These are the charts and trades we saw in March (early US session) utilizing the strategy explained in the EURUSD Day Trading Course.
Charts are posted daily twitterand every month I post a bunch of charts to the Forex Trades & Analysis section of this site (like this article) (where you can find thousands of historical trades on charts).
Here is a chart with an example of last month’s trades. Some days are missing if I didn’t trade.
Each chart has a reference to ‘R’. Such as -1R or +2.5R. I risk 1% of my account on each trade, so R is 1%.
-1R is -1%.
+2.5R is +2.5% of the account.
Add these together to get your total for the day.
R is a way of expressing risk and reward regardless of account size.
EURUSD Day Trading Chart and Trade Examples for March 2023
Click the chart below to enlarge. Press ESC to close the enlarged image and return to this page. The chart flipping arrow is at the bottom of the expanded image.
Note that we only traded the first part of March, so we only have a handful of charts this month. I’m hoping to get back to my normal trading soon as I can deal with this allergy issue that’s having a huge impact on my sleep (so I’m not mentally prepared to trade in the morning).
These days were missing a lot of great opportunities. Definitely a more “sit and wait” type environment. But overall, most days provided at least one good opportunity. Waiting patiently for those opportunities and not overtrading paid off.
Want to learn how to trade like this? The EURUSD Day Trading Course covers strategies to destroy the EURUSD in his 2 hours or less, as well as mental game work and exercises to get into and stay in the profitable zone.
Day trading practice tools I use
I have included another great tool in my trading arsenal, allowing you to trade 21 years of historical forex charts as if they were live (anytime: day, night, weekend).
Download and replay high quality data per tick. Just like live, you pick a day and place your trade. Speeds up or slows down the rate at which candles form. Rewind, tweak your entry or exit.
Doing extra practice sessions means you improve faster. It also means you can practice for different types of market conditions. If your daily movements are declining or less, go back to a past low-movement time and practice. If your daily movements are intense or spiky, practice a period in the past when the same thing happened. This will help you adapt and get used to trading in all kinds of conditions.
Here’s a link to the software I’m using: use coupon code TRADE THAT SWING10 10% off.
Check out the video to see how it works.
If you do decide to get the software, our article/video on setting up Forex Tester will show you how to get everything set up and running.
Cory Mitchell, CMT
Disclaimer: This article does not constitute personal investment advice or trading advice. Trading is risky and using leverage can result in losses greater than your deposit. Past performance is no guarantee of future results.
