XRPLong
XRP Long
Updated
Target 2: 0.31425
Target 1: 0.3015
Entry: 0.2675 (now)
Add on trade: 0.258
Stop: 0.24538
conservative 1.5=2 R trade
explanation of my lines
purple: simple trendline to forecast if there is future bullish divergence, and an area to add on to trade
yellow: trendline of previous price action
blue: clone of yellow trendline, can possibly foretell future price action
green: add on level
red: stop level
the R on this trade can be more if it's managed in an out, but have your risk known and definite.
UIOGD - JMJ
Travis
Target 1: 0.3015
Entry: 0.2675 (now)
Add on trade: 0.258
Stop: 0.24538
conservative 1.5=2 R trade
explanation of my lines
purple: simple trendline to forecast if there is future bullish divergence, and an area to add on to trade
yellow: trendline of previous price action
blue: clone of yellow trendline, can possibly foretell future price action
green: add on level
red: stop level
the R on this trade can be more if it's managed in an out, but have your risk known and definite.
UIOGD - JMJ
Travis
Note
I took half of this position off at 0.282seeing the blue trendline, i think price is at a potential spot of topping for a time.
if you were to close the entire trade here, it would yield 0.6R profit
Trade closed: stop reached
i got out that half position at right place at 0.282the add on at the green line was a total loss.
final tally lost 0.5 R
Note
also want to point out that the angle of that last flag, where half position was taken, really respected that blue line in angle... that line was cloned from the previous price action angle at the yellow line... another way to 'predict' price action, though figuring out the monetization of such knowledge can be improved, obviously...
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