FX:USDJPY   U.S. Dollar / Japanese Yen
136 7 4
anybody familiar with Trade Empowered's 2618 strategy
I have my target set@103.458
TradZ TradZ
So I would say your strategy looks good
Jason Stapleton came up with the 2618 strategy. He has a lot of free training at http://tradeempowered.com/learn-to-trade/

typically stops would be 10 pips below (or above) the double top and first target at the start of the retracement, 2nd at 1.272 extension of retracement
ONLY take the trade if its a 1:1 or better risk to reward.

Thats if your ok with a 1:1 risk/reward, you have to know your risk tolerance and understand money management. Im still learning and have been losing money in the process. But my win rate is slowly increasing with the more I learn and i haven't blown my account yet (which is a very small amount of risk capital, i look at it as learning money to learn how to handle psychology of trading real money)
TradZ dustijohnson
Jason huh, nice! I use to watch his tuts ha! Thx for the knowledge college! I will look more into this just to see....
+1 Reply
No but will check it out just to see what it is about ;)
no prob. im still in the process of backtesting but its suppose to be a good strategy
TradZ dustijohnson
I still love my Heikin-Ashi Candlesticks strategy($impleM0ney)
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