Trade Of The Day

Trade of The Day: 135 pips profit in only Seven Hours

February 11, 2020 | 7:21 pm | Trading Room > Trade Of The Day
February 11, 2020 | 7:21 pm
Trading Room > Trade Of The Day
Trade of The Day_ 135 pips profit in only Seven Hours

Excellent Swing Position Based on Divergence at Support/Resistance Levels

135 pips profit in only Seven Hours

Nattaporn.Y. from Thailand is currently trading in our 40K evaluation program.
Nattaporn.Y. testify himself as a swing forex trader.
He has 5 years of trading experience in the Forex market.

Here is a short description of his trading strategy and his trading method:
Technical analysis – swing trading based on divergence at support/resistance level.

Open Position
On 10/02/2020 he opens a buy position on GBP/NZD and he held this position for only 7 hours.
It also seems that he open buy position after the price just changed the momentum from bearish to bullish.
The price created a new high and he bought after a technical correction of the price.
Holding this position during these corrections definitely required patience and tones of discipline.
The Max DD for this position was only 6 pips which indicates a very accurate entry-level for a swing position.

Trade of The Day: 336 Pips Profit with Excellent swing position

 

 

 

Close Position
Nattaporn.Y. close this position on 10/02/2020 with a 135 pips profit.
Compare to the Max DD this position suffered from, it seems like a great Risk-Reward ratio for this position, the DD is only 6% of the profit.
Holding a position and wait for 135 pips definitely required patience and discipline from a forex trader, many traders would run away before.
Definitely wise decision to close a buy position after 135 pips profit in one day and when the price just reaches into the supply zone.
Great position from a great swing forex trader, very accurate enter and exit, it seems Nattaporn.Y on his way to pass the evaluation and become a funded trader.

Currency: GBP/NZD

Position: Long

Profit: 134.7

DrawDown: 6.3 pips

From Peak Potential: 13.8

Duration: 0D 7H 46M

The 5%ers’ Score: 751.28

Well done to Nattaporn.Y. for his perseverance.
We encourage traders, and we look forward to bringing you some more trader insights and success stories.

 

Click here for our Weekly Supply & Demand Forex Analysis Video on February 10, 2020.

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