glennmercer
Long

GBPUSD Long - Could Reverse Here

FX:GBPUSD   British Pound / U.S. Dollar
HUGE R on this trade (100+). Low risk entry in my opinion. Been waiting for awhile to enter on this, looks like a good time on trade news. Cheers.
Trade closed: target reached:
Nice Pop, moving SL to breakeven.
Comment:
This trade is a monster. Up 22R currently, holding out unless I see a big reversal on lower TF. Cheers.
Comment:
Another quick update. Currently sitting at 67 R. Taking half profit here.

Risking 2% per trade, taking 67% profit on the account thus far on the move. Moving SL up on other half to 1.239.
Trade closed: target reached:

HUGE R target of 109 has been tagged, so I closed the other half. This was a once every couple of years type of trade.

Here's the breakdown of the power of keeping R/R in your favor:

Risk: 2.0%
First half: 67%
Second Half: 109%
----------------------
Total: 156% in duration of 34 hours

Even using a 0.25% risk/trade model would net 19.5%, an excellent year in trading by many investors.

A little luck, a little skill, but discipline and consistency are the superpowers that create wealth over the long-haul. Have a great weekend, cheers.
Comment: Correction: Total should read 176% (not 156%). Cheers!
Man you are an expert, i made $600 usd in this trade today
Reply
awesome
+1 Reply
Thank you
+1 Reply
@Aminvi, Thanks Aminvi
Reply
great call
+1 Reply
@QuantusFx, Thanks, Cheers
Reply
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