Simple Strategy Reveals Easiest Way to take Profitable Trade

5 ธ.ค. 2020

So As you can see in our previous trade,

I shared with you a super simple strategy,

Based On Price Action Theory,
That reveals how to take highly favorable trade entries,

Now is this something that works every time?

No unfortunately in trading we don't have certainty,

but what we can actually do is reduce our risk,
by taking positions that are more favorable towards the direction we think the market will go,

I target a 2:1 reward to risk ratio when trading,
In other words, if I’m risking 50 pips, I place my take profit of 100 pips below my entry.

You can also use your reward to risk ratio as a filter.


For instance, if you calculate that you cannot hit your
full 2:1 take profit before price moves down into an area that you believe could possibly be a strong support zone,
you may want to skip the trade or only take the trade if you can get the 50% entry.

One of the best things about the double top pattern is that it often provides great entries (fewer pips at risk),
which in turn makes it more likely that even a short-lived reversal will hit your full take profit.


Let me know what your thoughts are on this strategy in the comments below.