20th October

Hi John

Well I’m quitting for the day. I made 15 pips and £375. I gained some good pips when the Americans got up. Now I’m waiting to see what the news flash will do with this afternoons 3pm Bernanke talk.

Darren and I were on Skype together from just before 2pm and we entered a couple of trades together. I let one trade have a much wider stop because all signs were there that it was going down and I was right. I went out at 8 pips but had I stayed I’d have probably made twice that much. It was a very hairy moment for me. My son made a packet again this afternoon whipping up 24 pips on one trade. It was also a good experience for Darren who’s not traded during this time of the afternoon before. I really enjoyed the experience and chatting to him about what we’ve learned in the course.

Without a doubt this is the way to go. £1 a pip is fine for practice of it I want to let a trade run but it’s not worth the hassle. I also found that using only £1 per pip I was not as alert as I am with £25. Using £25 per pip all your senses are sharp and every indicator counts for you. I found I made silly trades on £1 which I’d not dream of entering on £25.

I’ve learned to make the indicators work for me and its great. I’m getting into the swing of the 1 minute and only use the 5 minute as a trend guide. There are also plenty of opportunities during the day where you can pick up
‘safe’ pips when you get nice long runs with thick candles where you have time to get in, think about your stops, lower your panic level and then get out.

I have a question. You mention the prorealtime. Are the charts only available if you subscribe to it?

All the best. Byeeeeeeee - Desiree