for me to take caution.
Still ultimately believe this trades to ~ $1.80s soon, I will re-enter on acceptance below local range low.

[CryptoNewt @CryptoNewt_]

Shout out to @Trader_XO 🐐.
Has taught me pretty much everything I use when trading. HTF levels, LTF execution, MS etc... (although he would be ashamed of the above). Think its useful to have a case study of where it can sometimes go wrong too.

[CryptoNewt @CryptoNewt_]

Example of a trade I absolutely fumbled last week. Thought it might be useful to share.
$INJ
I was expecting a complacency shoulder on INJ given BTC/ETH sell off last week (assuming top might be in).
From a HTF perspective this is the area I was looking to short (12HR Demand).

[CryptoNewt @CryptoNewt_]

PA then broke back into the range (showing weakness). I had to cut the long for another small loss. I then sat on my hands and did nothing.
I should have re-entered using my initial trade idea.
Several lessons here;
Don't be greedy (TP aggressively)
Trust your plan
Re-enter