bigbax699
Corporal
- Messages
- 49
Its the weekend so time to reflect back on the trade opportunities from the previous week. On Monday i gave the sell call from 144.596 clearly on my chart. I was looking for the short down to the blue circled area of about 300 pips to the bottom of that channel to the .618 fib. Now just because it reached there doesnt mean you just instantly get out of the trade.
To max profits you should leave a runner position open and either close on price reversing, or bringing down your stop loss to get stopped out. Well with these markets the past week the moves across the board have been INCREDIBLE, Huge move happening, GJ just kept dropping and dropping thanks to Nikkei falling and the corona virus. Finally price got down to 700 pips, thats one week from monday to friday on one pair.
This is a lesson to everyone how to earn maximum profits from your trades and to leave an extra position open as a runner or close half of your initial position. Tomorrow i will look at a pair that didnt go as expected. But this GJ of a potential 1:10 R:R was awesome
To max profits you should leave a runner position open and either close on price reversing, or bringing down your stop loss to get stopped out. Well with these markets the past week the moves across the board have been INCREDIBLE, Huge move happening, GJ just kept dropping and dropping thanks to Nikkei falling and the corona virus. Finally price got down to 700 pips, thats one week from monday to friday on one pair.
This is a lesson to everyone how to earn maximum profits from your trades and to leave an extra position open as a runner or close half of your initial position. Tomorrow i will look at a pair that didnt go as expected. But this GJ of a potential 1:10 R:R was awesome