XRPUSD Short Turtle S1 Breakout trigger (06-Aug-18)
XRP has broken down again and fallen below its 20 day low so I'm again entering into a Turtle trading short. For full details on the methodology I follow in this trade see the IOTUSD 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 orders placed.
Position Size: 1N per position
Stop Loss as shown (this is equal to 2N of P1). Note: If P2 & P3 trigger then the SL will move and I will show this in an update to this trade.
Exit: 10 day low as shown. Notice that this will trigger before the SL unless the SL moves with subsequent positions.
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) IOTUSD Long (Closed on 11-Jun-18), 2% Loss
2) XRPUSD Short (Closed on 03-July-18), 0.45% Loss
3) ETHUSD Short (Closed on 03-July-18) 1.15% Loss
4) IOTUSD Short (11-Jun-18) (Closed on 03-Jul-18) 1.38% Gain
5) BTCUSD Short (Closed on 03-Jul-18) 0.65% Gain
6) BTCUSD Long (Closed on 03-Aug-18) 0.61% Loss
7) ETHUSD Long (Closed on 31-July-18) 2% Loss
8) XRPUSD Long (17-July-18) 2.11% Loss
9) ETHUSD Short (01-Aug-18) ACTIVE
10) IOTUSD Short (03-Aug-18) ACTIVE
11) XRPUSD Short (this trade - 06-Aug-18) ACTIVE
Overall 7.81% Loss.
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.
As for this trade:
P1 triggered as shown on the chart. P2 & P3 unit orders placed.
Position Size: 1N per position
Stop Loss as shown (this is equal to 2N of P1). Note: If P2 & P3 trigger then the SL will move and I will show this in an update to this trade.
Exit: 10 day low as shown. Notice that this will trigger before the SL unless the SL moves with subsequent positions.
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) IOTUSD Long (Closed on 11-Jun-18), 2% Loss
2) XRPUSD Short (Closed on 03-July-18), 0.45% Loss
3) ETHUSD Short (Closed on 03-July-18) 1.15% Loss
4) IOTUSD Short (11-Jun-18) (Closed on 03-Jul-18) 1.38% Gain
5) BTCUSD Short (Closed on 03-Jul-18) 0.65% Gain
6) BTCUSD Long (Closed on 03-Aug-18) 0.61% Loss
7) ETHUSD Long (Closed on 31-July-18) 2% Loss
8) XRPUSD Long (17-July-18) 2.11% Loss
9) ETHUSD Short (01-Aug-18) ACTIVE
10) IOTUSD Short (03-Aug-18) ACTIVE
11) XRPUSD Short (this trade - 06-Aug-18) ACTIVE
Overall 7.81% Loss.
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 triggered at 0.41205.
SL for all trades is now 0.4633
Exit is 0.4632 so all trades will be exited at this new level.
SL for all trades is now 0.4633
Exit is 0.4632 so all trades will be exited at this new level.
Comment:
Exit moved down to 0.44601 so this will now trigger before the SL.
Comment:
Exit moved down to 0.4375.
Maximum Loss/Gain is now P1: -0.48% & P2 -0.99% & P3 -1.5%.
Maximum Loss/Gain is now P1: -0.48% & P2 -0.99% & P3 -1.5%.
Comment:
Exit moved down to 0.41571.
Maximum Loss/Gain is now P1: +0.37% & P2 -0.14% & P3 -0.65%.
Maximum Loss/Gain is now P1: +0.37% & P2 -0.14% & P3 -0.65%.
Comment:
Exit moved down to 0.3742.
Trade is now in guaranteed profit. Minimum Gain is now P1: +1.99% & P2 +1.48% & P3 +0.96%.
Trade is now in guaranteed profit. Minimum Gain is now P1: +1.99% & P2 +1.48% & P3 +0.96%.
Comment:
Exit moved down to 0.35720.
Trade is now in guaranteed profit. Minimum Gain is now P1: +2.65% & P2 +2.14% & P3 +1.63%.
Trade is now in guaranteed profit. Minimum Gain is now P1: +2.65% & P2 +2.14% & P3 +1.63%.
Comment:
Stop moved down to 0.3249 based on the new 20 day low.
Minimum Gain is now P1: +3.91% & P2 +3.40% & P3 +2.89%.
Minimum Gain is now P1: +3.91% & P2 +3.40% & P3 +2.89%.
Comment:
Comment:
Exit moved down to .030510 (high of past 10 days) as shown below.
Trade now in guaranteed minimum profit of:
P1 - 4.68%
P2 - 4.17%
P3 - 3.66%
Trade now in guaranteed minimum profit of:
P1 - 4.68%
P2 - 4.17%
P3 - 3.66%
Trade closed: target reached:
Trade closed as exit reached. Positions closed at 0.30564.
Final position profits are:
P1: 4.66%
P2: 4.15%
P3: 3.64%
Overall position gain: 12.45%. Nice little earner.
Overall gain on all turtle trades is 16.09%
Final position profits are:
P1: 4.66%
P2: 4.15%
P3: 3.64%
Overall position gain: 12.45%. Nice little earner.
Overall gain on all turtle trades is 16.09%
SL for all trades is now at 0.4502 (Exit level remains same so the SL will now trigger first if the price reverses).