WaqqasAsim

USD/CAD BUY idea, almost 120 pips and 230 pips move...

Long
WaqqasAsim Updated   
FOREXCOM:USDCAD   U.S. Dollar / Canadian Dollar
Beginning with the name of ALLAH who is most merciful and the master...

I strictly take trading as a business, not a gambling stuff.
I have calculated approximate risk to reward ratio on every single trade with predefined profit/loss levels.

Please note:

-> Never go beyond 1.5% risk of your total trading capital on a single trade,
-> Always move your stops to your entry levels after the price moves 27 pips towards target,
-> Always close 72% of your trade position after market makes half movement towards target.

Every one has a right to earn a lot of money, but it can only be done by following the rules and principles very strictly!!!

REMEMBER:

I practice patience in trading.
NO EMOTIONS. NO GREED. NO FEAR at all... that's how I do this business...

My Risk to Reward Ratio is usually more than 1:2.5 therefore if I loose a trade, I loose small capital...
But when I win, I win really really big...

Day after day... Weak after weak... I GROW...
Trade active
Comment:

100 pips captured... move your stops to entry point...
Comment:

120 pips target achieved...

move your stops to break even
Comment:


hahahahaha target hit... :)
Trade closed: target reached:
240 pips target level hit... enjoy!!!

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