In this video I update the previous video which discussed a live setup that was forming on the EURUSD 4 hour chart.
The idea with price action is always to have a risk / reward of at least 1:2 in any setup. This trade fortunately gave me 1:3. I did talk in the previous video that I had a 60 pip stop; my target got hit for 180 pips for a risk / reward of 1:3.
This is a trading method not a system. I do not attempt to back test anything; we have to actually forward test our trading method for it to be relevant. We can see forward testing in this video over the last 24 hours. We have seen this 4 hr chart signal occurring 4 times in the recent sample of data and we have had 4 winning trades in a row on this chart. We are learning in a “forward sense”, rather than back testing, so it is not a system it is a trading methodology. This is a classic example of another quality live pin bar forex trade.
Get Free Trade Setups, Videos, Tutorials, Articles & More
Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Learn To Trade The Market Pty Ltd, it's employees, directors or fellow members. Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, spot forex, cfd's, options or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.