Jan 20th 2019, Crypto Chartbook

4 out of 4

Everybody loves to be a winner and in trading this means to find oneself in a winning trade. Risk control is where in trading lies the true holy grail so. Looking at our last weeks chart book plays:

https://www.midastouch-consulting.com/crypto-chartbook-13012019  we can say we achieved both.

Looking closer at these trades, it is the fact that they almost immediately moved out of their entry zone into the green, that represents risk mitigation. It is this sort of entry timing that you want to look for.

100 percent hit rate of last weeks chart book post, with extremely low entry risk and high risk/reward ratios:

BNB 60 min chart as of January 20th, 2019

BNB 60 min chart as of January 20th, 2019

While the market was without direction, Binance Coin advanced within two days by 11 percent and as such provided for a healthy return.

NEO 60 min chart as of January 20th, 2019

NEO 60 min chart as of January 20th, 2019

NEO caught quickly momentum in an upward thrust shortly after entry for instant profit taking to reduce risk on the whole position. Neo’s runner took 5 days to reach it’s final target netting above 16 percent.

TRON 60 min chart as of January 20th, 2019

TRON 60 min chart as of January 20th, 2019

TRON enjoyed a quick move right out of the gate, and like it’s counter parties never revisited its entry price. Three harmonious swings here represented on a 60 min chart made it’s runner a net profit of 22 percent within a 24 hour period.

QTUM 60 min chart as of January 20th, 2019

QTUM 60 min chart as of January 20th, 2019

QTUM had a very low risk entry point as well and we cut position size in half at it’s financing target. At this point we trailed the original stop to break even entry levels. It’s first target met at $ 2.25 where another quarter of the total position size was cashed in.

There was no follow through for final second target and therefor the last small portion of the trade stopped out at entry levels for break even.

Not all trades always work out, but in this case our efforts got rewarded. While the market was dormant within tight rang, these coin pics for relative strength, provided handsome rewards.

All charts timely posted in our telegram channel.

About the Author:

Outstanding abstract reasoning ability and ability to think creatively and originally has led over the last 25 years to extract new principles and a unique way to view the markets resulting in a multitude of various time frame systems, generating high hit rates and outstanding risk reward ratios. Over 20 years of coaching traders with heart & passion, assessing complex situations, troubleshoot and solve problems principle based has led to experience and a professional history of success. Skilled natural teacher and exceptional developer of talent.Avid learner guided by a plan with ability to suppress ego and empower students to share ideas and best practices and to apply principle-based technical/conceptual knowledge to maximize efficiency. 25+ year execution experience (50.000+ trades executed) Trading multiple personal accounts (long and short-and combinations of the two). Amazing market feel complementing mechanical systems discipline for precise and extreme low risk entries while objectively seeing the whole picture. Ability to notice and separate emotional responses from the decision-making process and to stand outside oneself and one’s concerns about images in order to function in terms of larger objectives. Developed exit strategies that compensate both for maximizing profits and psychological ease to allow for continuous flow throughout the whole trading day. In depth knowledge of money management strategies with the experience of multiple 6 sigma events in various markets (futures, stocks, commodities, currencies, bonds) embedded in extreme low risk statistical probability models with smooth equity curves and extensive risk management as well as extensive disaster risk allow for my natural capacity for risk-taking.

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