XRP/USD Short Turtle S1 Breakout trigger (23-Nov-18)

تم تحديثه
For details of the strategy used for this trade (and historic performance) see linked trade below.

XRP broke below the 20 day low as shown on the chart (blue box). Positions 1, has triggered at the levels shown with a 1N positions size. P2 will trigger if price drops to the level shown. I am limiting positions to 2 as I already have multiple short positions in BTC and IOT (linked below) - Turtle strategy limits 12N positions in either direction (long, short).

Stop Loss is set at 2N above P1 at the levels shown. The 10 day high Exit level (yellow box) is higher than the Stop Loss so is NOT in play.

I will post updates below, so please follow!!

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"
ملاحظة
Position 2 triggered at price indicated on the chart. Stop and exit moved down as shown below:

لقطة
ملاحظة
Exit moved down to 0.4617 so is now below the Stop Loss so is in play. Maximum loss for trade reduced to total 3% from 3.5%.

لقطة
ملاحظة
Exit moved down to 0.3485.Maximum loss for trade now -1%.

لقطة
ملاحظة
Exit moved down to 0.43302

لقطة
ملاحظة
Exit moved down to 0.4120. Maximum loss on trade now only .5%

لقطة
ملاحظة
Exit moved down to .4024.

لقطة
ملاحظة
Exit moved down to 0.3897.

Trade is now in guaranteed profit!

لقطة
ملاحظة
Exit moves down to 0.37624 tomorrow increasing the minimum profit slightly.

لقطة
ملاحظة
Note that the update above how shows in yellow the price range to exit (in yellow) at 20%. It also shows the price range to the 20 day Long Trigger (in pink). When we exit this trade and get closer to this Long Trigger we will set up new positions.
ملاحظة
Exit lowered to 0.37220.

لقطة
تم إغلاق الصفقة يدويًا
I have decide to close this trade at 0.29982. Price is near 20 day low so I will also put in a new set of Short positions to catch the trade if it continues to drop.

Total profit on trade of 4.79%.

See Overview trade below for new overall profit level for this strategy.
ATRSupport and ResistanceTrend Analysistrendfollowingturtletrader

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