This was a nice move that pushed higher in an orderly manner on Thursday night. The price is now, (Friday Morning) just under 200 points higher than where I exited.
Dow Long Trade – 80 points profit – At Night
Dow Short Trade – 100 points in an hour
The trade was opened and shortly thereafter there was sharp selling. This allowed for a breakeven stop to be entered.
After a while I moved the stop loss lower and also had a take profit order in.
Then it was decided to move the stop loss to +100 points profit which is where the trade was closed out
Litecoin Short Trade – $7 dollars profit per coin
Here is a recent short trade on Litecoin, specifically LTC/USD. The first image shows the buy and sell levels and an orange line which is a Fibonacci level.
The price moved above that 23.6 level. We can see the price moving up to the level, consolidating around it, and moving higher.
The second image shows where the Fibonacci levels were drawn on a weekly chart
You might say that the price wanted to come down to test that level after moving through it to the upside.
