Trade Of The Day

Trade of The Week: 500 Pips Within 6 Trading Days

September 12, 2019 | 12:24 pm | The 5%ers' Blog > Trade Of The Day
September 12, 2019 | 12:24 pm
The 5%ers' Blog > Trade Of The Day
Great swing position with 500 pips

Squeeze the Recent Uptrend With a Profit of 500 Pips on GBP/JPY.

Thursday  12/09/2019

Justice.N. from the UK once again performed the best trade among all our traders for this week with 500 pips earned.

He opened a buy position on GBP/JPY on 03/09/2019.

He held this buy position until 10/09/2019.

The Draw Down that this position suffered from was only 25.1 pips,

Compared to the 500 pips earned – it’s really nothing.

That means this position had an extraordinary Risk-Reward ratio.

On 13/08/2019. a fresh demand was formed, Justice chose to enter it when it returned to the same level on 03/09/2019.

He closed this buy position when the price just reached a supply level.

If we look at the chart, it really looks like he succeeded in squeezing almost all of the recent uptrend.

Holding the position for 6 trading days definitely required patience and discipline from a forex trader.

It seems Justice.N. has a great and deep understanding of supply and demand which are critical levels.

Great swing position, well-done Justice.N.

 

 

 

 

 

 

 

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