Tuesday 29th May 2012 ~ ECB Steps In To Save Bankia

09:05am  ~  Good morning to you all, I’m back home in Chelmsford now, having arrived here late last night after a long-weekend away – it was my girlfriend’s birthday, so I took her away for a surprise trip to London as she requested a long time ago.

I had an relatively early start today even though we came in late last night  – I was down here in the kitchen at 6:30am after a quick shower, and I turned the main screen on to watch some charts with my two day-trading systems. Within 10 minutes I could see a possible trade forming on my BRENT chart and at exactly 7 o’clock I was in a ‘long’ trade with that index.   Looking at my S&P500 chart at the same time, I could see that I had missed any earlier trade, but it got going a few minutes before I switched the computer on – no matter there’s always something to watch on my charts, my day-trading systems have around 10-12 strategies to watch for, so there’s always something going on in front of me.

The next possibility to emerge was a potential ‘pattern’ on my GOLD chart, and it did eventually go in my favour so I was in that market at exactly 7:25am with another ‘long’ trade.   I was next in the market 15 minutes later with a EUR/USD trade, and moments later my 1st trade (BRENT) got to a 30 pip profit, so I closed my position there.   Just after 8:30 my EUR/USD trade was showing +21 pips on my trading platform so that was closed off as well, but my GOLD trade was not fairing that well.   It did hit a high of 17 pips before it started to come down quite quickly, so at 8:57 I shut the position off at minus 3 pips.   I was happy with that result as my overall earnings came out at +48 pips for the early morning session.

News this morning leads with the story regarding the European Central Bank stepping in and taking charge of all of Bankia’s debt pile.   You read more here.

I am going to have an hour of emailing now while I have my breakfast, then I am off at 10:30am for a cycle ride with a friend – we’re cycling along the river out to the coast, and then back again – all in all around 30 miles of rough terrain riding.   I will be back here mid-afternoon for some Skype calls (6) with prospective Markets Mastered students and then I’ll be ready for the early evening trading session.   I have some friends coming over for a barbeque later so I’ll be stopping my trading earlier than normal tonight.

Don’t forget that if you want to speak to me about your trading so far, just email me at the usual address to organise a face-to-face chat with me.

I will report back later with any trade details I may have from my evening session.

8:50pm  ~  I did have two trades this evening – the first one was from my ‘starter’ system (Trade With A Day Job) and came out at a small loss of -16 pips, and shortly after I had an “Any-Time” long trade on the same instrument which gave me +39 pips, so I ended the evening session positively with +23 pips.

I’m just about to switch off this laptop now for the day and drive upto Suffolk to my weekend cottage, I fancy some sea air for a few days. If I leave at 9pm, I shall be there at 10:30. just in time for a swift pint in the Lord Nelson…… This evening is very warm, so I’ll take my Yamaha Bike rather than one of the cars.

Daily Target Reached Today ?  YES (+71 pips)

I traded for a couple of hours this morning + 3 hours this evening. IF YOU COPIED MY TRADES EXACTLY AND TRADED AT ONLY £5 PER PIP YOU WOULD HAVE EARNED £355 TODAY FOR HALF A DAYS WORK. TO FIND OUT MORE EMAIL ME  HERE

 

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