Recovery Trades
The recovery trades applied the following:
Keep in mind that current cycle is short UJ
1. Note the 3 by 0.2 lot Sell trades on the AU pair
2. Profit from these initial trades acts as a springboard and a buffer against possible loss when higher lot sizes are applied
3. Note 0.5 lots per entry now applied
4. Follow the sequence onto the UJ trades (hedging initially) then closed out the short continued with the long
5. Follow on with a 0.5 lot EA short
6. Follow on with 3 EU shorts @ 0.5 lots a piece
So recovery lot progression was:
0.02 lots initial
0.02*10 = 0.2 lots
0.2*2.5 = 0.5 lots
9 winners
1 BE
1 loss
Note: a lower ratio lot progression sequence is preferred but is relative to the traders skill.
Questions are welcome but make sure their purpose is to learn and not to be purely negative.
Masterrmind...........
The recovery trades applied the following:
Keep in mind that current cycle is short UJ
1. Note the 3 by 0.2 lot Sell trades on the AU pair
2. Profit from these initial trades acts as a springboard and a buffer against possible loss when higher lot sizes are applied
3. Note 0.5 lots per entry now applied
4. Follow the sequence onto the UJ trades (hedging initially) then closed out the short continued with the long
5. Follow on with a 0.5 lot EA short
6. Follow on with 3 EU shorts @ 0.5 lots a piece
So recovery lot progression was:
0.02 lots initial
0.02*10 = 0.2 lots
0.2*2.5 = 0.5 lots
9 winners
1 BE
1 loss
Note: a lower ratio lot progression sequence is preferred but is relative to the traders skill.
Questions are welcome but make sure their purpose is to learn and not to be purely negative.
Masterrmind...........
Master your Mind then Master your Trades