Yesterday EU price moved north following NY session. In this last part of asian session found no valid signal. Actually I could not monitor chart action. It's now starting the london session.
A good pin bar formed at the starte of london session and price bounced from the lower TL. I took the long trade without any delay. Now see what price did afterwards.
Price reversed and bounced again on the lower TL. Another position could be taken but it was too close to previous one and I'm too new to take such risk. Price is above the DR1. Monthly, weekly and daily pivot all are below the price. Now time to see what happened..
A nice upward movement towards the upper TL. Collected 12 pips. Now wait for the next set up.
1 hour after the NY open a good sell signal came, when price crosed the weekly and monthly pivot and approaching the daily pivot. Below the daily pivot, DS1 is the usual line there. I got out of the trade with 3 pips and eventually I could get 33 pips there price ultimately reached the DS1 and lower longer TL. See how it looks....
I got out of the trade as price was moving sideways forming a double bottom at the daily pivot. But price broke the support line by some good 30 pips. Missed a good trade. One thing... this price movement was during the last hour of London session.
I think I'm still finding difficulty in holding a trade and getting out of the trade at right time. I'll have to work on that more.
Another double bottom formed at lower TL and I took the long trade with the confirmed bounce from there.
Grabbed 6 pips there. Then waited for a high impact news release. It was FOMC meeting minutes. Just after the news, price started to fall and I grabbed 10 pips there. That's for today.
Total pips: 12 + 3 + 6 + 10 = 31
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