There was a huge drop with the EURUSD and my system had indicated a short entry at 1.4270.. this would have been a lovely entry and very profitable.. however, as you know, I work a 9-to-5 job so was unable to enter.

However, my long at 1.4241 last night with an exit price of 1.4290 yield a nice 49 pips.

I have just entered long 1.4175 now with a stop at 1.4135.. let’s see how it goes…

Tags: eurusd, forex, spreadbet, Spreadbetting

This is becoming unbelievable.. I traded both the S&P and GBPJPY today and both were winners.. this makes my total to 11 winning trades in a row. Considering the spreadbet company takes a spread either side of this trade, I’m doing remarkably well. I don’t feel as though I’ve become a super trader but I do accept the maximum loss that I expect per trade. I put on the trade, set the stop loss and mentally accept the maximum loss. This makes me feel less nervous should it go against me.. I know I can’t lose more than where the stop loss is and if I win, then that’s a bonus. I think this has really helped my trading psychology and allowed me to stay focused and not stress on the task at hand.

I also managed to get out at the top with both S&P and GBPJPY trades which feels great. With the S&P, I got in at 895.63 and got out at 897.43.. just under 2 points here but the stakes are 10x larger than usual with S&P trading, this made the equivalent of 18 points.

With the GBPJPY, I entered at 14551 and exited at 14602 for a healthy 51 pips!

Tags: daytrade, daytrading, daytrading blog, Forex trading, futures trading, gbpjpy, spreadbet, Spreadbetting, trading profits, trading winner, trading winnings, winning streak

Another winning trade today…

I saw momentum towards the downside had dwindled and the market looked like it would make some movement upwards. I went long at 14622 with a stop at 14585 and a target of 14660.

Soon after my trade, the market went south and I was beginning to think it could go wrong and move towards the first support area at 14600 and if this failed, the 14575 level. My stop was at 14585 as I didn’t want to take the loss or risk below the 14600 line.

My target was 14660 and when the market bounced upwards towards it, I got a bit edgy at 14650 and took profits for 28 points.

It looks like that was a good short term trade as the market fell away from this level as you can see and is now at 14627 as I write.

Lately, I’ve been able to get out at the short term top/bottom.. I’m not sure if it’s intuition through working with the markets or what. I know it’s early days but so far, I’ve had a positive trade every day since I went back to my spreadbetting account.

Tags: currency trading, forex, gbpusd, pound dollar, spreadbet, Spreadbetting