IOTUSD, BITFINEX
Updated
Trading Signal
Long Position (EP) : 0.4708
Stop Loss (SL) : 0.455
Take Profit (TP) : 0.5024
Description
formed Turtle soup at 1H 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 LTC = $0.4708
EP to SL = 0.0158 Tick
EP to TP = 0.0316Tick
So; Token size to open = 500 IOT
Expected Result
Loss = -$7.9
Gain = +$15.8
Risk/Reward Ratio = 2
Long Position (EP) : 0.4708
Stop Loss (SL) : 0.455
Take Profit (TP) : 0.5024
Description
formed Turtle soup at 1H 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 LTC = $0.4708
EP to SL = 0.0158 Tick
EP to TP = 0.0316Tick
So; Token size to open = 500 IOT
Expected Result
Loss = -$7.9
Gain = +$15.8
Risk/Reward Ratio = 2
Trade closed: target reached
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