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US Session
No. of signal recommendations: 1
End-of-session results: EUR/USD (+10 pips)
Maximum potential: 25 pips
Late Session
No. of signal recommendations: 1
End-of-session results: CHF/JPY (+5 pips)
Maximum potential: 15 pips
100-pip Dynamic Stops System
No. of improved signal entries: 2
Running risks: Zero risk, 35
Max profits: +30, 0
Target hit:
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We entered near the day high on EUR/USD and there were some nice profits to be booked throughout the session (10 - 25 pips). The downward move was surprisingly slow and mild despite the "in tune" US trade balance report.
The remaining position was also a zero-risk trade by setting a parachute stop loss at 30 pips. Since this euro trade went my way 30 pips in the post-session hours, the parachute stop loss was triggered. If the price comes back to my entry, I will get out flat.
Again, the late hours action was slow again. May be we had enough of the wild actions seen in the yen crosses during the last 2-3 days.
On the other hand, I was able to take a wild ride on the yen-crosses markets last night - simply go short when the market is trending down (as mentioned in the bonus strategy). Those positions produced over 200 pips overnight.
It was doable. I picked up my confirmations from the following trend check analysis and acted without the help of forex killer as signal entry:
Japanese Yen Market Sentiment - 80% Bullish
Smart Scan GBP/JPY Trend Score: - 65 (Downtrend)
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