Post
Topic
Board Trading Discussion
Re: I quit my job to do full-time crypto-trading. Made 12 BTC profit last month
by
CryptoDuckDunk
on 26/07/2019, 07:37:01 UTC
Opened long at $ETH on the 3rd tough of the trend line.
When the price hits it and rebounds 3 times, the trend is considered to be strong enough to be used for trades base. Still have the position opened.

https://i.postimg.cc/FKPMLZ51/ETH2507.jpg

Cool!
Mate,  how do you play on these breakouts?
Any particular rules?

This may be helpful in terms of breakouts trading:

Intraday techniques. Market movements 

The best movements often after breakouts (as you saw in many of my trades). Breakout acts like a confirmation and a signal. You can enter aggressively (on the confirmation candle after the breakout) and conservatively (trade retest*). It is also a good place to set your stop loss at or near.

*Retest is the pattern when the price breaks the resistance out and then returns to it and rebounds, making it become the support (the same is with the support line, which becomes the resistance)



Thank you for the info shared!
I see at the latest your trade you shorted and then the second breakout happened. You are making the market Cheesy Cheesy