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Signs of Life for Neo?Neo shows bearish signs, but they're not overwhelmingly strong. Read further for more technical analysis. neo is trading at $21.26, at the moment. Levels from above include: 21.57 from highs and lows over the past 14 periods 26.75 from sma 50 34.32 from highs and lows over the past 30 periods 65.85 from highs and lows over the past 100 periods 94.76 from highs and lows Levels from above include:: 14.12 from highs and lows over the past 14 periods The technicals for neo are as follows. Volatility is much lower than usual, anticipate a breakout soon. The RSI indicator suggests that we are in a bear trend, but not oversold yet. The MACD suggests that we are in a bullish phase but not overbought yet. neo is below the 50 period SMA, indicating a bear trend. The 100 period SMA indicates that we are in a bear trend. Finally, the 50 period SMA is below the 100 period SMA, indicating longer term bearish confirmation. The ADX indicator, 12 suggests that neo is ranging.
BINANCE:NEOUSDShort
by quantguy
Bitcoin Slightly Bullish, but Overall Rangingbitcoin seems to be ranging. Bullish and bearish indicators seem somewhat weak at this point. At the time of this writing, bitcoin was trading at $7096.28. Levels from above will provide resistance, including: 7109.56 from volume profile over the past 14 periods 8272.26 from highs and lows over the past 30 periods 8562.41 from highs and lows over the past 100 periods 9964.50 from highs and lows Levels from above include:: 6962.89 from sma 50 6887.55 from volume profile over the past 14 periods 6864.78 from volume profile over the past 14 periods 6807.85 from volume profile over the past 14 periods 6779.39 from volume profile over the past 14 periods 6756.62 from volume profile over the past 14 periods 6711.08 from volume profile over the past 14 periods 5971.05 from highs and lows over the past 14 periods 5826.41 from highs and lows over the past 100 periods Lets look at some technical analysis for bitcoin. Volatility has narrowed considerably, which suggests a breakout may be near. The RSI is 59, indicating that we are in a bull trend, but not yet overbought. The MACD is above the signal line, but not by too much, suggesting that we are in a bull trend which may continue. bitcoin is above the 50 period SMA, which indicates a bull trend, but not overbought yet. Also, bitcoin is above the 100 period SMA, which is currently at 6953, indicating bullishness. Finally, the SMA(50) is roughly equal to the SMA(100), suggesting ranging. The ADX indicator suggests a meager bull trend, at 28.
B
by quantguy
AAPL Extremely Bullish, Don't Buy on FOMO!AAPL shows multiple signs of a strong bull trend. Be careful when looking to buy lest you get caught in a retracement. At the time of this writing, AAPL was trading at $222.98. We will find resistance from levels from above including: 222.99 from volume profile over the past 14 periods 223.49 from highs and lows over the past 14 periods We will find support from levels from below including the following: 222.48 from volume profile over the past 14 periods 221.89 from volume profile over the past 14 periods 220.55 from volume profile over the past 14 periods 219.20 from volume profile over the past 14 periods 218.70 from volume profile over the past 14 periods 218.02 from volume profile over the past 14 periods 217.10 from volume profile over the past 14 periods 216.43 from volume profile over the past 14 periods 215.40 from volume profile over the past 30 periods 213.85 from volume profile over the past 30 periods Lets look at some technical analysis for AAPL. Volatility has narrowed a bit, but may continue more before a breakout. The RSI is 81, indicating that we are overbought. A bear pullback or trend reversal can be expected. The MACD is above the signal line, but not by too much, suggesting that we are in a bull trend which may continue. We are well above the 50 period SMA, which suggests that we are overbought. Also, AAPL is above the 100 period SMA by quite a bit, suggesting that we are overbought. Finally, the 50 period SMA is above the 100 period SMA, indicating longer term bullish confirmation. The ADX indicator reads 68, which is indicative of a strong bull trend.
