BitcoinLong
BTCUSD Short Turtle S1 Breakout trigger (08-Aug-18)
Updated
BTC has broken down again and fallen below its 20 day low so I'm again entering into a Turtle trading short. For full details on the methodology I follow in this trade see the IOTUSD Turtle Trade in the related ideas below. I'm no longer linking all of my Turtle trades below but you can find them all by searching my trades for "Turtle". A summary of their performance is provided below.
As for this trade:
P1 & P2 triggered as shown on the chart. No other positions are being placed as I don't want to over-leverage given the other ACTIVE trades open (see list below)
Position Size: 1N per position
Stop Loss as shown (this is equal to 2N of P2).
Exit: 10 day high as shown but this will not trigger since the SL is lower.
This is not investment advice. Please always do your own research. If you are interested in this trade or the Turtle strategy in general then please follow me and my turtle trades.
"Luck is what happens when preparation meets opportunity"
If you want to know more about Turtle trading then follow me and my trades. If I get enough people interested I can update Tradingview more frequently with my levels so people can copy trade. Peace.
History of trades for this Turtle S1 strategy (see links below):
1) IOTUSD Long (Closed on 11-Jun-18), 2% Loss
2) XRPUSD Short (Closed on 03-July-18), 0.45% Loss
3) ETHUSD Short (Closed on 03-July-18) 1.15% Loss
4) IOTUSD Short (11-Jun-18) (Closed on 03-Jul-18) 1.38% Gain
5) BTCUSD Short (Closed on 03-Jul-18) 0.65% Gain
6) BTCUSD Long (Closed on 03-Aug-18) 0.61% Loss
7) ETHUSD Long (Closed on 31-July-18) 2% Loss
8) XRPUSD Long (17-July-18) 2.11% Loss
9) ETHUSD Short (01-Aug-18) ACTIVE
10) IOTUSD Short (03-Aug-18) ACTIVE
11) XRPUSD Short (06-Aug-18) ACTIVE
12) BTCUSD Short (this trade 08-Aug-18) ACTIVE
Overall 7.81% Loss.
Note: Turtle strategy is expected to have a high number of losses on small percentages (-2%). It is designed to profit occasionally from long trends.
As for this trade:
P1 & P2 triggered as shown on the chart. No other positions are being placed as I don't want to over-leverage given the other ACTIVE trades open (see list below)
Position Size: 1N per position
Stop Loss as shown (this is equal to 2N of P2).
Exit: 10 day high as shown but this will not trigger since the SL is lower.
This is not investment advice. Please always do your own research. If you are interested in this trade or the Turtle strategy in general then please follow me and my turtle trades.
"Luck is what happens when preparation meets opportunity"
If you want to know more about Turtle trading then follow me and my trades. If I get enough people interested I can update Tradingview more frequently with my levels so people can copy trade. Peace.
History of trades for this Turtle S1 strategy (see links below):
1) IOTUSD Long (Closed on 11-Jun-18), 2% Loss
2) XRPUSD Short (Closed on 03-July-18), 0.45% Loss
3) ETHUSD Short (Closed on 03-July-18) 1.15% Loss
4) IOTUSD Short (11-Jun-18) (Closed on 03-Jul-18) 1.38% Gain
5) BTCUSD Short (Closed on 03-Jul-18) 0.65% Gain
6) BTCUSD Long (Closed on 03-Aug-18) 0.61% Loss
7) ETHUSD Long (Closed on 31-July-18) 2% Loss
8) XRPUSD Long (17-July-18) 2.11% Loss
9) ETHUSD Short (01-Aug-18) ACTIVE
10) IOTUSD Short (03-Aug-18) ACTIVE
11) XRPUSD Short (06-Aug-18) ACTIVE
12) BTCUSD Short (this trade 08-Aug-18) ACTIVE
Overall 7.81% Loss.
Note: Turtle strategy is expected to have a high number of losses on small percentages (-2%). It is designed to profit occasionally from long trends.
Note
Exit lowered to 10 day high at 7151. This is now below the SL so will trigger first. Exit will be lowered tomorrow also if trade is still active.Maximum Loss is now P1: 0.87% & P2 1.36%.
Note
Exit lowered to 10 day high at 6647.7.Trade is now in definite profit. Minimum gain is P1: +0.05% and P2: +0.54%.
Trade closed: target reached
Exit target reached with buy (close) orders at 6689.5. Total Position gain of 0.36%. History of trades for this Turtle S1 strategy (see links below):
1) IOTUSD Long (Closed on 11-Jun-18), 2% Loss
2) XRPUSD Short (Closed on 03-July-18), 0.45% Loss
3) ETHUSD Short (Closed on 03-July-18) 1.15% Loss
4) IOTUSD Short (11-Jun-18) (Closed on 03-Jul-18) 1.38% Gain
5) BTCUSD Short (Closed on 03-Jul-18) 0.65% Gain
6) BTCUSD Long (Closed on 03-Aug-18) 0.61% Loss
7) ETHUSD Long (Closed on 31-July-18) 2% Loss
8) XRPUSD Long (17-July-18) 2.11% Loss
9) ETHUSD Short (01-Aug-18) ACTIVE
10) IOTUSD Short (03-Aug-18) ACTIVE
11) XRPUSD Short (06-Aug-18) ACTIVE
12) BTCUSD Short (this trade 08-Aug-18) 0.36% Gain
13) EURUSD Short (10-Aug-18) 4.55% Loss
Overall 11.89% Loss.
Note: Turtle strategy is expected to have a high number of losses on small percentages (-2%). It is designed to profit occasionally from long trends.
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