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RE: Bitcoin Trade (BTC/USD) : 23-Oct-2017
Just to clarify in my mine...why was the Stop loss placed at 5593 instead of 5104 based on past trades where you normally place the stop loss at 10 below the low fractal (daily low)? yours is set around the low fractal (daily high)....
Awesome trading by the way...i am still 3 x in this trade as well :-)
Nice @nomadz, Hang on :-)
The call to move SL is totally dependent on the price movement (subjective)... the way the Up Fractal was broken (on 20-Oct), warrants SL to be the low of the breaking bar’s low - 10 which is 5593... this is kind of “art” of trading, a feel, which you develop over time !
Similar movement (SL) I did on 05-Aug-2017... I think I started steeming after that, so you can check the fractal break on that day... The way fractal breaks gives a good indication...
So, if the price comes down to 5593, I would consider the break void and get out all 3X... and enjoy the profits :))