At the present 1.3636/38 level now, it is near the top of 30MIN CHART RANGE for the past 2 weeks ....... a breakout out of this range will yield good rewards for medium term breakout traders. My last comment in this thread. Good luck!
JS, seriously, I hope that you had a hard stop somewhere in here. I really do hate to see people lose money in trading. But with that said, I think I am having trouble understanding your trading Premise and Context, I wish I could help but I just don't understand. The Ever Wishing You Well VIPER
Here's Johny!! +420 pips +£13,440 It was a terrible trade from a lot of angles and it came ever so close to wiping out account balance. I got a margin call when Eur breached 1.38 Lol. When price kept yoyoing within range I knew I had to stick with it somehow & all in seemed to be the only way.
Current results: -85 pips/-£127.5 @ £1.50 per pip +355 pips/+£1,065 @ £3 per pip -120 pips/-£120 @ £1 per pip +277 pips/+£554 @ £2 per pip -165 pips/-£165 @ £1 per pip -117 pips/-£234 @ £2 per pip -172 pips/-£688 @£4 per pip -132 pips/-£1,056 @ £8 per pip -220 pips/-£3,520 @ £16 per pip +420 pips/+£13,440 @ £32 per pip Win/Loss: 30/70 ROI: +45.74%
TY! I know it sounds crazy to some here, probably most, but the last trade is what this method is all about. It's similar to going 'all in' in poker. This account is up almost 50% in 3 months. But I am working on perfecting it, key is to start 1st position near the time of range expansion whatever time frame is being traded. This is based on Daily.
Look forward to your next sojourn.... Have my own theory as to how to reduce potential losses,but that flies in the face of "luck"... NiN