LTC preparing for a retrace?

5 thg 5, 2018

I think that LTC has completed, or is very close to completing an Impulse 12345 move.

So am planning by entries. I am NOT sure retrace is coming soon, but am preparing.

The ''1x''. 2x, etc, are multiples I plan to buy.
I ladder in numerous small orders in those zones.
This NOT the Monte Carlo strategy. Only meant for accumulating.
If all three order blocks execute, I will have 2% of my capital spent.

Will update as it develops.

5 thg 5, 2018

Ghi chú

Based on the higher than expected peak, I have adjusted my order zones and split same amount of money into 4 zones of concentration:

6 thg 5, 2018

Ghi chú

Approaching my first buy zone

6 thg 5, 2018

Ghi chú

Watching first zone, prolly no buys here

6 thg 5, 2018

Giao dịch đang hoạt động

Per my updated TA above, I did buy some in the darker green zone.
Have now sold 60% of that position, with trailing stop on rest.
If it keeps going, then I will let the trailing stop protect remaining profits.
If it hits my stop, I will re-evaluate at that time....