Hi John
Well I’m in the USA now and its Wednesday and I’m watching the Euro. USA markets open soon and I’ll move over to the Dow. This is the first time I’ve looked at the charts in a few days. What I did today was to add an S+R line at the 00 in another colour. What an eye opener. All my other lines are in green but I made these in pink and the euro is dancing around 1.4100. Having changed the colour it really stands out and I’ll do this in future to really make me aware of the 00 coming up.
I’m hoping to put a lot of work into the new website while I’m here. I think my day job may fall away and of this year which means I’ll have more time on my hands and I can really concentrate on the trading and not be distracted like I’ve been with my day job lurking at the back of my mind. I also think not having this job I have to put even more into the trading as it will become my main means of income. So psychologically another approach and I feel I’m up for it. I will keep my bid low till I am comfortable and will trade within my money management. Once I have the trading taped – I want to concentrate on the 5m and longer time frames – I will then sink more money into the account and increase my bid.
I’ll stay in touch
Regards
Desiree
Saturday, 27 December 2008
12th December
Hi
I am feeling a lot better about my trading. Today I bagged 21 pips on the euro. I ended the second trade as I need to step out. What I did was set a huge stop and let it run. Sure it went against me 26 at one point but I didn’t let it worry me. I carried on working and I came out 12 on top. I ended the trade myself. I thought I have to go for this and take some risks. Not stupid risks but take the bull by the horns and go for it.
So to day I’m up 21 pips on two trades. No losses. Yesterday 3 trades and 20 pips and again no losses. I’ve not done the Dow today but I will look at that in more depth this afternoon. I am using my VT as a training and I feel so much better about it. Watching s and r closely and checking where to put my stops.
John I WILL make it.
Till later
Desiree
I am feeling a lot better about my trading. Today I bagged 21 pips on the euro. I ended the second trade as I need to step out. What I did was set a huge stop and let it run. Sure it went against me 26 at one point but I didn’t let it worry me. I carried on working and I came out 12 on top. I ended the trade myself. I thought I have to go for this and take some risks. Not stupid risks but take the bull by the horns and go for it.
So to day I’m up 21 pips on two trades. No losses. Yesterday 3 trades and 20 pips and again no losses. I’ve not done the Dow today but I will look at that in more depth this afternoon. I am using my VT as a training and I feel so much better about it. Watching s and r closely and checking where to put my stops.
John I WILL make it.
Till later
Desiree
11th December
HI John
How did your day go? After we spoke I made 20 pips on VT. I showed Leigh how to use the DealBook before anything good happened to trade. Then I went out and when I came back to trade DealBook told me there was a fatal url error and I had to log in again and since then I’ve not been able to get in either on my laptop or my desktop. I have been in touch with them and waiting for them to get back to me. A real bummer as I was so fired up to trade today and making good trades without any losses.
I felt happy going into trade and the euro did some super gains. I didn’t go in for a long buy as I wanted to and now wish I had, I took my gains and got in again but didn’t let it run which is something I need to make myself do. Set bigger stops and then let it go.
Watched a VT seminar on channel trading and they showed several but the presenters favourite is still the Bollinger bands. It was interesting to see that we really need to let our trades run and today was a perfect example of allowing the Euro to run
Anyway that’s it for tonight . I hope dealbook is better in the morning
Cheers
Desiree
How did your day go? After we spoke I made 20 pips on VT. I showed Leigh how to use the DealBook before anything good happened to trade. Then I went out and when I came back to trade DealBook told me there was a fatal url error and I had to log in again and since then I’ve not been able to get in either on my laptop or my desktop. I have been in touch with them and waiting for them to get back to me. A real bummer as I was so fired up to trade today and making good trades without any losses.
I felt happy going into trade and the euro did some super gains. I didn’t go in for a long buy as I wanted to and now wish I had, I took my gains and got in again but didn’t let it run which is something I need to make myself do. Set bigger stops and then let it go.
Watched a VT seminar on channel trading and they showed several but the presenters favourite is still the Bollinger bands. It was interesting to see that we really need to let our trades run and today was a perfect example of allowing the Euro to run
Anyway that’s it for tonight . I hope dealbook is better in the morning
Cheers
Desiree
10th December
Dow
Dear John
Well I came out in profit. I watched it go horribly against me and I sat it out. I moved my stop to the top of the Bollinger band which was 72 against me but I sat it out and left it. Sure trepidation at a few points but generally I said if I stay in this trade I have not lost any money and all the signs were it was going down. I ended up making 14 points profit. I wasn’t sure it would let me out in profit so when it got to the point where I was happy I set a trailing stop at 4 and let it run and it went down nicely.
I learned a few things. I should not have got into the trade as a sell instead a buy and made some points. There was ample room to make money there. There were times I wanted to get out but I thought nope I wont learn this game if I get out so that’s why I stayed. Then on the way down it started going my way. very strong resistance at a few places and at one point when it was 35 down my stop was at 50 points. I then added a new stop closer to profit.
Tomorrow I will trade like this again and I will increase my stake but for now I’m staying where I am to get familiar with the volatility in ‘real’ money time and then go up. I am thrilled to end the day in profit. It has continued to go down and had I not gone so much against me I’d have sat it out longer but the relief to make profit make me take my gains. It stopped me out when the green candles appeared. Darren unbeknownst to me also traded and made money going pu and down.
I learned a lot today. Every day is a learning curve and I’m thrilled that I stayed in the trade. This is what I did in demo and it always came back to reward me.
I’ve closed Deal Book and now have some day job work to do. I can see that the real runs start after 4pm which suits me fine. In the USA that is 11am and suits us fine too as we don’t have to get up before the sparrows.
Have a good evening John and I hope your trades go in your direction
Cheers
Desiree
Dear John
Well I came out in profit. I watched it go horribly against me and I sat it out. I moved my stop to the top of the Bollinger band which was 72 against me but I sat it out and left it. Sure trepidation at a few points but generally I said if I stay in this trade I have not lost any money and all the signs were it was going down. I ended up making 14 points profit. I wasn’t sure it would let me out in profit so when it got to the point where I was happy I set a trailing stop at 4 and let it run and it went down nicely.
I learned a few things. I should not have got into the trade as a sell instead a buy and made some points. There was ample room to make money there. There were times I wanted to get out but I thought nope I wont learn this game if I get out so that’s why I stayed. Then on the way down it started going my way. very strong resistance at a few places and at one point when it was 35 down my stop was at 50 points. I then added a new stop closer to profit.
Tomorrow I will trade like this again and I will increase my stake but for now I’m staying where I am to get familiar with the volatility in ‘real’ money time and then go up. I am thrilled to end the day in profit. It has continued to go down and had I not gone so much against me I’d have sat it out longer but the relief to make profit make me take my gains. It stopped me out when the green candles appeared. Darren unbeknownst to me also traded and made money going pu and down.
I learned a lot today. Every day is a learning curve and I’m thrilled that I stayed in the trade. This is what I did in demo and it always came back to reward me.
I’ve closed Deal Book and now have some day job work to do. I can see that the real runs start after 4pm which suits me fine. In the USA that is 11am and suits us fine too as we don’t have to get up before the sparrows.
Have a good evening John and I hope your trades go in your direction
Cheers
Desiree
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
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
7th December
Support and resistance
Good evening John
I know I can hear you thinking this girl needs to get a life. True true. I did have fun today and I came home to an empty flat and crap on telly. I was itching to learn more about support and resistance and have read the threads on T2W which are brilliant and then went into VT and drew S+R lines onto the charts for the 1, 5 and 30m charts. What an eye opener. Darren speaks of getting into trades with a minimum of risk and looking at my lines I can see where to get in and risk very little and where to think of getting in. I can see so clearly now I get I way too late. Interestingly my s + r lines are mostly around the 0’s and 00’s or within 10 pips of them. Adding trend lines further confirms what you’ve taught me. I did some reading up on the MACD and again found I use it too late.
I’ve never used the S+R lines properly despite putting them in to identify channels but I’m slowly getting an AHA moment. Keep them coming and I will win at trading.
Getting there. Off to bed more than likely to dream of charts and entries and exits
Good night
Desiree
Good evening John
I know I can hear you thinking this girl needs to get a life. True true. I did have fun today and I came home to an empty flat and crap on telly. I was itching to learn more about support and resistance and have read the threads on T2W which are brilliant and then went into VT and drew S+R lines onto the charts for the 1, 5 and 30m charts. What an eye opener. Darren speaks of getting into trades with a minimum of risk and looking at my lines I can see where to get in and risk very little and where to think of getting in. I can see so clearly now I get I way too late. Interestingly my s + r lines are mostly around the 0’s and 00’s or within 10 pips of them. Adding trend lines further confirms what you’ve taught me. I did some reading up on the MACD and again found I use it too late.
I’ve never used the S+R lines properly despite putting them in to identify channels but I’m slowly getting an AHA moment. Keep them coming and I will win at trading.
Getting there. Off to bed more than likely to dream of charts and entries and exits
Good night
Desiree
6th December
Trading – I’m a slow learner
Hi John
I’m not sending you an analyser this week as I was most demo’ing and trying to find my feet with Deal Book.
Yesterday I traded with Darren and will go back to spending time with him. I bet you have this huge question mark over your head but here are my reasons. When I traded with Darren before he used to go into trades that made little sense to me. Sure he made money but he also lost money. Since he’s been on the Dealbook he’s been trading differently and I spent yesterday afternoon watching him. He’s really fine tuning what he’s doing now and I admire him – I have always admired him but I can see he’s had this revelation and the effect it has on his trading. I still want to enter trades on my own but I think it has finally sunk in with me why I am making these losses.
1 I enter trades too late – that’s my hesitation and also fear of being wrong
2 I buy at resistance and sell at support. Darren and I were both guilty of this previously but he’s worked out we need to sell at resistance and buy at support. I have lost money doing the opposite. I look for a breakout which doesn’t necessarily come and then I enter a trade thinking it will continue in the direction its going and wham it turns and hence my losses of 20 pips as it goes against my stop
I now have to practice getting in at the right time and heading in the right direction. Right now my trades are hit and miss. I need to let the MACD work better for me. Yesterday we did the Dow. I tried to enter a live trade but it gave me a different response to what it does on the demo and I cancelled the order. I am glad I didn’t go in as it would have gone 30 against me before bringing me into profit. I had tried to buy at resistance. Darren did the same. He managed to hold on till he broke even and then afterwards we saw it was at resistance and we should have sold and not bought. Sure it did return and then broke the resistance and went on into a beautiful rally upwards. However I’d have baled at 20 and made a loss and not let it turn and go in my direction. Fear.
The Dow is definitely the way to go. I’m picking up points there I never did before. It is very volatile and I need to be sure of a good run as I found that when I demo the volatility is such that when I try to get out in a profit by the time it lets me out I’m in a loss. I have a strategy for getting out that I want to put to the test on Deal Book. I can see the importance of the stops with the Dow – on any trading really but especially with a volatile market like the Dow. There are a few things that don’t make sense with the Deal book. For instance, every time you enter a one click you need to then reconfigure the ticket to allow for 1 click. It let me in the first time and then when I tried to sell it took me through two clicks before I got out. This cost me valuable points. When I had a run of 27 points and I wanted to get out it took me out at 21 points loosing me 6 in the process of getting out. Now I can’t work out whether this is my internet connection or if the volatility doesn’t allow me to trade shorter runs and therefore boots me out at a loss. It happened three times in a row and the 4th time I was so well in profit I was able to get out in profit. This is still on the demo.
The Dow compared to currency is so interesting. Darren and I compared a candle on the Dow to one on the Euro. The Dow’s candle was 20 points and the equivalent on the euro was between 2 and 4 pips.
