Trade of The Day: Accurate Trade Based on Supply and Demand
Trading Analysis > Trade Of The Day
GBP/NZD: 154Pips Profit in Just One Day.
Accurate Trade Based on Supply and Demand
Sana.U. from the United States is currently trading in our 40K evaluation program.
Sana.U. testify himself as a supply and demand forex trader.
He has 4 years of trading experience in the Forex market.
Here is a short description of his trading strategy and his trading method:
I have four years of experience in supply and demand trading, I am using four famous patterns of supply and demand:
Drop base rally, Rally base drop, drop base drop, rally base rally with price action confirmation and proper risk management.
On 20/01/2020 he opens a buy position on GBP/NZD and he held this position for one day.
It also seems that he open buy position while the price was in bearish momentum, so it seems like a reversal trade.
He opens this buy position just when the price reaches a fresh demand level which is a great decision to buy at demand.
During all this time he held the position the price had many technical corrections,
Holding this position during these corrections for one day definitely required patience and tones of discipline.
The Max DD for this position was only 8 pips which indicates a very accurate entry-level.
Sana.U. close this position on 21/01/2020 with a 154 pips profit.
Compare to the Max DD this position suffered from, it seems like a great Risk-Reward ratio for this position.
Holding a position for one day definitely required patience and discipline from a forex trader, many traders would run away before.
Definitely wise decision to close a buy position when the price reaches significant resistance.
So far, the exit level seems very accurate since the price really got blocked at that resistance level.
Overall, one of the most accurate trades we saw recently in The 5%ers fund.
Profit: 153.9 pips
DrawDown: 8.7 pips
From Peak Potential: 8 pips
Duration: 1D 9H 55M
The 5%ers’ Score: 794.62
Well done to Sana.U. for his perseverance.
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