Since our last set up (Trade 4), I managed to create set ups that had pinpoint accuracy. Unfortunately, I was only able to catch the first set up, and I ended up missing the second one. Either way, I profited, and I profited with my risk reward in mind. This next set up I'm taking here is arguably a little riskier than the last, as we're approaching the tail end of a continued downward momentum. However, conditions signaled to take this short, so I did as conditionally instructed. If I win this trade, I make at least 10%. if I lose, then oh well, I move on and catch the next good set up.
Symbol: EURUSD
Starting Balance: $100
Current Balance: $70.81
Position Size: 1203 units
Take Profit: 69.8 Pips ($7.20)
Percentage Profit: 10.00%
Stop Loss: 34.6 Pips ($3.54)
Percentage Loss: 5%
Link to myfxbook: www.myfxbook.com/mem...ar-challenge/3453384
I have begun to take an interest in coaching people and giving private lessons on technicals for trading. I'm only doing this because I have confidence that I've developed strategies that make me a consistently profitable trader, and I'd love to teach anyone and everyone that feels that they are struggling. Please send me a private message if you are interested! I believe it's far more valuable that traders learn how to trade independently rather than depending on published Tradingview charts.
Symbol: EURUSD
Starting Balance: $100
Current Balance: $70.81
Position Size: 1203 units
Take Profit: 69.8 Pips ($7.20)
Percentage Profit: 10.00%
Stop Loss: 34.6 Pips ($3.54)
Percentage Loss: 5%
Link to myfxbook: www.myfxbook.com/mem...ar-challenge/3453384
I have begun to take an interest in coaching people and giving private lessons on technicals for trading. I'm only doing this because I have confidence that I've developed strategies that make me a consistently profitable trader, and I'd love to teach anyone and everyone that feels that they are struggling. Please send me a private message if you are interested! I believe it's far more valuable that traders learn how to trade independently rather than depending on published Tradingview charts.