Takeprofit
GOLD : What Should Be Ideal Risk Reward Ratio OANDA:XAUUSD
A good risk/reward ratio could be seen as greater than 1:3,
where you would risk 1/4 of the overall potential profit.
For trading to prove profitable in the long term, a trader should not typically risk their capital for a lower risk/reward ratio,
as this will mean that half or more of their investment could be lost.
The risk/reward ratio marks the prospective reward an investor can earn for every dollar they risk on an investment. Many investors use risk/reward ratios to compare the expected returns of an investment with the amount of risk they must undertake to earn these returns. A lower risk/return ratio is often preferable as it signals less risk for an equivalent potential gain.
Consider the following example: an investment with a risk-reward ratio of 1:7 suggests that an investor is willing to risk $1, for the prospect of earning $7. Alternatively, a risk/reward ratio of 1:3 signals that an investor should expect to invest $1, for the prospect of earning $3 on their investment.
Traders often use this approach to plan which trades to take, and the ratio is calculated by dividing the amount a trader stands to lose if the price of an asset moves in an unexpected direction (the risk) by the amount of profit the trader expects to have made when the position is closed (the reward).
KEY TAKEAWAYS
The risk/reward ratio is used by traders and investors to manage their capital and risk of loss.
The ratio helps assess the expected return and risk of a given trade.
In general, the greater the risk, the greater the expected return demanded.
An appropriate risk reward ratio tends to be anything greater than 1:3.
XAUUSD : Gold SVB Ralley Near to EndOANDA:XAUUSD
Gold is trading in extreme bullish pattern
Gold is rallied more than 1000 pip's in last 1 week
Big reason is downfall of banking sector collapse of SVB and other banks
people shifting money in precious metal like gold
1865 is touching of upper trendline of rising wedge
Rising wedge is a bearish reversal pattern
Gold will target 1920 area and in extension 1890 area this month
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GBP/JPY NFP 11/03/2023beautiful sell on Gbp/Jpy, Japanese Yen showed extreme strength during NFP . waiting for price to reach the order block before entering for the sell.
with major news ahead I moved my stop loss to break in profit but price continued to my take profit successful end of the week...
GBP/USD Technical Analysis: Bearish Bias as Price Approaches Key📉 The GBP/USD currency pair is currently showing a bearish bias as it approaches a key support level at 1.2100. 📊 Technical analysis suggests that a pattern breakout may expose the key 1.2000 level, indicating further downside potential. 💰 Our trading opportunity is to sell at the current level of 1.2098, with a take profit target of 1.20421 and a stop loss at 1.22779.
Hashtags: #GBPUSD #TechnicalAnalysis #BearishBias #SupportLevel #TradingOpportunity #TakeProfit #StopLoss
Bitcoin Hammers ceremony in 4HHi friends.
I see about 4 hammers on a strength Trendline and i think price
will go to the upper band i have shown on my chart.
If the price surpass this 24000 resistance level
after a pullback to this level , we will see a huge increase in BTC in coming days.
Dont forget we are in a 4H time frame and this trendline is very important.
In addition this hammers shape in an important support level (22500) too.
after price reach this path i draw in my chart we should look it again to update our
analysis.
so if you enter a trade dont forget to set your SL below this support level and choose the upper
line for your TP.(I show it on my chart and its R/R is 2.6 its good i think! )
Hope you enjoy this analysis.
share me your opinion
I will be happy.
Thanks for reading my idea
Love you all
Take profit 3.6% x 2 and one at 5.3%.From Sunday candle price start to fall down and at that point my bias was short. Today I waited for price to go above opening candle and start to go down to swing low on higher time frame.
I took partial at 3.6% profit and rest I left to target my original TP. Moved my SL so in anyway I would end up with porfit.
Hope this help.
P2P | Nas TradeHey there peeps! I know this isn’t the usual post everyone is looking for but I wanted to be transparent with you all.
Not every trade is a winner! Once I accepted that, I was a lot more comfortable in myself and my game.
The mission is to become the best player in your league but the funny part is, you’re in your own league so it’s really you vs yourself.
With that being said, I learned a lot from this trade, even though I don’t normally trade Nas, but the experience I had with it furthered my interest in trading it.
So gang there you go, no shame in my game, just room for mistakes and getting better. But you see it gave me a 2nd chance entry?! I didn’t take it because I try not to over trade or chase my loses, especially on a pair I don’t trade.
But like always family happy trading, trade well, and let’s run it it up from 2023 til infinity!
DISCLAIMER:
**This page is for educational purposes only and is not intended for any financial arise. I am not a financial advisor nor do I manage any other accounts for users. Any trades you take will be of your own doing and P2P will not be held repsponsible.***
EURUSD swing tade ideaHigher timeframe downtrend. The yellow line represents 50% of the monthly range.
Blue box represents the first area price can react from to then reverse and make a new lower low.
My SL would be the new higher low that gets created in or around the blue rectangle. If I risk 1% of the trade my first partial profit will be the amount that I have risked for the trade. I will continue to take partials on the way down in certain areas
EURSGD - W patternHello traders! We can spot a similar formation on EURSGD as on EURJPY, about which I discussed in my previous post, and which has already reached the take profit. EURSGD also seems to create a strong impulse downwards, completing to the neckline the W that was formed on the daily timeframe . We can see that the MACD is below 0 and EMAs are crossed, showing us a bearish environment. From here, there is a high probability of reaching the neckline of the daily W, going to at least at 1.425
OANDA:EURSGD FOREXCOM:EURSGD
An 3W swing trade scenario w/ FibonacciHi traders. I'm bringing in this weekly chart a simple draw of a smart money strategy based on the price action with Fibonacci Retracement 14.6% key level as a worth and effective take profit. I'm using a Ehler's smoothed stochastic to show a logical possible reversal wave to come in the 3W term.
