Trade details are shown on the chart.
TP target was hit a few hours after post.
This strategy is a 1:1 RR with a strong win rate which makes for nice consistent gains.
Other trades shared this week have hit SL and don't look as successful or impressive.
But that is just a one trade insight of a strategy.
Some of the other trade ideas shared this week have more proven profit than the pair in question here.
That's because despite lesser win rates the risk reward ratio is higher.
It's worth remembering a strategy can have a low win rate but still be more profitable than one with a high win rate!
We as traders have to decide how we are comfortable trading and choose a mindset.
As always trade history can be seen below this trade idea too for full transparency.
Having this back tested data enables me to know the way I trade a pair has a proven edge or not.
Go check out the test data on other ideas that have hit stop loss this week you will be surprised how profitable they are with lower win rates.
------------------------------------------
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM .
The stats for this pair are shown below too.
Thank you.
Darren
TP target was hit a few hours after post.
This strategy is a 1:1 RR with a strong win rate which makes for nice consistent gains.
Other trades shared this week have hit SL and don't look as successful or impressive.
But that is just a one trade insight of a strategy.
Some of the other trade ideas shared this week have more proven profit than the pair in question here.
That's because despite lesser win rates the risk reward ratio is higher.
It's worth remembering a strategy can have a low win rate but still be more profitable than one with a high win rate!
We as traders have to decide how we are comfortable trading and choose a mindset.
As always trade history can be seen below this trade idea too for full transparency.
Having this back tested data enables me to know the way I trade a pair has a proven edge or not.
Go check out the test data on other ideas that have hit stop loss this week you will be surprised how profitable they are with lower win rates.
------------------------------------------
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM .
The stats for this pair are shown below too.
Thank you.
Darren
