6th November

Dear John

Today to my mind was a weird day for trading. I didn’t feel very confident at everything went haywire after the announcement this morning. In fact it went crazy for the whole day and the 30 minute chart was proof enough to show nobody really knew which way to go. It was in a lovely channel of 100 pips but cable fluctuates so much within candles that you can be seriously battered about. I was very impressed by Darrens guts to trade and he went into trades I’d not even think about but I watched and he came out smiling more often than not.

I am too cautious a trader to take these risks but I am willing to learn all I can. He was happy to risk 5 to 10 pips on every trade but I kept thinking that will be £10 per pip for me and I’m way too chicken to try that.

I did trade and I had two successful runs of 8 pips each. I will go onto the £5 a pip tomorrow. I stuck with £4 today mostly because I was so bemused with the trend of rather lack of trend today that I wasn’t willing to go swimming. As I get more confidence I will venture in longer but I keep the 10 pips and anything else a bonus in my head and I’m happy. I’m happy that I got 2 runs of 8 pips each and in the second trade is only went 10 against me before coming back.

I find the euro a safer bet for me. Its slower, maybe less pips but not the heart stopping stuff that cable chucks at me constantly. With time I will gain the experience to trade cable but I think Darren is far more experienced than me to play with fire like that. Tomorrow I’m hopeful it will be quieter and I can get into more assured runs.

Today was a scalping day and Darren spent most of his time buying and selling. To me that is going against the trend and I was too nervous to risk money doing that. His reasoning made perfect sense and I look forward to hearing what you think of his ideas. I feel Darren needs to spread his wings and I worry I’m holding him back. He is so kind and I have a very soft spot for him but today I felt so out of his league I lost confidence to even enter any trades. After we said our good byes I went in and got my 8 pips. Then I said that’s me for today and now I’m putting pen to paper to you

Have a great evening. I’m still working this side and will be for a few hours more. I CANT WAIT to give up my day job. I know I will be more focussed when that happens but John I am starting to think of every trade I enter as being a tenner and that’s why I tend to be cautious and only enter trades when I feel they are safe. There are plenty of opportunities for safe trades during the day and I’m prepared to wait for them. Am I a chicken? My parrot seems to think I am !!! Back to the euro for me

Cheers - Desiree