34) IOT/USD LONG Turtle S1 Breakout trigger (20-Dec-18)
For details of the strategy used for this trade (and historic performance) see linked trade below.
IOT pushed above the 20 day high as shown on the chart (pink box). Positions 1, has triggered at the levels shown with a 1N position size. P2 & P3 will trigger if price rises to the levels shown.
Stop Loss is set at 2N below P1 at the levels shown. The 10 day high Exit level (yellow box) is currently lower 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"
IOT pushed above the 20 day high as shown on the chart (pink box). Positions 1, has triggered at the levels shown with a 1N position size. P2 & P3 will trigger if price rises to the levels shown.
Stop Loss is set at 2N below P1 at the levels shown. The 10 day high Exit level (yellow box) is currently lower 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"
Trade active:
Further Positions, P2 & P3 added. Both at 1N position size. Stop Loss for each position moved to 2N from last position (i.e. P3). Exit moved up slightly but is not in play.
Next update won't be for another 11 days (if trade still not hit Stop Loss) when Exit moves up above the Exit level.
Next update won't be for another 11 days (if trade still not hit Stop Loss) when Exit moves up above the Exit level.
Trade closed manually:
I have been looking recently at the Turtle rule that you do not make a trade if the previous trade was (or would have been) a winning trade. Previously I had ignored this rule as for my back testing on Crypto/USD pairs I had found it more profitable to not skip the trade. However looking into it further IF the follow on trade is LONG during a bear market then the trade fails more often.
Therefore I have decided to close this trade manually at a profit of 2.75%. I will consider jumping back into the trade at the 55 day high trigger if the price continues to rise.
Therefore I have decided to close this trade manually at a profit of 2.75%. I will consider jumping back into the trade at the 55 day high trigger if the price continues to rise.
