A fun Challenge - Who will predict the trade with highest R:R
Rules:
-You have to post a trade call in the form of an image, before the trade gets triggered or at the moment when you enter to the trade.
-Taking a screenshot of the trade call and posting after few minutes or few hours is not considered as a valid trade call.
-StopLoss(SL) and TakeProfit(TP) have to be visible clearly on the image.
-Every trade must have a StopLoss. TP is not a must. You can exit anywhere you want, But adhere to rule No.7
-Once you are in the trade you cannot adjust the SL. You can adjust the TP whenever you want.
If you have multiple trades in the same image, you have to state which one you are considering for the challenge. No multiple trades per one currency considered for this challenge.
-Closing a part of the position is allowed. You can follow rule No.7 to post any number of images to post the exists of the partial closes.
-You can either try it on a demo account or a live account.
-Post at least another one image of the trade in which we can clearly see that price reaching the TP (In MT4, you can simple drag the trade from trade history on to the chart and it will show the entry and the exit)
Please don't mind hitting SL or failing to beat the previous highest R:R, this is just for fun.
I think above rules are fair for everyone. Rules can be adjusted if you feel like not fair.
Here is the easiest way to find the reward:risk ratio if you don't know. Divide the amount of pips between the takeProfit and entry by the amount of pips between your stopLoss and entry. For example, let's say you are in a sell. Your TP is 200 pips below your entry point and 100 pips above is your SL. So the Reward:risk is 200/100, Which is 2.
Higher this value is, harder it will be for others to beat it.
Gold trade, this looks like a 1:4
Wow, you took the challenge right away 🤣. Let’s see how it goes.
1:4 RR Smashed
Profit target has been reached and exceeded so I am closing the trade. @headies you didnt remind me to set the TP i actually didnt set TP but I drew the RR box showing where my TP expectation was. But anyhow I have been able to deliver 1:4 RR successfully so that is the highest record set here.
This is a 1:17rr trade . I didn’t take this trade cos i didn’t even look at the pair this morning. I just saw the analysis that played out.
This is a 1:17rr trade . I didn’t take this trade cos i didn’t even look at the pair this morning. I just saw the analysis that played out.
Imagine I took this trade, I would have beaten your record and you willl be owing me🤣🤣
NZDUSD BUY
Disclosure: I don't trade NZDUSD. But I'll add a small point here.
I know this is off topic, but currently it is the less volatile hours of the London session, meaning it will be more sideways or in direction of the existing trend, rather than any big moves.
Are you positioning before the US session open, for that move?
The lowest risk entries, are at the start of the sessions. The NY session opens at 1330 UTC, that is when you will get the next directional move.
For example, if you isolate NZDUSD, during the US session (see attached screenshot of US session for NZDUSD in the last few days), you will see a clear pattern around the opening candle. Clear breaks of the opening 10-15M of the US open works, a break on one side.
And you will also see clear support & resistances in that session in the recent days. Those are important too. In this week, Tuesday was trading below the lows of Monday, and even today it is lower. See the 0.5830s.
So, if you were looking to be a buyer, you would be able to find the lowest risk entry on the break of that opening 10M or 15M. That way, you will be trading the move of that session.
One session can fade or follow the other sessions. London has been up & down, but the low is holding. Now US session can fade the London session move, and that is where you will find the lowest risk setups that you can bet heavily on.
Try to position during the session opens for the move of that session, in favor of your higher sessions bias (meaning, multiple sessions before are indicating a directional bias).
Disclosure: I don't trade NZDUSD. But I'll add a small point here.
I know this is off topic, but currently it is the less volatile hours of the London session, meaning it will be more sideways or in direction of the existing trend, rather than any big moves.
Are you positioning before the US session open, for that move?
The lowest risk entries, are at the start of the sessions. The NY session opens at 1330 UTC, that is when you will get the next directional move.
For example, if you isolate NZDUSD, during the US session (see attached screenshot of US session for NZDUSD in the last few days), you will see a clear pattern around the opening candle. Clear breaks of the opening 10-15M of the US open works, a break on one side.
And you will also see clear support & resistances in that session in the recent days. Those are important too. In this week, Tuesday was trading below the lows of Monday, and even today it is lower. See the 0.5830s.
So, if you were looking to be a buyer, you would be able to find the lowest risk entry on the break of that opening 10M or 15M. That way, you will be trading the move of that session.
One session can fade or follow the other sessions. London has been up & down, but the low is holding. Now US session can fade the London session move, and that is where you will find the lowest risk setups that you can bet heavily on.
Try to position during the session opens for the move of that session, in favor of your higher sessions bias (meaning, multiple sessions before are indicating a directional bias).
I meant this. It is the NY session chart of this week. Wednesday NY session starts at 1330 UTC, so you don't see any candle yet for it.
But today as well, it looks like we will open below 5830s. If the Tuesday session low breaks, then it is also another sign. If it holds, then also it is a sign.
I would always try to position at the edges & during an open.
This is a 1:7rr trade that i will be executing today or whenever price tags me. I’m willing to beat the current record.
I will be taking a short of this pair when it’s get to where my decision tool is positioned.
I will be taking a short of this pair when it’s get to where my decision tool is positioned.
Trade execution.
This trade ended in loss.
The setup looked bullish from the onset