Hi Miike,Potential Profit of 46 pipsPotential Loss of 94...

Hi Miike,


Potential Profit of 46 pips

Potential Loss of 94 pips

High risk to reward?

Looking at last days trading range (2am 'til now), I would have suggested 1.9975 buy (breakout above high of range)

Profit @ 1.995 to capture last high

Stop loss @1.9935 as break of lower part of range.

You working off projected fib retracements of 5 way corrective swing from high of 1.9974 at 11amish to current 1.994?

(Still learning FX so these questions are not coming from a gun trader)



PS If I recall a previous post you mentioned mt4 trading platform... am currently working on programming pip crawler bots on this platform... do you have any experience in this?

Cheers


;)