my trading day ~ friday 5th march ‘10

Hello everyone, as I mentioned yesterday, there is no trading today due to the Non-Farm-Payrolls Announcement today (at 1:30pm GMT)

I would like to take this opportunity to wish you all a nice relaxing weekend. I have started mine already with a game of golf this morning, and a trip up to Southwold in Suffolk later this afternoon to sample some Adnams Ales and take in the atmosphere of a quaint 1920’s coastal town.

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my trading day ~ thursday 4th march ‘10

Hello to you all from a bright but cold South-East of England.

Well, back to trading today was the plan, after an enjoyable week with friends. I had a few mundane ‘chores’ to do in town first thing, so I was in my study at 10:30am to watch for trades with my “Any-Time” system. I was watching my normal array of the S&P and FX pairs (EUR/USD,GBP/USD,USD/CHF and USD/JPY)

My first trade signal was at just after 11am (EUR/USD) and put me behind by -15pips. I must remind you at this stage that I have a daily profit target (+25 pips) and once I have reached that figure, I will stop trading for the day. My “Evening”  Trading System is treated separately, so that is counted as an extra profit at the end of the day if I am around to trade it.

Anyway – my next trade came along at 12:15 (EUR/USD again) and gave me a profit of +15 pips, so I was back at break even after two trades. The next one was 15 mins later (USD/CHF) and that brought my running total to +18 pips, nearly at my target. One more hopefully and I can pack up for the day !!

15 mins later (12:45pm) a signal popped up on the USD/JPY FX pair, and that had a target of +7 pips (all my trades have a pre-determined target) so if it worked out ok I will have reached my personal target exactly for the day. At 1:15 the index shot up and I stopped the trade off at +10 pips, so in the end I finished my daytime session at +28 pips.  And it only took me just under 3 hrs out of my day. Happy days.

I am going to stick to my plan of a small daily profit target unless there is something in particular I want to purchase, and in that case I will trade all day, to enable me to have a decent amount of pips.

I was out for the afternoon, but I was back just after 7pm to have a look for a signal on my “Evening” system (Trade With A Day Job) and I had a late trade at 8:20pm for +20 pips.

Remember tomorrow is NFP day in the U.S.A. so no trading on my systems.  I am still looking at the charts tomorrow as I am doing a long term investigation into trading on this day. I envisage it is going to take around 6 to 9 months, so I will let my customers know what my conclusions are (together with an appropriate strategy) in due course.

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my trading day ~ wednesday 3rd march 2010

Hello everyone.

Another day out enjoying myself, back to work tomorrow (Thursday) with a specific daily pips target in mind. I will be going for 25 pips per day, which will give me not only a very substantial income, but also allow me to concentrate on my many hobbies, which have been rather neglected over the past year. My daily target is just for my day-trading activities and does not  include my “Evening” system – I will be trading that strategy a few times a weeks as long as I am home at that time. As usual, I will still report the system’s results so you can keep a check on its continuing success

If you do the maths yourself, you can see that a profit of just 25 pips will provide you with a very substantial tax-free monthly salary even if you are only trading at £10 per pip. Once you have been trading for a few years, you should be trading at upto £50 per pip quite easily.

On another subject, I have a added a small amendment to my “Evening” system manual meaning that new traders will be virtually assured of success when first starting to paper trade with one of my strategies. Existing customers will be emailed with the new manual in the next day or so.

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my trading day and new trading method ~ tuesday 2nd march 2010

Hello everyone – and I hope the title to this blog entry made you want to read it. Do not worry, I am not changing any of my systems, I am just going to work differently !

I have had plenty of thinking time over the past few days, and I have decided to go back to my ‘old’ way of day-trading – that is setting myself a daily target of so many pips, and when I reach that, pack up for the day. I am extremely lucky in so far as I do not have to earn a tremendous amount of money every day to maintain my lifestyle, together with the fact that due to the amount of money I have in my trading account and the level that I trade with, I only have to earn 20 or 30 pips per day to be in the top 5% of earners in the country. I am not saying that to boast, it is just a result of trading my very successful systems for the past 10 years. I also spent the first few years of trading building up my trading account, compounding my profits and taking the very minimum out of the account every month. This pays dividends in later years.

