Day Trading Report on the Official Fed Bank-Bailout Friday

Despite all the "drama" that had unfolded early today, it was extremely important to keep the discipline and stick to the trading plan.

• Stocks Jump in U.S., Worldwide on Bank-Bailout Measures, Short-Sale Curbs
• Toxic-debt Plan, Short-selling Curbs Lift Markets

Nonetheless, I had an extraordinary day in the forex market. And undeniably, it had been a tough trading week. I assumed everyone felt the same about the market due to current circumstances. But I do enjoy these trading challenges. Our day trading results on Friday are as follows.

The major-pair system made 2 wins and 2 losses. The results ended up +140 pips for the day !

Meanwhile the 100-pip ea system made 1 win and 1 loss so far. The ea results ended up +20 pips for the day !

Europe Session
No. of signal recommendations: 5
End-of-session results:
Majors: GBP/USD (-70 pips SL) and USD/JPY (-40 pip)
Crosses: GBP/JPY (+30 pips), AUD/JPY (0 pip) and CHF/JPY (0 pip)

US Session
No. of signal recommendations: 3
End-of-session results:
Majors: EUR/USD (+155 pips) and USD/CHF (+95 pips)
Crosses: EUR/JPY (-70 pips SL )

100-pip System
No. of dynamic entries: 5
Potential profits:
GBP/JPY, AUD/JPY, USD/JPY
EUR/USD +100 (target hit!)
USD/CHF +100 (target hit!)

100-pip EA system
No. of auto-entries: 2
EUR/USD +40 & 100 pips (target hit !)
AUD/JPY out

Related:
Day Trading Service: Trading Report Aug' 08 (+760 pips)