In this post, I am going to share with you 2 live trades that I have taken yesterday and why I took one trade out early and made 20 pips lesser
I have recorded a live trade video below to show you the 2 live trades that were taken. For those of you who are user of my trade copier, you should have seen these 2 trades on your account as well.
The reason why I took the 2 trades out earlier without hitting the target profit is because both of them has hit major support and resistance level.
For the USDJPY, there are 2 levels of strong resistance and you can see them below
That is why I decide to exit it at the first resistance but the price manages to break through it and move 20 pips to hit the second resistance and is now being resisted by it.
For the EURUSD, I exit the trade early but it is good as the price went back up 22 pips.
Therefore what I want to tell you here is it is very important for you to know where are the major support and resistance level as it will allow you to exit your trade early to prevent the price from moving back to take back the profits.
As a lot of readers told me that the account I show on my blog are too big and they cant relate their account to mine. Therefore I have opened an account with $5,000 to show you the profits made so that it relates better to your account.
As a whole, we have made $784.78 with the signal so far from 1st to 6th Nov. If you have $1,000 in your account, you will be making $150 and if you have $2,000 in your account, you will be making $300 so far this month and we are only at the 6th day of November.
My Analysis on the EURUSD and USDJPY
I am not saying that the price will not move further up for the USDJPY or move down for the EURUSD. What we have to wait is for it to break the major support and resistance before we enter the trade.
If you are interested to join my Fx trade copier service for the 30 to 90 days trial, you can read more about it below