Just entered this trade 23 pips profit and stop at breakeven
![](https://resources.faireconomy.media/images/emojis/64/1f609.png?v=15.1)
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EUR/USD Trading Price Action System 2 replies
DislikedI'm decreasing risk to 2% per trade from now on. My broker doesn't offer enough leverage to risk 5% per trade on the 5M charts. That will make for about 8% exposure at any given time maximum.
I'm trading four pairs and projecting based on history an average of 3 trades per day per pair at a 50%-66% hit rate. Assuming I only win 50% that is 12 trades with 6 wins and 6 losses at a 3:1 RR. That should be about 24% a day on average.
That sounds absolutely ridiculous. But, oh well. My account is small, though with those numbers it won't be for long,...Ignored
DislikedHi,
I am new to this thread but would suggest with the chart you put up the trend is clearly sieways so I do not believe it is a good one if you are new perhaps you could look for a retracement in a trending market?
Maybe the old hands can shed more lightIgnored
DislikedWish you all patience and discipline for hunting those green pips today
UdineIgnored
DislikedAnd they did. Done for the day
Assume you're on schedule as well ??
UdineIgnored
DislikedGo back to yesterdays post i made to Whistlepips about the kind of returns for H4 charts....look at the pairs i had open and still do have open at this moment....how much more PROFITS am i in? lol So YES
**EDIT** For got to add the "Song"..........Ride the TREND TO THE END! lol
http://www.youtube.com/watch?v=LiE1VgWdcQMIgnored
Dislikedthen you must be going to the bank, not only with a big smile, but also with wheelbarrow and shovel
UdineIgnored
DislikedGood Trade Checkz!Protect your capital once a profit has been made....Smart Money Management!
Ignored
DislikedThank You Dred for the system
It is so easy to make money with this system
Two trades for the day..Ignored
DislikedI dont really trade this pair but since a chart was posted about it i thought i would take a trade on it just for shits and giggles to make a profit on something other then the majors i trade.
Everything was good but the stoch but looking to the left of the chart you can see a CLEAR S&R level as price hit this level yesterday and FLEW up in price...so hoping this is where the SMART money is.Ignored
DislikedI also took this at the demand level but treated it as a scalp due to euro hitting higher time frame supply against the dollar. When the euro starts weakening against the dollar and the JPY is stronger than the dollar, then this is usually reflected in the eurjpy with a weakening euro against the jpy as well. Nicely spotted though and I like how your method can be easily combined with trading supply and demand and the indicators provide a psychological tool for decision making at those levels for confirmation trades.Ignored