NASDAQ:AAPLLong
by quantguy
5
MU Somewhat BearishMU shows bearish signs, but they're not overwhelmingly strong. Read further for more technical analysis. At the time of this writing, MU was trading at $51.83. Levels from above will provide resistance, including: 51.98 from volume profile over the past 14 periods 52.09 from volume profile over the past 14 periods 52.36 from gaps 52.80 from gaps 53.21 from gaps 54.17 from gaps 54.58 from gaps 54.83 from gaps 55.48 from gaps 55.64 from gaps We will find support from levels from below including: 51.80 from volume profile over the past 14 periods 51.51 from volume profile over the past 14 periods 51.33 from volume profile over the past 14 periods 51.17 from gaps 51.03 from gaps 50.82 from gaps 50.68 from volume profile over the past 14 periods 50.39 from volume profile over the past 14 periods 50.25 from volume profile over the past 14 periods 50.01 from gaps Lets look at some technical analysis for MU. Volatility has consolidated quite a bit, expect a breakout soon. The RSI is 51, indicating that we are in a bull trend, but not yet overbought. The MACD is above the signal line, but not to an extreme. This suggests we may have more room to appreciate. MU is below the 50 period SMA, which indicates a bear trend, but not oversold yet. The 100 period SMA indicates that we are in a bear trend. Finally, the 50 period SMA is below the 100 period SMA, indicating longer term bearish confirmation. The ADX indicator, 7 confirms that MU is ranging, that is, no significant trend is observed.
NASDAQ:MUShort
by quantguy
2
Stocks Looking BullishThe technical analysis for SPY is very strong. We see many indications of a strong bull trend. It would be wise to buy on a dip. Currently, SPY is trading at $291.54. We will find resistance from levels from above including the following: 291.65 from highs and lows over the past 14 periods Levels from belowwill provide support, including: 289.47 from Volume profile over the past 14 periods 288.38 from Volume profile over the past 30 periods 286.77 from Volume profile over the past 14 periods 285.92 from Volume profile over the past 30 periods 282.69 from Volume profile over the past 100 periods 281.54 from Volume profile over the past 100 periods 280.16 from Highs and lows over the past 14 periods 278.71 from Volume profile 277.14 from Volume profile over the past 100 periods 275.93 from Volume profile 274.82 from Volume profile 274.08 from Volume profile 259.05 from Highs and lows over the past 100 periods 254.67 from Highs and lows The technicals for SPY are as follows. Volatility is much lower than average, so a breakout can be expected. The RSI is 73, indicating that we are in a bull trend, but not yet overbought. The MACD is above the signal line, suggesting the bull phase may continue. SPY is well above the 50 period SMA, which is 281 at the moment, suggesting that we are overbought. Also, SPY is above the 100 period SMA by quite a bit, suggesting that we are overbought. Finally, the SMA(50) is above the SMA(100), a long term bullish confirmation. The ADX indicator shows a bull trend.
AMEX:SPYLong
by quantguy
BTCUSD Short Turtle S1 Breakout trigger (08-Aug-18)BTC has broken down again and fallen below its 20 day low so I'm again entering into a Turtle trading short. For full details on the methodology I follow in this trade see the IOTUSD Turtle Trade in the related ideas below. I'm no longer linking all of my Turtle trades below but you can find them all by searching my trades for "Turtle". A summary of their performance is provided below. As for this trade: P1 & P2 triggered as shown on the chart. No other positions are being placed as I don't want to over-leverage given the other ACTIVE trades open (see list below) Position Size: 1N per position Stop Loss as shown (this is equal to 2N of P2). Exit: 10 day high as shown but this will not trigger since the SL is lower. 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" If you want to know more about Turtle trading then follow me and my trades. If I get enough people interested I can update Tradingview more frequently with my levels so people can copy trade. Peace. History of trades for this Turtle S1 strategy (see links below): 1) IOTUSD Long (Closed on 11-Jun-18), 2% Loss 2) XRPUSD Short (Closed on 03-July-18), 0.45% Loss 3) ETHUSD Short (Closed on 03-July-18) 1.15% Loss 4) IOTUSD Short (11-Jun-18) (Closed on 03-Jul-18) 1.38% Gain 5) BTCUSD Short (Closed on 03-Jul-18) 0.65% Gain 6) BTCUSD Long (Closed on 03-Aug-18) 0.61% Loss 7) ETHUSD Long (Closed on 31-July-18) 2% Loss 8) XRPUSD Long (17-July-18) 2.11% Loss 9) ETHUSD Short (01-Aug-18) ACTIVE 10) IOTUSD Short (03-Aug-18) ACTIVE 11) XRPUSD Short (06-Aug-18) ACTIVE 12) BTCUSD Short (this trade 08-Aug-18) ACTIVE Overall 7.81% Loss. Note: Turtle strategy is expected to have a high number of losses on small percentages (-2%). It is designed to profit occasionally from long trends.
