ETPUSD, BITFINEX
Updated
Trading Signal
Long Position (EP) : 3.1057
Stop Loss (SL) : 3.0818
Take Profit (TP) : 3.1535
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 ETP = $3.1057
EP to SL = 0.0239 Tick
EP to TP = 0.0478 Tick
So; Token size to open = 300 ETP
Expected Result
Loss = -$7.17
Gain = +$14.34
Risk/Reward Ratio = 2
Long Position (EP) : 3.1057
Stop Loss (SL) : 3.0818
Take Profit (TP) : 3.1535
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 ETP = $3.1057
EP to SL = 0.0239 Tick
EP to TP = 0.0478 Tick
So; Token size to open = 300 ETP
Expected Result
Loss = -$7.17
Gain = +$14.34
Risk/Reward Ratio = 2
Trade active
Trade closed: stop reached
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