Wednesday, May 30, 2012

$1,000 a Day Is Doable (So Far)

Account balance: $107,437.16.

Reaching my 1% gain today was a bit more challenging that I thought. It took three trades: One fast $600, and four shaking $90+ trades.

My last trade was this evening, and it was a long position in the EUR/USD. Technically I shouldn't be executing any long trades because the price action is below the 100 EMA, but the 5 min chart showed the RSI passing 70.

My suspicion that a trend reversal on the EUR/USD was around the corner might not be farfetched after all.

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