8th December

Hi John

Today I’ve got my Euro charts up, put all the S+R lines in and watching and asking myself where I’d get in and out. Last week I’d have done the opposite. I was chatting to Darren and showed him the charts and pointed out places where before I’d have gone in the opposite direction but now I’ll read the charts differently and every time I was right. The Euro is falling now and I won’t get in whereas before I’d have got in at this point but I can see where I should have got in and made good pips. It’s now hit my support line and bouncing back into a bit of a buy. I don’t mind demo’ing this for a few days to perfect it but I feel a lot happier with my weekend’s research and what I’ve learned.

Trade2win has amazing articles and I read the forum and articles with such interest. There is one article I am attaching that I found interesting although I’ve not studied it in depth. Maybe you’ve also read it. They speak of the EMA of 100. The Dealbook has its set at 25. I tried to put in 100 and it was three inches below the actual chart. Obviously I’m not reading this right and don’t understand what I did.

Last week Monday I sent you a screen shot of a breakout I tried to trade. I lost 20 pips as it went the other way. Yesterday I put in S+R lines onto this chart and if it had been a week later I’d not have sold instead have bought. I probably have too many S+R lines but that will also ease up with time. Right now to me they are additional alert signals and I’m fascinated by what the charts are telling me now

This is such a learning curve and I can see the fewer indicators you have the better off you are. I know you’ve been telling me this all along but I need to find these things out for myself through trial and error. I mentioned this in an email a few weeks back.

Mondays are not good trading days for me. I always make big losses so today I’ll watch and learn and demo

Darren has gone to the gym. He wanted to have a wee chat with you. He’s done amazingly well this last week and I think he’s on a roll and he appears far more confident every week. It’s a pleasure to see. Maybe I’ll get to that stage too one day. I certainly will give it ALL I have to get there. I have a client coming to see me this afternoon so I can’t even think of trading before 4pm today. That’s fine until then I will watch the charts and work out what I’d do and see if I’m right.

Chat later. Regards

Desiree