“Learn to trade it Skippy … don’t date it!”
Nice MULTIPLE moves today in BTCUSD, and directly below WITHOUT THE
ALGORITHM OVERLAY, three trades in succession early this morning with
simply price and buy & liquidation points … all 3 came off of algorithm buy
signals for BTC.
click on ANY chart to enlarge
As you can see, they were nice scalps, with each trades stop below the most
recent low entry point, thereby risking not much in terms of dollars … I will point
out, that be careful entering “limit orders” to buy and sell [meaning DON’T!],
especially when the bid/offer spread gets a little “whacky” … CUZ WHAT
HAPPENS is that your limit order once triggered by the system goes and looks
for the order to fill at your price, and if it can’t get it, YOU GET THE NEXT
AVAILABLE BID OR OFFER FROM THE LP’S … well, what if you were looking to
sell a long position entered lower, for example at 9285, and the market rallies
straight up to 9285.10 bid, and the next millisecond the bid is 9268? … guess
where you get filled Skippy? … yup you guessed it, at 68 … on the other hand,
if the market was spiking up and you hit the liquidate button, your fill most likely
will be much better than the limit order.
I will also mention, do not EVER double, triple, or quadruple up a losing position
in BTC … if you do, you may get away with it, but you’ve just signed your own
death warrant in a future trade gone bad, cuz when this shit goes “South” in
earnest, they’ll carry you out toes up … and trust me [I’m a professional
remember?], it WILL HAPPEN! … tomorrow I’ll focus some on COINEXX.
… until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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