I've never really kept close tabs on that to be honest. My stops are a few pips above/below the previous bar and my targets are generally at support/resistance levels. If my stop is going to be something like 40+ pips I most likely will pass on the trade depending on the situation. If I had to guess I would say my stop-profit ratio is around 1-1ish.
***GBP/NZD looks like it's gonna fall off the earth on a daily chart... ***would not call USD/CHF a 'bull' yet...look at the daily chart...
GBPJPY Sell Stop 159.35 Stop Loss 160.35 Target 158.00 10:38 PM price is 159.52 Win, lose, or draw, I'll see you in the morning.
I'll say ... it took all of 4 or 5 seconds after dropping through 159.30 to hit your target. I'm short at 159.35, target 158.00
I'm getting ready to buy the EUR/USD in a few hours. It has major divergence.... Anyone else thinking the same thing?
I don't trade forex, but from a technical point of view, it does look good for a LONG play. Good luck............ How far away you going to put your protective stop?.........just curious