DrReefer

15 minute candles, Chart from NOOB

POLONIEX:ETHBTC   Ethereum / Bitcoin
Has My entery, stop loss and profit area. How did I do guys?
Hey DrReefer, as price is making lower lows and lower highs => downtrend from my point of view.
Sell at resistance, in your case the green zone and trail your stop down... let your winners run.
Balas
DrReefer Boernerer
Hey Boernerer, I'm just now learning how to do that. I trade at Poloniex and would usually just keep my stop loss the same but now I'm learning to adjust it to take profit if it comes back down.
Balas
okay so I bought at 0.01885000 just .1 of bitcoin put my stop loss at .01880000 looks like I got luck it didn't sell on the doji and sold at 0.01895000. I trade at Poloniex. One of the problems I am having is only being able to set a stop loss and not being able to have a sell order when price hits my profit area, what do you guys do?
Balas
ste775 DrReefer
You can let your winner run, by moving your stoploss to 1890
Balas
DrReefer ste775
I'm just starting to do that but I see the obvious benefits of that. Right now I'm not that disciplined. I'm getting used to placing stop loss but not for profit taking yet.
Balas
DrReefer ste775
Also I sold at .01909
Balas
ste775 DrReefer
Its easier to trade the bigger eg 4 hours / daily timeframes, to go with the trend. Start with learning the dow theory.
Balas
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