BITFINEX:BTCUSDLong
by HackneyCrypto
EURUSD Short Turtle S1 Breakout trigger (10-Aug-18)The Euro has broken down below it's 90 day low which has triggered a Turtle trading short. For full details on the methodology I follow in this trade see the IOTUSD Turtle Trade in the related ideas below. The only difference with this trade to the others (which are all crypto pairs) is that I am entering on a 90 day high/low and exiting on a 8 day high/low. I'm no longer linking all of my Turtle trades below but you can find them all by searching my trades for "Turtle". A summary of their performance is provided below. As for this trade: P1 & P2 triggered as shown on the chart. P3 set but not yet triggered. No other positions are being placed as I don't want to over-leverage given the other ACTIVE trades open (see list below) Position Size: 1N per position Stop Loss as shown (this is equal to 2N of P2). Note that SL will move down for all trades if P3 is initiated. Exit: 8 day high as shown but this will not trigger since the SL is lower. If we stay in the trade that Exit may move below the SL in future. 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" If you want to know more about Turtle trading then follow me and my trades. If I get enough people interested I can update Tradingview more frequently with my levels so people can copy trade. Peace. History of trades for this Turtle S1 strategy (see links below): 1) IOTUSD Long (Closed on 11-Jun-18), 2% Loss 2) XRPUSD Short (Closed on 03-July-18), 0.45% Loss 3) ETHUSD Short (Closed on 03-July-18) 1.15% Loss 4) IOTUSD Short (11-Jun-18) (Closed on 03-Jul-18) 1.38% Gain 5) BTCUSD Short (Closed on 03-Jul-18) 0.65% Gain 6) BTCUSD Long (Closed on 03-Aug-18) 0.61% Loss 7) ETHUSD Long (Closed on 31-July-18) 2% Loss 8) XRPUSD Long (17-July-18) 2.11% Loss 9) ETHUSD Short (01-Aug-18) ACTIVE 10) IOTUSD Short (03-Aug-18) ACTIVE 11) XRPUSD Short (06-Aug-18) ACTIVE 12) BTCUSD Short (08-Aug-18) ACTIVE 13) EURUSD Short (this trade 10-Aug-18) ACTIVE Overall 7.81% Loss. Note: Turtle strategy is expected to have a high number of losses on small percentages (-2%). It is designed to profit occasionally from long trends.
Short
by HackneyCrypto
XRPUSD Short Turtle S1 Breakout trigger (06-Aug-18)XRP has broken down again and fallen below its 20 day low so I'm again entering into a Turtle trading short. For full details on the methodology I follow in this trade see the IOTUSD Turtle Trade in the related ideas below. I'm no longer linking all of my Turtle trades below but you can find them all by searching my trades for "Turtle". A summary of their performance is provided below. As for this trade: P1 triggered as shown on the chart. P2 & P3 unit orders placed. Position Size: 1N per position Stop Loss as shown (this is equal to 2N of P1). Note: If P2 & P3 trigger then the SL will move and I will show this in an update to this trade. Exit: 10 day low as shown. Notice that this will trigger before the SL unless the SL moves with subsequent positions. 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" If you want to know more about Turtle trading then follow me and my trades. If I get enough people interested I can update Tradingview more frequently with my levels so people can copy trade. Peace. History of trades for this Turtle S1 strategy (see links below): 1) IOTUSD Long (Closed on 11-Jun-18), 2% Loss 2) XRPUSD Short (Closed on 03-July-18), 0.45% Loss 3) ETHUSD Short (Closed on 03-July-18) 1.15% Loss 4) IOTUSD Short (11-Jun-18) (Closed on 03-Jul-18) 1.38% Gain 5) BTCUSD Short (Closed on 03-Jul-18) 0.65% Gain 6) BTCUSD Long (Closed on 03-Aug-18) 0.61% Loss 7) ETHUSD Long (Closed on 31-July-18) 2% Loss 8) XRPUSD Long (17-July-18) 2.11% Loss 9) ETHUSD Short (01-Aug-18) ACTIVE 10) IOTUSD Short (03-Aug-18) ACTIVE 11) XRPUSD Short (this trade - 06-Aug-18) ACTIVE Overall 7.81% Loss. Note: Turtle strategy is expected to have a high number of losses on small percentages (-2%). It is designed to profit occasionally from long trends.
