A1 Trading

Making $1957 Trading CAD/CHF

May 13, 2021
TraderNick

Crazy enough, I took a trade on CAD/CHF that resulted in a major profit, and then it set up again... You can read the blog post I made about it here.

So very similar to my last trade, I was bullish on the CAD, and liked the idea of jumping in on another pullback. Here's what I sent out to members inside the private group:

So I took the trade... and sure enough the bull rally continued! Shortly after, I was moving my stop to break even.

Once price rallied to the previous high, I started to trail my stop loss. Here's what I sent out to members:

Sure enough, it rallied a bit past this level on fresh CPI news out of the US (which, due to the CHF and CAD's relationships to USD respectively, caused the pair to spike higher). From here, I aggressively moved my stop loss higher, in case there was a spike the opposite way as we often see post news events.

In the end, the trade was a great winner. Closing out at about a 4 to 1 risk to reward. Meaning, for every $100 I risked, I ended up making $400. Not a bad way to start the week!

For full transparency, my trades are NOT always this good. I took a loss shortly after this on AUDUSD, which resulted in a -$550 loss. Here's what I thought would happen! (I ended up getting spiked out of the trade on a stop loss. Frustrating, but part of the game sometimes!)

You win some, you lose some. The main point though is that the big wins can outweigh the losses, and that's all that matters in the end. If you like my trade breakdowns, make sure to join us inside the private group, where I share all of my trades in realtime with analysis like you've seen in this post. Use code READER for a discount! Click here to join our private discord channel

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DISCLAIMER: All comments made by TraderNick’s Forex Group, LLC are for educational and informational purposes only. All comments should not be construed as investment advice regarding the purchase or sale of any securities or financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities or financial instruments mentioned by TraderNick’s Forex Group, LLC. TraderNick’s Forex Group, LLC assumes no responsibility for your trading and investment results. All information on any of the platforms utilized by TraderNick’s Forex Group, LLC was obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. TraderNick’s Forex Group, LLC, its employees, representatives, and affiliated individuals may have a position or effect transactions in the securities and financial instruments herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves very high risk and may not be suitable for all investors. TraderNick’s Forex Group, LLC, its subsidiaries and all affiliated individuals assume no responsibility for your trading and investment result. Read our full disclaimer here
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