Trade Of The Day

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

February 6, 2020 | 6:04 pm | Trading Analysis > Trade Of The Day
February 6, 2020 | 6:04 pm
Trading Analysis > Trade Of The Day
Trade of The Day_ 336 Pips Profit with Excellent swing position

Excellent swing position based on price action.

Zackary.L. from Canada is currently trading in our 40K evaluation program.
Zackary.L. 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:
Swing trader. Using price action with alerts being driven from indicators.

Open Position
On 03/02/2020 he opens a sell position on GBP/AUD and he held this position for only 1 day.
It also seems that he open sell position after the price opens this trading week with a GAP down.
It seems that after the GAP down he looks for a good price action setup to sell in the lower time frames.
During all this time he held the position the price had many technical corrections,
Holding this position during these corrections definitely required patience and tones of discipline.
The Max DD for this position was only 10 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
Zackary.L. close this position on 04/02/2020 with a 336 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 about 10% of the profit.
Holding a position and wait for 336 pips definitely required patience and discipline from a forex trader, many traders would run away before.
Definitely wise decision to close a sell position when the price reaches a significant demand and after a few attempts didn’t succeed to break this demand.
Great position from a great swing forex trader, it seems Zackary.L on his way to pass the evaluation and become a funded trader.

Currency: GBP/AUD

Position: Short

Profit: 336.1pips

DrawDown: 10 pips

From Peak Potential: 111.1pips

Duration: 1D 13H 42M

The 5%ers’ Score: 1720.21

Well done to Zackary.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 February 3, 2020.

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