ETHUSD set up for a couple really easy trades recently. Buying dips with EMA's has worked well in the past, why not keep doing it? Don't get complacent, though. Do at least some volume analysis to be sure you're not unnecessarily catching knives. Stochastics on a lower timeframe to confirm your entering at new support is also helpful.
The more difficult part of the trade is setting targets and stops, as these suckers are rangy. Using Fib extensions works nicely. I've added some targets on the daily chart to use while trading the hourly and 15min charts. No reason to enter a short-term trade as price approaches or just breaches these lines....I must remind myself that seeing the lines get breached is a signal to find the next likely pullback and enter, NOT A LICENCE TO CHASE.
I don't like giving ideas on stops, but I will say I find candle closes a lot more useful technically than lows, so if you're in need of a hard protective stop, (often resulting in significant slippage in cryptos) managing size to make the stop looser is preferable for me. breaks below EMA's have been awful stops IME. I would much rather use volume profile, fib retracements based on candle closes, or candlestick patterns (especially on longer timeframes), as there are many false bearish signals or failed breakdowns in momentum moves THIS strong and the faster timeframes magnify this effect.
Don't fight the trend, ride it.
The more difficult part of the trade is setting targets and stops, as these suckers are rangy. Using Fib extensions works nicely. I've added some targets on the daily chart to use while trading the hourly and 15min charts. No reason to enter a short-term trade as price approaches or just breaches these lines....I must remind myself that seeing the lines get breached is a signal to find the next likely pullback and enter, NOT A LICENCE TO CHASE.
I don't like giving ideas on stops, but I will say I find candle closes a lot more useful technically than lows, so if you're in need of a hard protective stop, (often resulting in significant slippage in cryptos) managing size to make the stop looser is preferable for me. breaks below EMA's have been awful stops IME. I would much rather use volume profile, fib retracements based on candle closes, or candlestick patterns (especially on longer timeframes), as there are many false bearish signals or failed breakdowns in momentum moves THIS strong and the faster timeframes magnify this effect.
Don't fight the trend, ride it.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。