Summer is a busy time of year so I haven’t posted any weekly reviews since mid-May. But I’m still day trading the EURUSD most mornings (early New York session), utilizing the strategies discussed in the EURUSD Day Trading Course. Charts are posted daily on Twitter, and every few weeks I post a bunch of charts on this site (like this article).
The pair has been moving a lot most days, providing ample opportunity to profit.
Here are charts with examples of the trades over the last couple weeks. Some days are missing if I didn’t trade.
In each chart is 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.
It is a way to express risk and reward regardless of account size.
As you can see, most days over the last month provided enough opportunity to grab a couple R or more each day, with some big days thrown in there along with some flat days where there weren’t many setups. Overall, trading conditions have been good.
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.
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 doesn’t necessarily indicate future performance.