0 to 100% MONEY in Trading Small FOREX Account - Part 7

I have successfully doubled the Small Forex Account Challenge in the 7th Part. Profit! What trades I took to make money in trading small account? Lets see.
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The 50 dollars small account is finally up by around 100 percent. We have successfully doubled the small Forex Trading Account. In the last episode, we managed to get this account up to 80 percent in profit. In this video, you will learn how I was able to find this trade, that finally got this account to 100 percent in profit. Furthermore, you will also see the win rate, the number of trades I had to take to double the account, and how many number of winners and losers I had along the way.

So if you are trading on a small account, this video will help you see the win rate required to make money as a trader.

First of all, lets understand the reason behind taking this trade. In almost all trading videos I have uploaded on this channel, I always say, take trade in the direction of the long term trend, and use the 200 period moving average to find that long term trend.

On this chart, price was in a strong uptrend. It was above the 200 period exponential moving average. When I opened this chart, the price was giving a pullback.

Also, the price was respecting the trend line while giving a pullback. Since the price was above the 200 period moving average, I was only looking to buy. But when MACD gave a buy entry signal, I didn't immediately buy. That's because the price was still respecting the strong trendline resistance. So instead of taking a trade immediately, I waited for the price to break this trend line resistance, and make a higher high.

If you are watching the Trading Rush Channel for the first time, and don't know about the MACD strategy, watch the first video on this channel. It's a trading strategy that had the highest win rate when I tested it 100 times.

Along with the trend line resistance, I also drew other strong supports and resistances on the chart. The red lines indicates the strong support and resistance levels, and the orange line means a weak level.

After MACD gave a buy entry signal, the price was struggling to cross the strong support level. This indicates a buying pressure in this area. But still, price was respecting the trendline resistance. So I waited for the price to break this area, and make a higher high.

I made a time lapse while staring at the chart. Now, watch closely. In this pullback, price was easily making a lower low. But now, it couldn't make a new low at the resistance I drew. If you don't know how to draw strong support and resistance area, I have made a video on that topic, watch it if you want.

When price couldn't make a new low, it was looking like the pullback was over, and the price was starting to go up. When the price crossed the trendline and the resistance line, I took a position, and was hoping for the price to move further up towards the next strong resistance.

Stoploss was below this strong support. But as you can see, the price did not immediately go further up. It had a strong rejection at the resistance level, and the next candle that followed was a big red candle. This was kind of scary, but since I had the stoploss, below a strong support, the price didn't touch it, and kept going up.

When I saw that the price was going in my direction as predicted, I closed the trading platform after adjusting the profit target just below the next strong resistance area.

When I came back. The profit target was achieved, and the small account had reached its goal. The price did struggle at the weak resistance i drew, but then it finally broke through.

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