IOT has smashed through its 20 day high so I'm again entering into a Turtle trading short. For full details on the methodology I follow in this trade see the IOTUSD Short 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. P3 unit order in place.
Position Size: 1N per position
Stop Loss as shown (this is equal to 2N of P2). Note: If P3 triggers then the SL will move and I will show this in an update to this trade.
Exit: 10 day low as shown. If the exit moves above the SL in subsequent days I will provide in an update to this trade.
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) 9.28% Gain
11) XRPUSD Short (06-Aug-18) ACTIVE
12) BTCUSD Short (08-Aug-18) 0.36% Gain
13) EURUSD Short (10-Aug-18) 4.55% Loss
14) IOTUSD Long (28-Aug-18) ACTIVE <--- This Trade
Overall 2.61% 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.