Added: 4 years ago
From: fxbootcamp
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  • On the 2nd one, the break came with price at 211,60 and honest stop is at 211,85-90 above the useless-fork.

    So about a 30 pip stop with spreads, which is good for the G/Y.

    Target was had at 210,83, but include the spread on most brokers of 5 pips and lookin at 210,90 realistically.

    In summary, S @ 211,60 & TP @ 210,90.

    Leaves you a 70 pip profit on 30 pip stop.

    Calculator gives me a 2,3:1 Reward:Risk ratio.

    Good luck on this 'repeatable' trade where you need more than 40% success.

  • There is no way anyone could have got in before the break without psychic abilities.

    Real entry would be 212,80 after break; with a risk of ~30-40 pips with spread as the break would act as RES in theory.

    How many times does this work out of 100 ? To what # of pips vs risk taken ?

    Good luck folks!

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