IOT/USD Short Turtle S1 Breakout trigger (14-Nov-18)

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

IOT broke below the 20 day low as shown on the chart (blue box). Positions 1, 2 & 3 have triggered at the levels shown with a 1N positions size.

Stop Loss is set at 2N above P3 at the levels shown. The 10 day high Exit level (yellow box) is higher than the Stop Loss so is NOT in play.

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"Luck is what happens when preparation meets opportunity"

Comment:

Exit moved down as shown below and is now in play as below the Stop Loss level:

Comment:

Exit moved down further to 0.43. Further minimising loss should price reverse.

Comment:

Exit moved down to 0.4234 as shown below:

Minimum P/L now:
P1: 0.42%
P2: 0%
P3 -0.43%

Comment:

Exit lowered to 0.4131.

Comment:

Exit lowered to 0.3434.

Minimum profit from trade now at approx 2.5%.

Comment:

Exit lowered to 0.3359. Minimum profit also increased to approx: 3%.

Comment:

Exit moved down to 0.3196. Minimum profit now increased to approx 3.5%

Comment:

Exit will be lowered to .3001 tomorrow. Minimum profit then increased to 3.75%.

Comment:

Exit lowered to 0.2936.

Trade closed manually:

I have decide to close this trade at 0.21727. 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 18%.

See Overview trade below for new overall profit level for this strategy.