5MADT – Another Win – June 7

Trading in EUR/USD overnight was perfect for the Five Minutes a Day Trading strategy. The buy order was triggered by the barest of margins, 0.3 of a pip!. The  market then marched steadily to the take profit level (and beyond).

This gives two wins from four trades, and because of the higher reward to risk ratio, a profit for the month so far of 54 pips. This is a good start, but with 16 trading days to go, no time for overconfidence. Still three more wins required to guarantee a profit for the month.

Here’s the scorecard:

20130607 results



And here’s today’s reference prices:

20130607 prices

You can read more about the Five Minutes a Day Trading strategy in our white paper.

About michaelmccarthycmc

Chief Market Strategist - CMC Markets and Stockbroking Regular on ABC, BBC, Bloomberg, Channel TEN, CNBC, SBS and SKY
This entry was posted in Forex, Market, Trading and tagged , , , , , , , . Bookmark the permalink.

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