Nick’s Trading Diary – Thursday 11th October 2018
I am planning to be in front of my charts here in the office this morning and part of this afternoon ahead of a 4-day break away. Any trades I find (and take) will be detailed below.
09:10am: Nothing to report so far.
09:55am: I have just taken a ‘short’ position on the French CAC-40 15-min chart — more details soon.
10:10am: After some deliberation yesterday while watching the unusual price action on the charts following the extreme bearish moves I have decided to add a couple of instruments to my list of ‘favourite’ charts that I watch every day. As you maybe aware, my usual list consists of the following: S&P-500, FTSE-100, DAX-30, GOLD, Brent Crude and WTI Crude and I am now adding the French CAC-40 and the most widely traded forex pair – the EUR/USD for a few weeks to monitor the profit potential.
The trade I am in is on the CAC-40 and it’s a Master-The-Trend Strategy-A set-up with a 13 pip stop loss.
10:50am: I am now in a ‘long’ position on my other new favourite instrument – the 1-hr EUR/USD. It’s a Master-The-Trend Strategy-A pattern with a 20 pip stop loss.
11:50am: I have taken a quick profit from my CAC-40 position, I’ve just closed off the trade at +28 pips. The EUR/USD trade is still doing ok (+19 pips) but still nothing to report on any of the other charts on my two screens.
13:35pm: My second trade is now closed, the price has become quite volatile after the U.S. CPI Announcement (understandably) so I have come out with a +45 pips profit.
My total score for the day is now standing at +73 pips and my plan was to finish early today anyway but I am happy with the result so far so I am switching off my screens and going home. I am now away for 4-days so I will be back in front of my charts next Tuesday.