GTO-BTC Long Trade Plan
Updated
Commodity : GIFTO
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-2 weeks
Investment in trade : 10% of the total Trading Balance.
Prospective Profit : 5% to 20%
Prospective Loss : 3.5%
RRR : SL to TP1 is 1.6, SL to TP2 is 2.91 , SL to TP3 is 4 and SL to TP4 is 5.73
Buy Zone/TPs/SL price points are marked in the chart as follows
Greens - Profit Targets (TPs)
Blue - Buy Zone (Entries)
Red - Stop Loss (SL)
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-2 weeks
Investment in trade : 10% of the total Trading Balance.
Prospective Profit : 5% to 20%
Prospective Loss : 3.5%
RRR : SL to TP1 is 1.6, SL to TP2 is 2.91 , SL to TP3 is 4 and SL to TP4 is 5.73
Buy Zone/TPs/SL price points are marked in the chart as follows
Greens - Profit Targets (TPs)
Blue - Buy Zone (Entries)
Red - Stop Loss (SL)
Order cancelled
Trade invalidated.I was expecting it to hit the support before bouncing hard.
Well, I was right in expecting a bounce but got the entries wrong.
Missed nice 30% opportunity.
Note
Missed these nice 40% profits
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.