Trade Of The Day

Accurate Enter and Exit: 93.5 Pips Profit in One Day

February 23, 2020 | 2:53 pm | Trading Analysis > Trade Of The Day
February 23, 2020 | 2:53 pm
Trading Analysis > Trade Of The Day

Accurate enter and exit required patience and discipline

93.5 pips profit in only One Day.

Andrea.L  from Italy is currently trading in our 24K evaluation program.
Andrea.L. testify himself as a swing forex trader.
He has 3 years of trading experience in the Forex market.

Here is a short description of his trading strategy and his trading method:
My trading style is based exclusively on the Price Action that I have learned and I am still studying with my mentor Navin from Urban Forex whom I thank.
I rely above all on the identification of the movements by the Big Boys and I always try to enter the market with them and never against them.
I look at the economic calendar that gives me a general idea of ​​what could happen each day and then I check the price action in the various market sessions, Asian, European and American.

Open Position
On 20/02/2020 he opens a buy position on GBP/USD and he held this position for only 1 day.
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, it seems clear on the M15 chart.
Holding this position during these corrections definitely required patience and tones of discipline.
The Max DD for this position was only 4.6 pips which indicates a very accurate entry-level for a swing position.

Accurate Enter and Exit: 93.5 Pips Profit in One Day

 

 

 

Close Position
Andrea.L. close this position on 21/02/2020 with a 93.5 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 4.9% of the profit.
Holding a position and wait for 93 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 93 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 Andrea.L on his way to pass the evaluation and become a funded trader.

Currency: GBP/USD

Position: Long

Profit: 93.5

DrawDown: 4.6 pips

From Peak Potential: 7.2

Duration: 1D 1H 44M

Well done to Andrea.L 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 17, 2020.

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