my trading day ~ thursday 3rd march 2011
Up at 8 o’clock this morning, going to have a morning trading my day-time systems. I have to go to my youngest sons school this evening to choose his GCSE subject choices, so not sure whether I’ll be trading my “Evening” system later, I will update later…..
It’s 9 o’clock and I’m settled in my office (above the garage) with my 4 screens watching for any signals. While I’m trading I will finish off the last of the overdue email replies – should be done by lunchtime. This afternoon I am out on my bike – for a 10 mile ride, I’ve not been out since before my holiday so I can’t wait.
Back later with a daily round-up.
I’m back briefy, its 13:30 and I am off on my bike ride in a minute. My trading this morning was ok, but the markets were acting quite strangely, and I cannot believe it is all because of NFP day tomorrow. Anyway, out of all the FX charts I was watching earlier (8), I had NO trade signals from them at all, just one from the S&P and one from Brent Crude (Oil) – but I did not take that one as the stop-loss came outside my risk parameters (too large) so I just entered my S&P5oo trade at exactly 9:19am (long) and came out at 11:38 with a profit of +59 pips. I used my “USA Forex” system which is basically a trend following strategy, so it means that you can often follow a trend very well and get more than your average points in a short time.
Update 11pm. Although my “Evening” strategy is designed to be used between 5pm and 9pm UK time, you can pop in at any time during those hours to look fo trades. As you know, if you read this blog regularily, I tend to start watching the chart at 5pm, so when I have had my first trade, I then have the rest of the evening free to enjoy myself away from trading.
This evening I had to go to my youngest son’s GCSE subject choices at his school, so I did not get back home until well after 6pm. I entered a trade a few moments after 6:30pm and managed +20 pips a short while after
Daily Target Reached (25pips) ? YES (+79 pips)
With regard to DAILY TARGETS, if you manage to achieve 20 pips (points) per day for an average of just 15 days per month, and you compound your earnings (ie: keep all profits in your trading account and gradually increase your stakes in line with my money-management rules*) you will double the size of your trading account every TWO months! Email me for details