ETHUSD, BITFINEX (15.11.2018)
Updated
Trading Signal
Long Position (EP) : 193.04
Stop Loss (SL) : 175.07
Take Profit (TP) : 228.98
Description
formed Turtle soup at D1 time frame. Trade setup with buy stop at previous low and place stop loss at new low.
Once the position was hit, place take profit above 2X of (EP-SL)
Money Management
Money in portfolio : $700
Risk Management (1%) : $7
Position Sizing
1 ETH = $193.04
EP to SL = 17.97 Tick
EP to TP = 35.94 Tick
So; Token size to open = 0.4 ETH
Expected Result
Loss = -$7.188
Gain = +$14.376
Risk/Reward Ratio = 2
Long Position (EP) : 193.04
Stop Loss (SL) : 175.07
Take Profit (TP) : 228.98
Description
formed Turtle soup at D1 time frame. Trade setup with buy stop at previous low and place stop loss at new low.
Once the position was hit, place take profit above 2X of (EP-SL)
Money Management
Money in portfolio : $700
Risk Management (1%) : $7
Position Sizing
1 ETH = $193.04
EP to SL = 17.97 Tick
EP to TP = 35.94 Tick
So; Token size to open = 0.4 ETH
Expected Result
Loss = -$7.188
Gain = +$14.376
Risk/Reward Ratio = 2
Order cancelled
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