last night before i went to bed placed a sell stop on EU at 1.4299 it triggered in the middle of the night placed a large stop I knew there might be some volatility my stop was 1.4400 just closed the trade at +30 before NFP. Some (Omid) LOL would call this a risky trade (am I right) but I had all 3 signals confirming all the sentiment is for a dollar positive NFP number. I also felt that if we broke 1.4300 I would wake up below the 1.4300 level. I think this was one of the less risky trades I have ever taken.
1 comments:
Glad you made money on this. My point was, in a trade like this i.e. 30pips profit for a 100 pips risk, you'll be at BE even with a win ratio of 77%. So to make it worth your while, you wanna be right at least 85%-90% of the time.
Omid
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