Here are my EUR/USD day trades from Thursday Feb 16th. We feel its just as important to post the losers as well as winners and this day I took 2 trades and lost a total of 25 pips for the day. As you can see I initially had the direction right for the long but the timing was off. The first trade just barely missed my 20 pip stop and when it couldn’t move off showing the SM was trapping traders there so I closed it manually at -10 pips.
Then I figured after the slow push down it would extend and I could get a possible 40 pips. It did go 20 pips down for me so I tightened up the stop a bit and lost the 15 pips on that trade. Once the US market opened at the 2nd grey box it was off to the races for 170 pip move. The reason I was looking at the long at first was this was the end of the SM trend and had a high potential to reverse up. That is what I get for going against the Smart Money on the second trade.
If your interested in trading with the Smart Money you can check out our trading philosophy and keep up with this recent trades section. When your convinced just sign up for the day trading course and get live training twice a week during both London and New York sessions. Happy trading.
Chad