Analyzing and drawing for the AM session yielded a couple of profitable trades. Round numbers and Bollinger Bands mostly used.

 

 

Sometimes it turns out that price moves against the position, and sometimes there are more points on the table.  In this case GBP moved against the position however it was still profitable. The CAD trade continued to move down nicely after the exit.

 

 

Also- Dow simulator trading update. There seemed to be a delay getting out of a position, first time it was very noticeable. A couple of trades were forced while price was still kind of choppy earlier in the session, and a substantial difference would have been made if a one of the positions wasn’t exited manually. Fear based exit as price was resting on 20 EMA. Perfect example of a trade that given some time would have worked. There was still technical justification to stay in.

Since the entry wasn’t ideal we’d need to give this a chance to see if the 20 EMA lends any support.

 

 

** Simulator **

There were a few profitable trades and then this one which was stopped out.

 

Looking back we can come up with a couple possible reasons for it. However, an important point is that for this approach we need to be careful buying at the top of the band. This is a failed breakout of the 25042 level. Price moved all the way to the lower band, to the tick. Also, on the bar after entry we can start to see the stochastics turning over (lower) again.

 

 

 

 

Here are 4 short trades:

The blue line represents the 1.2350 level. It’s good to be aware of the “50’s” and the whole numbers such as 1.2300, 1.2400 etc.

A similar trade was taken on AUD/USD.