EURUSD- 100 Dollar Challenge (Trade 2)

31 Jul 2019

This is a quick trade I'm taking in anticipation of the Fed rate cut. I'm keeping my RR to 1:1 because I'm not risking too much on this trade. I'm anticipating a larger movement tomorrow possibly, but if not, I think we're positioning ourselves for a larger swing in the next week or two.

I have begun to take an interest in coaching people and giving private lessons on technicals for trading. I'm only doing this because I have confidence that I've developed strategies that make me a consistently profitable trader, and I'd love to teach anyone and everyone that feels that they are struggling. Please send me a private message if you are interested! I believe it's far more valuable that traders learn how to trade independently rather than depending on published Tradingview charts.

Symbol: EURUSD
Starting Balance: $100
Current Balance: $89.50
Position Size: 895 units
Take Profit: 50 Pips ($4.48)
Percentage Profit: 5%
Stop Loss: 50 Pips ($4.48)
Percentage Loss: 5%

Entry Price: 1.11527
Profit Price: 1.11027
Stop Loss Price: 1.12027

31 Jul 2019

Trade aktif

I have doubled my target so that it isn't triggered upon the fed rate news. If this cuts at 50 BP or more, I anticipate a larger downward movement. I will be adding to my position with 5% more risk if the cut happens, and I will be adding an additional 5% at every pullback to the 200 ema line along the way. My hope is to squeeze this overall swing for 60-80% profit.

31 Jul 2019

Trade aktif

Added an equal position at 1.11350. waiting for this to move down. I will swiftly exit if the news is unfavorable. Otherwise, I will continue to ride out the wave and add to my position over this week and the next.

31 Jul 2019

Trade aktif

Original target hit, but still active!

1 Agu 2019

Trading ditutup secara manual

I notice that price is starting to get squeezed, and the 15M chart is closely approaching the 50 ema. I do not at all think that the trade is finished, but I am instead choosing to secure profits and re-enter at a risk of 15% whenever price touches the 200 ema. I will be posting my third trade as soon as this happens.

Trade 2 Stats:
Starting Balance: $100
Balance before trade: $89.50
Current Balance: $110.07
Profit from trade: $20.63
Percentage gain: 23.06%
Net percentage gain: 10.07%

myfxbook.com/members/Nickpadovani1/100-dollar-challenge/3453384