The end of the demo is nigh

31 May, 2006 (15:14) | Journal | By: Colin McGinley

Monday was Memorial day this week, so there was light trading before and after the weekend.  I entered two positions on the Friday as price reached the lower part of Q2 again.

Yesterday saw a nice rise up to high Q3 (seems like this range trading has been going on for a while now - need to be careful as a breakout has to happen sometime).

I exited my Q3 entry from the middle of last week yesterday morning to get some daily bread.  I exited one of my Q2 entries just before the release off FOMC notes from the last meeting, bagging around 60 pips.

EUR-USD chart

Trade results

The above account record also shows two birthday trades that happened in the latter pat of last week too.

I have one outstanding Q2 entry that I will most likely close out later today, as this demo account will expire shortly, and I am going to start trading with my live account starting tomorrow.  It will be the beginning of a new month, and I will have survived three months of demo trading to date.

Hopefully the live trading will be as successful as my demo trading!

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