BITFINEX:XRPUSDShort
by HackneyCrypto
IOTUSD Short Turtle S1 Breakout trigger (03-Aug-18)See the IOTUSD Long Turtle S1 Breakout Trigger trade linked below for full details of the systematic Turtle trading strategy being used in this trade. P1, P2 & P3 triggered at prices shown on chart. Position Size: 1N per position Stop Loss as shown (this is equal to 2N of the final position, i.e. P3. Exit: 10 day low (if SL not triggered) 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" If you want to know more about Turtle trading then follow me and my trades. If I get enough people interested I can update Tradingview more frequently with my levels so people can copy trade. Peace. History of trades for this Turtle S1 strategy (see links below): 1) IOTUSD Long (Closed on 11-Jun-18), 2% Loss 2) XRPUSD Short (Closed on 03-July-18), 0.45% Loss 3) ETHUSD Short (Closed on 03-July-18) 1.15% Loss 4) IOTUSD Short (11-Jun-18) (Closed on 03-Jul-18) 1.38% Gain 5) BTCUSD Short (Closed on 03-Jul-18) 0.65% Gain 6) BTCUSD Long (Closed on 03-Aug-18) 0.61% Loss 7) ETHUSD Long (Closed on 31-July-18) 2% Loss 8) XRPUSD Long (17-July-18) 2.11% Loss 9) ETHUSD -0.42% Short (01-Aug-18) ACTIVE 10) IOTUSD Short (this trade - 03-Aug-18) ACTIVE Overall 7.81% Loss. Note: Turtle strategy is expected to have a high number of losses on small percentages (-2%). It is designed to profit occasionally from long trends.
BITFINEX:IOTUSDShort
by HackneyCrypto
ETHUSD Short Turtle S1 Breakout trigger (01-Aug-18)See the IOTUSD Long Turtle S1 Breakout Trigger trade linked below for full details of the systematic Turtle trading strategy being used in this trade. P1 triggered at prices shown on chart. P2, P3 & P4 set at Stop Orders at prices shown on chart. Position Size: 1N per position Stop Loss as shown. Note SL will move up if P2-P4 trigger (see future updates). Exit: 10 day low (if SL not triggered) 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" If you want to know more about Turtle trading then follow me and my trades. If I get enough people interested I can update Tradingview more frequently with my levels so people can copy trade. Peace. History of trades for this Turtle S1 strategy (see links below): 1) IOTUSD Long (Closed on 11-Jun-18), 2% Loss 2) XRPUSD Short (Closed on 03-July-18), 0.45% Loss 3) ETHUSD Short (Closed on 03-July-18) 1.15% Loss 4) IOTUSD Short (11-Jun-18) (Closed on 03-Jul-18) 1.38% Gain 5) BTCUSD Short (Closed on 03-Jul-18) 0.65% Gain 6) BTCUSD Long (17-July-18) ACTIVE 7) ETHUSD Long (17-July-18) (Closed on 31-July-18) 2% Loss 8) XRPUSD Long (17-July-18) 2.11% Loss 9) ETHUSD Short (this trade) ACTIVE Overall 6.83% Loss Note: Turtle strategy is expected to have a high number of losses on small percentages (-2%). It is designed to profit occasionally from long trends.
BITFINEX:ETHUSDShort
by HackneyCrypto
BTCUSD Long Turtle S1 Breakout trigger (17-July-18)See the IOTUSD Long Turtle S1 Breakout Trigger trade linked below for full details of the systematic Turtle trading strategy being used in this trade. P1, P2 & P3 all triggered at prices shown on chart. Position Size: 1N per position Stop Loss: $6524 (2N from P3) Exit: 10 day low (if SL not triggered) 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" If you want to know more about Turtle trading then follow me and my trades. If I get enough people interested I can update Tradingview more frequently with my levels so people can copy trade. Peace. History of trades for this Turtle S1 strategy (see links below): 1) IOTUSD Long (Closed on 11-Jun-18), 2% Loss 2) XRPUSD Short (Closed on 03-July-18), 0.45% Loss 3) ETHUSD Short (Closed on 03-July-18) 1.15% Loss 4) IOTUSD Short (11-Jun-18) (Closed on 03-Jul-18) 1.38% Gain 5) BTCUSD Short (Closed on 03-Jul-18) 0.65% Gain Overall 0.21% Loss Note: Turtle strategy is expected to have a high number of losses on small percentages (-2%). It is designed to profit occasionally from long trends.
