Swings and scalps

Trading long and short at the same time makes sense if there is a swing going. Scalp the reverse direction of the swing when it overextends. Position sizing and stop placement need polishing.

2 positions, one per fib level, then it's max out.

Setting a target for one of the positions, the first move.

Couldn't get the bitcoin in my account fast enough to not stop out. A few minutes after I stopped, the money showed up. Stopped, then went in my direction again. 2 shorts.

This time stops above the high, swinging it through the weekend and beyond hopefully. This spike does have to retrace more eventually. I don't want to miss it. However, I should be able to open a long position and if it bull flags again. In the unsure part of the price action I may be long and short at the same time, until momentum picks up and a more solid direction forms. I'll stop out of one, ride the other to exhaustion, then reverse the position. If all goes well. However, I am not staring at the charts all day I have a lot to do. That would be the best way though.

Not a sniper entry but if this is a trend reversal then it is a decent spot to jump in. It did make new highs recently, but then a new low, so there has been more volatility. I am going to try to pyramid a good long swing trend.

Double top, loosing steam, sign of reversal. Larger stop than usual, but I have to for longer term trades. It seems most of my loosing trades are when it stops, then goes back in the direction I originally thought. Fake outs.

Longer term large stop. Tight stops will be mastered eventually but I have to quit messing around and produce some results, so back to more longer term methods, hopefully pyramiding and scalping the trend. The target is to take quick profits if there is a spike in momentum, it will be moved down otherwise.

$2 risk, spike target previous support.

Up side down cup almost complete forming, still room down but only $0.50 risk stop at previous low.

Fresh look at gold on the weekly, it looks like it's hitting former support.

Short signal.

This one turned out to be a cup and handle it looks like, I lost on it trading against it, but at least have a short on the Oanda account. I'm waiting for this to trigger then get in short after it hits a target.

I went over all the pairs, second time this week I have scanned them all. Sunday and Wednesday checking the weekly patterns.

Unbelievable. Barely spiked out my stop then tanked, silver and gold. Same problem I have been having. I thought this stop was wide enough but really it needed just a hair more leeway.

See if we found support.

Going to long at the 423.6

3 levels confluence on gold. long entry at 1507.