The Five Minutes a Day Trading campaign for the month of March delivered a 54 point profit. We calculated at the outset that the strategy required just seven winning trades to profit, and there were a number of near misses along the way. However there are no excuses in trading, and the result stands.
5MADT Results 17:10, 01 April 2019
In another extraordinarily lower range session we are yet again left with an open position! This is the fourth time this month – yet there’s never been an unclosed trade in the previous six Five Minutes a Day Trading campaigns. For the record, we closed the trade at 9 am local time at a 12 point profit, leaving us up 54 points for the month. Look out for a full summary of the month’s trading later today.
5MADT Results 15:20, 01 April 2019
Tonight brings the final trade in the Five Minutes a Day Trading campaign for the month of March. Although we were looking for better trading results in these last few trades, previous wins mean we are assured of a profit for the month. The question is: “How much will we make?” On Monday we’ll answer this question and look at the campaign as whole, with a number of firsts recorded in this our seventh 5MADT month.
5MADT Prices 17:00, 29 March 2019
Despite an initial sell-off and subsequent rally, there was another loss in last night’s Five Minutes a Day Trading strategy. Once again the shape of trading in the European session was in line with the 5MADT approach, but the rally was not strong enough to reach our take profit level. We are heading into the final trade of the campaign tonight with a profit already assured for the month. Join us at 5 pm (Melb/Syd) for the completion of the 5 MADT trading month of March.
5MADT Results 11:10, 29 March 2019
Two trades to go and we’re looking to line our pockets with more pips and finish off this March campaign in style. Released once every 3 months, the US Gross Domestic Product (GDP) Report is the broadest overall measure of economic activity, health and growth in the USA. Experts forecast a slowdown in US economic growth and this could send the EURUSD into a frenzy depending on the actual results this evening.
5MADT Prices 17:00, 28 March 2019
Last night recited the notorious tale of the market flirting with the stop loss - just enough to get stopped-out before turning and falling in our favour. Trades like these really test a trader’s discipline as it becomes incredibly tempting to move that stop loss price level a bit higher as the market gets closer. It’s often in those situations where traders tend to turn small losses, which should be part of the plan, into huge liabilities that decimate their trading account. Sticking to the trading plan and trusting your back testing figures are key during these sessions. Join us again at 5pm Sydney/Melbourne time as we enter our penultimate trade in the EUR/USD 5 minutes a day trading campaign.
5MADT Results 11:15, 28 March 2019
Staying disciplined and sticking to our trading plan has led to a zero stress scenario as we undertake our 19th trading session with pips to spare. With this particular trading plan, we only need to win 1 out of every 3 trades to make a profit - showcasing the importance of proper risk management. Going into tonight’s trade, there may be increased volatility in the USD as the US Trade Balance report is released at 11:30pm Sydney/Melbourne time and it has the potential to move the market.
5MADT Prices 17:00, 27 March 2019
A win last night puts the Five Minutes a Day Trading campaign in a strong position. A profit for the month is now assured. The question now is not whether the Five Minutes a Day Trading strategy will deliver a profit, but how big will the profit be. With just three trades to go the profit for the month of March will come in between up 27 points and up 165 points, demonstrating the value of sticking to a trading plan.
5MADT Results 11:40, 27 March 2019
The Five Minutes a Day Trading campaign for the month of March is in the home stretch. We’re looking for a win from our fourth last trade to assure a profit for the month. Although we had a loss last night, the shape of trading over the last few sessions is what we are looking for: an initial move that fails and a push back in the opposite direction.
5MADT Prices 16:55, 26 March 2019
EUR/USD pushed just high enough to trigger our stop loss order, before dropping in the desired direction. A near win on Friday night, a near loss last night. The Five Minutes a Day Trading campaign is in profit 41 points for the month so far, with four trades to go. Just one more win will assure a profit. Watch as we bring the month home, starting at 5 pm today.
5MADT Results 11:20, 26 March 2019
In this last week of the March Five Minutes a Day Trading campaign we need just one win out of five to assure a profit for the month. Although the European and US sessions are a little data light, reads on German and US business conditions and confidence, and US housing data, may be enough to get us over the line. Recent volatility in EUR/USD may also help.
5MADT Prices 17:05, 25 March 2019
Going into our sixteenth trade of the 5 minutes a day trading campaign and we’re still in the green with six trades to go. Leading into the fourth and final week of our trading campaign, we’ll be looking to score at least two more wins to finish on a high note.
5MADT Prices 16:55, 22 March 2019