LTCUSD, BITFINEX
Updated
Trading Signal
Long Position (EP) : 52.911
Stop Loss (SL) : 52.792
Take Profit (TP1) : 53.22
Take Profit (TP2) : 53.531
Description
waiting confirm formed DPPO Buy at 1h time frame following up trend. Trade setup with buy stop at 0.382 level (52.911) of FR and place stop loss below 0.618 level (52.792) of FR. Once the position was hit, place take profit (TP1) around OP (agreement) level of FE(53.22), (TP2) at XOP level of FE(53.531).
Money Management
Money in portfolio : $700
Risk Management (1%) : $7
Position Sizing
1 LTC = $52.911
EP to SL = 0.119 Tick
EP to TP1 = 0.309 Tick
EP to TP2 = 0.620 Tick
So; Token size to open = 60 LTC
Expected Result
Loss = -$7.14
Gain TP1 = +$18.54
Gain TP2 = +$37.2
Risk/Reward Ratio (TP1) = 2.6
Risk/Reward Ratio (TP2) = 5.2
Long Position (EP) : 52.911
Stop Loss (SL) : 52.792
Take Profit (TP1) : 53.22
Take Profit (TP2) : 53.531
Description
waiting confirm formed DPPO Buy at 1h time frame following up trend. Trade setup with buy stop at 0.382 level (52.911) of FR and place stop loss below 0.618 level (52.792) of FR. Once the position was hit, place take profit (TP1) around OP (agreement) level of FE(53.22), (TP2) at XOP level of FE(53.531).
Money Management
Money in portfolio : $700
Risk Management (1%) : $7
Position Sizing
1 LTC = $52.911
EP to SL = 0.119 Tick
EP to TP1 = 0.309 Tick
EP to TP2 = 0.620 Tick
So; Token size to open = 60 LTC
Expected Result
Loss = -$7.14
Gain TP1 = +$18.54
Gain TP2 = +$37.2
Risk/Reward Ratio (TP1) = 2.6
Risk/Reward Ratio (TP2) = 5.2
Trade active
Trade closed: target reached
TP1Trade closed: stop reached
TP2
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