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From bear to bull

Madmantradesの投稿

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Since the bulls have shown strength and have sliced through the resistance like butter I am now long 10 x

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I should have followed the higher timeframes and the break was not prominent enough. This is a losing trade how stupid.

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We got a prominent break on the hourly timeframe (taking out the previous wicks) and I got in on another trade. I got a bit too eager and got in on the 15 min timeframe but we should be good. Remember that the smeller timeframes get rekt by the bigger ones.

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I got in at 23749

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I have now moved my stop loss according to the 15 min higher low.

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Remember that this is a higly manipulated market and you have to go from bear to bull or vice versa real quick

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We are now seeing that the sellers are getting exhausted at the 5 min timeframe and that there is a change for the bulls now

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I meant that the smaller timeframes get rekt by the bigger ones*

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But I am still looking at them (trying to get the perfect timing)

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I meant chance* sorry for the autocorrects

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Now we are looking to get a nice 4 hourly close. Then the bulls could really get into play

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I have now made the trade risk free

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The trade was risk free so I dont care, but we are now seeing a loss in momentum for the buyers on the hourly

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I am now taking a break from trading for a while to study trading more and papertrade. Earlier I had made a good ammount of money but on my latest trades it has went to shit.

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It looks like the hourly is getting rekt by the 4 hourly and prices could easily reverse back down to the earlier known short position.

Madmantrades