Tuesday, October 17, 2017

RSI Breakout: ATN


This is my first time to make a blog so I do not know how to start haha 😅
Wishing no one can find this blog. 😆
My sole purpose by doing this is to track my trades (Especially my Bad Trades and to study why I lost)
i'll do this blog in tagalog nalang para less time magisip haha..  ok lets start 😄

Since the breakout (sept.15), I put it on my watchlist (why?) if you notice the RSI level during the past few months was less than 50 yung rsi nya and btw I'm using RSI(30) para less volatility
-RSI(30) Trademark ni Senor Spy



Since nahihirapan pa ko sa breakout mas preferred ko to wait sa conso after ng breakout para iwas Bull Trap. Ok balik sa topic, my first reason why I bought was nag-consolidate na sya sa above 0.33 and nag-break above RSI50(that rsi level keep resisting almost 5mons) which is bullish in my perspective. Ave ko that day was 0.34 (nxt time screenshot ko yung trades ko)

-Everytime I see that it breaks that level of RSI may nakikita akong malaking movement sa Price (not all of the time)



2nd reason was nag-gliglide na sya above MA50 which is a good resistance before and now consolidating above that MA and malapit na sya mag AOTS

After a few days...



And now, selling strategy naman tayo..



My first TP was 0.395 and since nag-close nung 10/11/17 with a strong candle.. hold si kuya mo..


The next day, It rallies strong during the morning and nag-close sa 0.395 so nagbenta na ko. why? I yung makapal na bid sa 0.395 naubos and sumabay na ko sa nagbenta ( Wishing that I adjusted my stop BELOW 0.395 since that level is a previous resistance and now acting a support).
-No Regrets since my motto was "Sell when happy 😄"

My Plan was to buy if it holds and consolidate above 0.395, but I didn't expect that it will rally up haha 😅


If I miss this trade for sure magcoconso pa rin sya in due time or pag hindi.. sa bounce ako papasok..
There's unlimited opportunity kay Mrs. Market so no regret if I miss one of the trades.



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