Trade Review: EUR/JPY

Well, it looks like we got bit on this trade last night. My orders got triggered a little after midnight and a couple of hours after the European session opened we saw a drop in the Euro and the trade stopped out. Now, on the chart review, I pointed out that the trade worked after the US session opened at 8:00 am EST. The reason I pointed it out is because it felt like “déjà vu.” I’ve seen this situation many times before. My trade would get stopped out during the European session, and then I would see it work during the US session. I think it’s time to make a slight change in my method, in that I should start putting entry orders between 7:00 am to 8:00 am EST. There never seems to be follow through during the European session until the US markets open. Anyways, I’ll tweak the method and include it future picks.

Lot 1: -34 pips

Lot 2: -34 pips

Total: -68 pips

On a side note, please forgive me if you have emailed me and I have not responded. I’ve been having technical difficulties with my email account. Hopefully, it will get fixed soon. Sorry for the inconvenience. Thanks for your patience.