Saturday, 27 December 2008

8th November

Hello John

Thank you so much for your time today. I went for a long walk yesterday and discussed my strategy and trading methods with Leigh and came to the conclusion once again I have to trade what I feel comfortable with. I felt disheartened end of day yesterday despite my 16 pips but after a good nightssleep I woke up feeling ready to ride this baby again and do well.

After our chat I set up my charts and studied them with Leigh. I then entered a trade very calmly on my own. Set my stop to 20 but it didn’t even get past 6 which told me my entry point was ok and then it turned and I made a slow and steady 14 pips in one trade. I traded at £4 a pip. I will now increase it to £5. I feel calm, I feel can do it and I feel I’m back in myzone.

I did write to Darren and I will talk to him today as I love to share ideas with him but if I don’t trade again today, I’m happy, I reached mytarget. I also went back to the euro and it moves slower and with less bounce than the cable which I know makes you more money. I also want to start trailing my stops more. I got in at 89 and had my stop 20 up. I then moved it to 79 when I got down to 75 and when it got down to 71 I said I’d get out at 74. My mental stop was 75 but it started bopping between 76 and 74 for about 30 seconds and then I took my profits.

It was agood time to get out as its changed direction and I now have work to do and will sit it out till a very good opportunity presents itself. If it doesn’t that’s cool too. Last Friday I also went out on 14 pips. Yeah this is doable I feel good and the resignation letter is starting to
form in my mind. Leigh did a great demo trade today.

The VT live account will be available for real trading on Monday. So then we are both on a roll. To Leigh whether he trades $5 or $10 or even $20 a pip doesn’t have the same mental pull that it does for me. It’s a pleasure watching him trade. His pilot check lists come into play I’ll send an update later on if there is new news Regards Desiree

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