Hi Peeps, we have so many profitable trades on the run I thought lets do another and fill some banks.
Ok here you have PIVX with volume flying in supporting its move a very bullish divergence on short timeframes.
You will see we are only on the first leg of break out from channel so this is catching it at ground level with great profits ahead.
However I don't like entering a trade halfway up a leg, an aggressive trader would see this though and jump right in. But for me and my suggestion to others is we enter AFTER we have crossed and closed above target 1.
I know it sounds silly why buy at a higher price when you can enter now but the reason for this is to protect our capital. Target 1 is strong resistance and strong resistance once crossed becomes strong support.
So basically by buying the first candle to close over target 1 allows us to put our stop loss just below the first green line (target 1) then it makes for a safe and easy trade.
We risk 1-2% for a 50% profit I love these odds and would take them on any day.
Also the good news is we don't bother entering until we close above target 1 so we don't have the wait while breaking resistance we enter into a moving leg at ground level. We may bounce around for an hour or 2 until we get the strength to close over target 1.
Cash Is King, lets make loads of it.
I want to say, if your happy with the profits we have been earning please help support the profile, I am not very good on the social aspect but I can post profitable trades so if you guys can support me I will keep the cash coming. Lets grow this team and become the best; and most importantly the richest.
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Make sure to follow instructions for example here we are not in trade yet we are waiting for the first candle to close over the bottom green line so we can run a tight stop.
If a coin needs to be bought in a hurry I will write buy now in first sentence for you so you can tell the difference.
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Remember this candle has to close over target 1 before we enter.
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Sadly we didn't get an entry on this trade I was excited for this as it looked great. BTC has taken away this opportunity so let me go hit the charts and replace it with 3 more :)
I would enter in RSI dip, isnt risky to enter when RSI is too high?
Cash-is-King
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@lubos112233, No, if the RSI is low you won't be going anywhere in a hurry. Try find a video on the RSI
Rogue7
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Really love your work man! Keep up the great advice - !
serge_ss
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thanks for detailed comments on your trades
karimahmed
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candle 1H Or 4H :O :)
Cash-is-King
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@karimahmed, 4H I just messaged that as the 4H candle was over the target but then got dumped off I don't want people entering until it closes over so its safe