Two days ago we recommended taking the LONG GBPUSD trade because of the > 91% odds on the GBPUSD CCOC tool.
The CCOC is an EOD proprietary tool and the trade was taken at Close on the final closing price around 1.5920 (depending on your broker's quote). The trade was taken on October 6, 2009.
The CCOC is an EOD proprietary tool and the trade was taken at Close on the final closing price around 1.5920 (depending on your broker's quote). The trade was taken on October 6, 2009.
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The trade turned out to be a great winner. Today we took profit on it, at 1.6060.
A fantastic 140 pips profit in only two days.
A fantastic 140 pips profit in only two days.
In dollar terms, for every $1.592, we've made $1.400 (or every $1000, we've made $879, an 87.9% profit in only 2 days).
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On the RL Frequency Graph (below), 1.6060 was one of the most frequent RL levels.
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On the RL Scaling Table (below), you can see that the 1.6060 had 71.56% of the odds to go SHORT, a very good level to take profit.
If you took this trade, you can hold it for more, if you want, just check the odds, have a stop loss in place and get out before it reaches 100% odds.
If you took this trade, you can hold it for more, if you want, just check the odds, have a stop loss in place and get out before it reaches 100% odds.
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Now you can see the advantage of trading FOREX with RL. A >87% profit in just 2 days is definitely hard to achieve with Future or Equities, but with FOREX, it is highly possible, it is actually happening every week.
If you are trading EURUSD, USDJPY and you want to use the RL tools, you can Sign Up here.
Posted by:
Wilson @ RL Team
If you are trading EURUSD, USDJPY and you want to use the RL tools, you can Sign Up here.
Posted by:
Wilson @ RL Team
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