Our First Trade on BinanceOur first trade on Binance was with ICX/ETH. We started our account with 4.49 ETH to trade with.
After the initial run of > 14%, we saw ICX/ETH forming a flag with support around 5500. Our plan was to enter the trade when the flag was broken.
Flag Break
Trade Setup:
1. Coin made initial run > 10%
2. Consolidates at (key) support level and forms a flag pattern
Trade Management:
1. Entry: After flag break, above moving averages (9 and 50) for higher probability
2. Profit: 1/2 of initial run (1/2 of 14.6% = 7.5%). Can take partial or “trial” profits at (key) resistance levels.
3. Stop: 1/3 of Profit
Trade
Entry: 5663
Exit: We've decided to take partial profits, 1/2 at 5990 and 1/2 at 6137
Profit: 7.1%
With this trade our ETH's grew from 4.49 to 4.80.
Please like and share if you found this informative and helpful. Leave a comment if you have any questions.
And until next time, good luck with your trading!
Realifetrading
Swing Trade as a noob not over earnings This is my Fav to swing trade my 3rd earnings season. I tried to figure out how this stock reacts around earnings so I could make a trade. Then Jeremy 4 months ago warned about holding over earnings. My gut says it will rise after earning because there new chip is the fastest and cheapest. So the normal upward trading channel might be abnormal due to earnings we will see
CMG Bull Put Spread = is not something you put on your burito!I know all the MA are on top holding price down. But there seems to be a fairly strong support. I like the new white soldier candle at support! If CMG closes below 383.17. I would consider unraveling the trade i, but more likely just close it out for a small loss.
I don't love this trade but I may watch it a little more and see whats happens. Was curious as to your thoughts.
I'm also looking at a BCS if price approaches 446 and shows a reversal signal - possibly an Iron Condor!
Lots of resistance in front SHPG before earning- BCS earning 15%195/200 BCS exp 7/15 .65 limit- I will not even look at the trade until SHPG closes over 193.10
The 200 and the trend line should resistance for SHPG should it break through wait for a Close above 193.58.
Consider exiting position or buying back the shorts calls and holding the long calls as SHPG goes to 202.11.
15% in 10 days...
