Trade of The Day: Ending 2019 With a Great Swing Position
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CHF/JPY: 234 Pips Profit in Just 6 Days
Trade of The Day Swing Position
Arturo.Y. from Spain is currently trading in our 40K evaluation program.
Arturo.Y. testify himself as a swing trader who mostly trades with the current momentum.
He has 2 years of trading experience in the Forex market.
Here is a short description of his trading strategy and his trading method:
Arturo.Y uses in his strategy indicators and oscillators to analyze the chart.
He learned the trading method through the YouTube educational channel called NNSFX (No-Nonsense Forex).
He is using both Technical and Fundamental analysis in order to get his trading decision.
On 02/12/2019 he opens a buy position on CHF/JPY and he held this position until the end of December.
It also seems that he open buy position while the price was in bullish momentum in the higher time frames, so it seems like a continuation trade.
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.
If we look in the high time frame charts we can see that he chose to buy CHF/JPY when the price just broke out a resistance zone.
The Max DD for this position was about 44 pips, not so bad for a position that earned 234pips.
Arturo.Y. close this position on 30/12/2019 after the entire month with a 234 pips profit.
Compare to the Max DD this position suffered from, it seems like a great Risk-Reward ratio for this position.
Holding the position for an entire month definitely required patience and discipline from a swing forex trader.
In the W1 chart, we can see that the position closed when the price just reached the supply level.
Definitely wise decision to close a buy position when the price reaches the supply level.
So far, the exit level seems very accurate since the price really got blocked in that supply level.
Profit: 234.9 pips
DrawDown: 43.8 pips
From Peak Potential: 28.3 pips
Duration: 28D 0H 9M
The 5%ers’ Score: 925.71
Well done to Arturo.Y. for his perseverance.
We encourage traders, and we look forward to bringing you some more trader insights and success stories.
Supply & Demand Order flow week ahead analysis live session. Weekly Supply & Demand Forex Analysis | December 29, 2019 video
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