ETH Trade on May 24, 2019 04:06 from Marius: Tradervue User Stock Trades.

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Marius

 

Recent bear break last night. I did not scale in an hourly OS order because I was waiting for the 4 hour. Price has recovered notably with LTC with an interesting bear break, re-test and reversal of the downtrend line. Chose ETH due to less whipsaw action like BCH and there was news on Grayscale investments with an new holding for ETH. Not much reaction as this was just within the last 24 hours. *It may be still be digesting. Entering here to stop out before the 4h HL. Will exit at the top of the daily EQ.

  • RVOL
  • Market Cap 26.5B
  • ATR

LTCUSD 6H chart
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ETHUSD 6H chart w/ entry + stop
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BTCUSD 6H chart (similar)
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ETHUSD 2m chart : Scaled out partial 1/4 initially at 266.10. I was watching the 2 minute time frame along with BTCUSD for continuation. It failed and I exited the rest of the position at the break of 266.00 (2 min HL). (adding BTCUSD for comparison on same timeframe)

I was also doing this on my mobile phone in a moving vehicle. So that was a different experience. Wasn't at my usual trading desk / area. Out and about. Thankfully didn't have any issues on the exchange and trading view on mobile.
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Trade Review
Originally this was initiated as a swing but decided to switch to an intraday move. Will be trading move to move. I deposited more funds about 7 days ago and it has not cleared with the exchange so I'm limited here. Would have been more inclined to keep it as a swing if the additional funds had been cleared. Taking profit here and adjusting trading plan and will look for the next oversold bounce. (I've been trading more on momentum but seeing how the bounces have been I'm more inclined to play and practice them. I've watched oversold bounces play out for a little over a year in different assets/spaces and it seems in the crypto space they are more pronounced and provide opportunity/follow-through with the right market conditions)

Edit : Still observing price action. Will be using LTCUSD 5m near OS conditions to scale in a bounce + also trade LTCUSD. (alert set while away from desk)

ETHUSD exit note : Observing price action after. This is a market key break and it might have been more of an advantage to exit at a 5m HL vs 2m to swing a position. Still have to trade with the 5min OS plan current situation. A little bit of FOMO but noticing that as normal and to be expected. Noting here for future reference and trading plan adherence.
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Execution detail:

Date/time Symbol Side Price Position
2019-05-24 04:06:20 ETH buy $248.840 long
2019-05-26 16:21:07 ETH sell $266.100 long
2019-05-26 16:37:06 ETH sell $266.000 0


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