BTC/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.
BTC (XBT) 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.
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"
BTC (XBT) 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.
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"
Comment:
Exit moved down to 5705 as shown below (and is now in play as below the stop level). Note the key support/resistant levels drawn in black horizontal lines. The 3050 level is the -0.272 fib level of the move from $20000 down to $6000. This could mark the bottom of the move.
Comment:
Exit moved down further to 5591.3.
Comment:
Exit moved down again to 4944.4.
Trade positions now in minimum profit of approx 8.5%.
Trade positions now in minimum profit of approx 8.5%.
Comment:
Exit moved down again to 4682.
Trade positions now in minimum profit of 10.5%.
Trade positions now in minimum profit of 10.5%.
Comment:
Exit moved down to 4485.
Trade positions now in minimum profit of 11.5%.
Trade positions now in minimum profit of 11.5%.
Comment:
Exit moved down to 4343.
Trade position now in minimum profit of 12.5%.
Trade position now in minimum profit of 12.5%.
Comment:
Exit dropped slightly to 4329 which increases the minimum gain slightly.
I have added the % gain price range drawing tool for the Exit level (in yellow) and the next Long Trigger signal (in purple) - remember according to the Turtle rules this will be active if the price breaks a 20 day high.
If the price rises to within approx 1000 points (dollars) of the 20 day high then I will start to place my positions for this trade. The biggest daily move over the past month has been <1000 points.
I have added the % gain price range drawing tool for the Exit level (in yellow) and the next Long Trigger signal (in purple) - remember according to the Turtle rules this will be active if the price breaks a 20 day high.
If the price rises to within approx 1000 points (dollars) of the 20 day high then I will start to place my positions for this trade. The biggest daily move over the past month has been <1000 points.
Comment:
Exit will move down further to 4158 tomorrow. Minimum gain now at 14%.
Comment:
Exit moved down to 4100.
Trade closed manually:
I have decide to close this trade at 3255. 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 49.36%.
See Overview trade below for new overall profit level for this strategy.
Total profit on trade of 49.36%.
See Overview trade below for new overall profit level for this strategy.
