These are the charts and trades that I saw in April and May (early US session and some early German/London session) utilizing the strategies discussed in the EURUSD Day Trading Course.
Charts are posted daily on Twitter, and every month I post a bunch of charts on this site (like this article) in the Forex Trades & Analysis section (where you can now find thousands of historic trades with charts).
Here are charts with examples of the trades over the last month. Some days are missing if I didn’t trade.
In each chart, there’s a reference to “R”. Such as -1R or +2.5R. I risk 1% of my account on each trade, so R for me is 1%.
-1R is -1%.
+2.5R is +2.5% on the account.
Add these up to get the total for the day.
R is a way to express risk and reward regardless of account size.
EURUSD Day Trading Charts and Trade Examples for April & May 2023
Click on the chart below to expand it. Press ESC to close the expanded image and return to this page. Arrows to flip through the charts are along the bottom of the expanded image.
It’s summer, and that means I am trading less because I am busy with golf tournaments, travel, and being outdoors. Thus there isn’t a chart for each day. Just the days I traded or put some notes on the chart.
Want to learn how to trade like this? The EURUSD Day Trading Course covers strategies for crushing the EURUSD in two hours or less, as well as mental game work and exercises to get in the profit-making zone and stay there.
Day Trading Practice Tool I’m Using
I have included another amazing tool in my trading arsenal. It allows me to trade 21 years of historical forex charts as if they were live (any time: days, nights, weekends).
Download tick-by-tick high-quality data, and then replay it. Select a day and place trades, just like it was live. Speed up or slow down the speed of candles forming. Rewind to fine-tune your entries or exits.
Doing extra practice sessions means improving quicker. It also means you can practice for different types of market conditions. If daily movement is dropping or low, go back and practice on low movement times in the past. If daily movement is high or spiking, practice periods in the past where the same thing was happening. This will help you adapt and get used to trading in all different types of conditions.
Here’s the link to the software I’m using: use coupon code TRADETHATSWING10 to get 10% off.
And check out the video to see how it works.
If you decide to get the software, the article/video Setting Up Forex Tester shows you how to get everything up and running.
By Cory Mitchell, CMT
Disclaimer: Nothing in this article is personal investment advice, or advice to buy or sell anything. Trading is risky and can result in substantial losses, even more than deposited if using leverage. Past performance can’t guarantee future results.