What is an "R"? Discover the Most Popular Way to Manage RiskUsing R multiples is one of the most widely used strategies by professional traders for managing risk and tracking results. The R multiple concept is extremely easy to use and implement into your own strategy. With this simple idea, money management will become a breeze! If you have any questions or comments I would love to hear them!
Rmultiple
10 R trade planned on EURUSDEIGHTCAP:EURUSD
I’m anticipating a pullback into a discounted market before price is taken up towards the daily chart mean threshold, which is also around ATR and a bearish order block. Two positions will be taken. Take profit 1 at support and the other at the confluence junction.
Happy Trading!
The Meditrader