Tuesday 17th January 2012 ~ Good Growth For Chinese Economy

10:15am   ~     I was awake unusually early this morning, and by 7:15 I had already walked down to the Newsagent to pick up a few papers and a pint of milk. As soon as I got back here, I switched on a couple of screens and began watching for any trade signals on my “trendFX” collection of systems.

Just before 8 o’clock I noticed a trade formulating and 12 minutes later I was in a short on the USD/CHF Forex pair. All seemed quiet after that until just before 9 o’clock, when I found another reason to get into the markets – a ‘long’ trade on ‘Gold’ a particular favourite of mine. My third (and final) trade of my morning session kicked off at 09:19am (Brent Oil) aand it moved so fast up, I was ahead by +36 pips when I shut the trade off 30 minutes later. My other two earlier trades were looking good, so I shut them off as well a few minutes ago – my total earnings for the morning came up at +118 pips. That is a lot more than my ‘daily’ target, so I am calling a halt to trading for the time being !

I have a few emails to answer now, plus two Skype sessions with prospective students, and then I am off for a cycle ride along the coast for a few hours. I will report back later if I do any trading in the “evening” session.

To read a bit more on the strength of the Chinese economy, just go to the Capital Spreads Morning Commentary page

8:30pm    ~    I had a couple of trades this evening, one with my official “Evening” system, which netted me my usual +20 pips, and I also had a “trendFX” strategy 1 trade at the same time, which gave me +72 pips, which I have just banked a few minutes ago. I am now all set for a couple of swift pints at The Lord Nelson and then over to a friends for supper.

Daily Target Reached Today ?  YES  (+210 pips)     I traded for 2 hrs this morning plus 3 hrs this evening.

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