Yesterday we issued a sell GBPJPY trade alert as follows:
“RECOMMENDED SL 151.985
RECOMMENDED TP 149.700
GBPJPY SELL AT THE MARKET
GBPJPY sold at 151.369 Recommended lot size 0.08
You can adjust the size of the trade in line with your risk. Going short on an upper channel resistance line and also the 61.8% retracement of the previous upside swing.”
As you can see in this example we are always giving a full trade explanation and specification with the exact stop loss and the take profit levels. We are also paying the close attention to risk management and as you can see in this example of the losing trade our SL was some 30 pips away for the entry. Today GBPJPY broke above the 152 level and if we did have a larger SL our subscribers would have lost another almost 100 pips because the pair today touched 152.900before the NY session pullback.
Since we have good risk trade management we now have another chance for a new short position in this pair with this rejection from the upside channel line again. The new sell trade will have again 40 pips of the risk but a bigger potential reward as well.
From this example you can see that we are not talking only about our good trades, we also have losing trades, but you can see our latest March performance, we always have more winners than losers and our 4 months profit factor, for the Q1 of 2018, is 2.98!
Happy trading! (click on the chart to enlarge it)
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Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy and allows you to make position Risk Free. We are publishing 5-10 trade alerts per week via real-time Private twitter feed!