BITTREX:XVGUSD   Verge / Dollar (calculated by TradingView)
Define your risk and let the signals keep you on the right side of the trade.
What are you trying to say!
Balas
@edbtv, just how important it is to create something to keep you on the right side of a trend. (b=buy signal | s=sell signal)
For this instrument, I'm observing some sell pressure now after many buy signals.
Balas
edbtv azbarroso
@azbarroso, Do you think it has further to fall?
I thought it was at the bottom at about 126 but it's dropped further.
https://image.prntscr.com/image/JPD6Q3AeQ_WGOrKZfzraqg.jpeg
I'm new to this stuff so don't know if there's something I'm missing here
Balas
@edbtv, after 8+ years heads down trading and researching, I think it's really hard (not to say impossible) to predict where price will go with precision and consistency, so I don't try to guess, I coded all my findings into a mechanical/objective signal, and I just follow it.

I always define risk before entering the trade (position size). The other part of it is managing winners (trailing stops or exiting after profit is at least 1.5/2 greater than the initial risk.
Balas
@edbtv, btw it can always go much further than we initially thought. Always.

Balas
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