Good morning.
Breaking down my charts on a weekend as always, scoping out my entries for the week ahead. I am documenting a challenge for people new to trading which will be on youtube (£200-£1000) in 4 weeks. Eight days in and we are at the £750 mark!. If i get good reviews and response I will do a video of how I enter my trades. Please check out my educational idea on my profile to see one of the best ways small account holders can massively grow their accounts within minimum risk and low leveraging.
This looks like a nice set up for a short entry. I am in favor of 1.5000 but not yet! lets see the chart complete itself and get that breakout to the upside. With all this noise I do see a short set up with a very nice r/r. I will take trades like these all day long. I never see the point in entering a trade with a 1:1 r/r. You can lose trades like these over and over and with only risking 1-4% of your account the losses won't make much of an impact where as the wins can massively grow your account because the r/r is good!. When you get your zones plotted correctly too it highly increases your chance of these small stop losses from even being triggered. Just take a look at all my jpy trades this week, they all had minuscule stop losses but big take profit zones which were all hit!.
Hope you all are keeping healthy and safe during these times x
Breaking down my charts on a weekend as always, scoping out my entries for the week ahead. I am documenting a challenge for people new to trading which will be on youtube (£200-£1000) in 4 weeks. Eight days in and we are at the £750 mark!. If i get good reviews and response I will do a video of how I enter my trades. Please check out my educational idea on my profile to see one of the best ways small account holders can massively grow their accounts within minimum risk and low leveraging.
This looks like a nice set up for a short entry. I am in favor of 1.5000 but not yet! lets see the chart complete itself and get that breakout to the upside. With all this noise I do see a short set up with a very nice r/r. I will take trades like these all day long. I never see the point in entering a trade with a 1:1 r/r. You can lose trades like these over and over and with only risking 1-4% of your account the losses won't make much of an impact where as the wins can massively grow your account because the r/r is good!. When you get your zones plotted correctly too it highly increases your chance of these small stop losses from even being triggered. Just take a look at all my jpy trades this week, they all had minuscule stop losses but big take profit zones which were all hit!.
Hope you all are keeping healthy and safe during these times x