First Target 90% Achieve Take half profit SL maintain
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Trade fechado: stop atingido
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as I mention, I don't want to see price beyond 1.1433 therefore exit the trade. find next trade in next week
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let's do a calculation of this trade: If the account is 10k, and 2% rule is 200 usd for 53 pips risk, the total lot size is about 0.4 lot. TP1 of 1.1355 is hit and closed 0.2 lot, win 25 pips = 50 usd then it hit SL with the other half, 0.2 lose 53 pips = -106 usd total p&l = -56 usd compare with the original risk of 2% = 200 usd, we manage to decrease our loss to only 0.56%= 56 usd I am very comfortable with a 0.56% loss and I will just move to the next winning trade in the future.
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Wait for Squeeze
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broke! let's find pull back
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When we talk pull back, we can use FIB tool, So get ready to short EURUSD again, if 0.618 level retraced.
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for those who want to take short, u can sell now
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As I said in my webinar: 1.1450 is the place we want to exit higher high means no short.
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News: Trump Is Complaining to Donors in the Hamptons About Powell’s Rate Hikes Tha's why dollar sudden falls
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Our SL saved us 100 pips
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Based on daily structure, the SL will be 1.1645 that is 120 pips away from now, therefore I won't suggest to short now we need to find lower time frame 's pattern to give better entry and better Sl
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Some one said there is AB=CD I totally agree
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Update :
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Today has FOMC meeting minutes. dont trade before news
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15 mins Inside Bar any one?
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I have marked the TP level for 1:2 risk/reward ratio FYI
Geez some of you whine like little bitches. I've actually lost money overall with following Jack's setups because I don't follow religiously and caught some losing ones, but a. Jack saw something with a high (but not definite) probability of success, b. the trade hasn't even hit SL yet because Jack said to keep SL as is after hitting TP1 (as opposed to moving it to BE, in which case you'd be stopped out by now with a small profit), and c. if you follow the most important rule, which is money management, it shouldn't matter if this high probability trade happens to end up losing 1% of your bankroll.
@Blacklodge, indeed. Bunch of whiney 'instant gratification' noobs.
ClaytonAshley
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@Blacklodge, fine but the SL is gonna be hit in a minute or two. Rather breakeven with a small profit than no profit at all or even a loss. TP should've been only take profit 1 and not TP2. High probability was for a pullback to 1.15. We need a strategy that works long term and TP2 was for a drop all the way to 1.09. If we are gonna use harmonic patterns then why not use the inverse head and shoulders rather, just confused as to how he actually trades, if not harmonic patterns and why not wait for pull back to hugely psychological 1.15 before the sell.. Do we wait for pullback to an important level or not? Do we follow harmonic patterns or not? It is a valid question and nobody will reply.
ClaytonAshley
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Should've gone for the inverse head and shoulders then?
Blacklodge
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@ClaytonAshley, 1. Jack provides free setups, so any timely feedback is a bonus. I'd recommend going with a few paid subs where you can get messenger/email support. However, make sure you do a thorough backtesting of their setups as it can get very expensive blindly following a new provider's setups just to find out that they are a loser, 2. you have to expect losses, that's just part of trading and why money management is key. That's why you need to find someone to follow that provides an overall positive /pip count, and 3. Jack sometimes provides 1000+ pip trades, so there's no reason why TP3 couldn't have been so far away. He thought he saw something, and it just happened not to work out.
UnknownUnicorn2829682
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Sir, @tntsunrise can i put new order for TP2?
by mistake i closed full orders on TP1
please advise
MicKi
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Sorry guys.... been following Jack for a few months. Best out there in Tradingview if you ask me but I have taken all the losing trades (only one winner). So yeh, my apologies, I think it's me. It did hit TP1 but it was too small so I didnt book profits.
I will post when I take one of his trades so you guys can get worried lol