DOTUSDT $8.5 is a worthHi traders, I'm showing to you a more comprehensive daily chart after a weekly from yesterday w/ the Fisher Transform oscillator to approach one more undoubtable signal in confluence to the price action monitorized by the downtrend condition below 20 Volume Weighted Moving Average plus Fibonacci Retracement hidden strategy which uses the 14.6% golden ration subdivision level to a highly assertive target. 8.4USD is a worth and, during that trend volatility, a lot of desinformation will came with a potential dopamine explosion along propaganda content from YouTubers exchangers' employed guys. There's not pure predicting here but a highly concise technical analysis based on strong confluences correlating price and volume in a educative form - don't means that I predicted the future. And I'm not an identitarian fanboy, so I don't care about sentimentals.
BTC FOR POTENTIAL MOVE UPAs you can see on the hourly chart we successfully broke out of the local downtrend and could have a momentarily move up but DO NOT GET YOUR HOPES UP as we are still in an overall bearish market.
Potential take profit zones are to the nearest local resistance levels but first take profit is at previous local high
Have a good day and may the market treat you well.
Average True Rangehe Average True Range is a volatility indicator measuring how much the price of an asset has moved over a certain number of periods, in other words how volatile the asset is. It was created by J. Welles Wilder and was featured in his book “New Concepts in Technical Trading System”. It was originally designed as a volatility indicator able to capture gaps in commodities, since a volatility formula based solely on the high-low range would miss that movement. However, the ATR can be used for stocks, indexes and currencies as well.
What traders use the ATR for is to determine their profit target and the optimal price level for placing protective stops by predicting how far the asset may move in the future. The Average True Range is most commonly calculated on a 14-period basis, but as with most other indicators, it can be fine-tuned according to each traders unique trading system.
The ATR is a directionless indicator, basically a type of moving average of the assets price movement over a certain period of time, which does not indicate the direction of the trend. You can see how the ATR is visualized on a chart on the screenshot below.
As you can see, We have plotted in every opened trade the value of the ATR at that moment. We've used the default 14-period basis, which means that the average price movement over the last 14 periods ( candles ) is 151 pips for the first trade, 137,8 for the second, and 196,2 for the last one. A trader can therefore expect the price to move within the range of 151 / 137 and 196 pips during these trades, thus giving a hint of where his/her profit target and protective stops should be.
As you can see. We have used 2 methods for using the ATR on these trades.
On the first trade, we have opened a position on the pullback of the previous Resistance, the SL and the TP have been calculated using the ATR multiply one time.
151 pips for the SL and 151 for the TP.
The second trade is based on a continuation trend strategy and also on this occasion the TP and SL have used the multiply ATR 1 time.
Last trade, Again Pullback on previous support with ATR multiply 2 times.
How is the ATR calculated?
The Average True Range is calculated by estimating the True Range for each of the included periods and then finding their average using a formula, which is shown below.
The True Range is defined as the greatest of the following:
– The difference between the current high and the current low
– The difference between the current high and the previous close in an absolute value
– The difference between the current low and the previous close in an absolute value
The first scenario is used when the current high is above the previous period's high and the recent low is below the preceding period's low (the previous candle is engulfed by the current one).
The second and third scenarios are used when a gap has occurred or the current period is engulfed by the previous period. Since Wilder was interested in measuring the distance between two points, and not in the direction of movement, here we use absolute values.
After we've calculated the True Range for each period we have decided to track back, we must now calculate the Average True Range by adding these values and calculating their average (as we've already said, the ATR is a moving average of the TR values).
As mentioned before, the most commonly used and set as default in most trading platforms' period settings is 14 periods. After we estimated the ATR for the initial 14 periods, we must then use the following algorithm to estimate future values:
Current ATR = / 14
How to trade the ATR
You've already learned that the Average True Range acts as a tool to measure the degree of interest or disinterest in a price movement. This means that inspiring moves are often accompanied by large TRs, especially at the beginning of a move, while weak moves are followed by narrow ranges. This allows us to use this indicator to gauge the enthusiasm behind every move, including breakouts.
For example, a price reversal, accompanied by an increase in the ATR value would suggest strong sentiment toward that move and reinforce the reversal, while a weak ATR would suggest proceeding with caution.
This is also true when the price breaks through support or resistance. If the breakout is supported by a rise in the ATR, it will be most likely a real move, but waning support from the indicator would suggest that the breakout might be false.
Boeing Update | Key Area | Opportunity to Take Profits | NEUTRALI first featured Boeing ($BA) back on May 27th, 2022 as a LONG / buy and hold. Since that call, the trade is up 40%+.
Boeing is also at a key area and looks as though it will pull back. Yes it could break out (buy and hold). I personally think Boeing will fail here, how deep - I don't know (we never know), offering a great opportunity to take some profit after a 40% move. For now, I am shifting my outlook from LONG to NEUTRAL for now.
Good hunting! 🤑
God Bless!