The EURUSD posted some sizeable short trades over this past week with SST. This is more of a quasi swing trade strategy but also can give us some extended day trades that trigger in and out the same day. It is the 120 minute chart, or a 2 hour chart. It is by no means the only chart but we have found this one to be quite effective.
Check out the two short trades that produced +554 pips after spread. It looks like three trades but the middle trade is actually an add-on position to the first trade. Notice how the larger third target wasn’t reached until after we were stopped out with partial profits. That can happen sometimes. It is always a balancing act between cutting risk, locking in profit, and staying in for the homerun trade. Despite only hitting the middle target, a place we would peel off some positions, the trailer was able to pick up extra profit on #1 and #2, and the total net result was still quite large. Imagine when we DO hit the full 3rd target. That’s pop the Dom Perignon time! It happens often enough. Also, off the chart to the left, prior to these trades, was another 100+ pip winner as seen by the arrow pointing upwards. The cyan dots marked where that one exited.