my trading day ~ monday 7th june 2010
Well after a week away from the screens – it is nice to be back watching the markets. I cannot do anything apart from sit still at the moment, so financial trading is an ideal occupation for me at the moment !!
I turned the computers on at 8:30am (UK Time) this morning in my study, and began looking for signals with my “Any-Time” trading system. As with all traders, I have favourites that I like to trade – even though you can use this strategy for any instrument/index/Forex pair – so I had charts up for the following ~ EUR/USD, GBP/USD, USD/JPY, EUR/GBP, AUD/USD, USD/CHF & USD/CAD, although I must say that the first 3 mentioned here are the ones that I favour the most. If I am just trading with my laptop, those are the 3 charts I have up. I also watch the S&P500 Cash Index and GOLD.
I have been asked on numerous occasions about the number of charts I have up on one screen at a time – I tend to have 3 charts visible on each screen, with a few minimized to the toolbar. Due to the amount of years I have been doing this – I can swap charts around in fractions of a second – so if any of you are new to this and still getting frustrated at arranging charts and getting generally organised screen-wise, do not despair, it’ll all become child’s play to you sooner than you can imagine.
Anyway – back to the job in hand – trading. My first signal with my “Any-Time” strategy came at 9:15am (UK time) on the EUR/USD forex pair, a long (up) trade that went on for just over an hour and gave me +21 pips at the end. Literally within seconds of me entering that trade, another signal came up and the entry level was breached – this time the S&P Cash Index, and that ended up a winner as well, finishing up at 10:30am with a profit of +30 pips – so my daily target was well and truly ‘in the bag’ by mid-morning.
I’ll let you know later how I get on with my “Evening” system – Trade With A Day Job later on – but in the meantime – I am having the rest of the day off !! (And catching up on some emails)
Evening Update: I took a signal with my “Evening” strategy (Trade With A Day Job) at a few minutes after 5pm (UK time) which achieved its normal trade profit target of +20 pips within 20 minutes. There was another trade signal at 6:30pm which showed the market was just about to plummet over 200 pips in just over 2 hours. I had turned my computer off by the time that trade signal came along, so the total profit for my short day stayed at +71 pips.
I am glad to be back at work at last, and I am looking forward to (another) profitable week.