This is how the EURUSD day trading strategies I use performed during the month of March. I only trade for approximately two hours each day, so these results are for the period between roughly 8:30 and 10:30 a.m. EST, during the London and New York overlap period. I trade using a one-minute chart.

The results are broken down based on the potential for each strategy. Executing every trade perfectly is not an easy task, so actual trading results will typically be lower. The goal is to continually progress and trade the strategies as well as possible. Once we are trading a strategy very well, then more strategies can be added to the trading plan to further boost returns.

I use a 2.5:1 reward to risk on every trade. I exit early for high-impact news announcements or if another valid signal develops in the opposite direction while I am in a trade. I also may exit early if it is pre-planned before the trade because of certain market conditions.

EURUSD Day Trading Strategy Profit Potential For Month of March

Before we can tally up March, here are the quick results for the last three days of month, March 29 to 31.

• Potential: +5.99R.
• DP: +3.6R.
• RT/RB +2.39R.
• Win 5 / 8 trades.

The following chart breaks down profit potential by week. These numbers come from actual trades, as well as missed trades that should have been taken and trades that were taken that shouldn’t have been (didn’t align with the strategies).

“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. For example, risking 1% of the account per trade, the profit potential for the strategies was 76.62% for March.

Remember, these figures are based on trading a strategy perfectly, according to the strategy parameters. The goal, which can take years, is to develop enough discipline and focus to approach the ideal/strategy profit potential number in our actual trading.

Also, to realize these returns, an ECN broker is pretty much required, ideally with a small spread. ECN brokers charge a commission, so commission costs, which can vary greatly, need to be deducted from the profit potential.

EURUSD Day Trading Strategy Totals

These numbers are how each strategy performed. They are my own trades, plus missed trades and trades I took that I shouldn’t have. I have included a chart with examples for each strategy.

Rounded Bottoms (RB) and Tops (RT): +47.04

• (By week: 8.5, 17.24, 12.61, 6.3, 2.39).

Double Pump (DP) +17.99R

• (By week: 0, 4.94, 6.95, 2.5, 3.6).

Snap Backs (SB): +6.33R

• (By week: 3.24, 0, 2.79, 0.3, 0).

Double Pump Variations (DP variation): 2.5R

• (By week: 0, 0, 2.5, 0, 0 ).

Triple Pump (TP): +2.66R

• (By week: 0, 0, 2.66, 0, 0).

My Own Personal Trading Observations/Areas to Work On

I felt I lacked some motivation this month. That’s alright, but this can also be worked on because it could become an issue if I get lazy. Also, I was supposed to go through all my charts for the last couple months last weekend. I didn’t. I must do that this weekend, or before I start trading again.

I have noticed that I am tending to exit trades more often. Through the many tests I have run over the years, I know I am better off staying in trades. I need to prove this to myself again by going through hundreds of trading examples. I find I have to do this every few months.