Here are recorded day trading sessions, where I talk you through day 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, or 630 to 830 Mountain time, which is what my charts are.
More recently I am trading from 8 to 10 am EST.
So far, there are three live video recordings. Day trading can sometimes be a little slow with not a lot of action, but I try to fill in as much time as possible talking about the current price action, preparing for what could happen, giving tips, and providing resources to check out.
The videos are below, with some comments on each.
Live EURUSD Day Trading Non-Farm Payrolls Release – 1-minute Chart
Live day trading the EURUSD non-farm payrolls (NFP) trading the 1-minute chart forex chart. Managed to add 2.7% to the account in 1.5 hours. There was a lot of movement, but I mainly stayed out due to large candle sizes which means large stop losses. Did manage to capture a couple wins.
Chart is in Mountain Time (2 hours behind Eastern Time (so 630 on the chart is 830 EST).
I also had a few trading mistakes on the day. Missed 1.5R (1.5%) early on in the day. Then I messed up my target placement on the last two trades and had to move it around on my chart to get it in the right spot. Those trades fizzled anyway.
I recorded the full 1.5 hours. I talk through the whole thing, and this gives a sense of what I am doing even if am not recording. Trading can be boring at times waiting for trades. I talk through what I am seeing and doing to avoid impulsive trades. If you want to learn how to trade like this, watch the EURUSD Day Trading Course videos.
November 4 – 2022
Live EURUSD Day Trading Videos – 1-Minute Chart
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.
I also discuss mind frame 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.
You may have to turn up the audio a bit on the videos; the kids are sleeping one room over so I try to talk quietly. That’s also the reason why I don’t record more sessions or have a live chat currently.
+5.25% in 1 hour – Feb. 11, 2021
+3.975% in 1.5 hours – Feb. 17, 2021
Just prior to the recorded session below, I had two tough days in a row where the market was really choppy. It was the first potential losing week of the year*, so the psychology coming into this day was a little different. I had several losing trades in a row coming into this Friday session and so I wanted to discuss that because we all have days where we are a little low on confidence, and this was one of those days.
The options are to not trade and wait for the trade setups you like to start working (let the market and strategies re-prove themselves to you), or you can do what I did and that is to allow some early exits to just get some wins back under your belt. I don’t recommend this latter approach all the time because returns will typically be lower than if you let your trades play out (like on this day), but it can help with navigating a tough period in the market and pulling some profit out.
*Turns out I was asleep at the wheel a little earlier in the week; on the Monday I didn’t take any trades when there was an easy 5R to 7.5R sitting there based on the strategies. Other traders using the strategies pointed them out to me, which I appreciate. We’re not going to be in top form every day, but the goal is simply to be in as close to top form as often as possible. If I had traded a little better on the Monday, then the actual tough days (Wed and Thurs) don’t matter as much because I’m up much more for the week.
+3.65R (or more…you’ll see why) in 1 hour – Friday, Oct. 22, 2021
Tools for Day Trading the EURUSD
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, here are the results for 2021.
R is equal to the equivalent %, if risking 1% per trade; for example, 63R = 63% if risking 1% per trade.
- January: +63R potential
- February: +78R potential
- March: +76R potential
- April: +76R potential
- May: +94R potential
- June: +91R potential
- July: +67R potential
- August: +38R potential (we can see the drop in volatility affecting the number of trades and thus the profit potential)
- September: +51R potential.
- October: +46R
- November: 48R
- December: 53R
I haven’t posted the weekly and monthly reviews for much of 2022 although returns have still been excellent.
I post my day trading charts on Twitter @corymitc if you want to follow along with how the strategies perform daily. I also regularly write a post that shows about a month’s worth of charts and trades…like this one for July 2022. You can assess the profitability of the strategies from those posts.
I like using this position sizing calculator while I trade. I use the same stop loss size for most of my trades within a day, but I do occasionally adjust it based on the size of the trigger candle.
I do my analysis on TradingView and my trades are placed on MetaTrader4). It is a lot easier to draw and show the trades and reward:risk on TradingView versus MT4.
And I use this economic calendar. It’s set to show only the high-impact news. I step aside and close out trades just prior to high-impact news events.
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.
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.