23 trades were taken for a total of +125 pips some of the trades taken are discussed below.
Today we finally saw a London session with plenty of price action. The first trade Franjo decided to take was a long trade on GBPUSD which was a O2W trade idea. Franjo closed part of his position for +10 pips and most of the position for +13 pips before he was stopped out for break even on the last bit. The next trade Franjo was looking to take was a long trade on USDCHF at the 15 minute levels with the help of the lower 60 minute box. Franjo entered the trade and added to his position 7 pips lower as this was an even safer entry. Suddenly USDCHF dropped and Fanjo was stopped out for -14 and -8 pips on his two positions. Good thing he had a fixed stop loss in place as USDCHF dropped 30 pips in seconds. USDCHF came down to a good O2W set up so Franjo took immediately another long position with a tight 10 pip stop loss. He was able to close half of his position for +10 pips and balance for +20 but this will not be counted towards the daily pip count since Kashif posted the trade on the announcer first and therefore his result will be counted which was +8 on half and +16 on balance of the position.
The next trade Franjo took was a long O2W set up on EURUSD where he took a quick +8 on part of his position before getting stopped out on balance for break even. At the same time EURJPY was approaching decent support levels on all four time frames so Franjo decided to take a long position. He was never down more than the spread and was able to close part of his position for +11 pips announcing that he would run the rest of his position all the way to the 1 minute white zone target. This is exactly what happened so Franjo was able to close balance of his EURJPY long position for +34 pips.
Important: You can't win all trades but make sure you cut your losses when the market is not doing what you expect – wait for the next set up and get back in.
Paul was away today for the New York session, so Luka covered for him. NY opened with some price action and Luka spotted a descent short opportunity on EURUSD with resistance levels on different time frames close to his entry. EURJPY was also at descent resistance. Luka took 2 lots short on EURUSD, and after it went against him a few pips he closed 1 lot at the 1mins for +5 pips. EURUSD kept moving down so Luka kept his second lot and was able to take 15 and more pips, but he was looking to keep it for the previous low. Unfortunately Luka was stopped out on the second half for break even. Most people in the room got in at a better level a few pips higher and made a descent amount of pips on this trade.
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