Friday, 4 December 2009

Forex Trading 04/12/09

Oh, I am later in the day writing my blog today. Well that is because of the Non-Farm Employment announcement which affects the USD pairs, Dow Jones Index, Oil and FTSE.

I shall start from the beginning...well this morning!

I set an entry for a short trade at 16520 and my long entry 16555. As you can see from the chart below it quickly went long this morning, which was a bit of a shocker as I had expected it to be a slow morning what with the announcements in the afternoon.


So a 28 pip trade, not bad for the first trade of the day. This trade was quite unusual for Kofi (Trading Buddy) and I because it meant we entered the trade before 07:00, which as I have mentioned before is not what we like. However today the moves were very significant and with purpose.


19 pips on this trade added to the 28 earlier. A nice 47 and the day is only just starting.

So I kicked back for a couple of hours, went for a walk had a shower, you know all the stuff that should be done.


24.2 pips on this trade and 47 from the 2 previous trades to make a total of 71.2 for the day. Not a bad days work at all, Kofi ended the day on 60 so a big high 5 to him for that.

I did notice later in the day that I could have totalled 100 pips today. I do believe that would have been over trading so I used so real Control in staying out of the trades.

To your Trading Success.

The Investor Guru

1 comment:

  1. Nice Trading mate. Your entries are interesting, would be nice to know your reason for each each entry and where and how you manage your trade with stops.

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