The Forex Diary 9-30-09

After getting up at 1:00 a.m. to trade, I watched my trading system give me a signal. I waited almost an hour for confirmatation. The EUR/USD market stalled around 1.4600 for almost 30 minutes before reversing back up to 1.4660 area. I was able to go relatively unscathed by only losing $37.00. I was able to bring that down with a few small trades to $27.00 before going back to sleep. I woke up at 6:00 a.m. to see that the market still was at the 1.4660 trading sideways. I got another signal 10 mintues before 7:00 a.m. I was able to capture another 10 points. I had to close out of the position for the fact that I had to go to work. The market normal has a strong trend between 7:00 a.m. and 8:00 a.m. that I normally miss because I have to go to work.

Balance: $661.66

Today’s P/L = $22.70

Total # of Trade Today: 4