6.2% Forex Profit In Less Than 90 Minutes [Case Study]

Forex profit

Last Friday I made a 6.2% Forex profit on my account on one trade.

 

Two weeks ago I shared a 12% profit on one trade.

 

I trade for

 

  • Less than 60 minutes a day
     
  • I risk less than 2% per trade
     
  • And I always look to maximize my reward

 

This is how I can pick out trades like this daily, which yield such big profits. And allow me to stay home 7 days a week and watch my daughter Anna grow every day.
 

And this is how you build a trading account fast without having loads of time.

 

What I will share in this case study is what I teach in my marquee All In One Forex Course.

 

But let's jump right into the case study.

 

Case Study Rules

 

If you actually want to learn how you can do this for yourself, then get ready.

 

If you are not interested in these kind of profits just hit X now.

 

The only rule is you need to take the time to go through the cast study in it's entirety.

 

The 1st Thing I Do

 

First things first, I don't just jump into the charts when I first get started.

 

I think this is the wrong thing to do.

 

Instead I do three things.

 

  1. I open ForexFactory

    I take a look over the economic calendar for the day and see if any
    interesting news has been scheduled.

    WARNING: Not all news is scheduled, don't just rely on a news calendar and this is where #2 comes in
     

  1. I turn on my RanSquawk news feed

    The RanSquawk is an audio live news feed which not only alerts you of any upcoming news. The news is actually shared LIVE over the audio feed. This is a level up from an economic calendar and I think should be used. If you are a long term trader (daily charts etc) there is probably no use. But if you are a day trader etc, I definitely think you should be using it.


     
  1. I open my Forex Trading Journal
     

My Forex trading journal is different for several reasons. I have pre-coded formula which tells me my actual lot size to trade, based on my account balance, risk % and the amount of pips I have for a stop loss. This is all done automatically. I take this time to read my trading rules before I look at the charts.

 

Starting The Forex Clock

 

In the  beginning of this case study, I shared I only trade 60 minutes a day and it's not completely true.

 

I normally trade less. But my efficiency starts well before actual trading.

 

This is not a necessity for me but loads of people in the VintagEducation community work full time. So I have to share a solution which caters to their current lack of time. One of these methods is only spending 60 minutes a day looking at charts.

 

Why 60 minutes?

 

People with full time commitments can spare 60 minutes to look at charts and pick out at least 1 good trade.

 

 

This trade case study was found in 12 minutes (just like the last case study) and as you become better, you will pick more than 1 trade an hour.

 

So once the charts are open I start the timer!

 

 

This provides some healthy pressure, but it also doesn't have you looking at charts all day.

 

In this 60 minutes, I am looking for really good trade opportunities.

 

 

My Chart Setup

 

So the clock is ticking and this is an example of what I see.

 

 

All the instruments I trade on an intra-day basis are put together in one profile of 15 minute charts.

 

This way I am not jumping from chart to chart wasting time. Everything is geared to being efficient.

 

I can see which instruments are shaping up and which ones look slow. You should notice, currencies are not the only thing I trade. Because what I teach works on any financial instrument and any time frame. The 12% case study was a Gold trade. This week I am focusing on currencies.

 

Your Charts Going Forward

 

If you were not already, definitely consider putting all the instruments you trade together and looking like this. You will save loads of time in itself.

 

 

The USD/JPY Trade

 

So last Friday I scouted out a short trade opportunity on USD/JPY 15 minute chart. (key -green line is entry, red line above is stop loss, red line below is take profit).

 

6.2% Forex profits

 

After scouting the level on a 15 minute. I sometimes drop down to a 2 minute chart to get the best entry possible. But I didn't do that with this trade. I knew my stop loss would be a maximum of 10 pips.

 

Automation or Manual

 

Now this trade for me was manual entry. I hit the sell button but I didn't wait around watching charts for 90 minutes. At the time, everything was ready to go. If you can't wait around, use an order to automatically open a trade for you. I do this when I don't want to wait, or I will be unavailable doing something else. It works both ways.

 

The entry however for me was the only manual component. I had a stop loss in place and my take profit which would automatically close out the trade. As soon as I hit sell, I closed down my charts and spent the day with Anna my daughter. My stop loss and take profit were determined before I took the trade and would not be amended.

 

I always use a stop loss and take profit. It automates the process and I don't need to be around. It also helps with your Forex psychology. If you are in a trade and you can't walk away, I think you are risking too much. Watching charts is a dangerous game.

 

 

I Spent The Day With Anna. I Didn't Stare At Charts All Day

 

So after I hit the sell button, the trade went into auto-pilot. It was either, I would lose a minimal 2% which I could live with. Or I was set to make a 6.2% profit. I made the 6.2% profit.

 

As you can see, the trade went immediately into profit and the trade was over really quickly. I obviously wasn't there but came back later to take the picture of the completed trade for journal purposes.

 

Price did drop below my take profit quite a bit and I mention this for two reasons.

 

  1. I wasn't being greedy. I expected price to drop much further down

     

  2. I normally expect price to go beyond my take profit. I actually look forward to it because it means I am picking good trades.
     

 

So I was with Anna for the day while my trade was doing the business. Perhaps if you are full time, you would go off to work. Because I trade like this, I am home 7 days a week. So on this day it was just me and Anna. From the time I opened the trade, up until it closed, I didn't check it once.

 

There was no micro-managing, there was no editing. In that 60 minutes on Friday, I picked out this trade and took the trade. The trade lasted exactly 90 minutes. I increased my Forex account by 6.2% profit. And that was the week of trading done.

 

Now you can start to see why my All In One Forex course is $997

 

Psychological Elements

 

Before I rap things up on this case study. I do want to focus on the Forex psychology element because it is very important.

 

Let me start with risk!

 

I can walk away from charts, and not need to stalk the charts, because I risk so little. Believe me, I have traded big percentages before and I barely wanted to blink. If you risk a small amount, you are much more relaxed. This is good for your Forex psychology.

 

Stop loss

 

I always use a stop loss and following on from risk, this allows me to be super relaxed. I am not worried about how much I will lose because I already know the exact amount I will lose because I chose it myself before opening the trade.

 

Take profit

I always use take profits. I don't allow greed to take over. Just like my risk, I know my target before I open the trade. This is also very good for Forex psychology.

 

All together these elements of automation, leave me really relaxed, because I know the result before I have even opened a trade. I have accepted either scenario. This is extremely comfortable.

 

No chart indicators

 

I did not really touch on it, but you should have noticed, my charts are extremely clean. I use no indicators to tell me which way the market is going or where to take a trade. I have learned to trade for myself and recommend everyone do so too. This is the best long term solution for your trading.

 

For me it comes down to one decision. Am I buying or am I selling. This is all you should need to know.

 

Fast Track Your Forex Journey

 

I take 60 minutes a day and pick out trades like this all the time. Last week I took this trade and I made 6.2% profit on my account from it.

 

If you want to learn how to trade like this and build your Forex account 60 minutes a day. You need to take my All In One Forex Course which walks you through, learning how to pick out trades like this and build your Forex account.

 

The price of the course is one payment of $997. And could increase any day. (you get lifetime updates also so get the course now)

 

 

Click Here To Buy The Course Now For $997