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USDCHF, level 2 buy (08:30cet) @ 1,2374. It has made a high so far at 1,2400. + 26 pips.
Stop loss could have been placed at 1,2365. Now, it has made the first 15 pips. So, you can take half and place stop at b/e if you want.
Placing the stop at 1,2365, it means you have a stop of 9 pips. Then, lets look at what we expect. We should go for a mimimim of 15-18 pips (2:1). 3:1 is 27 pips.
USDCHF, level 2 buy (08:30cet) @ 1,2374. It has made a high so far at 1,2432. + 58 pips.
Stop loss could have been placed at 1,2365.
Placing the stop at 1,2365, it means you have a stop of 9 pips. Then, lets look at what we expect. We should go for a mimimim of 15-18 pips (2:1). 3:1 is 27 pips.
USDCHF, level 2 buy (08:30cet) @ 1,2374. It has made a high so far at 1,2466. + 92 pips.
Stop loss could have been placed at 1,2365 (posted very early in the morning).
Placing the stop at 1,2365, it means you have a stop of 9 pips. Then, lets look at what we expect. We should go for a minimuim of 15-18 pips (2:1). 3:1 is 27 pips.
All we get above 27 pips is glory!!!
Hallelujah!!!!
The signal gave + 92 pips, a 10:1 ratio. Of course, as you well know, those 92 pips are the pips generated by the signal. If you take into account your risk, you could have made 15-18 at least without any problem. Less than that is a waste of time and money.