OMGUSD, BITFINEX (15.11.2018)
Updated
Trading Signal
Long Position (EP) : 3.0457
Stop Loss (SL) : 2.6143
Take Profit (TP) : 3.9085
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 OMG = $3.0457
EP to SL = 0.4314 Tick
EP to TP = 0.8628 Tick
So; Token size to open = 20 OMG
Expected Result
Loss = -$8.628
Gain = +$17.256
Risk/Reward Ratio = 2
Long Position (EP) : 3.0457
Stop Loss (SL) : 2.6143
Take Profit (TP) : 3.9085
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 OMG = $3.0457
EP to SL = 0.4314 Tick
EP to TP = 0.8628 Tick
So; Token size to open = 20 OMG
Expected Result
Loss = -$8.628
Gain = +$17.256
Risk/Reward Ratio = 2
Order cancelled
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