37) XRP/USD SHORT Turtle S1 Breakout trigger (10-Jan-18)
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For details of the strategy used for this trade (and historic performance) see linked trade below.
XRP dropped below the 20 day low as shown on the chart (pink box). Position 1 have triggered at the levels shown with a 1N position size. P2 - P4 will trigger if price drop to the levels shown.
Stop Loss is set at 2N above P1 at the level shown. The 10 day high Exit level (yellow box) is currently higher than the Stop Loss so is NOT in play.
Note that a potential target is the previous local low which is show as a 31% drop from my P1 entry level.
I will post updates below, so please smash the like and follow buttons!!
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"
XRP dropped below the 20 day low as shown on the chart (pink box). Position 1 have triggered at the levels shown with a 1N position size. P2 - P4 will trigger if price drop to the levels shown.
Stop Loss is set at 2N above P1 at the level shown. The 10 day high Exit level (yellow box) is currently higher than the Stop Loss so is NOT in play.
Note that a potential target is the previous local low which is show as a 31% drop from my P1 entry level.
I will post updates below, so please smash the like and follow buttons!!
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"
Note
I have decided to only place max 2 positions in case the price recovers from the top black horizontal support, rather than the lower one.Note
Exit dropped to 0.3534 so is now in play (below SL):Note
Price has dropped further so triggers P3. Exit will drop to level of top of the yellow box in two days time to limit potential loss (if price reverses).Note that the price has fallen through the channel drawn in red sloped lines, so price is likely to fall further. Targets are still shown in black (horizontal)
Note
Target 1 reached perfectly before retracing...Note
Exit dropped to 0.3413 reducing the maximum loss should price reverse...which it currently is!!Trade fermée: ordre d’arrêt atteint
Exit reached. Loss of 1.09%. See related idea below for summary of overall Gains/Losses on Turtle Strategy.
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