Setup number 2
Updated
Starting capital - 20000 USD
Risk Profile : Depends on the entry( Will update)
Risk - Depends on entry but less than 100 pips
Target - First target is 350 pips down
Account exposure - 1.5% i.e. 300USD
Potential Reward - 6%+ i.e. 1000USD+
Will update with the entry and stops when the trade is triggered. Remember, no breakdown of flag means no entry.
Cheers
Risk Profile : Depends on the entry( Will update)
Risk - Depends on entry but less than 100 pips
Target - First target is 350 pips down
Account exposure - 1.5% i.e. 300USD
Potential Reward - 6%+ i.e. 1000USD+
Will update with the entry and stops when the trade is triggered. Remember, no breakdown of flag means no entry.
Cheers
Comment
Trade active
stops moved to BEComment
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Comment
Comment
First position is risk freePotential reward from first position - 1000USD
Risk on the second position is 300USD of 1.5%
Stop loss entirely based on the flag as i mentioned but expecting less than a 50 pip stoploss
The way i calculate my position size is if i have 50 pip stoploss and i only risk 300usd per position, that means i can afford to open 0.6lots.
Potential profit on the second position is 600USD which is decent as the Risk:Reward is 1:2
Comment
2nd position moved to break even as wellTrade closed: target reached
Profit from first position 1000$Profit from second position 600$
Total Profit - 1600$
New Equity - 21,600$
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