Not having much joy on the crypto trading…
UD news on forex has thumped me too today!
Total Invested £4010
Unrealised balance £2744.73*
*Approximation at current prices
- GBPJPY – Long
Still holding within this “bearish pennant”. If it attempts to create a “fakey” and breaks above my buy point, I’ll be closing the trade to prevent losses.
- USDCAD – Short
Broke above the inside bar formation as expected. However I did also expect a retracement back down again which hasn’t happened. There was US data released today which seems to have strengthened the USD all round. Now, I’m close to being stopped out.
A Trendy signal was generated which I placed an order for. However with the strengthening USD after news, the stocks weakened causing entry and exit within minutes for an £11.69 loss. I’m still open on my entry off the 200ma which currently sits at £15.27 profit. I’m still expecting long movement so today’s dip could offer a good entry position.
USD news was good to accelerate this pair short. However, my entry point wasn’t triggered so I’m not in the trade.
- US Oil (WTI)
Strengthening USD meant weaker WTI. Again, my entry wasn’t triggered and I’m not in a trade.
I’d noticed a rising wedge forming on the 4hrly chart. With the US news this accelerated a weakening EUR causing the fla breakout. Expecting further bearish movement.
Total Invested £1000.00
Unrealised balance £982.49
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)
Add LTC to the failed list including NEO and BTC… grrrrr.
The Litepay that was released wasn’t as exciting as everyone expected and caused LTC to slump a little. There were some good breakout formations in the charts, however the breakouts were short lived and the price has slowly slumped all day. What’s worse is that a trade was announced to DGD from BTC. Not having BTC, already being at a loss on BTC and now a loss on LTC, I was reluctant to transfer into BTC and realise further losses. The DGD trade played out well too… yet another missed opportunity!
I’m now looking to get LTC to BTC at a decent price then looking to get into NANO as it keeps climbing to catch back some profits.
Total Invested £3010
Unrealised balance £1762.24*
*Approximation at current prices
A boring disclaimer… coz I don’t wanna be sued and stuff!
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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.
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