I have exited from my position of NZDJPY and the gain is around 350 pips. With the stop loss only 60 pips, if the risk is 3%, with the proper money management the profit will be 350 / 60 = 5.83 x 3% = 17.5%. This is quite high result. It is a very good result for the first year.
We normally set monthly profit target 7.5% to 12.5%, if we can achieve it early, then we do not trade for the whole months. It means I might not trade again for this month.
I am seeing potential correction at the moment.
If you see the “Candle stick”, that’s the candle stick for exit. The signal that the trend has ended.
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