Trade #4 long from VAL

3 בפבר׳ 2022

Long from weekly level confluence with VAL.
Entered at 36578
SL = 36100 =low -100
TP1 1/4 at 36942
TP2 1/4 at 37417
TP3 1/4 at 37775
TP4 1/4 at 38134

4 בפבר׳ 2022

הערה

TP1 and TP2 hit
SL moved to entry price

4 בפבר׳ 2022

הערה

TP3 and 4 hit
Successful trade
The only thing I would change would be to enter more aggressively and closer to the support level. The overall risk reward ratio for this trade was 2.07. This could of been increased significantly.

5 בפבר׳ 2022

עסקה סגורה: היעד הושג

The weekly level was the weekly open of 24th Jan.
Risk Reward Ratio.
What a RRR of 2 means is, if my win ratio is 1 out of 3 then I will be breaking even.
A RRR greater than 2 means I will be making a profit if I win one out of three trades.
By being more patient with limit orders for entries is the easiest way to increase the RRR