LitecoinLong
LTCUSD, BITFINEX
Updated
Trading Signal
Long Position (EP) : 50.455
Stop Loss (SL) : 48.00
Take Profit (TP) : 55.365
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 = $50.455
EP to SL = 2.455 Tick
EP to TP = 4.91 Tick
So; Token size to open = 3 LTC
Expected Result
Loss = -$7.365
Gain = +$14.73
Risk/Reward Ratio = 2
Long Position (EP) : 50.455
Stop Loss (SL) : 48.00
Take Profit (TP) : 55.365
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 = $50.455
EP to SL = 2.455 Tick
EP to TP = 4.91 Tick
So; Token size to open = 3 LTC
Expected Result
Loss = -$7.365
Gain = +$14.73
Risk/Reward Ratio = 2
Trade active
Trade closed: target reached
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