EOS DAY CRYPTO STRATEGY

Step #1: EOS coin price must make a new 20-bars low
You have to wait until cryptocurrency EOS makes a new 20-bars low.
This is essential because we want to make sure that the prevailing trend is “well established.”
The only reason why we trade against the original 20-bar rule is because we know that the original Turtle system has a very low win rate. So, you can make a failed pattern work for you if you do the exact opposite thing of what the initial pattern was supposed to do.
Step #2: The previous low must have occurred at least 4 bars earlier than the current 20-bar low
The second rule that needs to be satisfied before pulling our trigger is that the previous low must happen at least 4 bars earlier than the current 20-bar low.
Basically, this trading rule is trying to point out that we need the EOS price to have a sharp move when it does the 20-day low.
Why do we need the EOS price to have an abrupt move?
If you’re an avid reader of our TSG blog, you probably know through our teachings that the more reliable reversal happens after a trend ends with a sharp move.
The Turtle Soup reversal pattern satisfies all trading conditions outlined above which mean that we can move forward and describe how to buy EOS coin.
Step #3: How to buy EOS: After the market drops below the 20-bar low, place a buy order above the prior 20-bar high
Now, the original Turtle Soup pattern uses a slightly different entry method. Instead of buying at the prior 20-bar low we buy at the previous 20-bar high.
This entry strategy ensures that we’re getting into the market while the market has stopped falling and it’s starting to get traction on the upside. This is one way we’re going to capture the potential trend reversal.
Important note* If the buy EOS order is not triggered during the same day you must cancel the order
Secondly, when trading EOS tokens with our strategy, your entry will be not too far from the low, which means that you’ll be able to use a very tight stop loss.
Step #4: Place your protective Stop Loss below the current swing low
After the buy EOS order is triggered, you have to place your initial stop loss below the current swing low. If the EOS price makes a new low, then we want to get out of our trade because the Turtle Soup pattern got invalidated.
This cryptocurrency strategy allows us to maintain a very low risk profile on all of our trades. Professional traders and hedge fund managers always look first to protect their capital and this trading strategy enable you to accomplish that for yourself.
Step #5: Take profit when you can count 20 bars from the 20-bar low or use your own exit strategy
Again, our exit strategy is slightly different than the original Turtle Soup system. We take profits after the market has advanced at least 20 bars from the 20-bar low.
Alternatively, you can use the initial exit strategy which requires for you to trail your stop loss. Due to the volatility of this reversal pattern your trade will last on average between 4 hours and a few days, so trade with caution.
Note** the above was an example of a BUY trade using our EOS cryptocurrency strategy. Use the same rules for a SELL trade – but in reverse.
PM me if you would like to read the complete strategy.