It was a close call over night. The first trade of the February Five Minutes a Day Trading strategy was a Sell - and given the falls overnight certainly looked like the right approach. Despite coming within 3 points of the take profit level, a rally early in the session saw the trade stopped out. None from one.

Here's the prices:

20140204 prices

And the results table:

20140204 results

A loss is not cause for concern. The strategy needs only 7 winning trades to show a profit from the 20 trading days in February. We'll stick with the strategy - follow us here and/or see the prices as they are generated on Twitter by following @MMcCarthy_CMC.

You can read more about the Five Minutes a Day Trading strategy here:

http://blog.cmcmarkets.com.au/asset-class/indicies/five-minutes-day-trading-strategy-paper/