Today Wednesday 16-05-2018
INTERMEDIATE TREND
Sell Eur/Usd @ 1.18200 TP : 1.17700 SL:1.19930
Sell Gbp/Usd @ 1.35000 TP: 1.34372 SL: 1.36332
Buy Cad/Jpy @ 85.770 TP: 86.480 SL: 84.441
Buy Usd/Jpy @ 110.300 TP: 111.000 SL : 109.557
Hi.
Care to explain what the thinking is behind these suggestions?
I’m also slightly concerned at some of the r:r ratios, for example on your eur/usd a TP of 500 versus a SL of 1730 isn’t appealing
Thanks
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A tight stop loss can keep a trader out of the market.50 pips movement with a risk of 173pips movement I don’t think is bad. This is also an intermediate trend prediction.
Its not bad, its terrible.
Risking 3 times what you stand to gain, what’s the logic in that?
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Traders of this trend should by now have earned their profits.