my trading day ~ monday 21st june 2010
A bit of a late start for me today – just like it was a few years ago. When I started trading full-time many years ago, I very quickly adopted a working week of 3 or 4 days, and always had Fridays off and a lie-in on a Monday morning.
Anyway – I was in my study at 11:45am, and quickly set-up my charts and started scanning them for trade opportunities with my “Any-Time” system. I could see a couple beginning to form as possibilities, and by 12:30, these turned into trades, so both were entered within a minute of each other. One was on the EUR/USD and the other USD/YEN. You often will get a reaction as the U.S. market starts to open at 1:30pm (UK time) whether there is news or not, so for safety I exited both trades a few minutes before that time. The EUR/USD trade made me +41 pips, and the USD/YEN had started to lose momentum anyway, so that was shut off at just +2 pips ! I was over my daily target so that was it for the daytime trading – and off to the garden for me.
At 5pm – I sat in the kitchen with my laptop and began looking for trades with my “Evening” system. It is such a simple system, you only need one chart and the two signals are easy to spot. The first signal came along at just after 6pm and gave me a profit of +22 pips. There was a 2nd signal soon after, and it also went along with the very strong downward trend that the index was in, so I entered and left the trade going until it started showing signs of slowing down around 8:30pm. That trade gave me +106 pips, so I finished the evening session with +128 pips, a nice end to the ‘working’ day.
My total for the few hours I worked today came out at +171 pips, a nice start, especially as I am having quite a bit of time off this week to see the tennis at Wimbledon.