Monday, January 5, 2009

The Start of 2009 & Daytrading Routine

Monday marked the start of the first full trading week for 2009. I officially kicked off my new year trading with two straight winners. Price volatility had come down quite a lot recently and I was able to make good use of my day trading program/plan. Owing to efforts made in 2008, now I keep a simple, automatic and discipline daytrading routine.

Below shows the two newly closed positions. The captured screenshots show my EA program's automatic entries and exits. Two exit targets were employed which produced a combined profit of +139 pips with the use of EA programs. A possible +85 pips with manual trade. All real-time trade entries and exits can be found on my daily spreadsheets - which is made available to my program subscribers.

European Session
No. of signal recommendations: 1
End-of-session results: USD/CAD +85 pips

100-pip EA
No. of auto-entries: 1
USD/CAD +40 & 43.5 pips
EA screenshot attached:


Day 15 - London Open Breakouts
No trade EUR/USD
Short EUR/JPY at 127.087 with stop at 127.687. Final Profits: +40 & 15.5 pips
EA screenshot attached:

1 comment:

Greg Sometimes said...

Thanks for posting an update, great work with the charts! I’d like to additionally contribute to the forex community you have going on here.

Writing articles is a time consuming process. I have been doing research and reading multiple books to get these writings done. I am dedicated to providing information to the readers of my own blog too, and I hope these introduction articles will clear up a few doubts.

This is mostly for beginners, but I try to write about important things in the same article even if they are slightly off-subject. Simply because the readers can learn more from it. If you are just starting out, you may find important information I hint at in these tutorials/articles:

Risk management, the 2% and 6% rules explained:
http://www.authenticsociety.com/blog/ForexRiskManagement_2_6_Rule

I’m not sure what level of experience everyone is on this blog, but I would like to hear feedback on this. Corrections, if you can find anything out of place with the text, suggestions, edits or requests to add/clarify information are welcome.