I think although I so want to go into real time trading I need to go back to the Demo for a few days to get the entries and exits right. I’m so keen to trade but until I can get to grips with Dealbook and my entries etc I am going to be throwing money away as I’ve been doing. I will stay at £1 a pip and if I see a good rally up or down I will enter the trade and let it work for me but I need to perfect a few things. So back the course again. I can see where Darren learned a lot from watching you trade. Nothing comes close to watching a master at work. I will have Dealbook open on my desktop pc as the live account and the demo on my laptop. That way I can practice the shorter runs with s+r and enter live the longer runs and have the time to put in stops and manage my trade without getting into a flap. If my internet connection doesn’t allow for serious volatility then I will need to be content with longer runs that will give me leeway either side. There are enough good trades for me to wait for them. Yes I hear you say don’t sit in front of the computer but until I get this system licked, I have to spend time practicing.
Yesterday I committed a cardinal sin. I entered a trade on the Euro as it shot up – two lessons learned. I should not have entered this trade because it went up so fast that I was mesmerised by it and forgot my stop. When it reached the top – over 30 pips away I tried to get out. It took my deal ticker away and replaced it with a green box. Nothing happened for quite a while and I thought ok I’m nicely in profit. NOT. About a minute or more later it came back with a re-quote of negative 39 pips. Looking back all the markets moved at that point and I guess I have no idea why but maybe it wasn’t a good time to trade. Had my stop been in place I’d have been ok. I feel safe with stops but this one went so fast it took me by surprise and only afterwards did I reprimand myself for being an idiot and then I closed VT and went out and had my hair cut.
I felt so low about yesterday but today a new day I have new insight and ready to try again. I’ve recognised my stupidity and now can work on getting it right. I learn something new about myself every day. In the past I’d have chucked in the towel but not now. I have found a career that can work for me and I want to get in on it. I’m so grateful to have you and people like Darren and Leigh and my son to support me.
Hope you got back ok and your wine nicely stored in your cellar!! Its cold here and I’m about to head out for a walk. The pavements are scarily slippery. Hey, I may be in Japan for Christmas. Leigh is in Tokyo and the loads are so wide open I can go along. So it will be nice not having to spend a lonely Christmas on my own in a country where I don’t know anyone close-by.
John, have a good weekend and we’ll chat on Monday. I’ve given my CMC account and money to my son. He can’t afford an account with Dealbook but I’ve left just under £300 in my CMC account for him.
Cheers for now
Desiree
Hi John
I’m not sending you an analyser this week as I was most demo’ing and trying to find my feet with Deal Book.
Yesterday I traded with Darren and will go back to spending time with him. I bet you have this huge question mark over your head but here are my reasons. When I traded with Darren before he used to go into trades that made little sense to me. Sure he made money but he also lost money. Since he’s been on the Dealbook he’s been trading differently and I spent yesterday afternoon watching him. He’s really fine tuning what he’s doing now and I admire him – I have always admired him but I can see he’s had this revelation and the effect it has on his trading. I still want to enter trades on my own but I think it has finally sunk in with me why I am making these losses.
1 I enter trades too late – that’s my hesitation and also fear of being wrong
2 I buy at resistance and sell at support. Darren and I were both guilty of this previously but he’s worked out we need to sell at resistance and buy at support. I have lost money doing the opposite. I look for a breakout which doesn’t necessarily come and then I enter a trade thinking it will continue in the direction its going and wham it turns and hence my losses of 20 pips as it goes against my stop
I now have to practice getting in at the right time and heading in the right direction. Right now my trades are hit and miss. I need to let the MACD work better for me. Yesterday we did the Dow. I tried to enter a live trade but it gave me a different response to what it does on the demo and I cancelled the order. I am glad I didn’t go in as it would have gone 30 against me before bringing me into profit. I had tried to buy at resistance. Darren did the same. He managed to hold on till he broke even and then afterwards we saw it was at resistance and we should have sold and not bought. Sure it did return and then broke the resistance and went on into a beautiful rally upwards. However I’d have baled at 20 and made a loss and not let it turn and go in my direction. Fear.
The Dow is definitely the way to go. I’m picking up points there I never did before. It is very volatile and I need to be sure of a good run as I found that when I demo the volatility is such that when I try to get out in a profit by the time it lets me out I’m in a loss. I have a strategy for getting out that I want to put to the test on Deal Book. I can see the importance of the stops with the Dow – on any trading really but especially with a volatile market like the Dow. There are a few things that don’t make sense with the Deal book. For instance, every time you enter a one click you need to then reconfigure the ticket to allow for 1 click. It let me in the first time and then when I tried to sell it took me through two clicks before I got out. This cost me valuable points. When I had a run of 27 points and I wanted to get out it took me out at 21 points loosing me 6 in the process of getting out. Now I can’t work out whether this is my internet connection or if the volatility doesn’t allow me to trade shorter runs and therefore boots me out at a loss. It happened three times in a row and the 4th time I was so well in profit I was able to get out in profit. This is still on the demo.
The Dow compared to currency is so interesting. Darren and I compared a candle on the Dow to one on the Euro. The Dow’s candle was 20 points and the equivalent on the euro was between 2 and 4 pips.
I think although I so want to go into real time trading I need to go back to the Demo for a few days to get the entries and exits right. I’m so keen to trade but until I can get to grips with Dealbook and my entries etc I am going to be throwing money away as I’ve been doing. I will stay at £1 a pip and if I see a good rally up or down I will enter the trade and let it work for me but I need to perfect a few things. So back the course again. I can see where Darren learned a lot from watching you trade. Nothing comes close to watching a master at work. I will have Dealbook open on my desktop pc as the live account and the demo on my laptop. That way I can practice the shorter runs with s+r and enter live the longer runs and have the time to put in stops and manage my trade without getting into a flap. If my internet connection doesn’t allow for serious volatility then I will need to be content with longer runs that will give me leeway either side. There are enough good trades for me to wait for them. Yes I hear you say don’t sit in front of the computer but until I get this system licked, I have to spend time practicing.
Yesterday I committed a cardinal sin. I entered a trade on the Euro as it shot up – two lessons learned. I should not have entered this trade because it went up so fast that I was mesmerised by it and forgot my stop. When it reached the top – over 30 pips away I tried to get out. It took my deal ticker away and replaced it with a green box. Nothing happened for quite a while and I thought ok I’m nicely in profit. NOT. About a minute or more later it came back with a re-quote of negative 39 pips. Looking back all the markets moved at that point and I guess I have no idea why but maybe it wasn’t a good time to trade. Had my stop been in place I’d have been ok. I feel safe with stops but this one went so fast it took me by surprise and only afterwards did I reprimand myself for being an idiot and then I closed VT and went out and had my hair cut.
I felt so low about yesterday but today a new day I have new insight and ready to try again. I’ve recognised my stupidity and now can work on getting it right. I learn something new about myself every day. In the past I’d have chucked in the towel but not now. I have found a career that can work for me and I want to get in on it. I’m so grateful to have you and people like Darren and Leigh and my son to support me.
Hope you got back ok and your wine nicely stored in your cellar!! Its cold here and I’m about to head out for a walk. The pavements are scarily slippery. Hey, I may be in Japan for Christmas. Leigh is in Tokyo and the loads are so wide open I can go along. So it will be nice not having to spend a lonely Christmas on my own in a country where I don’t know anyone close-by.
John, have a good weekend and we’ll chat on Monday. I’ve given my CMC account and money to my son. He can’t afford an account with Dealbook but I’ve left just under £300 in my CMC account for him.
Cheers for now
Desiree
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
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
3rd December
Hi John
I entered two trades after we spoke but my stops were too short and I was spike out. Had they been bigger – 20 instead of the 8 I would have been fine both times.
Apart from the big drop this morning, it’s not been a great day for trading and the two opportunities I picked were after the announcements. I should have known better than to trade in a channel. The candles looked strong and at a breakout. I entered a buy and then it fizzled out as fast. A while later it looked the same again and wham the same scenario. Before my stops were too big now they are too small. I feel like Goldilocks. I wish I’d find the right bed and get into it. So after the second trade I set up the Dealbook charts and was amazed at how much choice there is when you add other indices to the pot. I’ve been looking at the Euro and Cable with little in them to make me want to trade, yet the other charts have so much variety. I did a couple of demo trades and made money!
I chatted to Darren and he said he’s ready to go live on DealBook. I’m not too sure about a few things so I need to ask some questions before I start to trade.
I asked GFT if I could open a second account and they said absolutely. I’m opening an account for Leigh. I set up the Dow, Ftse, Dax, Aussie 200 and the currencies and then I flicked between the charts. What a difference in trading. The currencies are so choppy and the indices seem more even. I’ve been studying their charts and I’m so grateful for this added opportunity to trade something else.
Leigh didn’t trade again today and is now playing his computer game. It’s bitterly cold here still and promises to get colder. What a wonderful time to sit snuggled in and trade NOT!! I’ve closed the charts for today.
I analysed my demo trading results and although they were much better than I’m doing now, my stops were huge compared to what I’m doing now and my trades always came back and went into profit. I would sometimes widen my stops because I knew the trend was on my side and then when it turned and came back I would reduce them. I see now that was wrong to do. I don’t regret loosing 8 pips in two trades because it could have been worse and I could have lost 20 pips in each trade with the currencies being as they were today. There wasn’t really a trend. Being real money I don’t risk the same amount anymore and that’s why I’ve had this spate of losses.
I’m amazed at my change in attitude. Whereas before losses really crippled me. Now I take them in my stride and accept its early days and I won’t make a master without practice. I also realise to practice on demo isn’t the same unless I want to try out something new. So I’ll keep my stake small and concentrate on pips and not £’s and my attitude is changing. I want to consistently make my 10 pips a day and once I can convince myself I can do this I will be ok. Leigh is amazed at how cool I am with my losses. Before I had sleepless nights, now I chalk it up to experience and the learning curve. So there is progress with me in so many ways and I think my emotions will become more detached as I go along. There are so many sides to trading and I see the similarity with golf.
What I love about your course and your way of approaching trading seems very different to what I’ve seen elsewhere on the net. MTI are all for huge gains and high risk and when they start talking its this typical American in your face stuff. I think the Americans like hype. It turns me off.
Ok that’s all for today. Chat tomorrow
Cheers
Desiree
I entered two trades after we spoke but my stops were too short and I was spike out. Had they been bigger – 20 instead of the 8 I would have been fine both times.
Apart from the big drop this morning, it’s not been a great day for trading and the two opportunities I picked were after the announcements. I should have known better than to trade in a channel. The candles looked strong and at a breakout. I entered a buy and then it fizzled out as fast. A while later it looked the same again and wham the same scenario. Before my stops were too big now they are too small. I feel like Goldilocks. I wish I’d find the right bed and get into it. So after the second trade I set up the Dealbook charts and was amazed at how much choice there is when you add other indices to the pot. I’ve been looking at the Euro and Cable with little in them to make me want to trade, yet the other charts have so much variety. I did a couple of demo trades and made money!
I chatted to Darren and he said he’s ready to go live on DealBook. I’m not too sure about a few things so I need to ask some questions before I start to trade.
I asked GFT if I could open a second account and they said absolutely. I’m opening an account for Leigh. I set up the Dow, Ftse, Dax, Aussie 200 and the currencies and then I flicked between the charts. What a difference in trading. The currencies are so choppy and the indices seem more even. I’ve been studying their charts and I’m so grateful for this added opportunity to trade something else.
Leigh didn’t trade again today and is now playing his computer game. It’s bitterly cold here still and promises to get colder. What a wonderful time to sit snuggled in and trade NOT!! I’ve closed the charts for today.
