The Trade That Passed Phase 1 of 400k Funded Account In 2 Days - #forex

Kingdom Trader Anastasia
11 Sept 202405:57

Summary

TLDRIn this trading video, the speaker discusses their successful AUDUSD trade, which passed the first phase of their 400k account challenge. They detail their strategy of waiting for a bearish move, identifying liquidity collection, and correlating with other currency pairs for higher probability trades. The speaker shares their risk management approach, risking 1.5% on a trade with a 12 pip stop loss, and their use of indicators like Market Cipher, RSI, and volume analysis to identify high confluence for potential price movements. The video captures a significant profit made in a short span, highlighting the importance of trading setups and risk management.

Takeaways

  • 📈 The trader successfully passed phase one of their 400k account with a significant trade on AUDUSD.
  • 🧭 They were anticipating a bearish move in the pair and identified a large upward move as a liquidity collection opportunity.
  • ⏰ The trade was executed pre-NFP (Non-Farm Payrolls report), indicating the trader's strategy was based on economic data anticipation.
  • 📊 They correlated AUDUSD with other currency pairs moving inversely, increasing their confidence in the trade direction.
  • đŸ’Œ The trader uses a combination of fair value gaps, areas of interest, and liquidity to identify trading opportunities.
  • 🛑 They risked 1.5% on the trade with a 12 pip stop loss, emphasizing a disciplined risk management approach.
  • đŸ’č Despite an initial loss, they adjusted their stop loss and ultimately made a profit of 47.8k using 43 lots.
  • 📉 The trader expected the price to reach the weekly EMA or even the 50% Fibonacci level, showing a clear understanding of technical analysis.
  • 📊 They used Market Cipher, a trading tool, to identify high confluence bearish signals, contributing to their decision to enter the trade.
  • 📊 The trader also considered the Relative Strength Index (RSI) and trading volume to confirm their trade setup.
  • 🔄 They traded with the expectation of holding for about two weeks, highlighting their swing trading strategy.

Q & A

  • What currency pair is the speaker trading?

    -The speaker is trading the AUD/USD currency pair.

  • What was the speaker waiting for before entering the trade?

    -The speaker was waiting for AUD/USD to make a bearish move and for liquidity to be collected at a higher level before entering the trade.

  • What event does the speaker mention that had an impact on the trade?

    -The speaker mentions the NFP (Non-Farm Payroll) report as a key event that caused a significant move in the market, which impacted their trade.

  • What was the speaker’s risk management strategy for this trade?

    -The speaker risked 1.5% of their account with a 12-pip stop loss on this trade. They stated they do not risk more than 1.5% per trade.

  • How much profit did the speaker make on this trade?

    -The speaker made $47,800 on the trade by using 43 lots.

  • What technical tools and indicators does the speaker use for analysis?

    -The speaker uses fair value gaps, areas of interest, market correlations with other pairs, Market Cipher (a technical analysis tool), RSI, volume analysis, and Fibonacci levels.

  • Why did the speaker decide to use a large lot size for this trade?

    -The speaker decided to use a large lot size (43 lots) because the stop loss was very small at only 12 pips, which allowed for a larger position size while still managing risk.

  • What is the significance of the speaker’s $400k account?

    -The $400k account represents the funded account the speaker is trading on, and this trade passed phase one of the account challenge in less than two days.

  • How does the speaker typically trade in terms of time frames and holding positions?

    -The speaker typically holds trades for two weeks or until the trade completes, depending on market conditions.

  • How does the speaker use volume in their analysis?

    -The speaker uses volume to confirm the strength of moves, noting high volume in certain areas as a confluence for entering trades.

Outlines

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Highlights

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Transcripts

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Étiquettes Connexes
AUDUSDTrading StrategiesRisk ManagementMarket AnalysisLiquidity TradingBearish MoveConfluence IndicatorsNFP ImpactVolume AnalysisProfit Maximization
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