itme, you're doing awesome buddy.
High Risk/Low Reward Ratio Trading System 108 replies
High risk reward experiment 0 replies
Low Risk/High Reward trading 4 replies
Good reward/risk ratio experiment 20 replies
Results for Low Risk,High Reward 11 replies
Quoting itmeDislikedThanks for your comments, Trucco. I understand them perfectly, and totally agree. If I had had anything to add or disagree, then I would have said so. The real purpose of our thread is exactly what we have said all along - it is a learning experience for us. If others take it in this light, then they won't get the wrong idea. Perhaps others can learn along with us, and in addition, they might be alerted to some good trade opportunities.
But they can't expect all of the signals we generate to be winners. If we were already winning all of our trade predictions, then there would be no need to be doing this experiment and learning process!!! We would be long since sipping pina coladas on the beach in the Carribean, or feeding the hungry masses.
And any suggestions or ideas from the community are welcome and appreciated. Keep them coming. We are curious what others think of what we are doing, or if someone can suggest an improvement to our methods.Ignored
Quoting itmeDislikedGiven that we see the GBP/USD rising to 1.8458 and then falling 158 pips, it is not unlikely that USD/CAD could rise again to new highs tomorrow or after the release of the morning trade data, particularly if the trade data for the USA tomorrow morning is favorable to the USA. We predict that USD / CAD will fall to about 1.1165 while GBP/USD rises. A conservative trader could exit USD/CAD at about that price and pocket about 70 pips in profit. The higher risk taker, or someone convinced that USD/CAD will fall for whatever reasons, can stay in the trade. The inbetween trader could raise their stop to zero risk and then just let the trade ride to see whether it will meet its target without being stopped out.
In any case, it is necessary to Raise the stop to 1.1175
Original trade signal:
Thursday 6/8/2006 13:15 ET
TS#94 Sell USD/CAD at 1.1240 - 1.1250
Stop is 1.1265
Target #1 is is 1.1100
Target #2 is is 1.1040
Target #3 is is 1.0935
Risk is max. 30 pips
Reward is min. 135 / 195 / 300 pips (T1, T2, T3)
Reward : Risk ratio is min. 4.5 to 1 (T#1) and 6.5 (T#2) and 10 to 1 (T#3)
For research purposes only.Ignored
Quoting danegg7Dislikeditme, you're doing awesome buddy.Ignored
Quoting itmeDislikedFriday 6/9/2006 9:00 ET
USD/CAD has come to a viable pivot point in between Target #1 and Target #2 at 1.1070. We suggest taking some or all of profits would be wise at this point, as there is no guarantee of further downwards travel. Profit at this stage, after spread is paid, is 170 - 180 pips.
Exit at 1.1070
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Original trade signal:
Friday 6/9/2006 7:30 ET
TS#94 Sell USD/CAD at 1.1240 - 1.1250
Stop is 1.1265
Target #1 is is 1.1100
Target #2 is is 1.1040
Target #3 is is 1.0935
For research purposes only.Ignored