Surprise! The EURUSD Moved on a London Bank Holiday!

Last Friday was not easy to trade, so I didn’t. It seems that many European banks were closed, and that usually makes the market move in awkward patterns due to liquidity issues.

I saw on the Forex Factory Calendar that today the UK Banks were closed. I thought trading might be slow and full of spikes. Wrong!

The moves today were frequent…and beautiful. There were many…all through the night (for me) and during the New York Session. I took a few more trades in the wee early morning hours, but in the interest of timeĀ  — mine ;-) — I’m only going to show the last 3 EURUSD scalps I made.

These were a bit more than my regular “scalps…for just a few pips”. I had made some decent money earlier, so I reduced my lot size so that I could be a bit more aggressive and “hold on” a little longer for more profit (using a little different exit strategy than usual). That’s what I’m showing in the following trades.

As these trade setups are fairly obvious, both entries and exits, I’m not going to comment on them very much. You’ll probably find them quite obvious as to why I entered and exited when I did. :-)

*** TRADE #1

Logical Flow Flip - Click to Enlarge

Logical Flow Flip - Click to Enlarge

Exit #1

Logical Flow Flip - Click to Enlarge

Logical Flow Flip - Click to Enlarge

*** TRADE #2

The previous major trend was up – a buy. The trade I just took (shown above) was for a rather deep retrace, but that made sense given the size of the previous move. This move is a continuation of the prior upwards trend. Patience.

Continue Previous Trend - Click to Enlarge

Continue Previous Trend - Click to Enlarge

Exit #2

Powerful Magnet line…at least powerful enough for me to exit (with profit, and no stress) even though price continued upwards a bit longer. I put the profit in the bank, and then just wait to see what happens (a big drop happened next, not shown here).

Continue Previous Trend - Click to Enlarge

Continue Previous Trend - Click to Enlarge

*** TRADE #3

Continuation Continues - Click to Enlarge

Continuation Continues - Click to Enlarge

Exit #3

There were many more pips available in this move, but as I prefer to trade with no stress, I’m very happy with the exit and feel absolutely no remorse in my profit, nor in “missing out” on anything.

Continuation Continues - Click to Enlarge

Continuation Continues - Click to Enlarge

This has been a suprisingly fun day to trade. It’s just another example of why we don’t want to predict or guess what the market will do. We just trade the times that we have allocated, and if trades are available, we take them, and if not, we don’t…and either way, we’re thankful that we’ve had the opportunity to have a good life in forex trading.

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