LTCUSD, BITFINEX (15.11.2018)
Updated
Trading Signal
Long Position (EP) : 48.000
Stop Loss (SL) : 41.926
Take Profit (TP) : 60.148
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 LTC = $48.0
EP to SL = 6.074 Tick
EP to TP = 12.148 Tick
So; Token size to open = 1.2 LTC
Expected Result
Loss = -$7.28
Gain = +$14.57
Risk/Reward Ratio = 2
Long Position (EP) : 48.000
Stop Loss (SL) : 41.926
Take Profit (TP) : 60.148
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 LTC = $48.0
EP to SL = 6.074 Tick
EP to TP = 12.148 Tick
So; Token size to open = 1.2 LTC
Expected Result
Loss = -$7.28
Gain = +$14.57
Risk/Reward Ratio = 2
Order cancelled
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