Naked Chart Based Trading PRM style "LESS IS MORE"

GBPJPY looks interesting, I do not trade breakouts, but perhaps good for someone that does.

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Risky trade for me, but am enticed by upside potential when & if breakout occurs, stop & target on chart. Long GBPJPY.

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Trading levels you're either on the right side or the wrong side. Thankfully, 'stop hunting' doesn't take place all the time.
 
Reward:Risk ratio is of most importance to traders that are not in possession of a high win 'sauce'. I like that ratio to be around 3/1 (risk 1% gain 3%), as it's both realistic to achieve and provides sufficient gain to make a net profit. A win rate of just 25% puts you at breakeven, anything above that is profit.
 
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