Guys, when printers go **🖨️BRRR🖨️** then crazy goes GRRRT. It's pumpseason and I would say that the Graph is going to have another pump soon! GRT is trying to break up this triangle, and if successful I think there is chance for run to 3.32 and even more. 😊 SL: range low TARGET: height of the triangle projected from midpoint of the local range (RANGE HIGH - RANGE LOW) RRR: 9.8 INVALIDATION: when SL level hit Like & Enjoy!
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SL is not RANGE LOW (as described), it's just local low as shown on chart.
Trade active
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Order filled
Trade closed: stop reached
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Huge flushout across the market. Monitoring further for re-entry in case it was just headfake.
timeline to go to that target please ? days ? weeks ?
bizmark
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@MagdyEl-Nidany, my guess is max 2 weeks, but can be just days...
ahmedboshra2001
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Can someone explain for me what is the meaning of rrr 9.8 ?
I google it but i didnt understand
Thanks alot
bizmark
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@ahmedboshra2001, RRR (Risk Reward Ratio) 9.8 means you risk 1 dollar in order to gain 9.8 dollars if the trade goes right and hits the target. If it hits the SL, you will lose 1 dollar. So in other words the potential gain will be 9.8x bigger than the potential loss. For me RRR is the most important parameter of the trade. You can measure it using toll "Long Position" (or "Short Position"), see screenshot. Hope that answers your question.