June 26th 2014 Live Day Trade Setup – EUR/USD Long
Here was a live trade setup we took during today’s June 26th 2014 live training room session. Essentially the EUR/USD had made a strong push down into one of our lower manipulation point and produced a solid stop run after passing the ADR. The best part of this day trade setup was the risk to reward ratio. The initial stop loss was 13 pips which made the +27 pip total slightly better than 2 to 1 R/R. The key to successfully trading market manipulation is the risk to reward ratios these trade setups tend to produce. The reason for the exit on this trade was a stop run against the trade. After pushing up, the market created a potential stop run back down which is one of the 4 main reasons we close trades.
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