Here are recorded day trading sessions, where I talk you through trading the EURUSD 1-minute chart during the 2-hour window I trade (sometimes a little shorter, sometimes a little longer). I trade from approximately 830 to 1030 am EST (630 to 830 Mountain time, which is what my charts are).
The two recordings below show the importance of remaining composed, and taking the context of the day into consideration when deciding whether to take trades or not. Both of these days were relatively low movement while I was trading.
+5.25% in 1 hour – Feb. 11, 2021
+3.975% in 1.5 hours – Feb. 17, 2021
At the end of each week and month I publish summaries of how the strategies performed, as well as what I personally need to work on. For example, January 2021 produced 63R (or 63% if risking 1% per trade).
The videos above discuss the strategies I use, and there is an additional article on the SnapBack strategy. I hope to eventually have articles on all the strategies.
I talk a lot about mind frame in these videos, and clearing any voices that distract us or keep us from executing our strategies well. You can read more about this internal clearing/negotiation process in Why We Mess Up Trades and What To Do About It.
I post my day trading charts on Twitter @corymitc if you want to follow along with how the strategies perform daily.
I like using this position sizing calculator while I trade.
I do my analysis on TradingView and my trades are placed on MetaTrader4.
And I use this economic calendar, and have it show only the high-impact news (I don’t care about oil inventories or sentiment/confidence news; I step aside and close out trades just prior to other high-impact news events).
If you are new to forex, check out the Forex Introduction Course. I am currently working on a EURUSD day trading course, and hope to have it available by June
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.