my trading day ~ tuesday 18th january 2011
As it is generally quite cold out in the mornings now, I spare myself the horror of an early morning cycle ride, and have a bit of a lie-in instead. I was up at 8am and after a quick shower and breakfast, I was in my garage at 8:45am (where I have set-up 2 computers) to watch the charts (using my “Any-Time” system) and also tinker around with my latest car project. I took a laptop down there as well, so I could do a few emails as well.
My 1st trade showed up just after 9am and at 9:16 I entered a short trade. This price did not really move much after I entered and just meandered around break-even/+5 pips. At 11:04 I entered my 2nd trade (Long) and within 10 minutes, that had reached its target of +20 pips, so I closed it off quickly. Looking at my 1st trade – it had not really moved that much down but it was in profit, so I closed that off 30 seconds later with a +12 pip profit. To explain my reasoning when trading – I watch my overall combined profit while trading in the morning, and as the 2 trades (at 11:14) showed a profit higher than my daily target (+25 pips), I closed them off, and that was me finished trading – 2hrs 30mins work and +32 pips = happy trader.
I spent the afternoon mostly on my bike, going off towards the coast on a 30 mile ride. I was back in my kitchen (with laptop) at 5pm to trade my “Evening” system. I had a potential pattern forming at 5:30 and a few minutes later I was in a LONG trade. I came out of the trade at 7:31pm with the normal +20 pips profit. There were a couple of other good signals but my kitchen was full of friends who had come round to drink my chilled beer store dry and play some poker – so I missed those altogether. I am a man, I can only do one thing at a time – and that needs 110% concentration.
Daily Trade Target Reached ? YES (+52 pips) I traded both the morning session and in the evening.