How to get R:R 12:1 in half an hour ...

Some professional fund managers would be happy to get a 12% return in a year. On a Dax 1-minute chart, you'll often see opportunities for that in less than an hour, as we found this morning.  I wasn't alone in getting that trade and this one only took half an hour.  A 1% risk gave a 12% return - you can do the sums if you'd rather risk 2 or 3% per trade.

So how do you do it? Using eWavesHarmonics, looking to buy the dips and sell the rallies ... seeking the lowest pip-risk, as in the above example.   After the London Open, price fell a little, before slowly making its way up, in a 5 wave move - this looked like the first motive wave up and we know they come in threes.  After that, it was just a matter of waiting for a correction 

There was much more than 12R available this morning.  My first entry was just tagged with a trailing SL - for a little over 1R - could have been managed a bit better, I admit.  No bother, though, the correction that took me out, immediately provided another entry, as price corrected to test a small momentum gap (you are missing out big-time, if you don't pay attention to the small gaps). The second trade had profits locked at 12R - then it was just a case of seeing where price might go to.  As it happened, it went as far as the H1 kick-start gap and promptly reversed.  Perhaps some more upside to come later ... we will see when New York wakes up.

Want to know more? Check out the Trader Training course, where all is explained.


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