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Targets
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Here you can see the current targets for the NickB method on the pairs listed below. Do you trade the NickB method on a pair other than the one listed below? Use the comments section to let us know your target and stop. This will help other traders wanting to trade the same pair. The targets listed below are all refined targets so they are not the ones calculated with the ADR formula.
GBP/JPY
Scalp Lines
Target – 80 pips
Stop - 70 pips
Constant Lines
Target – 65 pips
Stop – 50 pips
{ 5 comments… read them below or add one }
Maybe I missed it in the new Ebook but I can’t find the part that explains how the spread should fit in there.
tnx to Metalhawk for his work
Target/Stop for GBPUSD please.
Well I use 100/50 for target/stop on all pairs. I swing trade the Nick B method using daily charts so I have more upside room, I suppose. I have a horribly low 50% success rate, however with a 2:1 reward ratio I’m still highly profitable.
Nick, if you are reading this. Any suggestions on stop and targets for longer swing trades using daily charts? I find that I’m too easily stopped out but also many times miss my targets by 5-10 pips… like I said 50% success rate. I trade this way because I have a demanding full time job and I only spend 20 minutes a day placing and monitoring orders.
Any feedback is greatly appreciated!
Hello! Just clicked over here from your 2010 edition method guide. You had indicated that you were providing targets for three pairs- the GBP/JPY, EUR/JPY, and GPY/USD. The other two will be added soon?
I only trade aud/usd
anyone share they targets, stops,
I understand the nickb adr formula,
Any thoughts on trailing stop or move to break even , calculate from adr