FET 4-hour - AI - "Artificial Superintelligence Alliance"
Zaktualizowano
I was and wasn't bummed I sold my initial entry too early. However I shouldn't complain to much making 60% profit on that in less than a month.
I decided to play with some house-monies and found a re-entry position to squeeze another scalp trade.
I do like the coin and almost wish I would just hodl some large bags worth.
This project will probably be one of the successful use cases more like a utility token, having that 3 individual coin projects recently merged into this one.
Hence the wording "Alliance".
We have indicators like the 4-hour that got low enough in negative territory to have reset and start the trending upwards. Looking for the 4-hour divergence that did not form, however it was turning upwards and I entered into the trade. A few hours later a 1-hour divergence formed and PA started it's march upwards.
Looking to reach about a 10% increase in PA and will re-evaluate the trade situation, around the $1.87 level.
Why trade FET ? .. it has an outstanding Volatility right now. There will be possibilities and opportunities for multiple short term scalping trades.
I have posted Fib lines, triangle structure, and two target "yellow rectangles".
I have always used a 2% COT "cost of trading" buffer, it tends to be the maximum cost and a minimum goal to start profit taking.
Good Luck
I decided to play with some house-monies and found a re-entry position to squeeze another scalp trade.
I do like the coin and almost wish I would just hodl some large bags worth.
This project will probably be one of the successful use cases more like a utility token, having that 3 individual coin projects recently merged into this one.
Hence the wording "Alliance".
We have indicators like the 4-hour that got low enough in negative territory to have reset and start the trending upwards. Looking for the 4-hour divergence that did not form, however it was turning upwards and I entered into the trade. A few hours later a 1-hour divergence formed and PA started it's march upwards.
Looking to reach about a 10% increase in PA and will re-evaluate the trade situation, around the $1.87 level.
Why trade FET ? .. it has an outstanding Volatility right now. There will be possibilities and opportunities for multiple short term scalping trades.
I have posted Fib lines, triangle structure, and two target "yellow rectangles".
I have always used a 2% COT "cost of trading" buffer, it tends to be the maximum cost and a minimum goal to start profit taking.
Good Luck
Zlecenie aktywne
Still active trade. My agenda was not satisfied. The opportunity presented itself in the form of a 15 min Diversion "To Exit" the trade with some profit, however the higher time frames still had hints of continuation. So I missed the exit, because generally 15 min diversion are weak. Uwaga
Here is the trading strategy Notes from what has been happening with PA. This trade is unfortunately a complete "Nail Biter", going Long on a downhill swing. Well I did take a second look and I still would have entered the trade. Sometimes I have to identify my losses exit area...That is shown as Zone #3 on an arc, and it's more like a tolerance level.
I know most active traders are wondering.. $35 dollar loss Whoopie... Well...I don't share my enormous trades, and maybe my enormous trades are shared but I don't foreclose that info. However I do also have several other trades with Alts in the 5k - 10K range of output monies. Basically a x10 multiple of the profit or loss shown on this chart, is usually the way I roll.
Scalping this trade.... Because price is suppressing i have created some visual zoning.. I will watch PA enter into Zone #1 and Zone #2 ...keeping the trade active. If price breaches into Zone #3 I will consider exiting the trade at a loss.
The 8% - $55 profit target will be evaluated for an exit point, so i can be somewhat assured of the PA dipping so I may repurchase for another upswing (if possible). That's the ultimate plan ..multiple scalping trades.
When I exit the trade I will look for price falling through the Tangerine Zone 2% into Zone #2.
"Hopium this happens before Christmas" and the repurchase will happen in green Zone #2
I will look for additional PA patterns and indicator set-ups to repurchase in Zone #2.
For now.. sit back and wait for PA to play out...
Good Luck
Transakcja zakończona: osiągnięto poziom stop
Okay.. Stopped out.. it happens. What now? I lost $35 .. and still have $650.
I am looking for a re-entry position.
I have Gold and Blue older FIB lines and new Gray Fib which is subjected to change if PA goes lower.
I have added percentages of downside. Large Drops are sorta common. Simply go back through history and see what %'s you have found. I know 50% and 70% range are common turn points. Which leads to the current drop of 49.94% drop from the recent high, and 32% from my stop out position.
Mathematically it is a good place to enter, price action PA is already headed upwards.
However I feel comfortable placing a buy order in at the -57% area instead and wait it out, around 95 cents. Good luck trading FET
Uwaga
Here's the new run chart for FET a continuation Trade. Click on this "chart" it links for the newest FET chart.
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