Support and Resistance Trading Forum

Re: Trade idea
By:Buck
Date: 1/13/2010, 9:22 am
In Response To: Trade idea *PIC* (Rob)

This is an interesting chart and your pivot trading is generally sound but I have one little question: Isn't it dangerous to risk 4-points ($4,000) -- more if you use the lower pivot for a stop -- for a reward of only 1-point ($1,000) -- which is the First Profit Target?

Of course if you're right, the risk-reward isn't so important. But what if you're wrong? You've lost 4-times your potential profits in one trade.

Responses To This Message

Re: Trade idea
Rob -- 1/13/2010, 10:26 am
ONLINE COMMODITIES TRADING