Reward: 181 pips/Risk: 42 pips/R/R ratio 4.30 : 1
The reason for the different kind of trade is that this is a swing trade with pre-defined Fibonnacci points, so it can be allowed to run.
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Are These Stocks Naughty or Nice?
6 years ago
Tuesday, March 24, 2009
A True Swing Trade
I had a sell limit order in place to sell 1 lot EUR/JPY at 133.16. The trade just hit about 20 minutes ago and I am using a 50 pip trailing stop at 133.58 and a target of 131.35.
Reward: 181 pips/Risk: 42 pips/R/R ratio 4.30 : 1
The reason for the different kind of trade is that this is a swing trade with pre-defined Fibonnacci points, so it can be allowed to run.
Reward: 181 pips/Risk: 42 pips/R/R ratio 4.30 : 1
The reason for the different kind of trade is that this is a swing trade with pre-defined Fibonnacci points, so it can be allowed to run.
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