Tuesday 6th December 2011 – Europe’s Credit Rating Downgrade Threat
8:45am. Good morning to you all. I was up quite early today – and was down in my study by 7:45am to turn my screens on and watch for possible signals on my group of strategies in the trendFX system manual. As a reminder to those of you who have not purchased the trendFX manual yet, there are 4 main strategies contained within its pages plus TWO extra strategies in the “Extra” manual. As you will have noticed yesterday, my only trade for the morning was using one of these extra set-ups, and the beauty of having SIX separate set-ups in one trading system means that you are never short of a trade when you have sat down for a trading session, no matter how short a time you’ve got. I know many of you can only spare an hour or two in the morning before you go to work, so making the trendFX manual ideal as you are watching for SIX separate “patterns” — Anyway, back to my trading……..
Almost immediately I could see a potential pattern revealing itself on my ‘Brent’ chart and a few moments after 8 o’clock I was in a short trade with “strategy-2″ of my trendFX system. The trade went in the right direction for me from the off and 20 minutes ago I was out with a profit of +25 pips, my daily target in one trade…..
In the markets, we had an adverse reaction last night on the U.S. indicies when Standard & Poors announced their worries concerning the European Debt problem, although this morning all such worries seem to have been ignored as all the major indexes have staged a recovery. All eyes will be on the American open at lunchtime (UK time)
I will report back later this evening if I have any trades with my “Evening” system (Trade With A Day Job)
20:15pm. I had a couple of trades this evening with my “Trade With A Day Job” system, the first, just after 5pm turned out a loser (at -18 pips) but my second attempt gave me +42 pips, so I have just ended my early evening session with +24 pips, together with my earlier score gives me a more than reasonable +49 pips daily earning – well above my daily target of 25 pips. If you have not read my short document on why you only need 20 pips per day to become a millionaire trader (really!!) please email me and I will send you a copy…
Daily Target Reached Today ? YES (+49 pips) I have traded for just under an hour this morning, and a few hours this evening