Hi everyone,
If you have been keeping up with my first (and only) post you will have seen that 4 out of 5 targets were hit this week on $EURUSD. Needless to say it has been a great week for myself and my investors.
For those that might not have seen it click on the link below!
https://steemit.com/forex/@ralphiex33x/usdeurusd-outlook-week-4-september-24-29
Targets were called as followed:
Entry: 1.1928
7 pips from the high!
Target 1: 1.1860 ✔
Target 2: 1.1820 ✔
Target 3: 1.1780 ✔
Target 4: 1.1720 ✔ (profit taken a bit above @1.1735 )
Final Target: 1.1650
We still have an opportunity for today (friday) to collapse and hit the final target but as we approached my 4th target i noticed some strong support and decided that i had collected enough on the move to end on a good note for the week.
As my mentor said "A smart trader will take the lions portion of the move" and that is exactly what i did.
Good thing i did too it seems i was 20 pips from the low of the week! (up to now)
Notice how Target #4 is used perfectly as a level of Support.
Here is a breakdown of the Entry, date and stamped. I know many people who try to fool others by posting crazy targets and no results but not here.
The result was a 19:1 Risk:Reward!!!
A stop loss was used of 10 pips.
Risking .5% a monstrous 9.4% gain was seen on all accounts this week.
For all those that traded this week hope you had much success.
Be safe during the weekend. Learn lots. Look forward To growing together.
GLGT (Good Luck Good Trading)