ECB PRESS CONFERENCE & TRADES: Yesterday was ECB Day – “my” markets (DAX, Cable and Oil) were fairly muted ahead of Draghi’s press conference. Post-ECB I took setups on DAX (long) and Oil (long) – both positions ran a fair bit against me but in the end both were closed around scratch.
(NET)WORKING WITH OTHER TRADERS: The day was a bit hectic yesterday, as I had two traders come to the office in succession in the afternoon – a part-time trader whom I met at one of the networking events in early Feb – and then another friend who often helps out with some MT4 programming aspects – MT4 is the trading platform I use most of the time. We discussed another coding piece of work by which we want to incorporate real-time measuring of daily ATR’s to enable us to compare various markets.
SEMINAR: Finally in the evening I attended a ‘meet-up’ seminar run by FX Street and ended up having a long trading chat with one of my Kiwi buddies at the pub afterwards.
FUTURES TRADING: Earlier in the day I got in 90 minutes of ES futures trading, prior to the start of the ECB conference, and managed to squeeze out another 29 ticks. I had also done another 3hr session on Tue – also a winning session of 34 ticks. That makes it three in a row – yay! My trading in that area has mainly been based on the EMA10 and EMA20 on the 1M chart.
HOLIDAY-TIME: When trading full-time it’s important to have a real break every now and then – ideally every 6-8 weeks. I spent a week in France in mid January so it’s about time I took another week off, so you won’t see any blog posts for a week or so – happy trading to everyone!
Chart shots for the two trades taken on 5th March