Wow. That is a crazy risk/reward! We are just wondering how do you determine where to put your stop loss?
We have the same view and nearly the same analysis as you!
Check out our charts!
Kinghulk
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@FXCM, actually that is not the biggest i have done in terms of risk reward i have done several 1:100 ... but my usual targets are 1:10 risk reward with a very good win rate which combined with the risk reward i have seen immerse growth, so how i put my stop loss i consider several sets of trading patterns and technical analysis ...a combination of chart and candlestick patterns and that is also accompanied by a set of technical analysis.
transparent-fx
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here is my overall view for GbpJPy
Kinghulk
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@transparent-fx, i also have the same view , i like looking for two possibilities in each trade
CoinCaller
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I hope this comes in for you. Would definitely be one for the record books :) I have a similar view.
Kinghulk
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@DanIrvin, i hope so too bro but i took two trades one percent risk each closed one yesterday at 1:10 and am letting the other run...
CoinCaller
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@Kinghulk, Smart. atleast you have made some money for being partially right. 1% risk on the table is more than enough.