Over the past 9 months of my blog entries, you have seen the potential of my “Any-Time” system. It is profitable almost all of the time on a daily basis, and I have never had a losing week or month while trading it. You have seen when reporting my daily trading profits that 40 to 60 pips per day is the norm, and quite a few times a month the score has gone well over 100 pips for a days trading.

From now on, I will set myself a target (as I used to do) and just trade up until I have reached that daily target – then finish for the day. This is how I used to trade up to about 2 years ago. If there was something I specifically wanted to purchase, I would then trade  for as many pips as I could for a few days, so that whatever I was after ( a new car for instance) I could then pay cash for.

It makes for a very relaxing work/life balance as I found that I was usually finished by mid-morning (if I started early) and it is something I would encourage you all to do, once you have mastered whichever system you have of mine, instead of spending countless hours in front of the screens.

Anyway – another day away from work, out with friends today.

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my trading day ~ monday 1st march 2010

Good morning to you all on the first day of a new (and profitable) month.

Over the weekend I arranged to resume the main love of my life (other than trading of course) and that is flying a small plane.

So no trading today or tomorrow, and I would envisage getting back to work on Wednesday. I will update you with my “Evening Trading System” (Trade With A Day Job) later in the week.

I wish you all a prosperous week !

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Weekly Round-Up ~ 22nd-26th Feb

Hello to you all, I hope you are all having a nice relaxing weekend.

It is my intention to do a blog entry on a Saturday outlining my trade earnings for the week and also let you know about last night’s trade with my Trade With A Day Job strategy.

Although I was not around yesterday evening, my TWADJ system gave the usual +20 pips to those of you who participated. Not one losing day last week !! This kind of performance with a system gives you much needed confidence when you are first starting on your trading journey.

As you may have read this week, I ‘worked’ for just 3 days, and my evening system (Trade With A Day Job) had a total weekly profit of 84 pips, although I only traded a few of the days.

I traded my “Any-Time” system for 2 days and came away with earnings of +132 pips.  I had one day trading my USA Forex System (my trend following strategy) and I achieved +114 pips on Thursday.

So, all in all, my personal profit for this last week was +290 pips (£1450 at just £5 per pip) as there was 2 days I did not trade my evening system. Even if you had just traded part-time after work, you would have managed +84 pips, which at just £5 per pip would have netted you £420 – which is still a healthy part-time profit. And as it’s additional income, you could compound those earnings and build up your trading account very quickly.  If you would like to see some calculations regarding compounding while trading this evening system, please email me and I will be happy to forward the document over to you.

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my trading day ~ friday 26th february 2010

Good morning to you all.

As you will probably know – if you have been a regular reader of my blog – I end my ‘working’ week on a Thursday, and have an early start to my weekend by having Fridays off. I also enjoy a late start to my week on a Monday morning, which is a personal treat to myself as I used to work a  60 hour, 6 day week in my previous business many, many years ago.

I am tempted to just work Tuesday, Wednesday and Thursday for a few hours each day – but the truth of the matter is – I love my job, so it’s not really like work to me. The money is really just secondary, which sounds a bit daft to you if you are still starting out on this wonderful journey, but in years to come, I hope you can get to the same position as me, and you will then understand how I view life. Money& Pips is just a way to keep score, it is not the thing you should be striving for. Flawless execution of your trading system and each trade you enter and exit is your ultimate goal. Once you have reached that position, the money will just follow, is if by magic.

Anyway – I will post this last week’s results tomorrow (Saturday) together with the outcome of tonight’s Evening Trade.

I hope you all have a nice, relaxing weekend.

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my trading day ~ thursday 25th february 2010

Goo day to you all – and as planned I was up early for an invigorating cycle ride at 6am – and I ready in my home office at 7:30 to watch for trade signals using my USA Forex system.

I was watching my usual instruments (as listed yesterday) across just 2 screens, although I have the use of 4 if I need to. It is quite easy to watch 4 or 5 charts on one computer screen if you organise yourself cleverly.

Anyway – my first trade (GBP/USD)  triggered at 8:15am, and gave me an opening profit of +30 pips, and I could see from my collection of charts, it was going to be a busy day – so the plan was to trade straight through until mid-afternoon, as I fancied an early finish to the day after my very late night in London last night.

