#tradejournal #BTC #scalping This is BTC 5min TF from yesterday
Tools : Smoothed moving averages (21,50, 200), Fibonacci retracement, RSI
Thread on how I planned this and how I could have done better! All comments and constructive ideas are appreciated :) Image
Reasons to enter the trade :
- Bearish on higher TF
- SMMA200 breakdown : first signal, waiting for an entry
- Fib retracement : looking for a pullback on 0,5
- SMMA200 and 21 rejection + 0,5 fib rejection + RSI below 50 = confluence needed for entry ✅
SL= Above the SMMA200 and 21, and above 0,618
Target= I drew levels on a higher TF (1H) and I thought the 1h bottom looked like the best
R/R 2.16
After 3 rejections on the SMMA21 and continuation of the downtrend, I moved the SL right above the 0,5 fib level (see next screenshot)
Downtrend continued as excepted BUT it didn't hit the target.
I manually stopped the trade in profit after I saw reversal on lower TF.
LESSON FOR THE NEXT ONE : I should have target the fib bottom at 53800$, and maybe close 80% and let the rest run Image

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More from @Chloeandoslo

20 Oct
#tradejournal $SRM #SRM #scalping This is SRM 1min TF
Tools : EMA 50 (blue),100 (purple), 200 (not shown) + Fibs
Configuration : all EMAs are aligned in order, we are in a bullish trend although it seems getting weaker Image
Entry : Pullback is done when price retest the EMA50 and EMA100, for there I'm waiting for the candle to open back above the EMA50 to resume bullish movement
SL is set below the latest swing low just formed by the pullback
Targets are determined by previous resistance and fib levels.
First sell off usually happens around 0,618 so this my TP1. When TP1 is hit, I move my SL to break even.
TP2 is at the last important swing high.
Here from entry to TP1, R/R is 1.9. From entry to TP2 R/R is 3.9
Read 5 tweets
19 Oct
#tradejournal #BTC #scalping This is BTC 1min TF
Tools : EMA 200, Price action, Candlestick Pattern
Thread on how I planned this. All comments and constructive ideas are appreciated :) Image
Entry was made after a higher low was confirmed, in confluence with a bounce on the EMA200
I added more position when the bullish trend was confirmed, on MSB (market structure break) with a higher high
R/R of 3.50
My target was set at previous resistance level, in confluence with fib level.
Unfortunately it was missed by a few 10$
I exited on the doji candle, as it is a potential sign of reversal
This was possible thanks to @EmperorBTC ebooks 🤩🥳
Read 4 tweets

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