my trading day ~ tuesday 15th december ’09

Another day just on the currencies today with my “Any-Time” system – same ones as yesterday.

It’s so COLD outside, I must admit I skipped the exercise and headed straight for my desk instead (gave me a bit of a lie in today !) and I was installed, ready and waiting at the screens just before 8am.

I am often asked about how I prepare for a day in front of the screens trading the markets. Well first of all – I trade with 3 screens, although I could do it with just one if I had to (I often just trade for a day with a laptop if I am away from here) – so once all 3 computers are fired up – I check ¬†THIS SITE for any important economic news announcements due out today which may move the markets violently. I will note down the times (if any) so I can make sure I have no trades open at the time. I also have Sky News on the TV so I can follow the day’s news as well. I then note all the markets in my trading diary that I am watching for the day – sometimes 2 or 3, other times 6 or 7 – it really depends what kind of workload I want – we all need a lazy day at work sometimes, don’t we ?? I also use my trading dairy to note down anything during the day regarding the movements of the particular instruments I am watching – whether trades are possibly coming up – so I need to check the charts regularly, or whether there is nothing happening, so I can forget a particular chart for a few hours.

Anyway – back to the day’s work – my first trade was signaled at just after 8am (USD/GBP) and rewarded me with +34 pips to start my day off – and the 2nd one did not come along until midday (USD/CAD) As I do not have to watch the charts every minute of the day, I can get on with other things (usually reading/researching/emails/talking to mates on the phone) in between looking at each chart every 30-45 mins or so.

Things were getting busy and I could see that there were quite a few potential trades coming along, so no break for lunch – and I carried on through ’til 3pm (7 trades by then) when I then broke for a sandwich. Two more trade after 4pm completed my day session on the FX market and a total of ¬†exactly +60 pips earned so far.

I stayed at my desk for the evening session (Trade With A Day Job System) and finished trading for the day just before 8pm with my usual +20 pips for the system – giving me a daily total of +80 pips.

This entry was posted on Wednesday, December 16th, 2009 at 5:22 pm and is filed under Trading Days. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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