Monday April 20, 2015

Synopsis For Monday April 20, 2015
Trading Goal For Today: +20 pips. or $6.00
Previous Million Dollar Goal Date: 11-6-2015
Current  Million Dollar Goal Date: 11-9-2015 (+3 days)Pips This session: +4.3 pips
20 pip Goal: NOT MET.   

Hello all!
Today started off L_O_U_S_Y! My ISP was down the first 10 mins of the market! I assume it is due to the heavy rains in Chicago. When theinternet did finally come back up, the market ( GBPUSD) had a short bias, albeit a choppy one. So, I put my big boy pants on a took a short when the market re-traced enough for me to get a good and solid entry.

I moved my SL to BE+3, and was promptly kicked out of the trade! Fine! I covered my spread so I *STILL* made a profit of +3pips!

Currently, the market is ranging, and I am flat ( no current positions open), so, as the kids say, I am all good.

I strarted looking for trades @ 3:10am CST. It is now 7:00am CST. I have made +3 pips. To be a successful trader, you will need to learn patience and wait for the trades to setup. As traders, we do not get paid to trade, we get paid to WAIT.

I took 2 trades today- both were closed a little more than brekeven, and THAT is a successful trade!
Why? Because I did not LOSE any money. A break even trade is considered ( or should be considered) a WINNING trade.

The market is too quiet- almost stand still. If you can imagine a bird in mid flight thst just stops-frozen in the air, that is what the GBPUSD is like- it an't moving.

Its' 12:30 pm CST. I am calling it quits for the day. Let's see what tomorrow brings.