2018/01/26 BTC Swing Trade 5% +? After Hours
Entry: Saw a slump occurring last night from RSI divergence and successive sliding peaks. I had about 10% invested in alts overnight that soaked up quite a bit, and sold my alts in the morning despite thinking they would rally the next day. I did not re-enter alts when I re-entered BTC for simplicity's sake.
Entry was: I woke up during consolidation. I may have heard some kind of alert but I'm going to have to develop a strategy to see when I think the next entry level might be and set an alert to check that out. Otherwise RSI alerts will be pinging all night although one just woke me up at 3am despite several RSI15 crosses.
Made a few mistakes with exits. Starting to think a hard trend breakdown might be the only exit I should use. It was VERY nice not having to worry about this trade all morning. It started to go wrong when I sold planning a re-entry but didn't have any kind of plan for where to actually re-enter at.
Entry was: I woke up during consolidation. I may have heard some kind of alert but I'm going to have to develop a strategy to see when I think the next entry level might be and set an alert to check that out. Otherwise RSI alerts will be pinging all night although one just woke me up at 3am despite several RSI15 crosses.
Made a few mistakes with exits. Starting to think a hard trend breakdown might be the only exit I should use. It was VERY nice not having to worry about this trade all morning. It started to go wrong when I sold planning a re-entry but didn't have any kind of plan for where to actually re-enter at.
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So far (3 minutes after posting) The Consolidation Candle 15m RSI / under 50RSI EMA strategy is up half a percent. I have an alert set to tell me if the price dips under 10900.
