BTC/USD LONG Turtle S1 Breakout trigger (28-Aug-18)

BTC 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 IOT/USD 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 triggered as shown on the chart. P2 & P3 unit order in place.
Position Size: 1N per position
Stop Loss as shown (this is equal to 2N of P1). Note: If P2 & 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) IOT/USD Long (Closed on 11-Jun-18), 2% Loss
2) XRP/USD Short (Closed on 03-July-18), 0.45% Loss
3) ETH/USD Short (Closed on 03-July-18) 1.15% Loss
4) IOT/USD Short (11-Jun-18) (Closed on 03-Jul-18) 1.38% Gain
5) BTC/USD Short (Closed on 03-Jul-18) 0.65% Gain
6) BTC/USD Long (Closed on 03-Aug-18) 0.61% Loss
7) ETH/USD Long (Closed on 31-July-18) 2% Loss
8) XRP/USD Long (17-July-18) 2.11% Loss
9) ETH/USD Short (01-Aug-18) ACTIVE
10) IOT/USD Short (03-Aug-18) 9.28% Gain
11) XRP/USD Short (06-Aug-18) ACTIVE
12) BTC/USD Short (08-Aug-18) 0.36% Gain
13) EUR/USD Short (10-Aug-18) 4.55% Loss
14) IOT/USD Long (28-Aug-18) ACTIVE
15) BTC/USD Long (28-Aug-18) ACTIVE <--- This Trade
Overall 2.61% Loss (will be positive overall once trades 9 & 11 close)

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.

Trade active:

P2 order filled at $7307. Position Size 1N.
Stop Loss moved up to 2N of P2 at 6602. Exit (10 day low) currently at 6245.

Comment:

Stop Loss moved up to 6717 as a result of the 20 day volatility decreasing.
P3 moved down to 7420 for the same reason.

Note that price is approaching a critical level as we come up against the long term resistance which coincides with the 200 EMA.

Trade closed: stop reached:

Stop reached at $6714.4. Total loss on trade of %-2.58.

Overall gain on all Turtle trades now: +3.65%.
See summary