The week began pretty good.
When I opened my account yesterday, I found a trend. In fact, there were two pretty long trends yesterday based on the 5 min charts.

Trading the USD/JPY.
Strategy: Trading the 30min chart, using the 5 min and 1 min chart to decide whether to re-enter to ride the trend, or to hold back my trades.
TP and SL is as stated in my previous post.
Using the Bollinger bands and the Stochastic as my indicators.

The results for the first day of trade are as follows:

Trade Type	Lot size	Enter @	Closed @	Pips Gained
buy	0.10	95.65	95.80	15.66
buy	0.10	95.82	95.97	15.63
buy	0.10	95.96	96.11	15.61
buy	0.10	96.12	96.27	15.58
buy	0.10	96.32	96.47	15.55
buy	0.10	96.52	96.67	15.52
buy	0.10	96.68	96.56	-12.43
sell	0.10	96.55	96.40	15.56
			Total pips gain	96.68

Had to close one lot manually as the trade I entered did a total reversal on me. Rather than ride it out, I did a manual close to cut my losses. And I was glad I did. Saved me a good 8 pips! Cos the price when even lower after that!
Phew! :heh:

Not bad for a first day of the month. A positive figure to wrap up the day.
I hope I can continue to spot the trends correctly!

Today, the market seems a little quiet.
Been at the comp for almost two hours already. Still cannot find a good set up to enter a trade.
Ah well... more reading then. :)