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That's my opinion...
Price Action Trading
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That's my opinion...
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Would you suggest otherwise 
tech/a
No Ordinary Duck
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Would you suggest otherwise
In general terms yes.
I often see people quoting R/R based upon a price somewhere in the future
and a stop level at X difference being their ratio.
As you have.
In itself it is quite meaningless as it at best is an anticipated figure.
The closed trade figure will determine your ACTUAL R/R.
You can manipulate the figure by simply moving to B/E as soon as you can your anticipated R/R may ne 1:0.5
but in reality your closed trade R/R could be vastly different.
One I use often I picked up on the SPI thread by Trader Girl--with a twist of M/M from myself.
Its simply fading very high volume moves at resistance or support.
Initially using a 10 tick stop and looking for a 5 tick profit.
It has a particularly high win rate --- around 75% so 7.5 x 5 ticks = 37.5 tick to 25 tick loss.
a 1:1.5 R/R.
My version is closer to 1:2.4
My win rate is 65% though---Ill leave it to you work that out!
Good trade management will see far better closed R/R. than anticipated R/R if trading discretionary.
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Would you mind linking me to this thread/post please tech/a if it isn't too much trouble?
I'm always keen on learning new things. Thanks for explaining that to me, greatly appreciated.
jr
I'm always keen on learning new things. Thanks for explaining that to me, greatly appreciated.
jr
tech/a
No Ordinary Duck
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Don’t know about your broker, but mine has about a 2 point spread on NZDGBP, and a 9 point spread on GBPNZD. The two charts are the mirror image of each other – you’re better off trading whichever one has the tighter spread.
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Hi Bunyip,
I got stopped out on this trade unfortunately, but my broker doesn't offer NZDGBP only GBPNZD?
My spread is about 5 points for GBPNZD.
jr
Trembling Hand
Can be found on the bid
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AAAAAAAAAaaahhahahahah
Welcome to the word of scalping like a punch drunk ice addict Tech. Whoever would of thought??!!
tech/a
No Ordinary Duck
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AAAAAAAAAaaahhahahahah
Welcome to the word of scalping like a punch drunk ice addict Tech. Whoever would of thought??!!
Not to your level T/H.
But do some short term stuff.
Nothing like 50-100 trades a day.
