EURUSD Day Trading Strategies Continue to Generate Profits – July 1-July 29 Charts
Summer is a busy time of year, so I haven’t posted weekly reviews since mid-May. But I am still trading EURUSD most mornings (start of the New York session), using the strategies discussed in the EURUSD Trading Course. Charts are published daily on Twitterand every few weeks I post a bunch of graphics on this site (like this article).
The pair has moved a lot most days, providing plenty of profit opportunities.
Here are charts with examples of transactions over the past month. Some days are missing if I didn’t trade. I only traded just over half of the available days in July
In each graphic there is a reference to “R”. Like -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 account.
It is a way to express risk and reward regardless of account size.
EURUSD Daily Trading Charts and July Trading Examples
Lots of TC strategy trades this month…mainly because with lots of moves, capturing trend moves was my main focus.
As you can see, most days in the past month provided ample opportunity to grab a few Rs or more each day, with some big days added as well as flat days where there weren’t many setups. Overall, trading conditions have been good.
Want to learn to trade like this? The EURUSD Day Trading Course covers strategies for crushing the EURUSD in two hours or less, as well as the mental game work and drills for getting into the profit zone and staying there.
By Cory Mitchell, CMT
Disclaimer: Nothing in this article is personal investment advice or advice for buying or selling anything. Trading is risky and can lead to substantial losses, even more than those deposited if you use leverage. Past performance does not necessarily indicate future performance.