Lots of smaller trades today, without much success on follow throughs. I was trying to get back in the good books with my wife, so had to go out and only traded a few hours in the morning, London session.
The following is a euro/$ trade, bounce off a 200ema. The chf bounced down off daily 200ema at the same time. Great confirmation. I got in late on this as I was going out and managed to scrape 20 pips on 1st lot. Taken out 2nd lot at entry.
This was a carbon copy of yesterdays gbp move. I hope you are learning from all this !
My 1st trade of the day was a simple break out pullback of the asian range on the jpy/$. I have shown you this so many times now in previous posts. If you need to refresh your memory have a read back through some of these older posts.,
Again I got my 20 pip 1st lot (just) and broke even on the 2nd lot.
Just as i was finally going out, I posted the following on twitter;
“aud back at asian overnight high. wait for it to break & then pullback. horrible 1 hour boll bands on chf & euro, not great other majors”.
This aud trade would have earned you 20 pips 1st lot again on simple break/pullback of overnight asian high.
In the afternoon session (New York) which i really don’t like, i made and lost pips on a lot of silly little trades that I haven’t time to explain, but it was a net gain of 8 pips from 3 trades ! waste of time. Very tired today, so I’ll leave it there. If you don’t feel 100% it is best not to trade forex. I’m off for a siesta. hasta luego.
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