EURUSD- 100 Dollar Challenge (Trade 3)
I was awaiting a bounce of the 200 EMA line on the 15M chart, and here we are. I have entered a short with somewhere over a 4:1 RR with a risk of 15%, because I believe we still have some downside to go. I will ride this trade down until clear reversal signals present themselves.
Symbol: EURUSD
Starting Balance: $100
Current Balance: $110.07
Position Size: 3302 units
Take Profit: 222.6 Pips ($73.50)
Percentage Profit: 69.23%
Stop Loss: 50 Pips ($16.51)
Percentage Loss: 15%
Entry Price: 1.1078
Profit Price: 1.08554
Stop Loss Price: 1.1128
Link to myfxbook: www.myfxbook.com/mem...ar-challenge/3453384
I have begun to take an interest in coaching people and giving private lessons on technicals for trading. I'm only doing this because I have confidence that I've developed strategies that make me a consistently profitable trader, and I'd love to teach anyone and everyone that feels that they are struggling. Please send me a private message if you are interested! I believe it's far more valuable that traders learn how to trade independently rather than depending on published Tradingview charts.
Symbol: EURUSD
Starting Balance: $100
Current Balance: $110.07
Position Size: 3302 units
Take Profit: 222.6 Pips ($73.50)
Percentage Profit: 69.23%
Stop Loss: 50 Pips ($16.51)
Percentage Loss: 15%
Entry Price: 1.1078
Profit Price: 1.08554
Stop Loss Price: 1.1128
Link to myfxbook: www.myfxbook.com/mem...ar-challenge/3453384
I have begun to take an interest in coaching people and giving private lessons on technicals for trading. I'm only doing this because I have confidence that I've developed strategies that make me a consistently profitable trader, and I'd love to teach anyone and everyone that feels that they are struggling. Please send me a private message if you are interested! I believe it's far more valuable that traders learn how to trade independently rather than depending on published Tradingview charts.
Comment:
Price is being quite stubborn, eh? Worst case scenario, I maybe simply shift my stop loss up a bit. I anticipate that this will reverse back down after doing some more testing to the upside and consolidation. I do not, however, have as much confidence in my original take profit. This may only manage to retest the previous established low.
Trade active:
Even though this trade has gone quite against me so far, i'm holding out to wait for a few critical reversals. If this fails, then I'll simply close the trade. I have confidence in the reversal down.