So
NZDUSD finally hit my first
profit target at
.80000 but I actually squeezed a few more pips out of the pair just to cover my roll over costs. I'm super excited that this trade was successful but I actually expected it to turn out like it did. If you didn't get a chance to read the
post when I entered this trade then I'll remind you of how it all went down. I entered the pair around
.83000 and held it for
22 days, 5 hours, 39 mins. Almost a month; Now that's what I call a
swing trade!! I rode the downtrend all the way down to my
FIRST profit target at
.80000 and let it hang until price touched
.79000. In this trade I pulled out about
400 pips and $19,147.50. In case you can't do the math, I traded 500,000 lots which cost me $8330.10. My max draw-down was ($497.50). Yes you read all that correctly. I turned $8330.10 into $19,147.50 in nearly 3 weeks. That's a
43.5% gain!!
Bitch Who Do You Love??
Below is a chart which shows the path of this pair from entry to 1st exit.
(NOTICE I DIDN'T ENTER THE TRADE UNTIL AFTER THE OLD RESISTANCE THAT TURNED SUPPORT WAS BROKEN)
My next target is .79000. I'll keep you all posted on how this the rest of this trade is playing out. I hope you all got a chance to make some money riding this awesome downtrend.
No comments:
Post a Comment