I agree. R:R is an after the fact thing. A 1:1 and a .5:1 are “the same” because their inherent factors come hand in hand. With a lower R:R comes a higher win rate. So the adjustment is relative. There is balance even in the world of trading.
How did you figure aud/usd was 2:1? It looks kind of tight to me.
Johnathon I wont repeat what a hundred others have said but this forum has helped me enormously so thanks heaps for all your selfless work.Im up to page 65 now so only a few hundred more to go.Just a quick one (apologies if its been answered before)but how many a+ setups would you expect to see in a month on a 1week/1day time frame,thanks for your time mate.
Yes but there are a few key differences…
The trader with the higher reward trades will normally have a smaller win rate like you said. Because of this they will take more losses and have bigger swing in their account. These traders will hve to hold through more losses and larger drawdown waiting for the next big winner. At the end of the day both can be profitable over time but this method can be difficult.
The profitable trader with the higher win rate and lower reward will generally have a steadier increase in their account without the large swing up and down in their balances.
Johnathon
Heya,
if trading 4hr, daily, weekly you will average over time 4-8 quality setups per month. This is average though as sometimes will be more and other times less. If you then add break out trading and continuation trading there is obviously a higher amount of trades PM.
Video of this weeks setups and market commentary.
Safe trading to all this week,
Johnathon
How many pairs do you keep ur eye on ? Cheers Johnathon
Another amazin video. Thanks Johnathon 
sorry to be a pain but could someone please remind me what “FSA” is again I know Ive read it but cant remember,sorry to go back over old ground guys.
FSA = first support area
obvious if you think about it :34:,thanks str8
I think this is consolidation ( I will stay away from this for now)
The other problem with this signal is that, although it is a BUEB it is buying right into the Weekly Resistance line just above, Resistance that has already held once and may do so again - just 100 pips into your open (less than 1:1 RR).
This is not a swing low buddy
EJ
About 35 or so and then just the major indicies. Basically just all the majors,crosses and most that have spreads of no more than 4 or so which is very easily done with good broker.
I see a lot of people post with brokers that have spreads for big cross pairs such as GBPJPY and EURAUD that have 10+ pips spreads. That outrageous and makes it hard to profit when starting that far behind. People who reading this will know if that is them and I suggest getting a new broker. This is your business and in business we need the best deals to make the most profit.
94.55?
Plus, Boj minutes later today. Tomorrow for aussies.
Also, Watch out that broker is regulated and then do a thorough research on him online. (Forex Peace Army) is a good place to start.
My broker is giving me good spreads even on Norwegian and Swedish Krona pairs, not so much on Rand tho.
Cheers
CADCHF did went lower.Stop loss moved to break even.Hopefully it,s gonna hit my TP levels.I didn,t notice the previous traffic zones while analyzing the setup which later caused prices to trade into a mess.
Hello johnathon) The troublesome VBRN on the USDCAD did exactly as you predicted.Currently a big bullish candle is sitting on that VBRN.I think it,s gonna hit my stop loss.Always look for the VBRN,s in your way up or down.Lesson learnt.