Tuesday 13th March 2012 ~ Sharp Fall In Gold Price This Morning

09:05am  ~  Good morning to you all from sunny Portugal. The internet this morning seems to be behaving itself and I switched on my trading platform on using this laptop a few minutes after 7 o’clock this morning while sitting on the patio with some strong coffee. The MT4 platform I use allows me to scroll through my chosen charts very quickly, so I can scan my favourite 5 charts in as many seconds, making my trading life very easy and stress-free.

There was nothing much to catch my eye immediately, but around 7:30/7:40am I could see a possible trade  set-up on my GOLD chart, and at 7:45am I was in a “strategy-3″ short trade on my trendFX collection of systems – although I took an early entry opportunity rather than wait for the traditional entry point, and this gave me an extra 10 pip start on the trade. The price of GOLD came down quite quickly so within 45 minutes I had a +40 pip profit on the table (double my intended ‘daily’ target), so I closed the trade off there and then. No need for any more pips, even just 20 pips per day will suffice for an amazing yearly salary – email me to find out why.

We are driving to Gibraltar after lunchtime, so I’m just going to catch up on some emails now and also wander into the town centre (down by the beach) for some breakfast. We are staying in the excellent Caleta Hotel overnight, so I will report back late today with any results I may achieve if I trade the evening session. We will be back in Carvoeiro tomorrow morning.

Daily Target Reached Today ?  YES (+40 pips)       I traded for a few hours early this morning.

This entry was posted on Tuesday, March 13th, 2012 at 11:46 am and is filed under Trading Days. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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