Trading Diary ~ Friday 3rd August 2012
9:00pm ~ Another restful day for me, all I’ve done is some email replies this afternoon but I did switch on my charting platform late this afternoon just to have a look at what was happening after the U.S. Non Farm Payrolls announcement was released at lunchtime (UK time)
The market did shoot up fairly well but the volatility reduced to quite a safe level when I scanned the S&P chart at 5pm – and it also had a recurrence of a certain pattern at that time which gives me a strong clue as to what is going to happen over the next few hours. With this in mind I took a short trade using my evening system and came out a short while ago with a +30 pip profit.
If you would like to know about this ‘pattern’ that often happens at 5pm on the U.S. Stock market, please email me regarding the “Trade With A Day Job” beginners trading system – it’s all in there !
Daily Target Reached Today ? YES (+30 pips) I traded the U.S. evening session tonight.