Wednesday, 9 December 2009

Forex Trading 09/12/2001

Gosh…I went out last night with some friends who I worked with at Barclays Bank. It was an awesome night. So one of them mentioned that he was working on early’s today and was getting up at 06:00, he doesn’t know what early is does he! Thanks for the night out.

So on to the trading day…well Gordon (The Joker) Brown and Alistair (No Backbone) Darling are going to be spinning some yarn at 12:30 so GBP pairs will drop. They usually do when they make jokes!

So I was up at my usual time of 05:00, having spent sometime checking the charts I went through my normal routine of reading aloud my trading plan & mission statement…do you know what I will leave it in the blog for you to read and maybe if you want to copy it.

This morning’s trades were a little strange for me. It was all me as there were plenty of points on offer, I was just slow. As you can see from the chart my entry and exit weren’t the best. Oh well 11 pips was OK for starters. Kofi was up somewhere close to 30+ pips and quite rightly rubbing my nose in it.


Then the market changed. So I got in going long, oh did I mention that I put a limit of 10 pips in place and I got it…woohoo…well it would have been had the limit been 20. I do love hindsight, it is a wonderful thing.


Then there were trades 4, 5 and 6. I will not bore you with the charts on these. Trade 4, I will be brief on this, 20 pips down. Oh and not forgetting trades 5 and 6, well you won’t believe how many pips I am up 5.7. Enough said.

With all this I am closing my trading station for the day and will return tomorrow. So till then.

To your Trading Success.

The Investor Guru

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