Trading with 5m Force strategy, Day 8

Happy International Mother Language day...

Today is a very important day. About 7-8 high impact news to be released on this day. I started my day with a missed trade which had 24 pips. After that a long entry set up was on and I took it without any delay. Gave me 10 pips. Not a bad start.

Then a short entry was developing and I took that too without delay. Initially it was moving my way and I could get 5 pips. But I waited to get better trade profit. It went against me and I got out with 13 pip loss.



 I got another short entry immediately before the starting of London session. That was the time of a high impact news release too. I shouldn't get into that trade. It was French flash manufacturing PMI. Luckily it was bearish and I got T/P hit at 20 pips. If I could hold this position till the writing of this post, I could have gained >100 pips.



See the news impact on price

 But another high impact news was released after the French flash manufacturing PMI. It was German flash manufacturing PMI.

After the German flash manufacturing PMI news release, I took another short and I got 10 pips there.

Four high impact news is coming for USD. So more dancing of price is coming. Besides testing this 5m force strategy, I think I'll also try for long term trade with this pair and others.... I'll post the result separately.

Now the price is moving sideways WS2 below and MS1 above. As price hit lower TL and bounced back, I took a long trade. I don't think it was a good ideas as the price was in the bearish channel. Main movement of price is downwards. On daily chart, it is bear trend. Last 2 days candle was bear, longer ones..

Let us see the price action in M30 time frame.

I got out with 1 pip loss as the price was moving sideways. But I coul have gained at least 14 pips there.

Because even after getting out of the trade with -1 pip, there was good, valid long signal at near open of NY session. Later I missed another short signal. Then I went out assuming close of my fx trading for the day. But returning home I came to check for the last time of the day and I couldn't resist myself from taking a short trade as the price was approaching to the upper TL and a probable bearish bounce was there. As expted, I got that.

I took the short trade as soon as I got the other signals in line. I bagged nice 11 pips there. Now I think I can quit for today. There is a bullish signal is developing but I'm done.

Total pips collected today: 10 - 13 + 20 + 10 + 10 -1 + 11 = 47

Happy pipping!!