Dear fellow traders,
I wanted to share with you a trade I made on the EUR Futures last Thursday. To start, I conducted a thorough top-down analysis to assess the order flow. I began from the monthly timeframe and worked my way down to the 15-minute chart. Interestingly, I executed the trade based on the 30-second timeframe, highlighting the importance of adaptability in responding to market conditions.
The trade presented a risk-to-reward ratio of 6.9 to 1, which I took, but went on to make a significant move of over 205 pips which could have resulted in a 17 to 1 trade. It's crucial to conduct a top-down analysis, pinpoint a point of interest, and patiently wait for confirmation before entering a trade.
I'm eager to hear your feedback on this trade analysis, and if you're interested, I can share more insights like this in the future. Remember, each day presents an opportunity for improvement in our trading journey.
Until next time, I'm continuously honing my skills to become a better trader in every aspect.
Best regards,
Lord MEDZ
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Lord MEDZ