My main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels. In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower. But to take more statistically probable trades we should wait for some type of lower timeframe confirmation, and in this case we can notice sign of weakness (reaching the middle of the range), so potentially there is a higher probability to see price lower. Your success is determined solely by your ability to consistently follow the same principles.
EURUSD has moved high enough to consider a major low in place. Wave C of (2) is an ending diagonal which means a swift rally may be looming nearby. Consider the Jan 13 low of 1.0177 as the end of wave (2)/(B) and a wave (3)/(C) rally has begun. This rally has upside targets at: 1.11-1.12 1.18 1.29 A print below 1.0258 is unexpected. Therefore, if EURUSD drops below 1.0258, then we'll need to reassess as that is not expected. Bottom line, this rally should be swift. Don't go crazy with leverage. Let the market do the work for you.
Why R/R and Win Rate Matter❓ What’s the one thing that separates consistent traders from those stuck in a cycle of losses? It’s the combination of Risk-to-Reward (R/R) and Win Rate. These two metrics aren’t just numbers—they’re the foundation of every profitable trading strategy. Today, we’ll break down the facts and numbers behind R/R and Win Rate. You’ll learn how to evaluate whether your strategy is sustainable and why high win rates alone might not be enough. Let’s dive in! ? The Relationship Between R/R and Win Rate https://www.tradingview.com/x/AmWTTQZc/ This chart tells the story: your R/R ratio determines the percentage of trades you need to win to break even. But let’s be clear—breaking even isn’t our goal. We aim for profitability, and that’s only possible when your R/R and Win Rate are optimized. Here are some key examples: R/R = 5:1 (High Risk, Low Reward): Out of 100 trades, you need to win 98% just to break even. One or two losses can wipe out all your profits. Conclusion: This is unsustainable. R/R = 1:1 (Balanced): To break even, you need to win 50% of your trades. While this ratio is popular, achieving consistent profits requires a Win Rate over 80%, which is challenging. R/R = 1:2 (Ideal Minimum): You only need to win 33% of your trades to break even. With a 50-60% Win Rate, your profits can grow exponentially over time. Conclusion: This is the most realistic and effective ratio for both beginner and professional traders. Common Misconceptions About High Win Rates Many traders mistakenly equate high win rates with profitability. While a Win Rate of 80% might sound impressive, it can still lead to losses if paired with poor R/R. Example: Imagine a trader whose win rate is 80%, but their R/R is 5:1. Those 20% losing trades will erase all profits. This is why it’s crucial to analyze both metrics together and not get distracted by flashy results. The Psychology Behind R/R and Losing Streaks ? https://www.tradingview.com/x/Z633RHq2/ Losing streaks are inevitable, even with a solid strategy. What matters is how your R/R and mindset help you navigate them: The Role of R/R in Losing Streaks: With an R/R of 1:2, even after a streak of 5 losses, a single win can recover your account. On the other hand, with an R/R of 5:1, a losing streak can wipe you out entirely. Mindset Tip: Don’t fear losses. Instead, focus on executing your strategy consistently. Understand that a few losses won’t hurt your account if your R/R is optimized. Crafting a Sustainable Strategy ? Here’s how to create a strategy that balances R/R and Win Rate: Step 1: Define Your R/R Set a minimum R/R of 1:2 for your trades. This ensures that even with a 40% Win Rate, you remain profitable. Step 2: Backtest Your Strategy Test your strategy on historical data to calculate its true Win Rate. Adjust your R/R based on the results. Step 3: Manage Risk Effectively Never risk more than 1-2% of your account per trade. This minimizes the impact of losing streaks and allows for long-term growth. ? What’s your R/R ratio and how do you manage losing streaks? Share your insights in the comments below! I’m Skeptic , dedicated to simplifying trading and helping you achieve mastery step by step. Let’s keep growing together! ?
I think rune is forming a W- pattern.. we will long it as it reaches to our level.. Keep patience as its a key to success. The setup is mentioned..in the chart
US dollar weakened due to domestic policies, mixed economic data, and external pressures, while PMI trends shaped currencies, boosting gold.
David Balland, a co-founder of crypto wallet firm Ledger, and his partner have been safely freed after being kidnapped and held for ransom.
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In the days leading up to the TikTok ban in the U.S. on Sunday, U.S. users flooded the Chinese app RedNote, which offered a similar experience to their favorite short-form video app. The app, which is listed in the U.S. App Store under its Chinese name Xiaohongshu, quickly became the No. 1 free app in […] © 2024 TechCrunch. All rights reserved. For personal use only.
Angell, a French smart electric bike startup, has announced in an email to customers that the company is declaring insolvency and approaching a court to ask for judicial liquidation. “It’s over for Angell,” said company co-founder and CEO Marc Simoncini on Instagram. (He also happens to be a judge on the French version of “Shark […] © 2024 TechCrunch. All rights reserved. For personal use only.
Kodiak Robotics has officially handed off two autonomous trucks to customer Atlas Energy Solutions, marking the startup’s first commercial launch.  Atlas, a provider of proppant (i.e., sand) and oilfield logistics, received its first Kodiak-equipped trucks in December and began driverless operations in an off-road environment in West Texas’s remote Permian Basin shortly after. The company […] © 2024 TechCrunch. All rights reserved. For personal use only.