Can someone tell me why this trend reverted exactly on my position candle!?!

Beginner Questions Candlesticks, Chart Patterns, and Price Action
43

@campione, in order to risk 2% or less on your next trade, you need to focus on the following details of your account.

  1. What is your account balance now? Calculate 2% of that amount.
  2. How many pips do you want to risk on your next trade? Select a trade size so that risking this number of pips equates to the amount you calculated above.

For example:

  1. Suppose you have £10,000 in your account. 2% of that amount is £200. At the current GBP/USD of approximately 1.30, that equates to around $260 you can risk on your next EUR/USD trade.
  2. Suppose on your next trade, you want to risk 130 pips on EUR/USD. On a micro lot (1K Euros, or 0.01 volume) you are risking 10 cents per pip, so 130 pips would be $13. That means you could trade 20K EUR/USD or 0.20 volume.
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