TAS - XRP/USD Trade Opportunity (Closed)The TradeAlertSystem (TAS) aims to pinpoit entry (Enter Trade Alert) and exit points (Exit Trade Alert) for long and short positions for short day/intraday trades based on a powerfull algorithm running on background and picking the best entry and exit zones for the trader.
All the trader has to do is follow the email alerts the system sends, no more endless hours of looking at charts trying to guess entry or exit points.
The system consists also on a smart money managment that consists on entering in a trade with 1/5 of the total intended trade money in the 1st Enter Alert and exit at 1st Exit Alert, and it's also designed to cut your losses providing 4 extra price corrections possibility (pyramiding / layering entry x 4), these corrections are only allowed after a 4 candle period on the 2h chart meaning: the 1st correction should be done only after 8hs or more related to the entry position (1st Enter Trade Alert) and should be only done on a new alert (>= 8h new blue bar), and so on.
After 4 corrections a stop loss with 5% price value on the last correction price should be submitted.
Back testing gives a extremely high level of accuracy on short term trades (day/intraday trades).
This trade is close and was published to show how TAS works.
The chart colors are all changed to reduce headaches, so green is blue and red is white.
Entry price: 0.24117 with 1/5 of trade money. (e.g.: 2000 of 10000 USD)
1st Correction: 0.24350 with 1/5 of trade money.
Average price after the 1st correction: 0.24264 - 2/5 Trade money used
Close price: 0.22935
Trade Result: +5.79%
All our trades:
docs.google.com
Note: This is a closed trade opportunity alert to show our alerts accuracy, subscribers get all our trades alerts in real time by email, PM me if interested.
Xrpshort
XRP falling wedgeWhere will XRP find its bottom?
I wish I could tell you. XRP has been on a steady skid for the past few days. However, from what I can tell XRP may be working its way into a falling wedge. The blue box is where I XRP will get my attention, there is a heavy resistance in that range, and lines up nicely with the descending wedge pattern. As I have mentioned in other charts, waiting for a solid reversal of the trend will be key before opening a long position on XRP. Look for volume to increase around the level of the blue box, and watch from there to determine a reversal. If XRP does not reverse in the .162-.168 range it will most likely be headed for new all time lows.
I would love opinions, thoughts, criticism, or analysis.
Cheers and happy trading
XRP descending wedge XRP continues its bearish down trend, however looks to be may moving in the pattern of a descending wedge (lower peaks on upper resistance, lower support on bottom of wedge, descending volume). Between .168-.162 XRP has a good amount of support, and also will be meeting up with a major upward trend. Look for reversal signals, before entering long, if you decide to do so.
As always, would love feedback, criticism, comments, or other ideas.
Cheers!