I analysed my demo trading results and although they were much better than I’m doing now, my stops were huge compared to what I’m doing now and my trades always came back and went into profit. I would sometimes widen my stops because I knew the trend was on my side and then when it turned and came back I would reduce them. I see now that was wrong to do. I don’t regret loosing 8 pips in two trades because it could have been worse and I could have lost 20 pips in each trade with the currencies being as they were today. There wasn’t really a trend. Being real money I don’t risk the same amount anymore and that’s why I’ve had this spate of losses.
I’m amazed at my change in attitude. Whereas before losses really crippled me. Now I take them in my stride and accept its early days and I won’t make a master without practice. I also realise to practice on demo isn’t the same unless I want to try out something new. So I’ll keep my stake small and concentrate on pips and not £’s and my attitude is changing. I want to consistently make my 10 pips a day and once I can convince myself I can do this I will be ok. Leigh is amazed at how cool I am with my losses. Before I had sleepless nights, now I chalk it up to experience and the learning curve. So there is progress with me in so many ways and I think my emotions will become more detached as I go along. There are so many sides to trading and I see the similarity with golf.
What I love about your course and your way of approaching trading seems very different to what I’ve seen elsewhere on the net. MTI are all for huge gains and high risk and when they start talking its this typical American in your face stuff. I think the Americans like hype. It turns me off.
Ok that’s all for today. Chat tomorrow
Cheers
Desiree
2nd December
Tuesday trading broke the spell
Dear John
Well today was better. I traded by myself. Leigh also traded but he never told me when he entered trades. I was hesitant at first not because of the money y because of the money (I have decided I’m putting away money as a training so I have taken a more relaxed attitude) but I was bothered by all the losses.
Trade 1 = 2 pips, trade 2 = 4 pips and trade 3 = 34 pips. Trades 1 and 2 were on the Euro which wasn’t good today but the 34 pips were on cable. We didn’t get into the climb of this morning. We were away from our computers and when we got there it was in a good trade but we couldn’t make out if it was ending the run or not. You did tell me to trade breakouts and I had a trend line indicating break out. Yes the breakout happened as I predicted and over 100 pips were to be made. What fascinated me was that each candle was over 50 pips long and the drops in each candle were 40 pip drops. That is serious volatility and if we’d been in that trade we’d have been re-quoted time and again.
I took the smaller pips today and when it hesitated and I got out. I don’t think the Euro was the correct currency to trade today. I was also in profit almost immediately which again showed me my entry was good albeit short lived.
The 34 pip was showing a decline and we both decided to enter that trade. I went in later than Leigh as I waited for it to retrace more before entering and it did go as much at 15 against me at one point but then it turned and kept going down. I thought to get out at 0 because it was messing about so much between -5 and -10 but when it raced past 0 it was ok to stay in. I then trailed my stop till I was 15 pips in profit. I kept trailing it. I feel very secure when I have my stop in. I’ve had trades that went so fast there was no time for a stop before I got out but when the stop is in place its ok and I can then decide where to get out mentally. When it reached 34 pips I saw it was approaching the support level and the hesitation started again between 32 and 34 pips. When it reached 34 pips and hesitated I said to Leigh I’m getting out and he followed suit. We closed VT immediately and didn’t keep looking in case we were tempted to get in again. I find when I’ve reached my target I’m quite happy to walk away.
Right now I’m concentrating on pips and not $’s I see the sum in my account as pips and that’s helping me to keep the money side away. With my recent losses I’ve got so nervous to loose even more than I’ve not taken the plunge when it looks good but this afternoon with cable I said to Leigh ‘sod it I’m going in’ and I’m glad I did. It feels good to be able to write and tell you I made a few wins.
Working on my own is also better. I have two computers running and I can watch and work. I have set alerts a few pips before my entry point so I can decide what to do. The cable was in an interesting position today. Not only was it in a horizontal channel but there was also a diagonal channel within it. I had trend lines for both and I said to Leigh when it pushes beyond the diagonal trend line it’s a buy and wasn’t it just. We just stood there and gaped. Had I been alone I’d have entered the trade and traded the 5m candle on its own. I really need to separate myself from everything around me.
I want to learn more about the various triangles. I use trend as well as support and resistance lines but know too little about triangles although I do draw them in I need to work out when the breakouts occur. I find at time when there is a strong buy or sell that the support lines give false signals and they cause me to hesitate about going in.
Today I started on the Deal Book 360 tutorial and spoke to GFT a few times. They have assigned Yamile Moss to me and she’s been amazing. I have inconsistencies between my desktop and laptop and the platform doesn’t like two instances running at the same time. VT doesn’t mind if you run your account on more than one machine but I need to work a way round the Deal Book and see if it’s possible. Anyway they showed me how to put the bid and ask lines in and I was even able to help them with a problem they couldn’t work out. So now I’m setting up my charts and trying to get used to the layout. VT has spoilt me but I think I’ll love this too. The few demo trades I’ve done have been super. I will follow all their videos.
Re our conversation and the Dealbook and difficult for beginners. If you teach them DealBook from the getgo they wont know any different and will learn to read the charts from Deal Book. Its only us who’ve been spoilt with VT that know different so don’t be deterred by that. I will help in all ways I can being a newbie myself and I like to keep my workplace clean and simple. Once I get the hang of exporting setups I’ll email them through to you.
I think putting a blog on your site is a brilliant idea. I’ve feel I’ve disappointed you in not reaching my target as I had envisaged. I am still determined to give up my day job and today was a quiet day and I was able to concentrate on the charts and get zoned in. However I think a fall after a good run should be shown to folk that its not all roses and you will have times when things just don’t go right.
Great chatting to you. Hope you win tonight at ten pin bowling
Cheers. I’m off for a walk
Desiree
Dear John
Well today was better. I traded by myself. Leigh also traded but he never told me when he entered trades. I was hesitant at first not because of the money y because of the money (I have decided I’m putting away money as a training so I have taken a more relaxed attitude) but I was bothered by all the losses.
Trade 1 = 2 pips, trade 2 = 4 pips and trade 3 = 34 pips. Trades 1 and 2 were on the Euro which wasn’t good today but the 34 pips were on cable. We didn’t get into the climb of this morning. We were away from our computers and when we got there it was in a good trade but we couldn’t make out if it was ending the run or not. You did tell me to trade breakouts and I had a trend line indicating break out. Yes the breakout happened as I predicted and over 100 pips were to be made. What fascinated me was that each candle was over 50 pips long and the drops in each candle were 40 pip drops. That is serious volatility and if we’d been in that trade we’d have been re-quoted time and again.
I took the smaller pips today and when it hesitated and I got out. I don’t think the Euro was the correct currency to trade today. I was also in profit almost immediately which again showed me my entry was good albeit short lived.
The 34 pip was showing a decline and we both decided to enter that trade. I went in later than Leigh as I waited for it to retrace more before entering and it did go as much at 15 against me at one point but then it turned and kept going down. I thought to get out at 0 because it was messing about so much between -5 and -10 but when it raced past 0 it was ok to stay in. I then trailed my stop till I was 15 pips in profit. I kept trailing it. I feel very secure when I have my stop in. I’ve had trades that went so fast there was no time for a stop before I got out but when the stop is in place its ok and I can then decide where to get out mentally. When it reached 34 pips I saw it was approaching the support level and the hesitation started again between 32 and 34 pips. When it reached 34 pips and hesitated I said to Leigh I’m getting out and he followed suit. We closed VT immediately and didn’t keep looking in case we were tempted to get in again. I find when I’ve reached my target I’m quite happy to walk away.
Right now I’m concentrating on pips and not $’s I see the sum in my account as pips and that’s helping me to keep the money side away. With my recent losses I’ve got so nervous to loose even more than I’ve not taken the plunge when it looks good but this afternoon with cable I said to Leigh ‘sod it I’m going in’ and I’m glad I did. It feels good to be able to write and tell you I made a few wins.
Working on my own is also better. I have two computers running and I can watch and work. I have set alerts a few pips before my entry point so I can decide what to do. The cable was in an interesting position today. Not only was it in a horizontal channel but there was also a diagonal channel within it. I had trend lines for both and I said to Leigh when it pushes beyond the diagonal trend line it’s a buy and wasn’t it just. We just stood there and gaped. Had I been alone I’d have entered the trade and traded the 5m candle on its own. I really need to separate myself from everything around me.
I want to learn more about the various triangles. I use trend as well as support and resistance lines but know too little about triangles although I do draw them in I need to work out when the breakouts occur. I find at time when there is a strong buy or sell that the support lines give false signals and they cause me to hesitate about going in.
Today I started on the Deal Book 360 tutorial and spoke to GFT a few times. They have assigned Yamile Moss to me and she’s been amazing. I have inconsistencies between my desktop and laptop and the platform doesn’t like two instances running at the same time. VT doesn’t mind if you run your account on more than one machine but I need to work a way round the Deal Book and see if it’s possible. Anyway they showed me how to put the bid and ask lines in and I was even able to help them with a problem they couldn’t work out. So now I’m setting up my charts and trying to get used to the layout. VT has spoilt me but I think I’ll love this too. The few demo trades I’ve done have been super. I will follow all their videos.
Re our conversation and the Dealbook and difficult for beginners. If you teach them DealBook from the getgo they wont know any different and will learn to read the charts from Deal Book. Its only us who’ve been spoilt with VT that know different so don’t be deterred by that. I will help in all ways I can being a newbie myself and I like to keep my workplace clean and simple. Once I get the hang of exporting setups I’ll email them through to you.
I think putting a blog on your site is a brilliant idea. I’ve feel I’ve disappointed you in not reaching my target as I had envisaged. I am still determined to give up my day job and today was a quiet day and I was able to concentrate on the charts and get zoned in. However I think a fall after a good run should be shown to folk that its not all roses and you will have times when things just don’t go right.
Great chatting to you. Hope you win tonight at ten pin bowling
Cheers. I’m off for a walk
Desiree
1st December
Orders
Ok today wasn’t a good day to put in orders or breakouts. I got both wrong.
I had drawn support lines and set my order to kick in below the support line. I had set my order possibly too low and when it kicked in I got 3 pips and then it went straight back up again and I stopped out at 14. I didn’t want to loose more but at the time I felt if I had possibly had my stop too close when I did it. The trend was very much down and the parabolics looked good to me to get in. I got in when the one separated but obviously my order should have been higher up and not where I had set it. I think I’m giving it too much distance and loosing out on the good stuff before that.
Looking back now with the trend going UP now I’ve decided to call it a day. Enough losses for one day but I’m happy that I was able to control them and not give them more room to mess me about
Talk tomorrow. I shouldn’t trade on Mondays. They always cock up for me
Cheers - Desiree
Ok today wasn’t a good day to put in orders or breakouts. I got both wrong.
I had drawn support lines and set my order to kick in below the support line. I had set my order possibly too low and when it kicked in I got 3 pips and then it went straight back up again and I stopped out at 14. I didn’t want to loose more but at the time I felt if I had possibly had my stop too close when I did it. The trend was very much down and the parabolics looked good to me to get in. I got in when the one separated but obviously my order should have been higher up and not where I had set it. I think I’m giving it too much distance and loosing out on the good stuff before that.
