Thursday, January 26, 2012

26 January 2012 - AUDUSD pinbar reaches 1:2 R:R

No trades today, but I saw that the AUDUSD reach a new high today and would've hit a 1:2 R:R take-profit target if I had kept yesterday's long open. According to my backest results, a pinbar that hits a 1:1 R:R target has a 90% probability of hitting 1:2 R:R.

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