Trade What You See - Almost Naked Trading

I have noticed too much choppiness overall across most pairs, resulting in being stopped out early. Also, connection with my FXCM Broker Demo here in the EST zone in the USA. This has happened to me once too many times that I am discontinuing my FXCM Demo account altogether.

Therefore, this week, I think I will try using my Oanda (non-NY 5 Day Close) and FxChoice (NY 5 Day Close) Demo accounts as I never have had connection issues with them.

FXCM may work just fine with you...but not with my location.

I will just have to carefully watch to keep my entries with spreads 2 to 10 Pips when choosing to trade a currency pair.

Here is my first trade with Oanda:

My FxChoice Broker that is a "5-Day NY Close" and non-MM ECN so you bypass "the Desk" or the MM:

I lost 26 Pips with a Bearish LG setup on H4 due to a FIBONACCI 5)% LEVEL REVERSAL PHENOMENA ! Well, because this resulted with a Bullish PB at the Fib 50%, I now went long. However, because this trade happens just before the NY Open, there may be a second Reversal back to a Bearish Trend as most times it seems that after the LON open Trend, the NY Trend seems to go into the opposite direction - let's see what happens ;-)

Here is another case of being Stopped out in the LON open despite a good LG Setup, now entering the 50% Fib Zone. I took a Bullish trade despite being right at the NY Open only because of a new Bullish PB overnight after being stopped out:

Here is another Reversal on the Fib 50% with a new Bullish PB formation. However, I did not take a Long trade as the Buyers may have reached it exhaustion level overnight - so I will wait:

I am going Short early here as there is a very powerful Bearish PB and crossing of the EMA 200:

A Very Powerful Bearish LB (Long Bar) off the Fib 100% and after a strong PREVIOUS BULLISH TREND before reversal at Fib 100% - I went short here: