EUR/USD Beginner Level trading

I took 3 short trades today and was stopped out of all of them.

TRADE 1

Taken during the Pre-Frankfurt hour, i shorted at 1.1406 but was stopped out

TRADE 2

Taken during the start of the Frankfurt session, I shorted again at 1.1409 but was stopped out again

TRADE 3

Taken during the London session, I shorted at 1.1410 but was stopped out several hours later during the New York session, I should have taken profit on this one because I was up nearly 10 pips but I got greedy

Taking a buy from 1.1430 with a tight SL of 4 pips

Got stopped out of the buy, I am switching to sell.

SELL 426

SL 431

TP 400

Just closed it for 16 pips profit

TRADE RECAP

My first trade was a buy but the support level didnt hold and my SL was hit for around 3 pips

I then checked for OTC expiries and saw some reasonable open interest at 1.1350 and 1.1400 suggesting downward potential so I waited for a short signal and took a sell.

TRADE RECAP

My first trade was a buy but the support level didnt hold and my SL was hit for around 3 pips

I then checked for OTC expiries and saw some reasonable open interest at 1.1350 and 1.1400 suggesting downward potential so I waited for a short signal and took a sell.

EU PMI DAY PLAYBOOK

Today is EU PMI day and we are seeing London pushing price upwards towards the nearest high but I am not going to think it is a trend & take the bait and buy, when the GER PMI data is released by 8 30 am we should see a reversal of this move and take a sell

I'll add to it, there are 2 ways to trade it.

a. You either trade the first push up till the PMI. For example, Franky opened at the low, I bought it at 13786, for push till hourly high. I was anticipating it will push till 95, I has, but I closed it at 88 for around 10 pips.

I trade this initial push, because I trade Franky, not London.

b. Or as you mentioned, take the actual PMI trade. Don't assume the initial push is the trend, fade it on first red bar today (or blue).

Also, have an invalidation, in case it does not work. Currently, the hit rate of this playbook is really high.

I am short with 10 pip SL