Mike

$BTC - why all my longs in this range have been left with 10% runners. Astro, what do you do with the rest of the trade after they hit main targets". (Further explained) Is a question I frequently receive. I answered it a few times but not with much weight or explicit explanation since after hitting main targets, the most important part is done and the rest is easier/follows naturally. But with this post, I'll bring some more clarity and quickly explain why I have not been closing, and I been leaving runners (a hint) on some trades. As the ones who have been paying attention and trading along closely, may have noticed. I won't explain exactly why yet, and I apologize for that. But once all is said and done, it will all make sense. Plus, I want to reward the long term followers and the ones who dig deep through my posts as they likely know why I'm doing this. Don't worry. I explain every single trade that I execute, give my every move in live time. 4 wins in a row deep into the range. The results speak louder than words. I have my targets, and you will know it once achieved, and you know I'm aiming for it, and when it's reached, which is when I close my runners. Until then.. "Don't talk too loudly about your goals until they become reality". Applies here. So for now, indeed three are running so far. Maybe some get stopped in the process, likely most remain. And yes, the most recent long still has 30% on the table, of which 20% will be TP'd at 73k. Leaving behind... ... 10%, once again. Whether you decide to copy this or close earlier, is up to you. And don't worry if you didn't take all of them, you will make money regardless. But I'll start with the first lesson, which is the set-and-forget-nature of runners, to leave it alone, and either hit it big, or take as a tiny (negligible) dint back on the profits. When done correctly, worth the risk and reward. Stick around, and you might learn something unique.

$BTC The long awaited long target ➡️ the next trade: a short. Can we get 4 wins in a row? Alright! We scored not one, but two major longs with this entire move up all the way from 65k. A long awaited level, a long awaited long, and a long awaited target & reward (indeed, the trade took some time). "When short Astro? When is it time? Or do we break out yet?" Are the main questions I have been receiving. Below 70k, I didn't want to short yet, my target wasn't reached yet. But now that we're above, I do. Especially with some major liquidity and targets of mine hit and such a wild sentiment flip to bullish. So, no better way to answer your questions than with this short. Because I indeed don't think we break out, yet (soon, but not yet). We just took key liquidity. We just hit major targets, and we just scored a 5k move with our longs. We also hit a local POI and are still inside the range, near range high. At the same time, we had a large sentiment shift across the board right into the move while order flow confirmed some froth and SL take-outs into our TP's as well as bearish order flow. And finally, it wouldn't be unusual for the market to retrace a good amount of the move into Friday. Finishing notes: this entry is somewhat late, so entering half size to allow some room. But we're still at 71k, so that's still nice and high. So other than that, not wasting this opportunity, it's been a nice ride up. Now, I'm happy to try and ride it down for a bit. I could be wrong. But it's worth it for me. Can we get four wins in a row? We will see.

$SPX monthly candle casually engulfing 5 months of price action. Last time it happened? March 2020... go figure what followed.

Don't diddle in the middle.