FOREX Training Video | European Session February 27th, 2008
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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.
matadorbullfighter 4 years ago
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!
matadorbullfighter 4 years ago