Hello Raunak and Simple_Trader,
Ur point is valid but problem with me is I am not having consistently profitable trades and hence I m waiting for 1:2 to 1:3 risk reward to keep my account in profit... hard and stupidic to accept and speak a loud in public but my success vs failure ratio is 1:1 so if i trade with 1:1 risk reward, i end up having no profit - no loss... which is not worth investing employing money, time and efforts especially... No offense, just a personal opinion....
On separate note, I found something interesting on RPower chart... may not be applicable in real life trading but still thought of sharing with you all for the discussion...
Ur point is valid but problem with me is I am not having consistently profitable trades and hence I m waiting for 1:2 to 1:3 risk reward to keep my account in profit... hard and stupidic to accept and speak a loud in public but my success vs failure ratio is 1:1 so if i trade with 1:1 risk reward, i end up having no profit - no loss... which is not worth investing employing money, time and efforts especially... No offense, just a personal opinion....
On separate note, I found something interesting on RPower chart... may not be applicable in real life trading but still thought of sharing with you all for the discussion...
As per me all trades have 1:1 risk reward (my personal interpretation). It is only myth that we think 1:2, 1:3, 1:4 risk reward. Other wise, we get option spread trade with 1:4 risk reward. Does it mean that we will make tons of money if we trade option spread? It is not. Risk reward has trade off with probability of getting trade right. Actually many have different opinions in market.
Regarding rpower, nice finding! thebigger picture is it got stuck at weekly band, so correcting. If market condition is bad, then it can visit lower band. other wise it can give a bounce to 180.
Happy trading!!