ETHUSD Short Turtle S1 Breakout trigger

Updated
Click on the following trade for details of the trading strategy used for this trade:
IOTUSD Long Turtle S1 Breakout trigger


P1 (Position 1): 12-Jun-2018
Entry: 492.52
Position Size: 1N


P2 (Position 2): 13-Jun-2018
Entry: 469.52
Position Size: 1N


Stop Loss (for all positions): 563.53 (2N from P2)

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 (links below).

"Luck is what happens when preparation meets opportunity"

History of trades for this Turtle S1 strategy:
1) IOTUSD -4.32% (Closed on 11-Jun-18), 2% Loss (tradingview.com/chart/IOTUSD/mGOQV8NM-IOTUSD-Long-Turtle-S1-Breakout-trigger/)
Note
According to Turtle S1 rules this trade will Exit on a 10 day high based on the daily charts. This is currently at: 548.8 so will now trigger before the stop loss of 563.52.
Trade active
P3: 24-Jun-2018
Entry: 445.8
Position Size: 1N

Stop Loss (all positions) 531.38 (2N from P3)
Exit: 548.80
Note
Exit updated: 526.12. Since this is now below the SL the SL is no longer active.
Trade closed manually
Trade Exit reached at 481.67 (note it had moved down since last update above).
Trade Outcome: Loss of 1.15%

History of trades for this Turtle S1 strategy:
1) IOTUSD 3.14% 1.80% -4.32% (Closed on 11-Jun-18), 2% Loss (tradingview.com/chart/IOTUSD/mGOQV8NM-IOTUSD-Long-Turtle-S1-Breakout-trigger/)
2) XRPUSD (Closed on 03-July-18), 0.45% Loss (tradingview.com/chart/XRPUSD/sQsj6Cpg-XRPUSD-Short-Turtle-S1-Breakout-trigger/)
3) ETHUSD (Closed on 03-July-18) 1.15% Loss (this trade - tradingview.com/chart/ETHUSD/H9yfeGy1-ETHUSD-Short-Turtle-S1-Breakout-trigger/)
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.
ATRSupport and ResistanceTrend Analysistrendfollowingturtletrader

Also on:

Related publications

Disclaimer