I will be closing this trade out near the yellow circle, looking to Bank 300 pips. My stop loss is currently residing 100 pips above entry, leaving a satisfying 3:1 Reward to Risk Ratio.
I consistently take profits out of the market, week in and week out, with a simple strategy. My developed strategy can fit on a napkin. In my mind, complex strategies will not produce consistent profits...
The Market is like a rubber band... I buy/sell at the band's exhausted stretch, and take profits in the retraction. Anyone can play this game risk free, equipped with the proper mental fortitude.
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