38) BTC/USD SHORT Turtle S1 Breakout trigger (10-Jan-18)
Updated
For details of the strategy used for this trade (and historic performance) see linked trade below.
BTC (XBT) dropped below the 20 day low as shown on the chart (pink box). Position 1 has triggered at the levels shown with a 1N position size. P2 will trigger if price drop to the levels shown. I am only placing two positions due to uncertainty in other TA indicators.
Stop Loss is set at 2N above P1 at the level shown. Exit level (yellow box) is at same level as the SL.
I will post updates below, so please smash the like and follow buttons!!
This is not investment advice. Please always do your own research. If you are interested in this trade or the Turtle strategy in general then please follow me and my turtle trades.
"Luck is what happens when preparation meets opportunity"
BTC (XBT) dropped below the 20 day low as shown on the chart (pink box). Position 1 has triggered at the levels shown with a 1N position size. P2 will trigger if price drop to the levels shown. I am only placing two positions due to uncertainty in other TA indicators.
Stop Loss is set at 2N above P1 at the level shown. Exit level (yellow box) is at same level as the SL.
I will post updates below, so please smash the like and follow buttons!!
This is not investment advice. Please always do your own research. If you are interested in this trade or the Turtle strategy in general then please follow me and my turtle trades.
"Luck is what happens when preparation meets opportunity"
Trade active
Added P2 and adjusted Stop Loss and Exit, as shown. Maximum loss has now been reduced slightly.Note
Exit dropped to 3740 reducing maximum loss should price reverse...Note
Exit dropped to 3710:Note
Exit dropped to 3572 reducing maximum loss should price reverse.Trade closed: stop reached
Price revered and hit exit at 3572.0.Slight loss on trade of 0.49% of equity (1% on position)
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