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Moneymanagement

GBPUSD Target for Week of 5.9.22 and 12.9.22Hello all. Yellow box is my target for price to hit as the high of the week. will go short at this level. will be a swing trade idea. Expect price to retrace up for a couple weeks. So this may not get filled this week. But if it hits it this week, i will go short. normal risk. Note 1** seeing that as it is a swing trade, do not exceed your normal risk. losses can be magnified due to the larger SL. Note 2** If price structure looks good, I may take a Long as a day trade. update you guys here Safe Trading, Happy trading Plan your risk and trade position sizes accordingly. This is not trade advice, just an opinion on the markets. Trading can lead to excessive losses and complete loss of one's equity if not managed properly.
Short
by voxovFX
GBPUSD Swing Trade for week 5.9.22 or 12.9.22I see a retracement coming. big one at that. Next week could be an up week. If it doesn't, no prob cos we are still bearish on GU. Dont trade against the bigger trend. In case of a retracement that would be my entry. Normal risk. Safe Trading, Happy trading Plan your risk and trade position sizes accordingly. This is not trade advice, just an opinion on the markets. Trading can lead to excessive losses and complete loss of one's equity if not managed properly.
Short
by voxovFX
EURUSD Short 1/9/22 NFP weekManually closed the previous EU short. Bearish on EU and GU. Looking for a position trade entry. 2 plans as you can see in the charts. let trade 1 get Stopped out if it does. you only risk 1% here. If trade 2 gets triggered in, it pays the 1% back easily and more. Need active management for this if trade 1's entries get stopped out. Safe Trading, Happy trading Plan your risk and trade position sizes accordingly. This is not trade advice, just an opinion on the markets. Trading can lead to excessive losses and complete loss of one's equity if not managed properly.
Short
by voxovFX
EURUSD short for week 29.8.22Hello everyone, hope the weekend was good for you! price action was really positive last week. Look back and see 2 SL hit on EU and GU. but price both hit the target as it rallied as expected. SL placed slightly too tight, while one missed my entry by 7pips + spread. So overall happy with how last week went. This setup I'm looking for a nice entry to get 100pips for the week. if it retraces further, I will take my SL and look for another entry short. Stay tuned. normal risk for this trade. Safe Trading, Happy trading Plan your risk and trade position sizes accordingly. This is not trade advice, just an opinion on the markets. Trading can lead to excessive losses and complete loss of one's equity if not managed properly.
Short
by voxovFX
GBPUSD long 24.8.22Day scalp. looking to ride on a possible shakeout for a future short. Entered long at market. Yesterday's high is the primary target. refer to the previous idea on GBPUSD short for where I expect to go short. Take note of scaling out of the position. As i am going against my larger scale trend. remember to be only 25-50% of your normal risk in this position. Safe Trading, Happy trading Plan your risk and trade position sizes accordingly. This is not trade advice, just an opinion on the markets. Trading can lead to excessive losses and complete loss of one's equity if not managed properly.
Long
by voxovFX
GBPUSD Short for week 22.8.2022Hello and Good week everyone. Last week was great in terms of market direction. every pair went the right direction. just didnt give us an entry. This week we are still shorting GBPUSD. weekly objective. you can take partials off (half off is recommended) at the TP level, and let the rest run while moving SL to break even ONCE price hits TP level. Plan your risk and trade position sizes accordingly. This is not trade advice, just an opinion on the markets. Trading can lead to excessive losses and complete loss of one's equity if not managed properly.
Short
by voxovFX
2
BASIC MONEY MANAGEMENT - LOT SIZE - REVERSAL - ACCOUNT SIZEHey Everyone, A repost to remind newbies of some basic money management fundamentals. We see too many new traders trade with random lot sizes with no understanding on the impact it has on account sizes, which result in not only losses but BLOWN accounts. This post is by no means a risk or money management strategy but more so just basics on the movement of reversals and how the lot sizes impact the value of your account during this reversal. Trading with the right lot sizes allows a trader to manage their account/money when the trade goes against them. The right size allows a trader to move a range without blowing their account and without seeing their account reverse to the point of no equity. This type of trading gives traders anxiety and in return this anxiety impacts trading psychology . This then has a ripple effect and impacts your trading decisions and analysis. The example we show on the chart is an entry of SELL that reverses by 380 PIPs. This movement happened in literally 2 candles (1hour candles) , so in two hours the price from entry reversed by 380 pips. This example then shows what this equates to in monetary value dependent on lot sizes. The example shows that anyone with a £500 account trading this movement with a lot size of 0.20 would have blown their account. Lot size usage should be based on the size of your account for example; £500 size account - we will only use 0.01 size lot sizes with maximum deployed total no more than 0.05. This will allow an account to survive volatile movements. Also using stop losses on top of this setup further strengthens the risk management. £1000 size account - we will use 0.02 lot sizes with maximum deployed total no more then 0.10 any given time. £2000 size account - we will use 0.03 lot sizes with maximum deployed total no more then 0.30 any given time. £5000 size account - we will use 0.06 sizes with maximum deployed total no more then 0.50 any given time. Basically 0.10 for every £1000, as the total deployed usage allows us enough flexibility of movement on the chart and then using stop losses on top of this, gives us further control of our money management. We hope this quick basic insight helps some of the newbies better manage their lot size usage. Please like, comment and follow us to support our work, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSDEducation
by Goldviewfx
8
EURUSD Short 16.8.22Nice move yesterday in EU and GU. Good to see price moving the way we called it. 2 trade ideas for today. Scalp idea: trade 1. If we get stopped out of trade 1. wait for price to retrace more to trigger trade 2 in. 100% of your allocated risk/trade on this trade Weekly trade objective: Trade 2. reduce risk to 75% of your allocated risk per trade. Since now we are down for the day. 25% of allocated risk/trade for entry 1 50% of allocated risk/trade for entry 2 What would void this trade? if price went for the circled low first. We look for another entry. Plan your risk and trade position sizes accordingly. This is not trade advice, just an opinion on the markets. Trading can lead to excessive losses and complete loss of one's equity if not managed properly.
Short
by voxovFX
EURUSD Short33% of your allocated risk on entry 1. 67% of your allocated risk on entry 2. I like Entry 2 better. But will enter at entry 1 as well to avoid missing out a position. Thus more weightage on Entry 2. Smaller Position size on entry 1 due to larger SL. Simple money management ideas Plan your risk and trade position sizes accordingly. This is not trade advice, just an opinion on the markets. Trading can lead to excessive losses and complete loss of one's equity if not managed properly.
Short
by voxovFX
6