Crypto trading failures!
All part of the learning.
Total Invested £4010
Unrealised balance £2872.29*
*Approximation at current prices
- GBPJPY – Long
Price is being squeezed into a possible “bearish pennant” which indicates this GBP may break lower…
- USDCAD – Short
Retracement day today forming an inside bar. This could force a false break above yesterday’s candle to take out stop losses, but once it breaks back down below, we should see some good bearish movement. For this reason, I’d adjusted my stop loss above the resistance zone to keep it clear of any false break movement.
No retracement today, just continued moves long. If there is a double retracement on the 4hrly chart, I’ll look at adding another long position.
Formed a bearish pin bar today so placed a short entry half way back up today’s tail. Stochastics never quite entered into over-bought so still some potential short momentum.
- US Oil (WTI)
Looking at the daily and 4hrly charts, the MA’s are all aligned for long positions. After 2 consecutive sell candles on the 4hrly, followed by a long buy candle, I’ve a signal to go long at the break of the previous buy. Market opens again at 11pm where I’ll set my order.
Total Invested £1000.00
Unrealised balance £1014.65
I currently see cryptocurrency investments as the best area of growth for the next 6 to 12 months, hence much of my forex funds were transferred there for the short term. No matter what your forex balance, trading shouldn’t be taken lightly and I see this small balance as a great opportunity to learn how to manage my risk capital before taking bigger steps.
- Cardano (ADA)
- GAS (GAS)
- Ethereum (ETH)
- Life (LIFE)
- Po.et (POE)
- SteemIt (STEEM)
- Steem Backed Dollar (SBD)
- Binance Coin (BNB)
- Quoine (QASH)
- Hshare (HSR)
- Experience Points (XP)
- Verge (XVG)
- Qtum (QTUM)
- Litecoin (LTC)
After selling NEO and TRX to BTC, then selling BTC to EUR with the anticipation of a falling market, I missed out on buying back in again. This has cost me!
The expectation was for BTC to reach $9250 or lower. It didn’t. I actually saw it forming a compression triangle and expected a possible break. It did as I witnessed it shoot up to over $10k before I could do anything. I am reluctant right now to buy BTC over $9720 which is roughly where I sold.
NEO has also shot up today. Turns out I sold at the absolute bottom! Not clever!
In an attempt to get back into the market and capitalise, I saw an opportunity in Litecoin. Euro’s were transferred to LTC to take advantage of the break to the upside.
Total Invested £3010
Unrealised balance £1857.64*
*Approximation at current prices
A boring disclaimer… coz I don’t wanna be sued and stuff!
The information contained within this blog/website and any information contained in any social media account related to EXF Trading is intended for interesting reading only.
I am not qualified or considered an expert in any aspect of trading and the words which I write are my opinion only and not to be considered correct.
If you trade based on any of my information, you do so at your own risk.
I urge you to do your research and make your own conclusions before considering trading.
You are responsible for your own trading actions.
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