Palkesh_Agrawal

[ CRYPTO ] ETHUSDT LONG BET

Long
BINANCE:ETHUSDT   Ethereum / TetherUS
r: R ratio is 1: 2
Rest as per Charts
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy if it breaks”, You should not buy at all.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings.
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Trade active: 1:2 Received
Trail Sl to Entry
Trade closed: stop reached

Comments

What do you mean by ratio is 1: 2 ?
Reply
@tvvk3, r: R is 1:2 ratio means for example I've bought a stock at 100$ and I have placed a stop-loss order at 90$. I believe that the price will reach 120$ in few days. In this case, I'm willing to risk 10$ to make an expected return of 20$ after closing the position. Since I stand to make double the amount I've risked it would be said to have a 1:2 risk: Reward ratio on that particular trade.
I hope I have cleared your doubt.
All the Best :)
Reply
tvvk3 Palkesh_Agrawal
@Palkesh_Agrawal,
thanks for the good info
Reply