Tuesday 20th March 2012 ~ FTSE Stalls At 6000 Level
7:30am ~ Good morning to you all, I am up bright and early today, and down here in the kitchen with a strong coffee. I shall be shortly going into my study to switch on my 3 screens to watch for trendFX trades this morning – and if nothing much comes up, I will trade on into the afternoon evening. I will report back later.
It looks like the high for the FTSE100 last week at the 6000 level was the most it was going to climb to for the time being, it has gradually lost points over the past week and by the looks of things it is going to open around 5940 with more losses on the cards in the next few hours. It may, however, get a boost when the New York exchange opens after the UK lunchtime.
10:30am ~ I did spot a couple of trade opportunities on my charts and have now come out of both of them – they did not take long to reach their targets. My 1st trade was a short “gold” trade that kicked off at 09:24 and 2 minutes later I had a short “S&P500″ trade, and they managed 20 and 30 pips respectively. There were a couple of other opportunities but those two shot off in the right direction almost immediately so I did to look to enter any other trades.
That’ll do me for the day-time session on the markets.
7:55pm ~ I did manage one trade with my “Trade With A day Job” evening beginners system, I switched on my laptop here in the kitchen a bit late as I had been chatting on Skype to a guy from Australia who wanted to know a bit more about my systems suitable for using in his timezone. My chart was live just after 6 o’clock, and I spotted a potential signal at 7:10 with price eventually triggering the entry level just seconds after 7:30pm. I stayed in the trade for just 20 minutes when I came out with my normal target of 20 pips.
I’ve got one more Skype call for the evening then I’m out to my local for a beer and some supper.
Daily Target Reached Today ? YES (+70 pips) I traded for 2 hours this morning + a few hours this evening