4th December

Indices may be the way to go

Hello John

Last night I was chatting to Darren and we looked at the Dow. I had set up my templates but still need to work out how to do the 1 click. While chatting to him the Dow was rising and Darren went in for a buy and I was on demo so said I’d go in too. The first trade I got cut out at 25 pips but that was a silly entry as things were turning and I got caught out. I then set a 30 pip stop and went in again after better confirmation. I made 64 pips in a few minutes. I have never had such a good run before on anything except last week when you got me into a Dow trade and that went to 84 pips.

I set up various templates – Dow, Dax, FTSE, Euro, Cable and one other I cant think of right now. The indices had clear runs up and down and the currencies were all over the place. Comparing the two I can see how you can be messed about with currency. As you know I made two losses yesterday because I stopped out too soon – and traded when I shouldn’t have - but on the Dow run I set myself a stop of 30 and let it work for me. Ok this was demo but even in my demo days I never had runs like this. I can see why you need to give yourself room to move on the Dow and if I’m trading at £1 or £2 a pip its easy to do. I will demo trade this for a while to see how volatile they are and get the feel of them.

Today I will trade on CMC until I can get the DealBook sorted.

This has really given me food for thought. I got up too late this morning and missed the cable and euro morning run. Now its channelling again and I wont enter that as it will bite me like it did twice yesterday

Iain did his first real live trade on euro and made 5 pips. He was lucky as it wasn’t a good time to trade. He will do well. He has the right mind and is emotion free. He’s applied for a job with the European Space Agency. I hope he can secure a job with then. Its only a one year contract for newbie masters graduates but I think would be wonderful experience and great on his CV.

GFT are opening a second account for me in my name. I tried to open on jointly for Leigh but he doesn’t have any utility bills going into this country so it wont work. This may be the way to go as I really want to get into staying in trades for longer. I feel more confident as the days go by and once I have settled into the new platform I will be happier still.

Ok back to my platform. I’m steering clear of the euro and cable as its very choppy at the moment

Chat later

Desiree