Saturday 19 January 2013

09/01/2013 CAD/JPY long (profit)



This trade made it 3 profitable trades in a row. Entered long on the M15 chart, based on a strategy that uses 3 different time frames (see explanation here ). Here is the entry chart (click chart to enlarge). Risk was 0.5% aiming for 3:1 RR this time. Plan was to move stop to b/e as soon as price hit 1:1 RR.







 Here is the exit chart. As you can see price went up and hit my target giving me a great profit of 3:1 RR! The winning percentage on this strategy is not high  but each win is worth 3:1 so it feels damn good when it works out.







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