Today, I want to talk about my trading experience during the European bank holiday. With no significant red folder news scheduled on the economic calendar, I took the opportunity to place long trades on a couple of yen crosses and indices overnight.
During the London session, three out of four trades closed in profit, and only one hit my stop loss. However, when the NY session opened, I noticed that short scalps were the only viable options, as I didn't want to fight the fresh uptrend too long.
I waited patiently and took long trades later in the day, which turned out to be a profitable decision. I want to emphasize that I traded across five accounts, and even though I know it seems like a lot, using a trade copier helped me manage them effortlessly.
I believe that as traders, we should always take advantage of market opportunities and be flexible enough to adapt to changing market conditions. This is what sets us apart from others, and ultimately leads to successful trading.
I hope my experience during the European bank holiday gives you some insight into how I approach the market and make decisions based on my analysis. Remember, always stick to your trading plan and risk management rules.
Below you will find a snapshot of my trades across five accounts (3 Live Funded, 2 Evaluation). Thank you for reading, and happy trading!
AUD/JPY
Friday gave us Day 1 Long Breakout traders confirming Thursdays transition
I pulled fibs across the day rang low to high
I entered from 23.6 during Asian session following JPY PMI Data Release
Price eventually formed a micro w and auctioned upwards toward target
Admittedly, i woke up in London and closed the position up 2:1
I normally let something like this run to full TP but I wanted to lock in some profit to start the week
USD/JPY
Similar idea to AUD/JPY
Need to be more picky with correlated pairs
Must also pay attention to Average Daily Range
25 pip SL may not be enough on this pair
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