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RISK 2 REWARD ratio is the key I know almost every trader has asked themselves these questions: How come I keep losing?! WHY?! Why do I keep getting stopped out?! Why is it taking so long? ! Is it even possible?! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Today I have some good news for you maybe you already know this maybe you don't, but this is for those folks who do not know the power of a good Risk to Reward ratio. Let me tell something real quick you do not have a 80% winning rate not 70% I am going to say not even a 50% winning rate to be profitable ( Hold ON A MINUTE man HOLD the bus man... serious) dead serious. With a risk to reward ratio of 1:2.5 you only need to win 30% of your trades to be profitable ( see below ) SAY YOU execute 10 trades and you only win 3 so essentially 30% LOST:7 WON:3 Total loss: Total profit: 7 * 1 = 7 3 *2.5 = 7.5 Total profit - Total loss = +0.5 Now even though 0.5 is not a lot at least it's not a loss. But there are a few things extra to keep in mind : 1) Your risk to reward has to stay the same for the period of the 10 trades 2) Your lot size needs to stay the same 3) AND as possible try to keep the amount of pips the same for your ratio because it does not help if you win 3 trades and you decided to set one of your positions SL as 100 pips and its TP as 250 pips and the rest of the positions SL as 20 pips and TP as 50 pips. If you lose the the big trade and hit the SL of a 100 pips its gonna through everything out of wack. So be sure to try and keep everything as consistent as possible and it will be a matter of time before you see profits. Trade with H
by Trade_with_H
Bearish in USDCAD?Hey traders, perfect setup for me on USDCAD. On all timeframes we can see beautiful pressure from Bears on this currency. On 4H timeframe we got double top pattern, and from that point we see beautiful impulse to the downside! Right now we got a flat flag (continuation pattern) and nice support level on 1H timeframe. Actually we already broke that level so waiting for a pullback, and gonna try to open the order! So my target on this one 1.3000! What do you think...?
Short
by Infinity_Limits_Trade
SPX 500 MIDWEEK UPDATE 09 09 2020Hi Traders, can you believe how nasdaq100 is behaving. Great right? Only great if you saw the NAS support being broken and took the sell trade and filled TP1 and TP2. so if you did you could have made a minimum of 233 and 400 pips, which is easy over $600 on a 1.0 lot size. Anyway Traders, follow the signals of support and resistance on the video and take your trades accordingly. Bottomline is We know our Numbers. We will do an update just as the market closes this week. Cheers to your Profits !
FX:SPX500Short
by ROWLANDSDUKI
Three Drives Harmonic Chart PatternThe three drivers chart pattern is a well known harmonic chart pattern that acts as a trend reversal. The pattern consists of either three higher highs or lower lows which is an indication of a potential trend reversal. There are two different types of three drives pattern: Bullish Bearish Bullish Three Drives Pattern There are three different waves in the pattern as the name suggests, three drives. With the subsequent drives, there are lower lows that are being formulated in the pattern with three different bottoms. Once the third wave is completed and the low point has been observed, a buy signal can be created with formulating the Fibonacci levels and generating the buy signal with a Fibonacci extension of 1.27 or 1.628. For the stop-loss and take profit levels, you can formulate a new Fibonacci level with the start and end of the pattern and keep 161.8% as the stop-loss level and 61.8% as the take profit level. The important point that confirms the drives is a similar time period between the uptrend after the 1st wave and 2nd wave also a similar time period between the 2nd wane and 3rd wave for the downtrend. The bearish three drives pattern is completely opposite of the bullish three dives pattern and can be spotted in a similar manner. The three drives pattern belongs to the family of harmonic patterns and thus makes use of not just chart patterns but also technical retracement levels to validate the pattern. A three-drive pattern that does not meet the retracement criteria can be discarded. The pattern is therefore qualitative as well as quantitative in nature. ---------------------------------------------------------------------------------------- If you find the post useful, please like and share our ideas with the community! - Mudrex
COINBASE:BTCUSDEducation
by Mudrex
5
DOWN ON UPTREND LINE THEN PULLBACK UP - VERY SOON - AAPL - DAILYFrom the last analysis on the AAPL we can see that the market has decided to get out the range on 30MN for a very long uptrend. The last decisions have impulsed the price of AAPL in an exponential move. BUT, we have seen last week a push from sellers, a very strong one, probably showing a zone in which you can start thinking of taken your profits. The former resistance center dark blue uptrend line becomes now a strong support. The is strong probability to see the market coming back to it for a pullback. Still, the market have some room to another horizontal level, less like ly to happen now, but still possible, it is markets by a black dotted line with red dots at the end. This level has been the key point where the buyers kicked out all seller. They then disappeared, now they are back but different people, those present now are the ones getting there profits from the last exponential move. The next month will see some nice movement on AAPL, all the red lines on the graph are probable good entries for a long direction trade, that is why this post will be market as a LONG direction probable trend overall even if we will see a little slope before the next rise.
NASDAQ:AAPLLong
by Diallo_Charts_Ideas