LEVEL GBP/USD 26 SEPTEMBER 2008

GBP/USD

GBP/USD
Buy Stop 1.8440 TP 1.8470 SL 1.8410
Sell Stop 1.8300 TP 1.8270 SL 1.8330

LEVEL USD/JPY 26 SEPTEMBER 2008

USD/JPY

USD/JPY
Buy Stop 106.70 TP 107.00 SL 106.40
Sell Stop 106.20 TP 105.90 SL 106.50

LEVEL EUR/USD 26 SEPTEMBER 2008

EUR/USD

EUR/USD
Buy Stop 1.4660 TP 1.4690 SL 1.4630
Sell Stop 1.4580 TP 1.4550 SL 1.4610

LEVEL USD/CHF 26 SEPTEMBER 2008

USD/CHF


USD/CHF
Buy Stop 1.0930 TP 1.0960 SL 1.0900
Sell Stop 1.0850 TP 1.0820 SL 1.0880

LEVEL GBP/JPY 26 SEPTEMBER 2008

GBP/JPY

GBP/JPY
Buy Stop 196.20 TP 196.70 SL 195.70
Sell Stop 195.00 TP 194.50 SL 195.50

Money management strategy

Your risk per a trade should never exceed 3% per trade. It's better to adjust your risk to 1% or 2%
We prefer a risk of 1% but if you are confident in your trading system then you can lever your risk up to 3%

1% risk of a 100,000$ account = 1,000$

You should adjust your stop loss so that you never lose more than 1,000$ per a single trade.

If you are a short term trader and you place your stop loss 50 pips below/above your entry point .
50 pips = 1,000$
1 pips = 20$

The size of your trade should be adjusted so that you risk 20$/pip. With 20:1 leverage,your trade size will be 200,000$

If the trade is stopped, you will lose 1,000$ which is 1% of your balance.

This trade will require 10,000$ = 10% of your balance.

If you are a long term trader and you place your stop loss 200 pips below/above your entry point.
200 pips = 1,000$
1 pip = 5$

The size of your trade should be adjusted so that you risk 5$/pip. With 20:1 leverage, your trade size will be 50,000$

If the trade is stopped, you will lose 1,000$ which is 1% of your balance.

This trade will require 2,500$ = 2.5% of your balance.

This's just an example. Your trading balance and leverage provided by your broker may differ from this formula. The most important is to stick to the 1% risk rule. Never risk too much in one trade. It's a fatal mistake when a trader lose 2 or 3 trades in a row, then he will be confident that his next trade will be winning and he may add more money to this trade. This's how you can blow up your account in a short time! A disciplined trader should never let his emotions and greed control his decisions.