MoneyTec.com Traders Community Forum - View Single Post - Short-Term.....Swing Trade (Set-Ups)

marketwavez · 26-06-2007, 08:00

Now this Canadian Dollar trade has not been stopped out

but I'm concerned about Risk to Reward
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Last week the Candian Dollar trade made 70 pips

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- the problem with this week's new trade is it has now broken support
and if price moves to 0680 the stopline , the loss would be 80 pips

So last week- after a gain of 70 pips ,
a dip of 80 pips this week would wipe out last weeks gains
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Why should I put myself throught that ?

You must think of Money Mangement when you trade
and you must think of what you are Risking !

Understading this is more important than any wave-count !

It's the only way to Survrive !.....

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26-06-2007, 08:00	#957 (permalink)
marketwavez level 3 Join Date: Sep 2005 Posts: 1,735 Rep Power: 5	Re: Short-Term.....Swing Trade (Set-Ups) Now this Canadian Dollar trade has not been stopped out but I'm concerned about Risk to Reward -------------------------------------------------------- Last week the Candian Dollar trade made 70 pips -------------------------------------------------- - the problem with this week's new trade is it has now broken support and if price moves to 0680 the stopline , the loss would be 80 pips So last week- after a gain of 70 pips , a dip of 80 pips this week would wipe out last weeks gains ---------------------------------------------------------------- Why should I put myself throught that ? You must think of Money Mangement when you trade and you must think of what you are Risking ! Understading this is more important than any wave-count ! It's the only way to Survrive !..... -------------------------------------------------------------- Last edited by marketwavez; 26-06-2007 at 08:05.