Trading Signal
Short Position (EP) : 0.49453
Stop Loss (SL) : 0.50203
Take Profit (TP) : 0.47953
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 XRP = $0.49453
EP to SL = 0.0075 Tick
EP to TP = 0.015 Tick
So; Token size to open = 1,000 XRP
Expected Result
Loss = -$7.5
Gain = +$15
Risk/Reward Ratio = 2
Short Position (EP) : 0.49453
Stop Loss (SL) : 0.50203
Take Profit (TP) : 0.47953
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 XRP = $0.49453
EP to SL = 0.0075 Tick
EP to TP = 0.015 Tick
So; Token size to open = 1,000 XRP
Expected Result
Loss = -$7.5
Gain = +$15
Risk/Reward Ratio = 2