This Week's Trading Review

This week's trading mainly focused on AUD, with short positions on EURAUD and long positions on AUDJPY, which are "tail end" trades.
EURAUD showed a short opportunity on Wednesday during the Asian session; after entering, the price didn't retrace much and broke downward directly, reaching the target level during the US session for profit-taking and exiting.
After exiting, the price retraced, breaking through the original entry point. It was a very beautiful trade.
At the same time, AUDJPY presented a long entry opportunity; after entering, it continued upward, reaching the first target level, then moved the stop-loss up for protection, watching whether it would reach the second target level the next day, which was also the final target.
Unfortunately, after some volatility, the price turned downward, hitting the protective stop and exiting. This trade broke even or made a small profit.
Overall, each trade had a profit-to-loss ratio greater than 1. The AUDJPY trade could have had an even larger ratio, but it didn't fully play out; however, it was protected, making it a risk-free trade.
The essence of trading is controlling calculated risk and maximizing profit as much as possible.
Ensuring each trade has a profit-to-loss ratio greater than 1 is the fundamental logic for long-term profitability.
Its only shortcoming is that opportunities are limited, but there's no need to worry.
By properly handling each trade that appears and applying compound interest mechanisms, one can achieve substantial profits and greater stability. #Gate广场五月交易分享