- If I were to enter this trade with a 5% risk with a $5000 account
- Profit = $1262.02
- Total Amount = $6262.02
- Loss = $250.00
- Total Amount = $4750.02
- Total Trades = 20 with a 5% risk
- Goal = < 50% Win Rate
- Key Points:
- Fibonacci Level
- Support - Resistance - Key Levels
- 61.80% Lined up with support level
- Trend line + Support level = Trading Range (Area between trend line and support)
- -38.20% level would be maximum profit?
- Support level would be maximum profit?
- Trade 1 Result = ?
Comment:
Why would I sell at this point? Possible break at bottom trend line and then hit the re-test?
Possible Re-Entry at Support?