|
One of the best moves in the currency market happened this week on GBP/JPY. First Chart below shows the trade level for this cross very early this week, with very low risk to reward. why it that happened because I took long in the bullish market in the M15 time frame. Very classic approach to long from lower level on the consolidation area from 140.81 level. The second chart below shows the result after only 3 days in the hourly time frame. currently, price is in the 183.80. so now it is time to do the math and find the exact risk to reward ratio which is about 1 to 15. It means I risk 1% of my capital, and now gain 15% of my account, yes more than 300 pips in just 3 days.  
1 Comment
 This is the recent trade by one of my student on the EUR/USD on hourly time frame. As you can see in the chart above, price broke very clean level 1.0674, then came back touch the level. You see the entry point as well as, stop loss. Take profit sat to the 1 to 2 risk to reward ratio.
You may found out the position size which is 0.24 standard lot. Well-done Bita. |
|
Risk Disclosure
DISCLAIMER: Futures, stocks, Forex, and options trading involves substantial risk of loss and is not suitable for every investor. The valuation of futures, stocks, Forex, and options may fluctuate, and, as a result, clients may lose more than their original investment. The impact of seasonal and geopolitical events is already factored into market prices. The highly leveraged nature of futures trading means that small market movements will have a great impact on your trading account and this can work against you, leading to large losses or can work for you, leading to large gains. You are responsible for all the risks and financial resources you use and for the chosen trading system. You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent advice from your financial advisor. Copyright © 2014-2024
|
|