BITFINEX:BTCUSDLong
by HackneyCrypto
XRPUSD Long Turtle S1 Breakout trigger (17-July-18)See the IOTUSD Long Turtle S1 Breakout Trigger trade linked below for full details of the systematic Turtle trading strategy being used in this trade. P1 triggered at prices shown on chart. P2, P3 set as Stop Orders at prices shown on chart. Note: P4 not being set as total number of positions / units would be exceeded. Position Size: 1N per position Stop Loss: As Shown (2N from P1). Note SL will move up if P2-P4 trigger (see future updates). Exit: 10 day low (if SL not triggered) 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" If you want to know more about Turtle trading then follow me and my trades. If I get enough people interested I can update Tradingview more frequently with my levels so people can copy trade. Peace. History of trades for this Turtle S1 strategy (see links below): 1) IOTUSD Long (Closed on 11-Jun-18), 2% Loss 2) XRPUSD Short (Closed on 03-July-18), 0.45% Loss 3) ETHUSD Short (Closed on 03-July-18) 1.15% Loss 4) IOTUSD Short (11-Jun-18) (Closed on 03-Jul-18) 1.38% Gain 5) BTCUSD Short (Closed on 03-Jul-18) 0.65% Gain 6) BTCUSD Long (17-July-18) ACTIVE 7) ETHUSD Long (17-July-18) ACTIVE Overall 0.21% Loss Note: Turtle strategy is expected to have a high number of losses on small percentages (-2%). It is designed to profit occasionally from long trends.
BITFINEX:XRPUSDLong
by HackneyCrypto
ETHUSD Long Turtle S1 Breakout trigger (17-July-18)See the IOTUSD -0.29% Long Turtle S1 Breakout Trigger trade linked below for full details of the systematic Turtle trading strategy being used in this trade. P1 triggered at prices shown on chart. P2, P3 & P4 set at Stop Orders at prices shown on chart. Position Size: 1N per position Stop Loss: $6524 (2N from P1). Note SL will move up if P2-P4 trigger (see future updates). Exit: 10 day low (if SL not triggered) 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" If you want to know more about Turtle trading then follow me and my trades. If I get enough people interested I can update Tradingview more frequently with my levels so people can copy trade. Peace. History of trades for this Turtle S1 strategy (see links below): 1) IOTUSD Long (Closed on 11-Jun-18), 2% Loss 2) XRPUSD Short (Closed on 03-July-18), 0.45% Loss 3) ETHUSD Short (Closed on 03-July-18) 1.15% Loss 4) IOTUSD Short (11-Jun-18) (Closed on 03-Jul-18) 1.38% Gain 5) BTCUSD Short (Closed on 03-Jul-18) 0.65% Gain 6) BTCUSD Long (17-July-18) ACTIVE Overall 0.21% Loss Note: Turtle strategy is expected to have a high number of losses on small percentages (-2%). It is designed to profit occasionally from long trends.
BITFINEX:ETHUSDLong
by HackneyCrypto
XRPUSD Short Turtle S1 Breakout triggerClick on the following trade for details of the trading strategy used for this trade: P1 (Position 1): 22-Jun-2018 Entry: 0.50286 Position Size: 1N P2: 23-Jun-2018 Entry: 0.48066 Position Size: 1N P3: 27-Jun-2018 Entry: 0.45638 Position Size: 1N For all Positions.. Stop Loss: 0.5435 (2N from P3) Exit: 0.5611 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 (links below). "Luck is what happens when preparation meets opportunity" History of trades for this Turtle S1 strategy: 1) IOTUSD 1.80% -4.32% (Closed on 11-Jun-18), 2% Loss () All other trades linked below are still open
BITFINEX:XRPUSDShort
by HackneyCrypto
IOTUSD Short Turtle S1 Breakout trigger (11-Jun-18)See the following trade for details of the trading strategy used for this trade: P1 (Position 1): Entry: 1.33 Stop Loss: 1.70 (2N) Position Size: 1N 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" History of closed trades for this Turtle S1 strategy: 1) IOTUSD -3.75% (Closed on 11-Jun-18), 2% Loss ()
BITFINEX:IOTUSDShort
by HackneyCrypto
ETHUSD Short Turtle S1 Breakout triggerClick on the following trade for details of the trading strategy used for this trade: P1 (Position 1): 12-Jun-2018 Entry: 492.52 Position Size: 1N P2 (Position 2): 13-Jun-2018 Entry: 469.52 Position Size: 1N Stop Loss (for all positions): 563.53 (2N from P2) 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 (links below). "Luck is what happens when preparation meets opportunity" History of trades for this Turtle S1 strategy: 1) IOTUSD -4.32% (Closed on 11-Jun-18), 2% Loss ()
BITFINEX:ETHUSDShort
by HackneyCrypto
BTCUSD Short Turtle S1 Breakout triggerSee the following trade for details of the trading strategy used for this trade: P1 (Position 1): Entry: 7040 Stop Loss: 7809 (2N) Position Size: 1N 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" History of trades for this Turtle S1 strategy: 1) IOTUSD (Closed on 11-Jun-18), 2% Loss ()
BITFINEX:BTCUSDShort
by HackneyCrypto