Looking back now with the trend going UP now I’ve decided to call it a day. Enough losses for one day but I’m happy that I was able to control them and not give them more room to mess me about
Talk tomorrow. I shouldn’t trade on Mondays. They always cock up for me
Cheers - Desiree
1st December
Hi John
Thanks for today’s chat. I will work on breakouts this week. After I spoke to you I had my trend-lines in place on the triangle and where I estimated the break out to be I waited a few pips and then set my order. You can see the arrow. It started well and showed to become a sell and then turned and spiked me out at 17 pips. Looking at it now I can see that it hadn’t completed the triangle and I was wrong to put my order in where I had. I had my stop set at 8 but I could see that wasn’t a good idea. So I moved my stop to the top of the previous candle which would allow for movement and unfortunately it went the other way. I then left it and went for a nap and when I came back saw that my breakout was indeed false and it turned into a buy instead and after a while did indeed drop down into a sell. When I got back it was too late to enter the trade however I could not have set my stop that far ahead to account for movement as it clearly wasn’t ready for the breakout down that I anticipated.
I also had an order set at 1.2623 but I cancelled that as I thought the trend was up. Looking at it now I should have rather used parallel lines for a channel and instead of the triangle and I would have been more accurate. I’m also glad I cancelled that order as the trend is showing a buy again.
I want to concentrate also on limiting my losses. Was I right in giving it more room to 17 pips instead of the automatic 8? It turned at the spike and then went up but the candle looked so good and strong that I made the decision to increase my stop because of that. Had the candle been weak I’d have got out immediately and taken a smaller loss of 7 pips.
I am now going to watch and wait for 130pm and see if another opportunity arises.
Ok that’s me for now. If I have a good trade I’ll get back in touch. I like the idea of setting orders and waiting for confirmation with alerts than watching the charts. Right now I don’t know what to expect and where to put orders.
Chat again later. Have a good one. Its bitterly cold here
Desiree
Thanks for today’s chat. I will work on breakouts this week. After I spoke to you I had my trend-lines in place on the triangle and where I estimated the break out to be I waited a few pips and then set my order. You can see the arrow. It started well and showed to become a sell and then turned and spiked me out at 17 pips. Looking at it now I can see that it hadn’t completed the triangle and I was wrong to put my order in where I had. I had my stop set at 8 but I could see that wasn’t a good idea. So I moved my stop to the top of the previous candle which would allow for movement and unfortunately it went the other way. I then left it and went for a nap and when I came back saw that my breakout was indeed false and it turned into a buy instead and after a while did indeed drop down into a sell. When I got back it was too late to enter the trade however I could not have set my stop that far ahead to account for movement as it clearly wasn’t ready for the breakout down that I anticipated.
I also had an order set at 1.2623 but I cancelled that as I thought the trend was up. Looking at it now I should have rather used parallel lines for a channel and instead of the triangle and I would have been more accurate. I’m also glad I cancelled that order as the trend is showing a buy again.
I want to concentrate also on limiting my losses. Was I right in giving it more room to 17 pips instead of the automatic 8? It turned at the spike and then went up but the candle looked so good and strong that I made the decision to increase my stop because of that. Had the candle been weak I’d have got out immediately and taken a smaller loss of 7 pips.
I am now going to watch and wait for 130pm and see if another opportunity arises.
Ok that’s me for now. If I have a good trade I’ll get back in touch. I like the idea of setting orders and waiting for confirmation with alerts than watching the charts. Right now I don’t know what to expect and where to put orders.
Chat again later. Have a good one. Its bitterly cold here
Desiree
28th November
Hi John
I did record trading today – 1 pip. I would have had 8 but the euro is so volatile today that VT wouldn’t let me out the trade three times. I got three re-quotes one after the other and then thought sod it I’m not playing this game right now. Leigh had the same problem but he managed to get 16 pips. We woke up as the euro had plummeted and were not sure if it was going to drop further so we waited for a retracement and then when it went down again got in.
I was about to hit sell when the phone rang and GFT called about my account. From what I could make out on their website you have to trade £10 per pip and I wasn’t having any of that just yet. Then I called them and they came back and said I am allowed to trade £1 per pip and on a £1700 account the max I can trade is £7 per pip. So with that in mind I may go ahead and open an account. First I have to see if Worldspreads have paid me back. They said they have but my bank statement doesn’t show it so I need to check this out online.
I may be flying back to the States next week till Christmas as I need work done to my teeth. I do like being here in the UK with three markets open when I’m wide awake and not falling out of bed to drag myself to the computer to trade.
We are off to town for a bit. Will be back around 5ish if you would like to chat. I have nothing to put in the TA for this week. It’s been a rocky week with platforms and losses. A week I’d like to put behind me and start again. This weekend we’ll go over your first course again for a refresher. We both need it.
Hoping to see my investor friend today if possible. He wrote back and said I’m doing fine and he’d let me know if I have a worry. Watch this space Mr Bartlett.
See ya
Desiree
I did record trading today – 1 pip. I would have had 8 but the euro is so volatile today that VT wouldn’t let me out the trade three times. I got three re-quotes one after the other and then thought sod it I’m not playing this game right now. Leigh had the same problem but he managed to get 16 pips. We woke up as the euro had plummeted and were not sure if it was going to drop further so we waited for a retracement and then when it went down again got in.
I was about to hit sell when the phone rang and GFT called about my account. From what I could make out on their website you have to trade £10 per pip and I wasn’t having any of that just yet. Then I called them and they came back and said I am allowed to trade £1 per pip and on a £1700 account the max I can trade is £7 per pip. So with that in mind I may go ahead and open an account. First I have to see if Worldspreads have paid me back. They said they have but my bank statement doesn’t show it so I need to check this out online.
I may be flying back to the States next week till Christmas as I need work done to my teeth. I do like being here in the UK with three markets open when I’m wide awake and not falling out of bed to drag myself to the computer to trade.
We are off to town for a bit. Will be back around 5ish if you would like to chat. I have nothing to put in the TA for this week. It’s been a rocky week with platforms and losses. A week I’d like to put behind me and start again. This weekend we’ll go over your first course again for a refresher. We both need it.
Hoping to see my investor friend today if possible. He wrote back and said I’m doing fine and he’d let me know if I have a worry. Watch this space Mr Bartlett.
See ya
Desiree
27th November
Hello John
Leigh has just come back from Bombay and is sleeping and I’m sitting here watching the euro. I’ve gone into a couple of trades and made 4 and lost 5. I went in on the second trade too late.
Today I am going to work by myself. Although I enjoy working with Darren I feel that I am lead into trades through his decisions and not my own. He’s a good trader and I tend to listen to him and we’ve traded as a team. By doing this I’ve lost my confidence and there have been times when he’s entered trades I’ve stayed out of and he’s made a loss and I just sat and watched and its been vice versa although more me staying out of trades.
I would say to him this is a trade to get in at such and such a point and he’d question me and then wham it takes off and neither of us have entered it. It’s happened time and again. My hesitation kept me out. This happens the other way as well and I stop him entering trades because of my hesitation.
After a lot of thought I’ve decided I need to start trading on my own again and regain what I’ve learned and let the charts talk for me. I find I get into the zone better, see when to keep out of trades and when to get in. My frame of mind is clearer as I’m depending on my own knowledge and for a while I want to do it this way. I did fine on my own before I met him and still did ok when we worked together but by and large I have to be honest and say I do better on my own.
I will still chat to him and discuss trades but I’m finding to be successful I have to be a one man show. He’s not to blame. It’s me. It’s so easy to let someone better than you lead you. You don’t learn like that. When watching you trade, I could have entered the trades as well but I’d have followed you blind and not looked at the facts.
That’s why I watch you and listen and learn. After we end our conversation I think to myself that you are probably saying silly woman here’s a perfect opportunity for her to get into trades yet she watches me. The same with the webinars. I’m done with them. The last one was a disaster and we got out even. Iain went into the trade with us and he said ‘Mom there are no indications that say you must buy here. The opposite, you should be selling. ‘. Iain was right and it made perfect sense. When it got to 0 we heaved a huge sigh of relief. The following day we heard that they lost 35 pips.
Darren is so good and so kind and my nature lets him lead and I follow and by doing that I loose my knowledge. This is not good. So for now I’m fully back to basics to test what I have learned and not be influenced by when to enter and exit trades. Last night I made 5 pips on the DAX while on my own. I felt comfortable. I discussed this with Darren later on and he said he’s tried to get in then but he kept being re-quoted. I think his internet connection in Budapest isn’t great as I never had a single re-quote yesterday. I didn’t close my CMC account and messed about with it and as it allows me to bid smaller amounts I am able to set my stop and trail it. It’s complicated but until I’m ready to trade £10 a pip I will stay with this and VT. VT is my favourite and I may end up keeping one account only. The indices are great and I’ll get there as my knowledge of trading gets stronger again.
I set up the charts on GFT and went into a few demo trades. It is a pleasure trailing your stop. What I wasn’t able to find is the spread band line. I went to support and they were very helpful. They told me my demo account is for a limited time only and once I open my main account I will have access to a demo account as well.
Please bear with me and don’t get frustrated that I’m whimping out. On the contrary I am more determined than ever to get this going but right now I feel as if I’m building a house on beach sand and the sea is eroding the foundation. I will get back on track again but there has been a dip in my confidence and trading and I need to get that back again. I am also going over your first course again. I know I can do it. I’ve proved it to myself and I need a bit of time to get back into the groove.
I managed to find the spread-betting section on GTF and I see I have to open an account with £1700 and also trade at £10 a pip. Ouch. I’m not there yet so for now I will stick with VT. See how you get on with the platform and take it from there. Leigh told me as a non resident in the USA I only pay a very small percentage on a pathetic interest anyway so that’s not an issue. Not at the level I’m trading now. In a few months time I intend adding quite a lot more money into the account so I can bid higher.
Today being Thanksgiving it will be interesting to see what the markets do. They euro is sluggish and in a channel. One thing I’ve learned is when to stay out and the channel is too narrow to make any proper moves. What I’ve done is reduce the charts to a more realistic look. The 1m tends to have long candles and what I’ve done is reduce it so that the spread line is the same thickness as on the 5m chart. That tells a different story. Too often I’ve entered trades when the candles were unrealistically long, looking as if they span 20 pips yet in reality only 5. I use the 1m to get into the trade and then the 5 to stay in. I have to get my entries and exits sorted again. I hesitate too much.
Fear of loosing and when entering the trade that it goes 10 against me before it turns shows I’m entering at the wrong time. Now that I stick to the money management and bid smaller and with realistic stops I feel better and I will increase my stake as my bank increases. A serious case of back to basics. Every trade I entered today I was able to control and twice got out at 0.
It’s warmed up here a bit and the snow has melted. I need to pack now and get ready to head out after lunch to the airport for our flight to EDI. Thank goodness the flight is not that full so we’ll get first class seats. The flight is very short 6 hours and you cant get much sleep but the food is worth staying up for.
We really want you to come to the States and visit. I will get the website going and I want Tanya my daughter to design a cover for the cd for the American market so it’s got a different look to the UK one.
Have a good one
Regards
Desiree
Leigh has just come back from Bombay and is sleeping and I’m sitting here watching the euro. I’ve gone into a couple of trades and made 4 and lost 5. I went in on the second trade too late.
Today I am going to work by myself. Although I enjoy working with Darren I feel that I am lead into trades through his decisions and not my own. He’s a good trader and I tend to listen to him and we’ve traded as a team. By doing this I’ve lost my confidence and there have been times when he’s entered trades I’ve stayed out of and he’s made a loss and I just sat and watched and its been vice versa although more me staying out of trades.
I would say to him this is a trade to get in at such and such a point and he’d question me and then wham it takes off and neither of us have entered it. It’s happened time and again. My hesitation kept me out. This happens the other way as well and I stop him entering trades because of my hesitation.
