$181.13 profit in two days.

I’ve been lucky these last few days. I placed a trade to buy the EUR/USD after Ben Bernanke spoke a few days ago. My thinking was that the market would trade back up being that it was only a speech and no fundementals behind it. Luck would be in my corner as European Central Bank President Jean- Claude Trichet spoke about rasing interest rates next montha and the EUR/USD rose over 100 pips only to retrace Bernanke’s speech.

After closing out my position when I got home because of the unemployement rate was coming out and I didn’t know which way it would go, I bailed out of the market after making a few trades during the night for $30.00 profit.

When the unemployement report came out, the market shot up over 100 pips in a matter of a second or two. I thought it would keep on rising so I wanted to ride the wave. The market reversed around 1.5700 and to move around 1.5650. I listened to my gut feelings and let the trade stay as it made no since that the market would reverse back after the news report of unemployment hitting a 2o year high of 5.5%.

After the market moved past 1.5700, I closed out my position for a $50.00 profit @ 1.5725. I traded 2 lots.

I’m still down $500.05, however, I feel I just might be able to make $10,000 by August. Next week, I’m going to start trading 5-10 lots at a time so I came make more money in a day. I’m going to put my entire paycheck in the account next Friday.