T20 first batch - Minsk

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Minsk
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Re: T20 first batch - Minsk

Unread post by Minsk »

No setup 1 today in crypto on the 15m chart which I trade for this batch. All coins tanked. All coins followed BTC, and looked like this:
 
 
 
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Minsk
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Re: T20 first batch - Minsk

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1. Trade Number: B1 – T19
2. Date/Time: 01-03-2022
3. Symbol/TF: BTC/USDT  15m
4. Signal Type / Direction : LONG Setup1 

Thoughts before taking the trade
Purpose is DS=100% and I need a CLEAN wave 3.  

There is a HUGE clean wave 3 and a very small retrace below ZL in AO.

Alligator sleeping.
AO close to ZL.
Purple on correct side outside Aims box.
Aims box tight.
Exit at 2R close enough.
Entry in candle with the black dot.
2R is the goal. I also put the Fib Ext in to see if it gets to Target zone 1 at 0.618. Exit will be 2R because that is closer.

Reflections
This was a good trade  as it was a DS1. Everything done as planned. When price closed above 1R I moved SL to Entry. Price then went down and the SL got hit. So out at BE. I followed the plan. 

DS this trade: 100% 
Total DS: 14/ 19 = 0.74
 
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Minsk
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Re: T20 first batch - Minsk

Unread post by Minsk »

1. Trade Number: B1 – T20
2. Date/Time: 01-03-2022
3. Symbol/TF: LUNA/USDT  15m
4. Signal Type / Direction : LONG Setup1 

Thoughts before taking the trade
Purpose is DS=100% and I need a CLEAN wave 3.  

There is a HUGE clean wave 3 and a very small retrace below ZL in AO. All coins trade more or less like BTC now.

Alligator sleeping.
AO close to ZL.
Purple on correct side outside Aims box.
Aims box tight.
Exit at 2R very close.
Entry in candle with the black dot.
2R is the goal. I also put the Fib Ext in to see if it gets to Target zone 1 at 0.618. Exit will be 2R because that is closer.

Reflections
This was a good trade  as it was a DS1. Everything done as planned. When price closed above 1R I moved SL to Entry. Candle after that 2R was hit. I followed the plan. Keep looking if projected TZ1 = 0.618 will get hit, it’s far away after such a massive move up in wave 3. Not gonna happen now. 2R was the right choice.

DS this trade: 100% 
Total DS: 15/ 20 = 0.75
 
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Minsk
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Re: T20 first batch - Minsk

Unread post by Minsk »

This completes Batch 1. I traded on the 15m chart. Next batch will be on the 5m chart.I hope I get more Setup 1’s then. I really like to trade just a couple of coins, BTC, ETH, maybe 1 or 2 more. They all follow BTC more or less. I might look at Gold too.This batch the most important lesson I learned was to patient and wait until a clean wave 3 presented itself, and wait for a setup 1 after that.

edited to add that per Immy's advice I'll switch to Banana. I'll start on the 1H chart as I need time to get the hang of this system on TradingView as no indicators there.
 
 
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