Live Stop Run Reversal Day Trade Setup – August 28th 2014 EUR/USD
Last week Friday the EUR/USD gave a beautiful one candle stop run reversal day trading opportunity. Normally I’m not up for the start of the London trading session but since I was around I figured I should turn on the camera to actually get the entry live. The key to this trade and tracking forex market manipulation in general, is the risk/reward ratios associated with these trade setups. This specific trade gave nearly 3 to 1 R/R overall with a 9 pip stop loss as the potential risk. The bank trading strategy is designed to capitalize on high R/R scenarios which is why I constantly harp on allowing the trade setups to run instead of cutting them short out of fear. A strong trade management strategy is essential to producing consistent results over the long term.
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