Sunday, 21 December 2008

11th September

Hi John

How’s the course coming along? I didn’t do much trading yesterday but when I did I was able to make a bit of a profit. Today I'm watching cable and I put on support and resistance lines. When I reached those lines I ended the trade and came out with no losses. That’s my exercise today is to watch those lines and see how accurate they are I got out just in time with no losses. Attached is a screen shot of my support and resistance lines in dark green. I got in at the bottom green one and out at the top one.

Having looked at the charts I can see myself more of a short term trader. I watch the other charts but prefer working with 1M and 5M charts.

I also signed up to Autochartist for the free 21 day trial. They do seem to concentrate on their software but I'm loathe to dole out money when I can find free stuff elsewhere. I will do their 6 day videos and take notes as I'm sure to learn from them. I also went over your trading chapter 7 again last night and learned some more and that's what I'm putting into practice now.

Have a good one. Its cooling down here. Yesterday we saw the black bear in our neighborhood again. He's been in our garden twice now. He's un-phased by people and if you stand and watch him. Kind regards - Desiree

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