NoSelfControl1988

NoSelfControl1988

too late for this trade, so this is a " post trade analysis" i consider this a good scalping trade because it offers us at least 1: 3 risk reward ratio very straight forward trade, enter when trendline is broken. price came crashing down a few days ago suddenly. it took a breather but now it seems like its the selling pressure is back again.

NoSelfControl1988 Updated 

ok guys, time for us to pull the trigger.... i was shorting just now, but i could felt the buyers strength. whenever it tried to move down, it will shoot back up strongly. not a really ideal trade but we can set our SL at 7650 and TP at around 8500. this would be a 1:3 reward trade. not exactly home run, but oh well. we might get stopped out a 2...

NoSelfControl1988

ok this is exactly what we want to see the red bars are becoming smaller and smaller, this means the selling pressure is dying off. however, we should also take a look at ETHUSD chart. if ETHUSD were to shoot up from here, its not going to look like this on the daily. so, its still too early for us to enter at this price. also, at this price, we are...

NoSelfControl1988 Updated 

ok the red candles seem to be slowing down we see huge selling volume, with relatively lesser price movement if you zoom in to H1, you can see a channel forming. so if you want to scalp, you can aim to sell at top of the upper trendline, and buy on the lower trendline. NEVER buy in the middle of the channel, 100% you will fail, just like i did many...

NoSelfControl1988

now, lets wait for the long spike to happen right now, everybody are super bearish. the world is falling apart, DJI is crashing, hit the circuit break. so the sheeps who just came into the market are most probably going to short the market. and when everybody is super bearish, guess what will happen? a super long spike will happen! ( as always ) so, now...

NoSelfControl1988 Updated 

technically we can try to " catch the bottom " since the price has dropped crazily to a potential support area but if we enter now, our risk is $200. even if you could enter at the ideal price of 7830, you would have to set your stop loss at 7630. so even if the price increases $400 from this point onwards, you would have only earned 2x of what you were...

NoSelfControl1988

This area here, we cannot identify any good 10R trades yet, so we have to wait it out. trading is mostly a waiting game might need to wait for 2 - 3 days at least for the price to " fight it out". i have tried many times to trade in this area, scalping, but the failures were 90%. however, big 10R trades are stress free and very easy to identify and to...

NoSelfControl1988

Super easy trade. the best entry can only be caught if you are actively monitoring the chart. however, even if you miss it, you can wait for consolidation and short it again. of course the risk to reward wouldnt be that good but just remember to protect the amount that you are risking and the market will show you your profits.

NoSelfControl1988

Please refer to chart. Just aim for trades which are 5 to 10 R , they happen once every 2 days to 5 days for BTC. scalping has cost me so much money..... not worth it.