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.
Lowriskhighreward
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