Forex Small Account Swing Trading - EUR/USD
Swing trades closed:
EUR/USD - Short 4,000 units @1.16669, Closed @1.15261
The strategy behind this trade was to short at the break of support of yellow wave 4 as confirmation of a downtrend. The trade was closed in a similar fashion; at the break of resistance of green wave 4 as confirmation of an uptrend.
The 60% profit was due to margin trading. A short of 4,000 units @1.16669 would have cost $4,667. But, with margin you can "borrow" $4,667 for a 2% down payment for a total of only $93. The net profit was $56 [(1.16669 - 1.15261)*4000]
https://www.tradingview.com/x/TRQVHxXF/
Current positions:
EUR/USD - Long
GBP/USD - Long
USD/CHF - Short
USD/JPY - Short
My future posts will be composed of closed trades (profit/loss) with strategy discussion as well has an update on current positions.
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