EURUSD Day Trading Strategy Week In Review (Jan 19 To 22)

Solid week for the EURUSD day trading strategies. I usually expect about one losing day per week. This week there were none, so during my day trading window of 8:30 to 10:30 am EST, the EURUSD 1-minute was acting quite well.

Totals for this week:

  • +15.78R (up from +7.29R last week, and +12.86R the week before)
    • “R” is a standardized risk amount. It could be 1% of the account, 0.5% of the account, or any amount you choose based on your position sizing method.
  • 8 wins /13 trades = 61% win rate (37.5% last week)
     
  • Potential was 18.66R. In other words, my mistakes cost me about 2.88R this week.
     
  • 84% efficiency (15.78 / 18.66) versus 42% efficiency last week. The focus on staying focused paid off, as well as being more aggressive and not missing trades. These were both things I noted last week I needed to focus on.
     
  • Reward to Risk: 2.71 This is something I am very consistent in, and saves me even in tougher weeks. Don’t abandon your profit targets! (2.86:1 last week)
    • Winners: 2.48 + 2.35 + 2.51 + 2.31 + 2.61+ 3.17 +2.6 + 2.5
      = 20.53 / 8 = 2.56
    • Losers: 0.92 + 0.88 + 1.04 + 0.95 + 0.93(mistake)
      = 12.02 / 5 = 0.944
    • 2.56 / 0.944 = 2.71
  • Trades not taken: 0R.
    • BIG improvement
  • Trades taken that shouldn’t have been: -0.93 = -0.93
     
  • Stop loss in the wrong position resulted in -0.95R loss instead of 1R profit = 1.95R difference.

A lot of these stats you can track in the free and downloadable forex day trading log (Excel spreadsheet).

Strategy Totals

These are optimal results, including trades I missed and excluding trades I shouldn’t have been in. This is so I can ascertain over time which strategies are working the best and producing the most profit potential.

  • Rounded Tops and Bottoms strategy profit: +6.42R
    (2.48, 2.35, 2.51, -0.92)
     
  • Snap Back strategy profit: +5.77R
    (3.17, 2.6, one -0.95 loser not included because was a mistake)
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I will have a EURUSD day trading course out by June, but in the meantime, learn the fundamentals of trading the forex market with the  more

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