Join in to discover new ideas, indicators and tools to gain additional control over range-bound trading. The key is to not get discouraged if you hit a few losers or become over-confident if you hit a few winners. Sign up for a demo account. So, if we assume we can attain at least a 50 win rate by using simple price action strategies like the ones that I teach, and we use a risk reward of at least 1 to 2 on every trade, over a series. And the way that affects the market participants psychologically is they feel like Ive missed out on this move and we had a big impulse move, and I got left behind. If a risk reward of 1 to 2 is attainable then they enter the trade and walk away, thats. This article will take you on a journey into my mind and will hopefully prove to you that if you simply implement proper risk reward and have a willingness to learn a high probability trading strategy like price action, you have all the ingredients.
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Submitted by Edward Revy on July 16, :20. Checkout Nial's Professional, trading Course here. A Case Study of Random Entry Risk Reward. Post your trading strategy at our forum join us in our mission to help Forex traders become better traders! That news is over with the money was made on that news or later on, it could be just minutes later they say that wasnt really news, that was just a piece of gossip or rumor or because the markets respond to news so quickly. The subsequent chart demonstrates such a trading situation. When you combine the price action and risk reward strategies that I teach with a healthy dose of self-discipline and trading experience, there is virtually nothing that can stand in your way except your own lack of self-control. Thats not as strong of a signal for it to continue going up because, again, talking about practical trading and addressed theory here, thats what were dealing with. What that means is that we are using both time and price; in fact,.D. This is the reality behind the price pattern. What this means is that with price action and risk reward you have a nearly stress-free way to trade the market; you can wait patiently for obvious price action setups that develop from confluent areas and/or in trending markets, enter a risk reward.