Incidentally, while on the subject of my evening out – one of the traders I was talking to last night is also very interested in trader psychology. I accept it is all part of our working life when we start off in this exciting journey to trading nirvana, but he has made a bit of a lifelong interest – and he did give me an very interesting exercise that he believes EVERY new trader should carry out – because if you miss this important stage, you are virtually doomed to failure. Over the next few weeks I am going to add this exercise to my trading manuals – and also make my existing customers aware of it.  If you have not joined my trading education programme yet, send me an email and I will enlighten you.

Anyway – back to my quest for the day, my 2nd trade came along at 9am (USD/CHF) and was my first losing trade of the day at -12 pips. Within 30 seconds of that trade, I entered another one (EUR/USD) and that one turned out unsuccessful as well. No matter, onwards and upwards – and within 15 mins I had my 4th trade signal which went on to give me a 3rd losing trade. Another hour went by before I had my 5th trade (S&P500 Index) and I closed that off for a +40 pip profit.

Just after 10:30am I had a quick succession of trades and they totaled +50 pips between them. By now, I had enough pips to give me a very nice daily wage – but I did promise I would ‘work’ into the afternoon, so after a quick snack at midday I carried on. Between then and 2pm I completed another 3 trades (with NO losers) and my total for the short day-time session came out at +114 pips.

I was out for the rest of the afternoon doing boring errands that most people have to do at weekends, and I was back at 5pm to trade my Evening system (Trade With A Day Job) and I had one successful trade just after 6pm which gave me my usual +20 pips.

This end to my trading day meant my total earnings for the day came out at +134 pips, a nice end to my trading week (as I no longer ‘work’ on a Friday)

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my trading day ~ wednesday 24th february

Hello to you all – I hope you are having a profitable week so far ?

Well – the plan today was to have an early start with my ‘day’ job (trading) as I had a get together in London later on with some trading friends.

With that in mind, I was at my desk at 6am after a one minute commute, ready and waiting for trades using my “Any-Time” system.

The first signal was at 6:15am on the FX pair known usually as ‘cable’ (GBP/USD) and that gave me an opening profit of +13 pips. The next one was shortly after 8am (USD/CHF) for a further +15 pips.  At 8:45am a signal came up on ‘Cable’ again (+12 pips)  By the way – the list of charts I had up on my screens was my ‘usual’ suspects – EUR/USD, USD/CHF, USD/JPY, GBP/USD and the S&P500 index – and throughout the time I was at my desk, I had no signals on the S&P or the Euro/Dollar. Anyway – at just after 9am along came a trade on ‘cable’ again for+12 pips – and then a period of no signals at all.

I watched the charts until 11am, but I had a few errands in town to complete before I headed off to London, so I called it a day for my trading – and I came away with a total profit for the day of 46 pips, 4 trades and no losers today. A lo of my customers who trade this system have a small daily target, so quite often their day’s work is done by mid-morning anyway. A daily target of just 15 or 20 pips can give you an excellent full-time salary, many times more than your present day-job. Do the sums yourself – start off with a £500 bank and see how long it takes you compound your profits into an amazing account balance – it’s an interesting mathematical exercise for 30 mins – something for the weekend perhaps !!

I did not trade my “Evening” system (Trade With A Day Job) as I was off out, but looking at the chart later I can see there was a trade just after 5pm for the usual +20 pips. My customers who are learning to trade using that strategy have been emailed with exact details (and a screen-shot) to help them with their education.

My plan tomorrow is to just trade my USA Forex system (the trend following strategy) for most of the day.

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my trading day ~ tuesday 23rd february ‘10

Hello to you all.

A nice leisurely start to the day for me – and a quick 9 holes on the golf course first, and back home by 11am ready for trading my “Any-Time” system.

My first trade came along at just after midday (GBP/USD) and gave me an opening profit of +33 pips although the trade went on for absolutely ages, so I put in a ‘take profit’ order and left it to run.  My next one was at 1:30pm (USD/CAD) which was the only loser of the day (-20pips).

Two more trades completed my “Any-Time” trading, and I had a total of 86pips for the session. I also had some seasoned trader friends trading here today, they all have their own strategies, so it was an interesting time, comparing out individual systems.

After a late lunch with the guys at 4pm, I was back just after 5pm to trade my “Evening” system. I ended up with +4 pips with the system, so my total profit for the day came out at +90 pips.

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