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)

This entry was posted on Friday, February 26th, 2010 at 5:11 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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