my trading day ~ monday 12th april 2010
Hello to you all, and I hope you had a nice relaxing weekend in the summer sun.
I am still confined to barracks as far as strenuous exercise is concerned, so an early start at trading today instead of a ride across the fields
I managed to grab a coffee and be at my desk in my garden office shortly after 6am today, looking out for trades with my “Any-Time” strategy.
Something unusual occurred which gives me a chance to describe this way of trading to you. By the time I had my charts all set-up on my screens this morning, I noticed that a trade signal had already occurred (on the EUR/USD Forex Pair) and was triggered at 6:16am, but I was not ready to put in a trade order at that time as I was still setting up my charts etc.
The trade target was a fair way away, so I actually entered the trade at 6:31 when the price retraced slightly, so I was only a few pips away from the official entry price. This does not always work, as the price will sometimes shoot off in the direction of the target with no chance to join in. By 9am, I closed the trade off at its target of +60 pips. A nice profit for 2.5 hours work.
I spent the rest of the day answering a few emails and pottering about in the garden, and I was back in the kitchen with my laptop at 5pm to have a look for a trade signal on my “Evening” trading system. Unfortunately it quickly became obvious that the way the market was behaving meant there was no point in trading the strategy tonight, so I stopped after 30 minutes and went out for a swift half at my local.
My days total profit stayed at a very reasonable +60 pips.