NZDUSD - ShortNZDUSD short - In a bearish cycle at level 2. There is still bearish momentum as it is heading towards H4 Bullish OB. All candles closed below the high created at 5:15 am GMT, showing resistance at that point as high was held for multiple hours, indicating they were not going to break it (as cycle is bearish). Evening star pattern then formed with divergence shown. SL @ 12 pips above Trade Open, and TP @ 26 below Trade Open, which is YL.
Lowriskhighreward
GBPUSD - ShortGBPUSD short - heading towards end of cycle pattern, but still showing bearish momentum. Double-Top bounce off 200 EMA, showing resistance, and RSI above the 68 shark-fining in on TDI. Trade open at candle close at 6:45 am GMT, with SL @ 15 pips from trade open (7 pips above YH), and TP @ 40 pips from trade open, @ YL.
GBPUSD - Low Risk ShortHey Traders!
As you can see there is low volatility in the market.
We expect that the market can't hold the resistance, so it'll collapse until 1.24500.
If the market gets high price action and it breaks the resistance at 1.24900, we will exit the trade!
We have a great risk-to-reward ratio of 1 to 3!
Thanks and good luck!
Low Risk High Reward StrategySo I have this new trading strategy which is low risk but high reward. I am talking about 300x reward versus risk. So I run this for 1$ starting capital, and it back-tested to 313$ in 2 years (see the results).
Number Wins = 24
Number Loss = 34
Win Average = 22.8
Loss Average = 6.9
Expectancy Ratio = (No.Wins X Win Ave.) - (No. Loss X Loss Ave) = (24 X 22.8) - (34 X 6.9) = 312 (no kidding)
Expectancy Ratio = 312