Welcome everybody This thread is about high reward-to-risk trading.
I am convinced that this is one of the best ways to become consistently profitable in trading.
We are going to :
- trade london session
- trade majors and gold.
- pick tops and bottoms
- sell highs and buy lows
- trade volatility
- fade news that goes against the trend
- use relatively small stops with reward to risk ratios ranging from 2:1 to 20:1.
As our stops get smaller our targets should get bigger because we will be stopped more often.
One winner should cover all previous losses plus additional profit.
We will use:
- S/R levels
- Volatility indicators
- Unconventional indicators
Have a nice weekend ...
No guts, no glory