I don’t usually like to trade during the Xmas/New Year time as the markets are quite light on volume. However, it was my first day back today into work and it was sooo quiet! I have got into the habit of logging into the trading platform after work to have a look at the market.

I made a trade, long USDCHF at 1.0556 and got out at 1.0594 for a 38 pip profit with a 50 pip stoploss. Not really a good trade overall as my pip count should be at least equal to my anticipated stoploss to have any chance of long term success at this. Anyway, I will probably be more careful and trade in the New Year!

Tags: currency trade, daytrading, foreign exchange trade, forex, forex spreadbet, Forex trading, scalp trade, scalping, spreadbet, trading blog, usdchf

I saw a shorting opportunity today when the GBPJPY had fallen and rebounded… I shorted on the rebound and it fell 70 points… hoorah!

I got in at 158.66 and got out at 157.96.. all in a matter of 15 minutes or so.

I don’t want to speak to soon but lately my trading has been going quite well, I am far more picky with my trades and very careful when putting them on. The initial trade was with a 50 point stop and 100 point target.. however, in the market you need to be flexible where you can get out if you see momentum going the other way.

Tags: day trading, daytrade, foreign exchange, forex, Forex trading, make me some money, scalping, Spreadbetting

It seems like I did the right thing when I close my trade previously.. the market has dropped like a stone.. it’s a shame I didn’t enter the short as it would have been a nice trade!

Tags: currency trading, day trade, daytrading, foreign exchange, forex trade, Forex trading, make me some money, scalping, spreadbet, Spreadbetting, usd/jpy