After a lot of thought I’ve decided I need to start trading on my own again and regain what I’ve learned and let the charts talk for me. I find I get into the zone better, see when to keep out of trades and when to get in. My frame of mind is clearer as I’m depending on my own knowledge and for a while I want to do it this way. I did fine on my own before I met him and still did ok when we worked together but by and large I have to be honest and say I do better on my own.
I will still chat to him and discuss trades but I’m finding to be successful I have to be a one man show. He’s not to blame. It’s me. It’s so easy to let someone better than you lead you. You don’t learn like that. When watching you trade, I could have entered the trades as well but I’d have followed you blind and not looked at the facts.
That’s why I watch you and listen and learn. After we end our conversation I think to myself that you are probably saying silly woman here’s a perfect opportunity for her to get into trades yet she watches me. The same with the webinars. I’m done with them. The last one was a disaster and we got out even. Iain went into the trade with us and he said ‘Mom there are no indications that say you must buy here. The opposite, you should be selling. ‘. Iain was right and it made perfect sense. When it got to 0 we heaved a huge sigh of relief. The following day we heard that they lost 35 pips.
Darren is so good and so kind and my nature lets him lead and I follow and by doing that I loose my knowledge. This is not good. So for now I’m fully back to basics to test what I have learned and not be influenced by when to enter and exit trades. Last night I made 5 pips on the DAX while on my own. I felt comfortable. I discussed this with Darren later on and he said he’s tried to get in then but he kept being re-quoted. I think his internet connection in Budapest isn’t great as I never had a single re-quote yesterday. I didn’t close my CMC account and messed about with it and as it allows me to bid smaller amounts I am able to set my stop and trail it. It’s complicated but until I’m ready to trade £10 a pip I will stay with this and VT. VT is my favourite and I may end up keeping one account only. The indices are great and I’ll get there as my knowledge of trading gets stronger again.
I set up the charts on GFT and went into a few demo trades. It is a pleasure trailing your stop. What I wasn’t able to find is the spread band line. I went to support and they were very helpful. They told me my demo account is for a limited time only and once I open my main account I will have access to a demo account as well.
Please bear with me and don’t get frustrated that I’m whimping out. On the contrary I am more determined than ever to get this going but right now I feel as if I’m building a house on beach sand and the sea is eroding the foundation. I will get back on track again but there has been a dip in my confidence and trading and I need to get that back again. I am also going over your first course again. I know I can do it. I’ve proved it to myself and I need a bit of time to get back into the groove.
I managed to find the spread-betting section on GTF and I see I have to open an account with £1700 and also trade at £10 a pip. Ouch. I’m not there yet so for now I will stick with VT. See how you get on with the platform and take it from there. Leigh told me as a non resident in the USA I only pay a very small percentage on a pathetic interest anyway so that’s not an issue. Not at the level I’m trading now. In a few months time I intend adding quite a lot more money into the account so I can bid higher.
Today being Thanksgiving it will be interesting to see what the markets do. They euro is sluggish and in a channel. One thing I’ve learned is when to stay out and the channel is too narrow to make any proper moves. What I’ve done is reduce the charts to a more realistic look. The 1m tends to have long candles and what I’ve done is reduce it so that the spread line is the same thickness as on the 5m chart. That tells a different story. Too often I’ve entered trades when the candles were unrealistically long, looking as if they span 20 pips yet in reality only 5. I use the 1m to get into the trade and then the 5 to stay in. I have to get my entries and exits sorted again. I hesitate too much.
Fear of loosing and when entering the trade that it goes 10 against me before it turns shows I’m entering at the wrong time. Now that I stick to the money management and bid smaller and with realistic stops I feel better and I will increase my stake as my bank increases. A serious case of back to basics. Every trade I entered today I was able to control and twice got out at 0.
It’s warmed up here a bit and the snow has melted. I need to pack now and get ready to head out after lunch to the airport for our flight to EDI. Thank goodness the flight is not that full so we’ll get first class seats. The flight is very short 6 hours and you cant get much sleep but the food is worth staying up for.
We really want you to come to the States and visit. I will get the website going and I want Tanya my daughter to design a cover for the cd for the American market so it’s got a different look to the UK one.
Have a good one
Regards
Desiree
26th November
Hello John
Thank you for sending me the link to GFT. I am about to look into the tutorials and get acquainted with it. I closed my CMC account completely. I told them I didn’t like their platform and I made some messy trades. I did manage to pick up 4 more pips today. Whoopee doo but I’m happy to be out. The Euro seems to have taken the day off as well.
As soon as I have the new platform installed I’ll get back to you. Trading on the chart is the way to go. It takes the nerve wracking search for stops and such away. Today when I traded I wasn’t able to see what profit I was in. nah that’s not for me
Chat tomorrow. I’m off to the post office to pick up Leigh’s Christmas present. I got him a Leatherman Wave with all the bits. He’s always doing things around the house and he’d never splurge on something like this for himself so I’ll do it instead.
Have a good evening.
All the best as always
Desiree
Thank you for sending me the link to GFT. I am about to look into the tutorials and get acquainted with it. I closed my CMC account completely. I told them I didn’t like their platform and I made some messy trades. I did manage to pick up 4 more pips today. Whoopee doo but I’m happy to be out. The Euro seems to have taken the day off as well.
As soon as I have the new platform installed I’ll get back to you. Trading on the chart is the way to go. It takes the nerve wracking search for stops and such away. Today when I traded I wasn’t able to see what profit I was in. nah that’s not for me
Chat tomorrow. I’m off to the post office to pick up Leigh’s Christmas present. I got him a Leatherman Wave with all the bits. He’s always doing things around the house and he’d never splurge on something like this for himself so I’ll do it instead.
Have a good evening.
All the best as always
Desiree
25th November
Hi John
Thank you so much for your call today. I felt a whole lot better after our chat. Please do not feel bad about anything. It was all my fault and I should know better with the money management you taught me. You were right in thinking I had a bigger account as I did when I was with Worldspreads but I hadn’t told you that I wasn’t able to increase my VT account until I got home so for now I’m on $500.
I will go over the basic Forex course again and get that embedded on my mind. I will put the scalping away for the time being till I am comfortable trying to scalp again. The course is tremendous but it affected my trading. I doubt this will happen to others but I think in my case I did both courses too close together. They are two different entities and being so new to the trade I am mixing them up and making a right hash of things. If I was more comfortable trading the transition to scalping would have been a breeze but my trading skills are still too erratic and that’s why I need to go back to basics. I don’t mind. I do like the idea of entering a trade and letting it work for me. Had VT not done what it did I’d have made over 60 pips on the rally but I console myself there are always more opportunities and that’s a great feeling that you never miss the bus.
I went in on the Dow and made 59 pips. I trailed my stops and at one point I was 88 pips in profit. Then just after I moved my stop to the allowed limit the Dow turned and shot up and I stopped out at 59 pips. After we chatted I saw Darren was online and he showed me how to trail the stop. It is very complicated especially if you don’t intend being in the trade for long. I had so many windows open I was in a knot. Also every time you want to trail your stop you have to cancel the one previous one and open a new one. I did this 4 times. I can see why folk don’t put in stops on CMC and try to stop mentally. It took me several minutes to see what I was making. At one point I had 5 windows open!
After that I watched the charts and went back to VT. Then I went into a buy on the euro. It shot up to 16 pips profit before I could put my stop in. When I wanted to add a stop it wouldn’t allow me and the platform froze on me. So I had to shut it down and open it again. I reopened the VT and decided to take my 16 pips which had in the meantime gone down as far as -4 and then up to 16 again. It would not let me out the trade. It hung up on me again. By the time I got out I was 3 pips in profit. I went into two further trades after rebooting the computer a second time and with both trades I was more than double in profit yet when I wanted to get out it froze and I lost half my pips (16 pips both times). So on the euro today I made 18 pips and the Dow 59. I am happy with my gains and feel scared to trade more today because of the unreliability of VT today. Every time I tried to view my report on VT I got a fatal error. To me this is a sign to call it a day.
So now I’m working on my day job and will watch the charts. As soon as I’m back in the UK I want to put more money into the account because trading with such small amounts is painful but at least its allowing me to build up again albeit slowly.
Leigh will be in Bombay around noon my time. I have a dentist appointment at 1 so I am now going to sit back and let things run. The Dow and the Dax both look sideways to me right now and I’m happy to stay out. It was amazing how fast the Dow shot up 100 points. The 5 minute chart looked like a 1m chart.
Have a good day and chat to you later on again. Thank you for everything. I owe you so much because you have changed my life. I have gone from being frustrated and heading towards burnout in my day job to being revitalised and so full of energy and to think that with all my messes and platform issues I’m not giving up and I’ve learned a lot about myself. I don’t give up when I know I’m onto something good. I still dream of trades and charts and never once think of failure or losses. Even after a bad day I will go over entry and exit points in my head and imagine winning trades. One book on psychology I read said you have to think this way if you want to be a trader. It comes naturally to me to think positively. My parents brought us up to always see the half full cup.
Cheers - Desiree
Thank you so much for your call today. I felt a whole lot better after our chat. Please do not feel bad about anything. It was all my fault and I should know better with the money management you taught me. You were right in thinking I had a bigger account as I did when I was with Worldspreads but I hadn’t told you that I wasn’t able to increase my VT account until I got home so for now I’m on $500.
I will go over the basic Forex course again and get that embedded on my mind. I will put the scalping away for the time being till I am comfortable trying to scalp again. The course is tremendous but it affected my trading. I doubt this will happen to others but I think in my case I did both courses too close together. They are two different entities and being so new to the trade I am mixing them up and making a right hash of things. If I was more comfortable trading the transition to scalping would have been a breeze but my trading skills are still too erratic and that’s why I need to go back to basics. I don’t mind. I do like the idea of entering a trade and letting it work for me. Had VT not done what it did I’d have made over 60 pips on the rally but I console myself there are always more opportunities and that’s a great feeling that you never miss the bus.
I went in on the Dow and made 59 pips. I trailed my stops and at one point I was 88 pips in profit. Then just after I moved my stop to the allowed limit the Dow turned and shot up and I stopped out at 59 pips. After we chatted I saw Darren was online and he showed me how to trail the stop. It is very complicated especially if you don’t intend being in the trade for long. I had so many windows open I was in a knot. Also every time you want to trail your stop you have to cancel the one previous one and open a new one. I did this 4 times. I can see why folk don’t put in stops on CMC and try to stop mentally. It took me several minutes to see what I was making. At one point I had 5 windows open!
After that I watched the charts and went back to VT. Then I went into a buy on the euro. It shot up to 16 pips profit before I could put my stop in. When I wanted to add a stop it wouldn’t allow me and the platform froze on me. So I had to shut it down and open it again. I reopened the VT and decided to take my 16 pips which had in the meantime gone down as far as -4 and then up to 16 again. It would not let me out the trade. It hung up on me again. By the time I got out I was 3 pips in profit. I went into two further trades after rebooting the computer a second time and with both trades I was more than double in profit yet when I wanted to get out it froze and I lost half my pips (16 pips both times). So on the euro today I made 18 pips and the Dow 59. I am happy with my gains and feel scared to trade more today because of the unreliability of VT today. Every time I tried to view my report on VT I got a fatal error. To me this is a sign to call it a day.
So now I’m working on my day job and will watch the charts. As soon as I’m back in the UK I want to put more money into the account because trading with such small amounts is painful but at least its allowing me to build up again albeit slowly.
Leigh will be in Bombay around noon my time. I have a dentist appointment at 1 so I am now going to sit back and let things run. The Dow and the Dax both look sideways to me right now and I’m happy to stay out. It was amazing how fast the Dow shot up 100 points. The 5 minute chart looked like a 1m chart.
