Price broke out of the resistance level, so, buy.
I adjusted some things. I am taking 2R TP instead of 1.5R TP.
I will be marking this new TP arrangement with the marking in the title with "2R" at the back.
I would also be opening a new account, maybe on oanda demo account to tabulate the PNL.
1010SGT 05032025
I adjusted some things. I am taking 2R TP instead of 1.5R TP.
I will be marking this new TP arrangement with the marking in the title with "2R" at the back.
I would also be opening a new account, maybe on oanda demo account to tabulate the PNL.
1010SGT 05032025
Trade active
Assuming my win rate is 40% and I take 2R.40 x 2R = 80R
80R - 60%(loss rate) = +20R #profit
Then, in my other account when I take the opposite side(60% loss rate into 60% winrate).
60% x 2R = 120R
120R - 40%(win rate) = +80R #profit
Does it work? Not sure.
Now I am trading on my Oanda demo account.
1023SGT 05032025
Trade closed: stop reached
-1R won again.I think I am back on track.
I need to keep it simple.
2017SGT 06032025
I made a max of about +3.5R on my oanda mt4 for the past two weeks or so, and dropped down to 97k or so, dropping -6.5R or so, from the highs, but today, I recovered and went back to 103.5k again, after taking +2R TP, and taking things with the overall trend.
2018SGT 06032025
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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.