AUG 5TH TRADE RESULTS

Hi, I hit my targets on both of my set ups on the 1hr and the 4hr. Was 2 greats trades and I was able to grow my account around 4% of so on both.

2 trades entered AUG 5th 1 1hr trade and 1 4hr trade

1 hr trade on top   4 hr trade on bottom with boxes to help see the R/R

The emas just give you a visual. The more fanned out they are, the stronger the trend is. 2 emas would not show at a glance the trend strength. I want to post a couple trades I just entered. With these set ups I use boxes to give a visual for the R/R. On the 4hr its only a 1/1. I am using a 10k account size so based on the 2% rule I could only take a 10k lot size. Target for the 4hr was 1.63731 Entry was 1.61291 Stop was 1.59223 Target minus Entry = 244 pips Entry minus Stop = 207 pips equals a R/R of 2.4% to 2.07% Which is a 1/1 in my book. For the 1hr Target = 0.91832 Entry = 0.91370 Stop = 0.91022 Target minus Entry = 50 pips Entry minus Stop = 35 50 pips of gain vs 35 pips of loss R/R = 1 Account Size = $10,000 , $200 = 2% 35 pips x 50k lot = $175 of loss. So that was my size for this trade. 50 pips x 50k lot = $250 of potential gain.