Have a good day and chat to you later on again. Thank you for everything. I owe you so much because you have changed my life. I have gone from being frustrated and heading towards burnout in my day job to being revitalised and so full of energy and to think that with all my messes and platform issues I’m not giving up and I’ve learned a lot about myself. I don’t give up when I know I’m onto something good. I still dream of trades and charts and never once think of failure or losses. Even after a bad day I will go over entry and exit points in my head and imagine winning trades. One book on psychology I read said you have to think this way if you want to be a trader. It comes naturally to me to think positively. My parents brought us up to always see the half full cup.
Cheers - Desiree
24th November
Hi John
I should never trade on a Monday. But I did and started the day off ok with 4 pips. I set my one click to $5 and when I went into the first disastrous trade I knew realistically I wasn’t able to set the proper stop for $5 that I should be able to weather comfortably on a lower amount. So I lost half my money by getting out when I would usually have stayed in and weathered it and ended up in profit as it turned back in my direction. The trend is up today but the spikes against me were too big for a comfortable $5 trade. So I lost royally and I have put more money into my account to compensate. I’m 100% to blame for today’s fiasco.
Tomorrow I will go back to basics and start again. I have put the 1m chart away completely and not use it as an entry signal as I did today. I will regain my confidence levels and bid very low and make my regular pips and feel ok setting bigger stops especially when I know the trend is in the right direction. I got into a panic with my second trade and ended up putting a 1 = $10 the manual way and that cancelled my other trade and put me into a trade going the wrong way. That was a double whammy but I was in a panic and got out instead of letting it regain and come back again.
I feel pressured and I now know I am not ready for $8 a pip. I have to carry on for a while with a smaller amount to get my trading back on track. I’m not jumping ship; I am going back to the basics of money management. As my income grows so my pip size will increase. Once I have made consistent wins again I will increase it but for now I’m making one cock up after another. Taking a step back I can see that I’m not coping with the pressure I’m under and so I’ll have to go back and take smaller steps and it’s going to take me a while to regain my losses. But that’s past and tomorrow is a brand new trade. That is something I’ve learned.
This will take time and I have to take a deep breath and start again. Am I despondent? Yes a bit but I’m not put off and as in snakes and ladders, I hit a snake and went down to the bottom only to have to start again. I’ll get there. I also have to look at the bigger picture and gain some perspective. I will do it. It’s easy to make pips, as easy to loose them and as easy having to start again. If trading was that simple we’d all be traders.
I am annoyed with myself for going against my principles and what I’ve learned from money management by bidding higher than I have in my bank to put bigger stops on and not panic if it goes against me.
My goal is to resign end of the year and trade full time. Maybe I’m not good enough to go full time. Thank goodness I have any private clients that boost my income. The main job is going to decrease substantially as from January from a full time position to only 8 days a month. They will offer me a new contract but unless it’s financially beneficial to me I won’t take it on. This will give me more time to study the charts and get in at the right time and not jump on after the train has left the station. So many times I miss opportunities because I’m working and what I should be doing is either work and pack the charts away or pack my work away and concentrate on the charts. Doing both together doesn’t work.
Mostly I feel I’ve let you down, I feel I’ve let everyone down and that the book is being delayed but I guess this is one more chapter in the rise of a newbie trader, warts and all.
Leigh is off to Bombay tonight USA time and gets back 8am on Thursday. Our plan is to fly to EDI Thursday night. I’ll then be home till after Christmas and return here for a week or two. Iain flies to Oregon tonight so I’m home alone with my trading for a few days. I’ve packed VT away for today and won’t look again till tomorrow.
Chat to you tomorrow, have a good evening and hopefully when I speak to you in the morning I’ll have gained some pips. As I’m alone I will get up earlier and settle in studying VT before my day begins
Cheers - Desiree
I should never trade on a Monday. But I did and started the day off ok with 4 pips. I set my one click to $5 and when I went into the first disastrous trade I knew realistically I wasn’t able to set the proper stop for $5 that I should be able to weather comfortably on a lower amount. So I lost half my money by getting out when I would usually have stayed in and weathered it and ended up in profit as it turned back in my direction. The trend is up today but the spikes against me were too big for a comfortable $5 trade. So I lost royally and I have put more money into my account to compensate. I’m 100% to blame for today’s fiasco.
Tomorrow I will go back to basics and start again. I have put the 1m chart away completely and not use it as an entry signal as I did today. I will regain my confidence levels and bid very low and make my regular pips and feel ok setting bigger stops especially when I know the trend is in the right direction. I got into a panic with my second trade and ended up putting a 1 = $10 the manual way and that cancelled my other trade and put me into a trade going the wrong way. That was a double whammy but I was in a panic and got out instead of letting it regain and come back again.
I feel pressured and I now know I am not ready for $8 a pip. I have to carry on for a while with a smaller amount to get my trading back on track. I’m not jumping ship; I am going back to the basics of money management. As my income grows so my pip size will increase. Once I have made consistent wins again I will increase it but for now I’m making one cock up after another. Taking a step back I can see that I’m not coping with the pressure I’m under and so I’ll have to go back and take smaller steps and it’s going to take me a while to regain my losses. But that’s past and tomorrow is a brand new trade. That is something I’ve learned.
This will take time and I have to take a deep breath and start again. Am I despondent? Yes a bit but I’m not put off and as in snakes and ladders, I hit a snake and went down to the bottom only to have to start again. I’ll get there. I also have to look at the bigger picture and gain some perspective. I will do it. It’s easy to make pips, as easy to loose them and as easy having to start again. If trading was that simple we’d all be traders.
I am annoyed with myself for going against my principles and what I’ve learned from money management by bidding higher than I have in my bank to put bigger stops on and not panic if it goes against me.
My goal is to resign end of the year and trade full time. Maybe I’m not good enough to go full time. Thank goodness I have any private clients that boost my income. The main job is going to decrease substantially as from January from a full time position to only 8 days a month. They will offer me a new contract but unless it’s financially beneficial to me I won’t take it on. This will give me more time to study the charts and get in at the right time and not jump on after the train has left the station. So many times I miss opportunities because I’m working and what I should be doing is either work and pack the charts away or pack my work away and concentrate on the charts. Doing both together doesn’t work.
Mostly I feel I’ve let you down, I feel I’ve let everyone down and that the book is being delayed but I guess this is one more chapter in the rise of a newbie trader, warts and all.
Leigh is off to Bombay tonight USA time and gets back 8am on Thursday. Our plan is to fly to EDI Thursday night. I’ll then be home till after Christmas and return here for a week or two. Iain flies to Oregon tonight so I’m home alone with my trading for a few days. I’ve packed VT away for today and won’t look again till tomorrow.
Chat to you tomorrow, have a good evening and hopefully when I speak to you in the morning I’ll have gained some pips. As I’m alone I will get up earlier and settle in studying VT before my day begins
Cheers - Desiree
21st November
Hi John
This week’s trading for me was a mess. Most frustrating was that I didn’t have the proper time to devote to it. My day job got in the way and I missed good opportunities. Then coming to grips with the VT cost me valuable pips so all in all I’m not happy with this weeks results. Today I got stopped out at 8 pips and that didn’t bother me as it showed the VT stops are a lot closer than they are on the demo platform. You could say this week was another learning curve for me. I also found out you can get into a one click trade on VT and then get out manually. However you do get a re-quote using the manual way as well if there is volatility.
I closed the Worldspreads account and opened the CMC Markets account. I will do the CMC tutorials this weekend and familiarise myself with stops and limits. Darren did show me but I got it horrible wrong. I’m glad I didn’t get into any trades while you traded as I’d not have been able to set any stops.
The week ended on a very special note for me. Probably the highlight since I’ve started trading. Trading with you was a revelation and I am so grateful for the opportunity. Watching you enter on the second candle and being shown when it moves away from the Bollinger band and when to get in. I shared your lesson with Darren and he followed what you did and made £300 profit after our discussion. I was very happy for him as it put a very positive end to his week. When I spoke to him a few moments ago he was so excited. I felt as if I’d won as well because he put this new knowledge to the test and the results were all positive. When I spoke to him at 1am this morning he was so down after his losses.
There is nothing like watching a pro at work. I have been following the course religiously but actually watching you trade is worth the course many times over. You could charge people to watch you trade. I’m wondering when you redo the beginners’ course if you could put in actual trades to demonstrate what you are teaching. You have them on the scalping course but to see you in action is the best teacher. Ever thought of doing what you did for me this afternoon and charging people for the privilege? I think you’ll have many interested parties. It just brings you back on track if you get side tracked and forget the basics.
I spent the afternoon before my dental visit watching the Dow and Dax with Darren and it’s so different to the currencies. I will enjoy trading these new markets as well. I love the opportunity to do something else if currencies are flat. The euro didn’t do much for me today except stop me out. When I watched you do the Dow it showed me there is more out there.
Darren paid me the biggest complement. He said I have such discipline with my trading. I call it fear J . You know what I’m looking forward to? Looking back a few months down the road to see how far I’ve come.
Last night MTI had another live trading session. What a crock o’ shit. They did the cable and set stops 35 pips away and the limit 35 pips. Well it was clear that the cable was on the way up and they put in a sell. Only for a few seconds were they in profit and then it turned into a buy. They tell you in their presentation that their course is $5995 and is going up in the New Year. They also said they give these live trading sessions to help people recoup some of the package price back. Well good luck to them. I have done two of their live trading sessions this week and both were as disaster. If I’d gone to bed and left the trades to run their course I’d have no money to speak of today. I also note that they now speak of trading as a ‘secondary’ income.
They’ve changed their tune. I bet someone got onto their case. I will not be suckered into their so called deals. The funny thing is that when you’ve attended 3 of their trading sessions you are denied access to any more. I can see why. 1 out of three wins doesn’t give for very understanding clients. I had to laugh, they asked people to raise their hands who were interested in the packages. I bet after last nights trade many of those hands were lowered.
And you know despite this week’s poor performance with my losses and learning to use a new platform again plus all the changes that go with it, I am FIRED up for next week. I am not despondent. Listening to Darren and watching you makes me itch to get in there boots and all and trade. I wish I’d traded with you today but I am also very glad I didn’t as I was able to give you 100% attention to what you were doing and not panic if I lost money. Thank you SO much.
Next week I will set the night traps on VT. I now know how they work and will set them 20 pips either side. Looking back over the past weeks this is definitely a good entry point.
Have a great weekend and I look forward to trying your fish and chips. I also give good haircuts so if you need one when we get to France I’ll keep most of your hair intact J
Kindest regards and thank you again. - Desiree
This week’s trading for me was a mess. Most frustrating was that I didn’t have the proper time to devote to it. My day job got in the way and I missed good opportunities. Then coming to grips with the VT cost me valuable pips so all in all I’m not happy with this weeks results. Today I got stopped out at 8 pips and that didn’t bother me as it showed the VT stops are a lot closer than they are on the demo platform. You could say this week was another learning curve for me. I also found out you can get into a one click trade on VT and then get out manually. However you do get a re-quote using the manual way as well if there is volatility.
I closed the Worldspreads account and opened the CMC Markets account. I will do the CMC tutorials this weekend and familiarise myself with stops and limits. Darren did show me but I got it horrible wrong. I’m glad I didn’t get into any trades while you traded as I’d not have been able to set any stops.
The week ended on a very special note for me. Probably the highlight since I’ve started trading. Trading with you was a revelation and I am so grateful for the opportunity. Watching you enter on the second candle and being shown when it moves away from the Bollinger band and when to get in. I shared your lesson with Darren and he followed what you did and made £300 profit after our discussion. I was very happy for him as it put a very positive end to his week. When I spoke to him a few moments ago he was so excited. I felt as if I’d won as well because he put this new knowledge to the test and the results were all positive. When I spoke to him at 1am this morning he was so down after his losses.
