July 7, 2020 | +50 Pips | Short Term Trading

#1
Good Morning.

EURUSD chart is looking really nice today. Clear M30 signals (standard template) and so I looked for shorts on lower time frames.

profx7_m30_july_7.png
profx7_m30_july_7.png (38.65 KiB) Viewed 1497 times

On the M1 chart the price found a level where it started to bounce like a ball (every time a bit less). I entered short, moved my SL quickly. I added size when the price went down and moved my stop for the 2nd position. When the price slowed down I started to close my positions.

profx7_short_term_july7.png
profx7_short_term_july7.png (34.76 KiB) Viewed 1497 times
I know that some may think that 10-15 pips setups are not wort their attention but it is a lot easier to make five times 10 pips than one time 50 pips.

After closing my EURUSD positions I switched to GBPUDS and made a few more trades. I finished my morning work with a profit of 2.8% (50 pips).
profx7_7_july_stats.png
profx7_7_july_stats.png (7.41 KiB) Viewed 1418 times
profx7_7_july_stats2.png
profx7_7_july_stats2.png (7.62 KiB) Viewed 1418 times
If you have questions or would like to discuss your own trades, please let me know.

Alexander
ProFx 7 - The science of Trading

PS: In case you are wondering. With ProFx 7 and a bit of practice, everybody can do that.
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