EOSUSD, BITFINEX
Trading Signal
Short Position (EP) : 5.681
Stop Loss (SL) : 5.7991
Take Profit (TP) : 5.4448
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 EOS = $5.681
EP to SL = 0.1181 Tick
EP to TP = 0.2362 Tick
So; Token lot size to open = 60 EOS
Expected Result
Loss = -$7.086
Gain = +$14.172
Risk/Reward Ratio = 2
Short Position (EP) : 5.681
Stop Loss (SL) : 5.7991
Take Profit (TP) : 5.4448
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 EOS = $5.681
EP to SL = 0.1181 Tick
EP to TP = 0.2362 Tick
So; Token lot size to open = 60 EOS
Expected Result
Loss = -$7.086
Gain = +$14.172
Risk/Reward Ratio = 2
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