There is nothing like watching a pro at work. I have been following the course religiously but actually watching you trade is worth the course many times over. You could charge people to watch you trade. I’m wondering when you redo the beginners’ course if you could put in actual trades to demonstrate what you are teaching. You have them on the scalping course but to see you in action is the best teacher. Ever thought of doing what you did for me this afternoon and charging people for the privilege? I think you’ll have many interested parties. It just brings you back on track if you get side tracked and forget the basics.
I spent the afternoon before my dental visit watching the Dow and Dax with Darren and it’s so different to the currencies. I will enjoy trading these new markets as well. I love the opportunity to do something else if currencies are flat. The euro didn’t do much for me today except stop me out. When I watched you do the Dow it showed me there is more out there.
Darren paid me the biggest complement. He said I have such discipline with my trading. I call it fear J . You know what I’m looking forward to? Looking back a few months down the road to see how far I’ve come.
Last night MTI had another live trading session. What a crock o’ shit. They did the cable and set stops 35 pips away and the limit 35 pips. Well it was clear that the cable was on the way up and they put in a sell. Only for a few seconds were they in profit and then it turned into a buy. They tell you in their presentation that their course is $5995 and is going up in the New Year. They also said they give these live trading sessions to help people recoup some of the package price back. Well good luck to them. I have done two of their live trading sessions this week and both were as disaster. If I’d gone to bed and left the trades to run their course I’d have no money to speak of today. I also note that they now speak of trading as a ‘secondary’ income.
They’ve changed their tune. I bet someone got onto their case. I will not be suckered into their so called deals. The funny thing is that when you’ve attended 3 of their trading sessions you are denied access to any more. I can see why. 1 out of three wins doesn’t give for very understanding clients. I had to laugh, they asked people to raise their hands who were interested in the packages. I bet after last nights trade many of those hands were lowered.
And you know despite this week’s poor performance with my losses and learning to use a new platform again plus all the changes that go with it, I am FIRED up for next week. I am not despondent. Listening to Darren and watching you makes me itch to get in there boots and all and trade. I wish I’d traded with you today but I am also very glad I didn’t as I was able to give you 100% attention to what you were doing and not panic if I lost money. Thank you SO much.
Next week I will set the night traps on VT. I now know how they work and will set them 20 pips either side. Looking back over the past weeks this is definitely a good entry point.
Have a great weekend and I look forward to trying your fish and chips. I also give good haircuts so if you need one when we get to France I’ll keep most of your hair intact J
Kindest regards and thank you again. - Desiree
19th November
Hello John
Getting out and chopping down the jungle gym did us both good. It’s so cold out there. When we got outside there were snow flurries and strong wind. Iain thought I’d totally lost the plot wanting to work in the garden but we bundled up warmly and set to demolishing this dangerous contraption.
Despite my loss yesterday I was ok this morning. I was very cautious about trading and lowered my stake just to get back into it again. I so appreciated chatting to you. You really ground me and help me put things back in perspective. I do like the 5m chart and I’ve been studying that today.
Anyone reading this blog will think I’m a head case. One day up in the clouds and YES I can do it. The next day more reflection and slowing from a run to learning to walk again. I do appreciate my losses. They ground me. They make me realise that I’ve a long way to go and three months doesn’t make a master. I have to keep reminding myself of that. I don’t want pampering. I need to be told off when I do something pathetic that I know is wrong. I’d like to sit down and dislodge my emotions and plonk them on a shelf.
And most important of all do what the charts say not what I think they should say. I feel like the charts. My trading can be so random. Darren and Leigh both told me not to be so hard on myself but I am and expect a lot of myself. I always give over 100% to whatever I do so when it goes wrong I take it as failure. So, so wrong. I never realised just how much you learn about yourself through trading. My father judged people by the way they play golf. He never went into a business venture without taking them round a golf course and watching how they play and react to bum shots.
Today I watched an online Forex webinar and they traded the USD/Swiss. They went in at $10 a pip but I stuck to my $2 as I wasn’t convinced what they said would work. They put a 30 pip stop and then a ridiculous limit of over 200 pips. They were purposely trading against the trend and the reason they did this was because an announcement was coming out. Well I entered the same trade and watched it. When I was in profit I trailed my stop and eventually locked in 19 pips and let it run. The spread is 5 but that wasn’t an issue either. They traded on the 1 hour chart. Anyway I watched the 30 minute chart and watched carefully. I saw it reach a support level and then got skittish and took my pips. I am glad I did because it went back up and never went any lower than they had anticipated. Anyone who had set their stops and left it will be feeling sore right now.
After that I watched the euro on the 5 minute and there was a good entry but I stayed out. I didn’t want to give anything back. It also turned when I thought it would so I’d have taken my profits then. As soon as I regain my confidence I will increase my stake again. I am not as despondent as I was earlier on today and I really need that one on one with you and watch you trading. Leigh has the right idea about longer term trading and it works. He was very despondent watching me bag 5 pips and shout eureka. I love the scalping but I realise my limitations and right now I have to perfect getting pips on a longer run. I need to reach my daily target. Only then can I think of scalping.
I keep getting the two mixed up and that’s why I end up with 18 pip losses. The 1m chart can be a killer and when I go to the 5m chart it’s like meeting up with an old buddy. That’s the only reason why I did the webinar trade today. It was a longer time frame trade and it brought me back down to earth. I think Darren prefers to scalp but maybe I need to shelve that idea for now and concentrate on the basics and get that right first. I know I can do it. I’ve proven it to myself.
I explained the two trading techniques to Darren the way I see it. I am not sure if you know what a Lovebird is. It’s a tiny parakeet indigenous to Africa . You get various kinds depending on where you are. Breeders are cross breeding them for variations on colour. The mutations have a heck of a time when it comes to breeding because some of them carry nesting material in their beaks and some in their wing feathers. I have watched a mutation with straw in his beak and totally confused as to where to put it because some part of him says leave it in the beak and the other says stick it in the wing. This is how I see my scalping and regular trading methods. I get the two confused and then try to combine them and it just doesn’t work. Lessons can be expensive.
But coming back to basics helped. I have never fully understood the Bollinger bands and I need to go over your course again. I remember what you said on the scalping course about them. When you mention that it pulls away that it’s a signal to enter a trade do you mean only on the 1 minute or does it apply to the 5 minute as well? I went back and looked carefully at the bands and saw what to me looked like good entry points when it pulled away. For longer term trading you do need a larger stop as some of the candles are quite spiky and I need to take them into account as well.
I tried to put in a trap as you said. It allowed me to put in a buy but not a sell. I need to go over how this is done again. It would not let me place the order for the sell below what the current rate is now. It wanted me to put a higher one than it is. This didn’t make sense so I cancelled it.
I opened a small account with CMC today. Darren was all fired up with it and he didn’t touch currencies today.
Tonight I will do as you suggest and set a trap for 10 pips. It does go flat until around 10pm UK time and that is only 5pm here. I watched it closely last night. It was interesting to see how flat it was and then when Tokyo and Sydney were open it perked up. Being in the States and seeing what the currencies do when Sydney is open was interesting as to me it was way too flat to trade.
Well that’s me for today. I’m exhausted and want my bed. Up at 530am again tomorrow.
Chat soon. Leigh gets back from Bombay crack of dawn so he’ll get back into trading later on in the day.
Sleep well -Desiree
11/19/08
18 pips tra la la
Hi John
Thanks for the conference call. That was a good idea. Sadly you cant use cameras with it but its still good having a three way chat. As we spoke the euro took off like a rocket. I got in after our call and made 18 pips in two trades. I went in on the one click and had 20 pips profit and when I wanted to get out the trade it wouldn’t let me. It totally ignored my 1 click sell to get out. Then about 10 seconds and 12 pips lower it came up with the new price quote which I didn’t take. I got out at 9 pips profit. It looked good so I went in again but this time manually and I picked up another 9 pips. I traded $2 a pip but I’m now happy to increase it again. I went by the 5m chart. It’s now come right down again and I’m happy to be out the trade. I think this is a result of an announcement that came out at 1:30pm today.
I think I’ll give the one click a miss and trade the old manual way. It’s not as fast but the results are more reliable. This way it doesn’t keep re-quoting you and I know it works. It’s the second time now I have lost money using one click.
I’m feeling good again and regaining my confidence. I won’t be beaten by this. So for the week I’m up $114.70. There’s still tomorrow and Friday. Now for the discipline to kick in and not trade again today. I’m over my 10 pip daily target but there looks to be lots of good trading still. I don’t want to give it all back and as I’m on a high that’s what would happen and I’d be back to square one. Leigh can take over now and trade. I’m happy.
Ok that’s me for today. I need to look into the WII exercise as well. What programs did you get? Leigh has wanted to get one for us for a while now and I think it would be bags of fun. I have a Nintendo DS and I love it. I’m big into puzzles and Kakuru but the WII sounds like fun. Maybe I’ll treat us for Christmas. We can chat about this more on Skype.
Have a good one. Maybe we can go ten pin bowling in France . I love it. I absolutely suck at it but it’s still a great laugh and such fun.
Getting out and chopping down the jungle gym did us both good. It’s so cold out there. When we got outside there were snow flurries and strong wind. Iain thought I’d totally lost the plot wanting to work in the garden but we bundled up warmly and set to demolishing this dangerous contraption.
Despite my loss yesterday I was ok this morning. I was very cautious about trading and lowered my stake just to get back into it again. I so appreciated chatting to you. You really ground me and help me put things back in perspective. I do like the 5m chart and I’ve been studying that today.
Anyone reading this blog will think I’m a head case. One day up in the clouds and YES I can do it. The next day more reflection and slowing from a run to learning to walk again. I do appreciate my losses. They ground me. They make me realise that I’ve a long way to go and three months doesn’t make a master. I have to keep reminding myself of that. I don’t want pampering. I need to be told off when I do something pathetic that I know is wrong. I’d like to sit down and dislodge my emotions and plonk them on a shelf.
And most important of all do what the charts say not what I think they should say. I feel like the charts. My trading can be so random. Darren and Leigh both told me not to be so hard on myself but I am and expect a lot of myself. I always give over 100% to whatever I do so when it goes wrong I take it as failure. So, so wrong. I never realised just how much you learn about yourself through trading. My father judged people by the way they play golf. He never went into a business venture without taking them round a golf course and watching how they play and react to bum shots.
Today I watched an online Forex webinar and they traded the USD/Swiss. They went in at $10 a pip but I stuck to my $2 as I wasn’t convinced what they said would work. They put a 30 pip stop and then a ridiculous limit of over 200 pips. They were purposely trading against the trend and the reason they did this was because an announcement was coming out. Well I entered the same trade and watched it. When I was in profit I trailed my stop and eventually locked in 19 pips and let it run. The spread is 5 but that wasn’t an issue either. They traded on the 1 hour chart. Anyway I watched the 30 minute chart and watched carefully. I saw it reach a support level and then got skittish and took my pips. I am glad I did because it went back up and never went any lower than they had anticipated. Anyone who had set their stops and left it will be feeling sore right now.
After that I watched the euro on the 5 minute and there was a good entry but I stayed out. I didn’t want to give anything back. It also turned when I thought it would so I’d have taken my profits then. As soon as I regain my confidence I will increase my stake again. I am not as despondent as I was earlier on today and I really need that one on one with you and watch you trading. Leigh has the right idea about longer term trading and it works. He was very despondent watching me bag 5 pips and shout eureka. I love the scalping but I realise my limitations and right now I have to perfect getting pips on a longer run. I need to reach my daily target. Only then can I think of scalping.
