Wednesday 9th June

by KT 17:44 0 comments

• 7am - no trade
• 11am - no trade
• 3pm - no trade
• 7pm - 4 trades
• 11pm - no trade
• 3am - asleep!

Quite happy with todays trades, all turned out as wins and i stuck to the methodology that i'm trying for this week. What i'm particularly pleased with is having the patience to wait until 7pm to take any trades. At a few times during today i felt a little impatient that i wasn't really seeing anything worth trading. I just had to keep telling myself that patience was key. In the end it paid dividends.

The four trades i took today are as follows; each trade didn't reach a profit target of +40 so i let them close out at the end of the 4 hour bar.

Trade 7 - GBP/USD - Sold @ 1.4546 - 7pm Bar - Closed @ 1.4536 = +10 pips

The 3d bar represents an upthrust and the profit was made on the 4th bar in the picture, if the trade had been earlier in the day there may have been a bit more movement as this was quite a strong signal.

Trade 8 - EUR/USD - Sold @ 1.2014 - 7pm Bar - Closed @ 1.1984 = +30 pips

Again, another upthrust, much the same as Cable, if it had been earlier in the day this could've moved a bit, may well be some more movement tomorrow morning.

Trade 9 - USD/CAD - Bought @ 1.0414 - 7pm Bar - Closed @ 1.0443 = +29 pips

The opposite to an upthrust is represented in the 3rd bar, this is known as a test. Profit was made on the 4th bar, just fell short of the target of 40 pips.

Trade 10 - USD/CHF - Bought @ 1.1469 - 7pm Bar - Closed @ 1.1480 = +11 pips

Again, another test, much the same as the trade on the Loony.

Another good day!

• Day = +80 pips
• Week = +229 pips
• Month = +496 pips