Update from last night's potential move on the Dollar Swiss. Was looking for completion of a wave 5 which started to materialise today around lunchtime.Nice uptrend, no signs of weakness today.
Entry came on the 15 minute chart, with a classic swing low poking just outside the lower bollinger band.
20 point Stop
110+ Point Move (and still going) - @22:40GMT
I think there's more in this move, however I'm stalking the next trade.
Risk Reward was a massive 5:1. The real holy grail in trading is money management, tight stop losses and letting your winners run. 50% hit rate and still make money, that's your goal long term.
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