Forex Trading is all about approach & Risk Reward

Trading approach and Risk to Reward HI Readers, I hope everyone is fine in whatever part of the world, you all live. I wish blessings and pray for your well being from almighty.

Trading has been halted everywhere and I was really concerned about world and my health due to ongoing virus outbreak which went to take so many lives & we never expected that to happen as we all keep doing things we should avoided. Anyway I hereby want to draw your attention towards the trading education and recent eur dollar trade that I took yesterday is a prime example of Support resistance Kink & tested with in & out compression.

We all know price move in patterns and it ever found locations before reversals and without cashflow price never move or reverse or even in choppy sessions, I always keep a note of what is happening on shorter time frame.

Chart of Eur dollar is a very good example & even a average supply and demand trader can fetch some good pips ( +65) to be exact that I took.

Price Action is never random and that is why I always warn price Action trader to keep looking for support and resistance fakey zones before moving to strong trendline resistance support trades. You just need good reward to risk. My Risk in that trade was only 12 pips & rewards is already 5 times of the risk & that is what we should always focus and if you do have a couple of losses then a single trade can help you make out and never force you trade for the whole week or even month .

I hope it helps you all & in case you need any further help, then please contact me with you email & preferred way of contacting. I would reply each and everyone the best way I can.

Cheers & stay well.

Update on 18th April 2021

Euro dollar Price Action on 1 Minute Chart

I always use the price action as Random on any time frame. Prime example is Euro Dollar trade that I took today on 1 minute chart, which fetch me 70 pips with 2 pips stops. I use ECN broker, So I don’t have to worry about spread at all. 2 standard lots and I don’t have to trade for next couple of months & that is the beauty of having patience and also opt for best of the setups that always offer you 10-20 times of Reward to risk and this time it was exactly 35 times of the Risk I plan to take.

Related Posts

Euro usd might face rejection near 1.2036 Banks & institutions capped rallies & drops

Euro Dollar Monthly Outlook limited time offer !! Open an account with with this link & fund your account with $250 & get free three month…

Forex Trading without indicators and make it as simple as you Can

Trading help for everyone globally for Free We all are facing difficult times and we all need to contribute the best way we can and we should….

Price Action Analysis for Gold Futures & Crude Oil

Price Action Analysis for U.S dollar, Gold Future & Crude Oil. Its has been quite a while since I’ve updated the blog but the situations are sometime…

Price Action zones are the areas where we should look for entries l Forex trading strategies.

Forex tradig strategies. Its been quite a while since I talk about the trading education, busy with my new scalping experiments but still the prime motive is…

Low volitality amid year end Holidays Still bullish on gbp and canadian dollar

Volitality has been very low amid new year & christmas but as this period will pass by I would be up and start buying both pound and…

Trading opportunity Buy Gbp/Jpy..l Brexit No deal put sentiment bullish for gbp

Risk managemen in forex Hi Readers, I have provided some excellent trading opportunities last week with good pips and good thing was that it was properly managed…

Leave a Reply

Your email address will not be published. Required fields are marked *