I’ve got a question by Stanley who asked…
…is it possible to win 25 trades in a row?
And my answer is this:
Yes it’s possible to win 25 trades in a row. All you need is to have a really small take profit target, relatively to the size of your stop loss.
You can have a 2 pips take profit target, with a 100 pips stop loss. You will easily win 25 trades in a row.
Alternatively, you can have a 100 pips take profit target, with a 5000 pips stop loss, your winning rate will still be ridiculously high.
But here’s the deal:
Can you be consistently profitable?
This is when you need to know what is your average risk to reward, before knowing whether you have a positive expectancy in your trading system.
Now, back to the markets…
This week I’ll be looking at at a few pairs like USD/MXN, EUR/USD and NZD/JPY.
And I share with you the difference between swing trading and trend following.
I hope you have enjoyed this week’s market analysis. As always, comments are welcomed and encouraged. Cheers!
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