Certainty: Medium
Risk-Reward: GOOD
Green --> Most likely and I'm trading it
Blue --> Really good reward but it's a stretch
Purple --> It's not likely but it might happen and it invalidates our trade
That's why we should risk a little and add accordingly as the certainty arises.
If purple starts to play out we can trade it well too.
Keep your risk low, protect your capital.
Risk-Reward: GOOD
Green --> Most likely and I'm trading it
Blue --> Really good reward but it's a stretch
Purple --> It's not likely but it might happen and it invalidates our trade
That's why we should risk a little and add accordingly as the certainty arises.
If purple starts to play out we can trade it well too.
Keep your risk low, protect your capital.
Comment:
We planned this scenario, and the market followed which gives us just a little more certainty but it doesn't really mean much because we have new scenarios now.
Comment:
I'm reducing the risk on the trade, It's not the best SL in the world but i rather be out there then keep this position any longer.
It gives great Risk-Reward Ratio 1:7
and not that certain but I only have 0.5% risk.
SL @ 1.3010
and not that certain but I only have 0.5% risk.
SL @ 1.3010
Trade closed: stop reached:
Okay stopped out and loss of 0.5%, we could've cut earlier. But this was the best Expected Value scenario with minimal risk.