36) IOT/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.

IOT dropped below the 20 day low as shown on the chart (pink box). Positions 1 & 2 have triggered at the levels shown. Note the price dropped so fast on Bitfinex that I didn't get a very good average price. Each with a 1N position size. P3 & P4 will trigger if price drop to the levels shown.

Stop Loss is set at 2N above P2 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.

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"Luck is what happens when preparation meets opportunity"
ノート
Since I didn't get P1 filled at the right level I have adjusted the level for P3 (1N from the actual P1). I have also decided to not place P4 as I think the potential gain from that position are likely to be minimal - unless of course we have a total collapse below the recent strong support (shown in black line).

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ノート
Exit dropped to 0.3377 so is now in play (below the SL):

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ノート
Price has fallen through the previous channel (red sloped lines) and has triggered P3 (which I have not traded as I am limiting exposure in these uncertain markets).

Target is still shown in black horizontal line.

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ノート
Exit dropped to 0.3241:

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ノート
Exit dropped to 0.3068 reducing maximum loss to <.5%.

In 4 days exit will lower to below positions bringing trade into guaranteed profit unless price reverses in the meantime.

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ノート
Exit dropped to 0.2983 making the trade at break-even in worst case.
ノート
Exit dropped to .2812. Trade now in guaranteed profit of min 1% (of equity) / 5.54% (for trade).

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トレード終了: 利益確定目標に到達
Boom. There she blows. Price reversed to hit exit at 0.28355.

Gain on trade of 0.84% of equity (5% on position).

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ATRSupport and ResistanceTrend Analysistrendfollowingturtletrader

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