Nice End to the Trading Week

September 22, 2006 by Trader Rich 

I had another good trade with my new system during the European session this morning capturing 60 pips even though I muffed the trade.  Instead of putting in a 3 lot trade, I only put in a 2 lot trade.

I'm happy with the way things are going right now.  Before I started trading this system, the results from the end of August and beginning of September showed that it produced 10 wins out of 11 trades with a profit of over 700 pips.  Since going production, I've produced 5 wins out of 6 trades and over the last 10 days, the system is up 388 pips or $3880.  

Even though I pretty much know my entry when I go to bed, I still need to manage the trades if initiated during the European session.  If a position opens, my phone lets me know so it wakes me up out of a dead sleep.  Over the last year of dedicating a lot of my time to learning this business, more times than not I'm a walking zombie.  I think that if you want to make it day trading the FOREX, this is necessary and the price you have to pay.  So if you like the movement that the European session has to offer and you have a full-time job in a US time zone, be prepared for sleep deprivation.  I'll try to catch up this weekend but I doubt I will.

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