The first week in a long while that I'm fully on a demo account
My strategy is to trade for bounces at key levels, and aim for small tp, typically 10p, or occasionally 20p or a bit more if it's in active US sessions.
After one week, it seems quite workable. While it's not a blanket statement (e.g., if it's a a big move that will easily cover a range of 150p or 200p in 15 minutes), prices tend to react at key levels.
So, provided if there's no FOMO, and wait patiently for entries close to key levels, aiming for 10p of reaction bounces while risking 30 to 60p is usually viable.
Anyway, it's still a negative week, owing in large to the two trades that resulted in -90p. By the way, that's a 200p move in 20 minutes... exactly the kind of move to beware of.
Don't overtrade
Don't chase the action
Be patient
Grade: B
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