morshedul.sazid
Short

EURUSD POSSIBLE DOWNTREND CONTINUATION

FX:EURUSD   Euro Fx/U.S. Dollar
889 7 40
Bearish Bat found in trend continuation. Market created a LL and now about to create a LH, if we dont get a violation of the previous LH then we will have a perfect bat pattern for sell.

Unbreakable Rules
1. Never add to a losing position.
2. Never risk more than 10 percent of your trading capital on any one trade.
3. Always have a protective stop in the market.


Guidelines
1. Never close a trade without a reason.
2. Take responsibility for your trades.
3. Markets that have higher lows are in uptrends. Markets that have lower highs are in downtrends.
4. Always do your analysis prior to the market open
Great (Y)
+1 Reply
morshedul.sazid abrar.ahmed1408
a year ago
Cheers! man
Reply
Please Place BE and hold!
Reply
Lanmar PRO
a year ago
Agree with the trade.. but never risk more than 10% risk on a single trade? I'm sure you don't mean risk losing 10% of your capital per trade. Careful with that advice. It might be misinterpreted. 5 losing trades and you're in a 50% drawdown.
+1 Reply
morshedul.sazid Lanmar
a year ago
Sure is, It depends on individuals! actually, I normally do not trade more than 2% risk/ trade, but there are few traders who says 2%?
Are you kidding me? well, just because I told 10% there, does not mean that we have too use it consistently, Its the max limit we can use, but not more than that ever.
Cheers.
Reply
Lanmar PRO morshedul.sazid
a year ago
I understand. I guess that's what differentiates a great trader from another. Knowing when to use much more leverage than the norm.
+1 Reply
morshedul.sazid Lanmar
a year ago
Exactly! :)
Reply
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