Trade Of The Day

Trade of The Day: Perfect Trade, Mostly Based on Fundamental Analysis

January 29, 2020 | 11:33 am | Trading Analysis > Trade Of The Day
January 29, 2020 | 11:33 am
Trading Analysis > Trade Of The Day
Trade of The Day Perfect Trade, Mostly Based on Fundamental Analysis

GBP/AUD: 318Pips Profit in Seven Days.

Perfect Trade Based on Fundamental Analysis

Kevin.H. from the United States is currently trading in our 52K evaluation program.
Kevin.H. testify himself as a long term 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:
I analyze the big fundamentals for a particular currency based on sentiment indicators, then look for price action confirmation on weekly/daily/4 hour patterns.

Open Position
On 21/01/2020 he opens a buy position on GBP/AUD and he held this position for seven days.
It also seems that he open buy position while the price was in bullish momentum in the high time frame charts, so it seems like a continuation trade.
He opens this buy position just when the price broke out resistance zone 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 for seven days definitely required patience and tones of discipline.
The Max DD for this position was only 31.8 pips which indicates a very accurate entry-level for a long term position.

Trade of The Day: Perfect Trade, Mostly Based on Fundamental Analysis.

 

 

 

Close Position
Kevin.H. close this position on 28/01/2020 with a 318pips 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 for seven days 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 a significant supply which we can see in the weekly chart.
So far, the exit level seems very accurate since the price really got blocked at that supply level.
Great position from a great long term forex trader, it seems Kevin.H on his way to pass the evaluation and become a funded trader.

Currency: GBP/AUD

Position: Long

Profit: 317.7 pips

DrawDown: 31.8 pips

From Peak Potential: 65.7 pips

Duration: 7D 4H 8M

The 5%ers’ Score: 1544.65

Well done to Kevin.H. 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 | January 26, 2020.

If you want to receive an invitation to our live webinars.
Sign up for our Newsletter.

Subscribe to our youtube channel.

Click here to check how to get qualified.

Click here to check our funding programs.

Share:

WE FUND FOREX TRADERS!

The5%ers let you trade the company’s capital, You get to take 50% of the profit, we cover the losses. Get your trading evaluated and become a Forex funded account trader.

Get Your Forex Funded Trading Account

Well Done!

You won Free Admission to 52K Evaluation

Leave your name and email and we'll contact you

Well Done!

You won Free Admission to 40K Evaluation

Leave your name and email and we'll contact you

Well Done!

You won Free Admission to 24K Evaluation

Leave your name and email and we'll contact you

Well Done!

You won 15% Cashback For any Program

Leave your name and email and we'll contact you

Well Done!

You won 10% Cashback For any Program

Leave your name and email and we'll contact you

Well Done!

You won 5% Cashback For any Program

Leave your name and email and we'll contact you

Login

Your message is underway!

You will be hearing from us shortly