Swing Trading the POC – EUR/USD Live Trade Setup

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There was a nice swing trade I took on the EUR/USD recently.

I took a long trade with 87 profit target and 87 stop loss from 1.1756 which is a rather significant level. The reason behind this level from which we got long, was a strong point of control which illustrated strong buying activity would likely occur again if this level was re-tested. This principle is at the core of our volume accumulation forex trading strategy.

The reaction to the strong volume area was quite precise and I had my +87 pips profit ($870 per lot) in three days.

If you want to know how EXACTLY I do my swing trade analysis, check out this article where I teach you step by step how I do my long-term swing trading analysis.

Do you want access to Trader Dale’s Advanced Volume Profile Training Course, TD’s Flexible Volume Profile, Daily Levels Video, and Member’s Forum? Click Here to Learn How.

Happy trading!

-Dale

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Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

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Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

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