Wednesday 9th May 2012 ~ Markets In Retreat Yesterday
8:15am ~ Good morning and I hope you are all having a good week in the markets. As a whole, they retreated down yesterday on worries about the Greek economic situation together with the new French president doubting the relevance of his countries austerity measures. Both France and Greece are revolting against these measures so this has given the market some jitters – you can read more here.
I am spending the morning at Titmarsh Marina as I’m having some modifications done to my boat, but I’ll be back here later to do some early evening trading. I’m taking this laptop with me for emails and I have two Skype calls booked as well.
8:50pm ~ I got back here at 4:30pm and settled down here in the kitchen with a laptop to watch for trades on my “Evening” system. In total I had three trades between 5:15pm and 8:30pm.
My 1st trade was stopped pretty quickly after entering and that gave me a small 18 pips loss. The second one better and went on to give me +38 pips, so giving me my normal daily target and wiping out the previous loss at the same time.
Normally I would stop trading at that point as I am not really worried about earning large amounts of pips every day (I do not trade for the money anymore – it is pure enjoyment now) but I was confronted with an “Evening” system trade signal which was also a trade signal/pattern on my “Any-Time” system, and when this happens it gives extra ‘weight’ to a potential trade. For this reason, I entered my 3rd trade of the evening, and it gave me an extra 60 pips to my score so far.
On this point, many of my customers trade two or more of my systems together as they can see 3 or 4 different trade signals at the same time, so giving each trade extra chances of success.
It’s now time to switch this machine off and cook some supper for myself and my youngest son. Then we are going to watch the film about the Facebook story – not seen it yet surprisingly.
Daily Target Reached Today ? YES (+80 pips) I traded for just over 3 hours this evening