IOTUSD Long Turtle S1 Breakout triggerI have undertaken backtesting over the past few weeks on a number of Crypto / USD pairs using the Turtle Trading strategy 1 & 2 as described in www.goodreads.com On all of the pairs I tested the Turtle Strategy 1 performed best. IOTUSD is first pair where a signal has triggered. I will be updating this trade as it progresses. I will also be linking to other related trades which you can follow once they trigger. The Turtle Trading strategy is a systematic trend-following breakout trading system which works well in trending markets - its designed to catch the big trends! The strategy looses money over time when the market is ranging. Historically crypto markets have primarily been trending which makes the Turtle strategy a good fit over time. In this trade I will follow these Turtle strategy principles: Entry : Long (or Short) is placed when the price breaks above (or below for Shorts) the price for the previous 20 days. Position Size : 1% of portfolio size adjusted to account for volatility of the market, known as 1N. More volatile markets have a wider Stop Loss (see below) but they also have smaller position size. This equalises risk across all entries and results in better diversification and more robust risk management. As the portfolio size increases or decreases so therefore will the subsequent position sizing. Additional Positions : Purchased if price moves in the direction of the trade at 1/2N or 1/2% of portfolio size/risk. A maximum of 3 additional units, making for a total of 4 units will be purchased. Stop Loss : Placed based on a calculation involving the Average True Range (ATR) for the previous 20 days where the Risk amounts to no more than 2% Portfolio size. i.e. Stop is placed at 2N. If additional units are purchased then each one has its own Stop Loss and each will be executed individually if and when they are reached. Exit : No fixed exit target is set. Turtles do not agree with the old saying "You can never go broke taking a profit", instead they believe that taking a profit too early is one of the most common and damaging mistakes in trading trend-following systems. Instead an exit will be triggered when the trend has a 10-day low (or 10-day high for Shorts). Thus the Exit is not shown on this trade set-up. If additional positions have been purchased then ALL will be exited when the exit target is hit for the original position. Maximum Positions : The Turtle strategy advocates a limit on the number of positions held across all traded pairs for uncorrelated and correlated markets. Since all crypto pairs are closely correlated (see: cointrading.ninja) I will be ignoring this rule and instead following the rule which states that a maximum of 12 long positions and 12 short positions can be held at the same time. It is noted that it is unlikely that 24 positions will be opened as the close correlation of crypto markets means that positions will either be long or short but not both at the same time. Given the rules above the IOTUSD Long triggered yesterday when the price hit a 20 day high. My initial trade is as follows: P1 (Position 1): Entry: 1.7792 Stop Loss: 1.3758 (2N) Position Size: 1N 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"
BITFINEX:IOTUSDLong
by HackneyCrypto
What is the job of a trend-following trader?The chart is not going to tell anyone whether to go long or short. I cut deeper than that. This post is about what I see as the job of a trader, who wants to be consistently profitable over a long time using trend following strategies. The following therefore excludes systems that tend to have fixed targets, such as harmonic trading and exploiting levels of support and resistance. Trend-followers usually do not have fixed targets as they do not know how far a trend would go before changing. My job as a trend-following trader is to do the following: Estimate probability of direction of future price movement based on a sound system of analysis. Engage losses but make them controlled and reasonable within a sound methodology. Exploit probability of price movement in a favoured direction by trailing the trend. Have realistic expectations of gain in any single trade relative to the Average True Range (or other suitably reliable measure of volatility). For trading situations where the Average True Range is high, stop-losses need to be acceptable and broad. Sometimes 2 x Average True Range is used as a rule of thumb. However, human judgement has to prevail. On occasions some instruments have a pattern of spiking deeply down or up, and recovering. For those a stop-loss of 3 x Average True Range may be better to avoid being stopped out. If 3 x Average True Range or even 2 x Average True Range is unacceptable as a loss I do not enter the trade. Too often new traders are spiked out and left behind. Average True Range varies by time frame and naturally so does visual appreciation of volatility. Make volatility your friend - and treat her with respect. Develop ' nerves of steel '.
Education
by Captain_Walker