Trade Of The Day

99.1 Pips Profit Using Fundamental Technical Strategy in 12 hours

April 9, 2020 | 9:39 am | Trading Analysis > Trade Of The Day
April 9, 2020 | 9:39 am
Trading Analysis > Trade Of The Day
99.1 Pips Profit Using Fundamental Technical Strategy in 12 hours

Excellent Trade of The Day Using Fundamental Technical Strategy

99.1 pips profit in 12 hours. That’s Great.

Shuyan.W  from China is currently trading in our 40K evaluation program.
Shuyan.W testifies himself as a swing forex trader.
He has more than 5 years of trading experience in the Forex market.

Here is a short description of his trading strategy and his trading method:
My trading method is largely based on trend following, which is essentially a technical strategy
but fundamentals are also taken into consideration because the market would be very volatile when
high-impact news is getting released. It would be dangerous or even detrimental to your trading

Open Position
On 08/04/2020 he opens a buy position on AUD/USD and he held this position for 12 hours.
It also seems that he open buy position just after the price retest a new demand that created before.
The price created new demand and he chooses to buy after a technical correction of the price, it seems like a continuation trade.
Holding this position during these corrections definitely required patience and tones of discipline.
The Max DD for this position was only 13.2 pips which indicates a very accurate entry-level for this position.

99.1 Pips Profit Using Fundamental Technical Strategy in 12 hours

 

Close Position
Shuyan.W close this position on 08/04/2020 with a 99.1 pips profit after about 12 hours.
Compare to the Max DD this position suffered from, it seems like a great Risk-Reward ratio for this position, the DD is only 13.3% of the profit.
Holding a position and wait for 99 pips definitely required patience and discipline from a swing forex trader, many traders would run away before.
Definitely wise decision to close a buy position after 99 pips profit in 12 hours and when the price just reaches into the supply zone.
Great position from a great swing and short term forex trader, very accurate enter and exit, it seems Shuyan.W on his way to pass the evaluation and become a funded trader.

Currency:  AUD/USD

Position: Long

Profit: 99.1  pips

DrawDown: 13.2 pips

From Peak Potential: 3.2 pips

Duration: 0D 10H 40M

Well done to Shuyan.W  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 Apr 06-10/04/2020.

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