Today’s morning trading session – EURUSD, EURAUD

Today I have managed to trade through morning session both EURAUD and EURUSD pair. Every day before I go to bed I write down very simple plan of IF>THEN scenarios for the next trading session. Yesterday I wrote this for EURUSD:

So as soon EURUSD was below 3300 I decided to look for short opportunities. I managed to execute 5trades. One trade was LONG trade which was supposed to be scalp but eventually didn’t work well and had to be finished with -3pips loss. Rest of the trades were able to bring +61pips. General methodology was to wait if 3292 would hold and if so I was ready to go SHORT. I also decided to enter multiple positions if VOLUME increases after the BID’s were rejected at 3292. The volume indeed increased and I was ready to enter SHORT every time I get reasonable pullback:

I also executed one trade in EURAUD on my second T3 sub-account. This trade turned out to be very successful in a very short amount of time producing +82pips (see image gallery). Overall very successful morning session. I am not intending to trade in the afternoon trading session due to lack of news data coming out of US so happy trading to all in the afternoon 😉