Trading Signal
Short Position (EP) : 18.15
Stop Loss (SL) : 18.29
Take Profit (TP) : 17.87
Description
formed Turtle soup at 1H time frame. Trade setup with sell stop at previous high and place stop loss at new high.
Once the position was hit, place take profit below 2X of (EP-SL)
Money Management
Money in portfolio : $700
Risk Management (1%) : $7
Position Sizing
1 NEO = $18.15
EP to SL = 0.14 Tick
EP to TP = 0.28 Tick
So; Token size to open = 50 NEO
Expected Result
Loss = -$7
Gain = +$14
Risk/Reward Ratio = 2
Short Position (EP) : 18.15
Stop Loss (SL) : 18.29
Take Profit (TP) : 17.87
Description
formed Turtle soup at 1H time frame. Trade setup with sell stop at previous high and place stop loss at new high.
Once the position was hit, place take profit below 2X of (EP-SL)
Money Management
Money in portfolio : $700
Risk Management (1%) : $7
Position Sizing
1 NEO = $18.15
EP to SL = 0.14 Tick
EP to TP = 0.28 Tick
So; Token size to open = 50 NEO
Expected Result
Loss = -$7
Gain = +$14
Risk/Reward Ratio = 2
Comment:
Should be cancel order, because over 2 bar EP following TTS formed but this case missed closed