forex trading practice records ( 04 )

Discussion in 'Forex' started by fx135, Jul 17, 2018.

  1. fx135

    fx135

    Last night (17th, july 2018) I saw a signal both in M30 and H4 timeframe , so I shorted USD/CAD.

    after about three hours , my float profit was about $160,and I wanted more

    so I had to hold the position for more one day and ended up by getting less profit about $97

    a poor trading


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  2. maxinger

    maxinger

    no idea what is your lot size.

    I am not sure if you have computed the reward : risk RR ratio.
    When you entered the trade, what was your stop loss level?
    stop loss = how many pips?

    Your RR ratio should be > 2.
     
    Last edited: Jul 17, 2018
  3. fx135

    fx135

    this position was 0.8 lot.

    the best RR ratio for me is >3 , but I am not a good trader now, so sometimes

    the result is far apart from my initial purpose.

    thanks a lot for your kindness.