Week 2
A winning cluster – results day 11
The second win in a row and the fourth clear win for the campaign puts the Five Minutes a Day Trading strategy further into profit for the month of March. In past campaigns we’ve observed winning trades coming in a cluster. While past performance is not a guide to the future the idea that favourable market conditions may prevail for a number of days is intuitively appealing. We’ll find out more tonight! Join us at 5 pm Melb/Syd time for our next trade.
Eleventh trade. 15 March – prices
Another day, another trade. Today also marks the halfway point of our EURUSD March rally and we’re looking to further increase our win count. The Eurozone’s Consumer Price Index rate will be released this evening and we could see some volatility during the session depending on that inflationary figure. Join us tonight at 5pm as we wrap-up the second week of our 5 minutes a day trading campaign.
Back in profit – results day 10
Trade number ten delivered our third clear win of this Five Minutes a Day Trading campaign. After four losses in a row, and a dip into loss territory, its pleasing to be back in profit for the month. Last night’s trade was a perfect illustration of the market pattern the strategy seeks: a false move to begin with turns to a trend in the other direction. It also shows the importance of persistence in trading. Previous campaigns have indicated that wins tend to cluster, so we have heightened expectations for tonight’s trade, kicking off at 5 pm Melbourne/Sydney time.
Tenth trade. 14 March – prices
One of the toughest parts of trading is sticking to the plan when it’s not paying off. The beauty of a carefully crafted, well researched trading plan is that it’s much easier to keep at it when the going gets tough. Looking back on previous campaigns some profitable months had runs of twelve or thirteen outs before returning to healthier territory. Of course the preference is a win tonight.
Persistence – results day 9
The uptrend continued in overnight EUR/USD trading, meaning another sell trade and another stop out. However the daily chart gives a possible indication that conditions may be changing in favour of the Five Minutes a Day Trading strategy. The campaign is now in the red, but a win tonight would put us back on track. Today and every day this month we’ll be setting our orders at 5 pm Melbourne/Sydney time.
Ninth trade. 13 March – prices
Looking for a win tonight to move us back into profit territory. Sticking to a plan and persisting even when things are not working as well as hoped are important ingredients in successful trading. We’ve committed to the full month of trading, and will deliver come what may. Onward and upward for the Five Minutes a Day Trading campaign.
Stopped out - results day 8
Once again the overall shape of trading accorded with the Five Minutes a Day Trading strategy, but the result didn’t fall our way. After rising to our sell level, EUR/USD continued higher, just hitting our stop loss level before reversing and trending lower. This put the strategy into loss for the first time in this campaign. Nevertheless, we stick to the strategy and will be back at 5 pm today.
Eighth trade. 12 March – prices
The profitability of this Five Minutes a Day Trading campaign is up for grabs tonight. After two wins and a draw from seven trades, the strategy is up six pips at the moment. A win tonight will put us firmly in profit, a loss will put us in the red for the first time this month. As a trader, I always prefer to play with their money.
The rollercoaster - results day 7
The Five Minutes a Day Trading strategy had the right shape, but didn’t get the prize in a trading session of close calls. However emotional highs and lows are all part of a traders’ lot, and a very good reason to trade to a pre-determined plan. Undeterred, we’ll be implementing our plan again this afternoon. Join us at 5pm for the 8th trade in the 5madt campaign.
Seventh trade. 11 March – prices
After Friday’s trending market we’re looking for more early fluctuation for tonight’s trade. The situation may be helped by the release of German industrial production data in early European trading, followed by US retail sales data at the beginning of the US session. The strategy needs at least five wins from the remaining fifteen trades to deliver a successful campaign.
The trend was not our friend – results day 6
This Five Minutes a Day Trading strategy is looking for a reversing market. Sideways or range trading offers ideal conditions. However on Friday night there was a clear trend in EUR/USD, pushing upwards over the session. Our sell order was triggered, and then our stop loss. However the strategy remains in profit for now, and we’ll look to increase our buffer with this afternoon’s trade.
Sixth trade. 8 March – prices
Going into our final trading session for the week and we have the US Non-Farm Payroll report to look forward to. Regarded by many traders as one of the most important leading indicators of economic growth – this report seldom disappoints in providing various trading opportunities for the astute investor. Join us each day at 5pm Sydney / Melbourne time as we continue to challenge European forex traders.
