USD JPY Long Trade

Randy BalcomBlog, TradesLeave a Comment

Here is an example of a long trade that has great risk to reward. As you can see in the image below there are multiple trade indicators.

  1. The weekly chart is forming a doji around an area of 50% retracement from the most recent high.
  2. The daily chart is showing over sold on the MACDBB, we have a bullish candle and are entering into a Dynamic Zone
  3. The trade has a greater than 1:1 risk reward
  4. The 4 hour chart is showing signs of a bottom.

Futures, Forex and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures, Forex or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

Leave a Reply