$EURUSD Play by rules, not guesses...

I have not touched my short position yet. I am surprisingly patient.

I could have took partial profit at 1.4330 level, or even at 1.4385 when it broke up the short term trend line resistance (see the black line). But I was busy with other things…

Plus, my New Year resolution in trading is to keep on sitting tight unless it reaches to my initial target level, or it breaks Elliott wave rule for the trend to be an impulse wave (I only trade on impulse waves).

So, if EURUSD reaches 1.4454, it is a clear breaking of impulse wave criterion, so that is where my stop loss order sits.

And I use the travel distance of blue underline from the current resistance (1.4416), it is just around 1.4300. So I put my initial profit taking level there, but maybe a few pips above because of the bid/ask spread.


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Current risk exposure:

Rational Move always use stop loss orders, and this is the worse case potential loss over the capital for the currently open positions. This is unrealized loss is less or equal to the risk exposure.

Capital growth

From recent 100 trades (%) The growth right before the 1st trade is set to 0%.
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From recent 100 trades (%)
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Total returns

Since inception
(Aug 10, 2009)
Year-to-date Quarter-to-date
0% 0% 0%
This is a normalized value: the return on each trade is normalized against the capital just before the trade execution. This way, it is eliminating the effect by the capital change from deposits and withdrawals. The calculation thus reflects the trading performance of each trade. The value does not contain unrealized profits and losses. RM's trading strategy never risks more than 5% of the present capital. Not including subtraction by tax.

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