Trading with 5m Force strategy, Day 25

First day of the week. It started with a price gap down for EURUSD and also fr other EUR related currency pairs due to Cyrprus related news.

Figure 01: EURUSD 5m chart

It was huge >150 pips down. Price then started to move sideways. Before the open of London session, price started to move upwards with force long entry signal. I could not takeit as price was moving both ways. I got confused. I wanted to stay out but I actually took the force sell signal. I wanted to see whether force signal is safe or not.

Fiugre 02: EURUSD 5m chart

Immediately before open price went down and after open, price went up. Here ar my trades.

Figure 03: EURUSD 5m chart

Total 37 pips loss with force signaly during the London opening hours. A bad day for alll. Many trader lost from the starting of the day.

As price showed some unexpected behaviour..... Price produced a huge gap down, so an upward movement was expected. I think I got that immediately after the London open.

Figure 04: EURUSD 5m chart

Got  41 pips there. Price started to bounce back from the upper supply area.

Figure 05: EURUSD 5m chart

Price retraced to weekly S1and also backed by fib level 23.6%. Price went to previous supply area for the second time. It's likely to pull back.

Figure 06: EURUSD 5m chart. Pull back from supply area

Price moved more than 30 pips but before that it again pulled back to upper supply area. Then I left the screen. I had to go outside. I can't stay infront of screen all the time. Two good opportunity came two and half hours after the NY open. Two sell signals. Before going to bed I took another sell signal. As I had to go to bed after day long market monitoring I gout out of my short trade with 7 pips. But later found, I could take lot more.

Over all I had 10 pips positive gain. But Force strategy gave >30 pips loss. Actually, I think all was not force fault. My execution was bad. But my other trades saved me.