Indices rally against me…
Crypto’s barely move, what are they waiting for?
- NAS100 Closed for loss of £17.96
The signs of the NAS100 going long were there. Two long tails rejecting the support area, but I held on the belief that the indices will still fall. Unfortunately the retracement off the support was enough to hit my stop losses.
Triggered short on entry position after last night’s inside bar on the 4hrly chart.
- GBPJPY – Closed for loss of 4.83
JPY is a “safe haven” for money to go to when things like stocks crash. So, as stocks recover, JPY weakens again as money is withdrawn from it. That’s what happened today and the major pairs rallied against the JPY including the GBP, hence my SL was taken out here too.
- GER30 (Dax)
The DAX is one that didn’t retrace far enough to stop me out. I’m still in this one. However, after a huge opening gap, it’s had a good rally itself. If the stock recovery continues tomorrow, this could be another losing trade on my books…
- AUDJPY opened and closed for £14.36 loss
Another pair I was interested in if the stocks fall. AUD drops with stocks too (riskier currency) so money flows to safe havens like JPY. I expected, if the stocks fell, for this par to tumble. However, as we’ve already seen, the stocks recovered today. I entered AUDJPY short on a TJ signal spotted this morning. But, I missed that this pair was resting on a very strong level of support on the daily charts. So, when it rallied long, it rallied hard… through my stop losses. Another losing trade on my books today…
- Cardano (ADA)
- GAS (GAS)
- Ethereum (ETH)
- Life (LIFE)
- Po.et (POE)
- SteemIt (STEEM)
- Steem Backed Dollar (SBD)
My two main charts I’m monitoring is BTCUSD (awaiting expected fall after “double top”) and DGDBTC (expecting to rise as BTC falls)
So far today, these two barely got out of bed!
As for other coins I’m interested in, I bought Myriad (XMR) on a dip and Ripple (XRP) on a potential news rally.
XMR has been making steady gains with some good higher highs and lower lows. So I bought only a few hundred Euros worth as it’s entering into the upper channel. I will sell once it gets close to the top of the channel and wait for a drop before buying again with an aim to make steady gains and trade up to 1 BTC worth.
XRP – the ripple CEO and Coinbase CEO are both on a news chat with 2 other crypto CEO’s. But, with a big push by people to get XRP listed on Coinbase, people are seeing this as a possible sign of the announcement that it will finally happen. As such, whether true or not, I’ve bought XRP with an aim to make a quick gain from the “pump”. Ripple and Coinbase are quite well known to those “uneducated” in cryptos. They’re both in the public eye and if this collaboration were to happen, the public would be able to easily buy “that coin that make like a gazillion percent increase last year” – basically XRP prices could rocket short term if true.
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