2.46pm

Well, I just managed to make my first decent profit for the week. I used what I call my 20-20 technique to extract 20 pips from the market.
I've been working on this strategy for around 8 months now, and it's bagged me (virtually) over 800 points between Jan and April, which ain't something I'd snort at. That's about £8k at £10 a point, or for the more wealthy trader £40k at £50 a point. Not bad for 4 months work. Just need another 50k in my account and I'll be laughing. . .
Anyway, this 20-20 technique goes against pretty much every trading literature I've ever read. It basically uses a fixed 20 point stop loss and 20 point profit target. Rather than working on the usual 2:1 or 3:1 profit target, if you get it wrong, you lose more than you make. The reason I think that this works is that it offers a higher than average probability for winning, which outweighs any losses you make (which can be frustratingly large some days). Anyway, it's one of the techniques I use and will continue to do so until it becomes consistently unprofitable.
The main thing is that I'm currently up for the week. That could change later, or tomorrow, but for now, all is good.