- Joined Jun 2009 | Status: <-That's how u gonna b, in the END! | 1,509 Posts
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
Scripts for Limit entry, Stop entry, Market entry 46 replies
What's your TP? Fixed reward vs dynamic reward 5 replies
Rationale behind "Risk Per Trade" and "Risk/Reward Ratio"? 8 replies
Risk Reward Ratio and Account Risk 30 replies
Weekly Forex Entry With Hi Reward.. 2 replies
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Review Statistics:
Pips offside on entry/Downdraw: 1
Targets Hit: 3/3 [4:1]
Maximum Amount of pips from the move: 76
Maximum Amount of pips in target(s): 67
Amount of Move Taken: 88%
Amount of pips covered by trailing on thrust candles*: 34
Comments:
I took profit at 2:1 after the initial rebound from this level was far to fast to sustain a significant move higher. Then I used half a position when price retested this level and all take profits were covered. The fact that this level held twice was no surprise after a day of sterling weakness, profits had to be taken.
After the trade had taken place and committed the second time, a breakout through 16391 was probable [to continue the trend], as such a level breaking would show sterling weakness. I'll teach you the london breakout once I have this thread sorted.