My Setup is:
Stop: 80 pips lower at 93.449
Entry: 94.249 (right now price has not hit my entry, so just set a buy limit above current prices and a stop limit at target/exit.
Target (Wick Fills of last three candles): 95.049
Yes, this is a 1:1 RR or Risk Reward
80 Box related to using Daily Time Frame
Double Pitchfork indicators- shows buying is stronger related to current trend is up and continuing this trend has more probabilities at this time.
Have Plan/ Trade Plan
Risk Management is always #1
Trading Forex is not about the pips per trade you make, but the risk per trade you take. If you have a high win rate, then 1:1 RR is okay- but if you do not have a 70% plus win rate- then look for setups with a 1:2 or higher RR per trade. Adjust your lot sizes to you risk reward per trade, should be 1% to 2% of account.
Stay Calm & Trade On!!!
Stop: 80 pips lower at 93.449
Entry: 94.249 (right now price has not hit my entry, so just set a buy limit above current prices and a stop limit at target/exit.
Target (Wick Fills of last three candles): 95.049
Yes, this is a 1:1 RR or Risk Reward
80 Box related to using Daily Time Frame
Double Pitchfork indicators- shows buying is stronger related to current trend is up and continuing this trend has more probabilities at this time.
Have Plan/ Trade Plan
Risk Management is always #1
Trading Forex is not about the pips per trade you make, but the risk per trade you take. If you have a high win rate, then 1:1 RR is okay- but if you do not have a 70% plus win rate- then look for setups with a 1:2 or higher RR per trade. Adjust your lot sizes to you risk reward per trade, should be 1% to 2% of account.
Stay Calm & Trade On!!!
Trade active
PA is going northbound or in right direction, could either close trade at end of today and/or swing trade into next session. Still a lot of room to continue going up per the daily timeframe and three candle wicks to the left.Trade active
Still in this trade, will swing it into next session. I do this 5% of time, mostly on Mon-Tues and/or Tues-Weds. Keep on keeping on-Trade closed: target reached
closed trade, swung it until hit target. Hope all are doing great.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.