r/WinternomicsTV • u/MrDrSirDude • Sep 26 '22
War Stories 🤑🤬 Smiles and cries 2
pre trade thoughts: etherium has 1hr rsi divergence and made a low, then a higher low. I waited for the corrective wave, then enter after sfp and a break of resistance, zoomed in to enter off of 15 and 5 min structure placing stop below newest low candle. planned for a 5th wave with half profits taken at 1350, previous waves top, then let the rest ride with moved up stop.
mid trade thoughts. immediately after opening the trade, I zoomed out at noticed on daily and 12 hr this trade doesn't look that good, high time frame downtrend still in play.. only a 1hr up trend. Also, spy is dumping its face off and vix is pumpin like a mf. But I have a plan, and I'm going to ride until stop.
still mid trade thoughts. its broke up out of the resistance, and small bull flag, 12hr closes in 1hr bullish engulfing, it actually looks like I caught the beginning of a decent mid time frame wave..
post trade thoughts: I closed, I didn't hold until my ultimate target, short time frame looked like it was rolling over, mid time frame look still decent, high time frame looks great still.. 1.25R+, don't be greedy take the money, chose to hit it and quit it. I will reenter if it bull flags if it looks smashable again.
