can somebody pls tell my why i even have a crypto watchlist at that point??
some of those charts are so braindead bullish its insane. and clean as well.
while crypto bends you over, fucks your bum and sends you home in a taxi afterwards.
okay update time on this.
had the chance to compound into this on the ltf. took profit on the add last week and now this gives me the freedom to just keep the core position untouched.
thanks for your attention, back to doing nothing until trend gives in
over & out
i have taken a position in AAPL a couple of days ago. here is a breakdown of my reasoning:
weekly dumbed down to the core looks like TREND into CONSOLIDATION into hopefully trend again.
good start
from here its pretty simple:
- get back inside the range = cut
- let the market do its thing as long as it moves up
- everything in between = overmanaging
i took some off on todays open just to take the fear of roundtripping away and the potential of a sweep of current highs.
rest will be used as a moon bag in case i am correct with my monthly support thesis.
nothing fancy at all if you ask me.
now zoomed in nothing fancy at all again. simply structure.
low, high, higher low -> should lead into a higher high. espechially if i am correct with my thesis about monthly support/level
h1 consolidation, sweep of the lows, strong reaction good enough to just press it
ok so pretty nice start to this.
from here i think execition becomes pretty simple. gonna neglect all the ltf fuckery that might happen and purely focus on the weekly close from here
- weekly sweep and i want to focus on protection
- weekly close outside and i try to add
now this gives me the chance of defining my risk for a potential weekly range breakout on the h4 wich is a huge net positive in my books.
bias on the HTF
execution on the LTF
thanks for you attention
now as we are making an attempt of breaking out of this accumulation phase i have to zoom in and look for ways to get on board:
now zoomed in on the h4 i can find the exact same fractal of TREND into ACCUMULATION
following approach:
this is gonna be my life journal. look over taken trades. lessons. random thoughts. nutrition and exercise.
the overview of a traders life.