XMRUSD, BITFINEX
Updated
Trading Signal
Short Position (EP) : 112.44
Stop Loss (SL) : 113.91
Take Profit (TP) : 109.5
Description
formed Turtle soup at 1D time frame. Trade setup with buy stop at previous low and place stop loss at new high.
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 XMR = $112.44
EP to SL = 1.47 Tick
EP to TP = 2.94 Tick
So; Token lot size to open = 5 XMR
Expected Result
Loss = -$7.35
Gain = +$14.7
Risk/Reward Ratio = 2
Short Position (EP) : 112.44
Stop Loss (SL) : 113.91
Take Profit (TP) : 109.5
Description
formed Turtle soup at 1D time frame. Trade setup with buy stop at previous low and place stop loss at new high.
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 XMR = $112.44
EP to SL = 1.47 Tick
EP to TP = 2.94 Tick
So; Token lot size to open = 5 XMR
Expected Result
Loss = -$7.35
Gain = +$14.7
Risk/Reward Ratio = 2
Trade closed: stop reached
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