FX:EURGBP   Euro Fx/British Pound
40 2 1
We have a short signal
I like your idea, however, with such a large risk and only 1:1 reward
a trade would have to be successful in the area of 70% of the time
or higher to achieve a reasonable profit success.
(at a more reasonable 50% chance you'd just break even)
Perhaps a stop on a close above the 100 ma - or a price of say 20 pips
above -- would indicate this pair's
strength to move higher thus reducing the risk and making the reward
closer to 1:3
Wishing you lots of pips in 2014 !!!!
Reply
alexfx dojitrader
hi dojitrader, yes I agree with you, it is a trade of low quality with a risk-reward ratio of 1. If you can consider that no all the trades has R-R ratio of , sometimes you got a better trades that this one. And because the fundamentals, you have a big chance that the euro goes down and the GBP stronger. Thank you, keep in touch.
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