Strong looking HHR with a fake out in a sideways market which is the most crucial aspect of trading fake outs on the intra day level - on any level actually.
Position size was calculated using the risk value of 12 pips which was the length of the wick of the fake out bar + 2 pips +spread.
Again this is for the purpose of calculating my position size but in effect the trade gets stopped out when we get a close above the high of the fake out bar or we take out the emergency stop.
Price made a swift move down to the FTA and bounced off it pretty rapidly. Killed the trade when we closed above the fake out bar high. The loss was -1R
Position size was calculated using the risk value of 12 pips which was the length of the wick of the fake out bar + 2 pips +spread.
Again this is for the purpose of calculating my position size but in effect the trade gets stopped out when we get a close above the high of the fake out bar or we take out the emergency stop.
Price made a swift move down to the FTA and bounced off it pretty rapidly. Killed the trade when we closed above the fake out bar high. The loss was -1R
FXB Trading is considered as a top rank brokerage platform in the CFD market. It has helped encourage many traders and guaranteed their success. Among the many popular features on its website are the security of the traders’ accounts and the segregation of their money. Traders can also enlighten themselves about the regulations followed by the CFD market
ReplyDelete