I keep getting the two mixed up and that’s why I end up with 18 pip losses. The 1m chart can be a killer and when I go to the 5m chart it’s like meeting up with an old buddy. That’s the only reason why I did the webinar trade today. It was a longer time frame trade and it brought me back down to earth. I think Darren prefers to scalp but maybe I need to shelve that idea for now and concentrate on the basics and get that right first. I know I can do it. I’ve proven it to myself.
I explained the two trading techniques to Darren the way I see it. I am not sure if you know what a Lovebird is. It’s a tiny parakeet indigenous to Africa . You get various kinds depending on where you are. Breeders are cross breeding them for variations on colour. The mutations have a heck of a time when it comes to breeding because some of them carry nesting material in their beaks and some in their wing feathers. I have watched a mutation with straw in his beak and totally confused as to where to put it because some part of him says leave it in the beak and the other says stick it in the wing. This is how I see my scalping and regular trading methods. I get the two confused and then try to combine them and it just doesn’t work. Lessons can be expensive.
But coming back to basics helped. I have never fully understood the Bollinger bands and I need to go over your course again. I remember what you said on the scalping course about them. When you mention that it pulls away that it’s a signal to enter a trade do you mean only on the 1 minute or does it apply to the 5 minute as well? I went back and looked carefully at the bands and saw what to me looked like good entry points when it pulled away. For longer term trading you do need a larger stop as some of the candles are quite spiky and I need to take them into account as well.
I tried to put in a trap as you said. It allowed me to put in a buy but not a sell. I need to go over how this is done again. It would not let me place the order for the sell below what the current rate is now. It wanted me to put a higher one than it is. This didn’t make sense so I cancelled it.
I opened a small account with CMC today. Darren was all fired up with it and he didn’t touch currencies today.
Tonight I will do as you suggest and set a trap for 10 pips. It does go flat until around 10pm UK time and that is only 5pm here. I watched it closely last night. It was interesting to see how flat it was and then when Tokyo and Sydney were open it perked up. Being in the States and seeing what the currencies do when Sydney is open was interesting as to me it was way too flat to trade.
Well that’s me for today. I’m exhausted and want my bed. Up at 530am again tomorrow.
Chat soon. Leigh gets back from Bombay crack of dawn so he’ll get back into trading later on in the day.
Sleep well -Desiree
11/19/08
18 pips tra la la
Hi John
Thanks for the conference call. That was a good idea. Sadly you cant use cameras with it but its still good having a three way chat. As we spoke the euro took off like a rocket. I got in after our call and made 18 pips in two trades. I went in on the one click and had 20 pips profit and when I wanted to get out the trade it wouldn’t let me. It totally ignored my 1 click sell to get out. Then about 10 seconds and 12 pips lower it came up with the new price quote which I didn’t take. I got out at 9 pips profit. It looked good so I went in again but this time manually and I picked up another 9 pips. I traded $2 a pip but I’m now happy to increase it again. I went by the 5m chart. It’s now come right down again and I’m happy to be out the trade. I think this is a result of an announcement that came out at 1:30pm today.
I think I’ll give the one click a miss and trade the old manual way. It’s not as fast but the results are more reliable. This way it doesn’t keep re-quoting you and I know it works. It’s the second time now I have lost money using one click.
I’m feeling good again and regaining my confidence. I won’t be beaten by this. So for the week I’m up $114.70. There’s still tomorrow and Friday. Now for the discipline to kick in and not trade again today. I’m over my 10 pip daily target but there looks to be lots of good trading still. I don’t want to give it all back and as I’m on a high that’s what would happen and I’d be back to square one. Leigh can take over now and trade. I’m happy.
Ok that’s me for today. I need to look into the WII exercise as well. What programs did you get? Leigh has wanted to get one for us for a while now and I think it would be bags of fun. I have a Nintendo DS and I love it. I’m big into puzzles and Kakuru but the WII sounds like fun. Maybe I’ll treat us for Christmas. We can chat about this more on Skype.
Have a good one. Maybe we can go ten pin bowling in France . I love it. I absolutely suck at it but it’s still a great laugh and such fun.
15th November
Hi John
Sorry I didn't get this to you yesterday. Attached is my analyser for theweek. I will start a new one using the USA chart next week. I added all my trades for this week as well as the 4 done on the VT. Yesterday was quite an eye opener to me (I've never had so many in years)and I managed to get out at a loss of $44 - 22 pips. I guess if I had waited I'd have come out at a profit but wasn't going to risk any more money.
I practiced on the demo after this mishap and worked out what was wrong. Thank goodness Leigh was here to help me. I was in a panic and his calm way of telling me I was screwing up didn't produce a loving response from me. VTcouldn't do much for me (they are not quite au fait with the new platform yet) and I did submit a ticket but not sure they will do anything about it.I'm not fussed. I made three trades. A $33 and $18 in profit and 1 @ $44loss making my daily profit for the day $7. In two days I've made $187 so Iwas happy with that. Losing doesn't hurt so much anymore. It's all partof the business. View it as a bad debt.
I'm disappointed in Worldspreads and let's see if they refund me. Darren hada few mishaps with them again yesterday as well and I think he'll close his account and concentrate on his other account in the UK. Having traded with him for three weeks, this past week he spent a lot of time on the phone to them to get him out of trades. I also want to concentrate a bit more on Tornado for longer runs. I needthe short term trading to fulfil my trading desire and cardio workout. Leigh did some really good trades using it and I went into three trades using Tornado and I like it.
Darren wants to find out more about it as well and we've a conference call organised for this weekend to go over Tornado. I ams o excited about this. I get more fired up every day. I never ever think of trading as a losing experience. When I lie in bed I think of winners and how I can improve on what I'm doing. I am good at telling Leigh and Darren when to get into good trades and when and why to keep out. Why can't I uset hat same knowledge on myself? Leigh was getting disheartened with his losses but once he got stuck into Tornado there was no holding him back.
Canyou send me your paypal email link so he can pay you for the course please? Once his pay cheque comes in he wants to pay for his course. Darren was in awe of Leigh picking up 50,60, 70 pips at a time and we are battling to get our few wee pips in.
What a week, but I'm chuffed to bits with VT.
Sally Nicholl wrote to me. I see she read my email to you re the book. This is what she wrote to me
"Hi Desiree,
John Bartlett was kind enough to forward me the email you sent him that mentions my book Bets and the City. I'm so pleased you enjoyed it... and delighted to know it kept you awake! Hope you enjoyed it beyond the first four chapters.... and that you'll be able to profit by not repeating all thebeginner mistakes I made. Are you enjoying your trading? And making money? Good luck with it all. If you want to find out more about me and my (lessreckless, these days!) trading, check out my website at www.sallynicoll.com And if you have a moment to do me a quick review on amazon, that would begreatly appreciated! Best wishes, Sally x "
Ok off to do the ironing for the week. Leigh is working on his son's bedroomand Iain arrives from Boston later on today. If you could come to the States and give a course that would be brilliant. We could make it either in Newark which is just outside NYC or in Philadelphia which is an hour's drive fromhere and you can stay here. Interesting prospects. Let's work on them.
Leighwanted a new business venture and how he's got one and he believes in what you do so it could go well. Have a good weekend. It's pouring here. Cheers Desiree
Sorry I didn't get this to you yesterday. Attached is my analyser for theweek. I will start a new one using the USA chart next week. I added all my trades for this week as well as the 4 done on the VT. Yesterday was quite an eye opener to me (I've never had so many in years)and I managed to get out at a loss of $44 - 22 pips. I guess if I had waited I'd have come out at a profit but wasn't going to risk any more money.
I practiced on the demo after this mishap and worked out what was wrong. Thank goodness Leigh was here to help me. I was in a panic and his calm way of telling me I was screwing up didn't produce a loving response from me. VTcouldn't do much for me (they are not quite au fait with the new platform yet) and I did submit a ticket but not sure they will do anything about it.I'm not fussed. I made three trades. A $33 and $18 in profit and 1 @ $44loss making my daily profit for the day $7. In two days I've made $187 so Iwas happy with that. Losing doesn't hurt so much anymore. It's all partof the business. View it as a bad debt.
I'm disappointed in Worldspreads and let's see if they refund me. Darren hada few mishaps with them again yesterday as well and I think he'll close his account and concentrate on his other account in the UK. Having traded with him for three weeks, this past week he spent a lot of time on the phone to them to get him out of trades. I also want to concentrate a bit more on Tornado for longer runs. I needthe short term trading to fulfil my trading desire and cardio workout. Leigh did some really good trades using it and I went into three trades using Tornado and I like it.
Darren wants to find out more about it as well and we've a conference call organised for this weekend to go over Tornado. I ams o excited about this. I get more fired up every day. I never ever think of trading as a losing experience. When I lie in bed I think of winners and how I can improve on what I'm doing. I am good at telling Leigh and Darren when to get into good trades and when and why to keep out. Why can't I uset hat same knowledge on myself? Leigh was getting disheartened with his losses but once he got stuck into Tornado there was no holding him back.
Canyou send me your paypal email link so he can pay you for the course please? Once his pay cheque comes in he wants to pay for his course. Darren was in awe of Leigh picking up 50,60, 70 pips at a time and we are battling to get our few wee pips in.
What a week, but I'm chuffed to bits with VT.
Sally Nicholl wrote to me. I see she read my email to you re the book. This is what she wrote to me
"Hi Desiree,
John Bartlett was kind enough to forward me the email you sent him that mentions my book Bets and the City. I'm so pleased you enjoyed it... and delighted to know it kept you awake! Hope you enjoyed it beyond the first four chapters.... and that you'll be able to profit by not repeating all thebeginner mistakes I made. Are you enjoying your trading? And making money? Good luck with it all. If you want to find out more about me and my (lessreckless, these days!) trading, check out my website at www.sallynicoll.com And if you have a moment to do me a quick review on amazon, that would begreatly appreciated! Best wishes, Sally x "
Ok off to do the ironing for the week. Leigh is working on his son's bedroomand Iain arrives from Boston later on today. If you could come to the States and give a course that would be brilliant. We could make it either in Newark which is just outside NYC or in Philadelphia which is an hour's drive fromhere and you can stay here. Interesting prospects. Let's work on them.
Leighwanted a new business venture and how he's got one and he believes in what you do so it could go well. Have a good weekend. It's pouring here. Cheers Desiree
14th November
Dear John
It was such fun chatting to your on Skype and I hope you have hours of fun with your WII. I am also looking forward to designing a website for learntrading and we bought the domain name learntrading.us. Leigh is very excited to get this show on the road. He’s a good salesman and believes in your courses so much that I think he’ll have a great time selling it. Also pilots are always whinging about their money and made do trade so lets see if we can peddle this to them as well.
Now back to trading. I reinstalled the VT and latest JAVA and rebooted. Then I decided to test it and went onto the 30 minute cable to put in a longer running trade. I had set the one click on my demo account and although the charts all transferred nicely from the demo to the live platform, the one click didn’t and so when I clicked sell I nearly took off when I saw I was$100 in the red. I froze and Leigh said let this ride as the trend is on my side. I sat watching this totally dumbstruck and within a minute I was in profit and then it gave me 18 pips within about a minute. Leigh said get out don’t be greedy and I have to admit I was happy to get out.
Actually he had said get out when I reached zero but the candle was rushing down so fast I thought nope I’ll sit this one out. I should have trailed my stop and I’d have been 30 pips in profit but the shock of going in at $10 a pip insteadof the $1 as I wanted to test the platform certainly got my attention. So a valuable lesson. Even though your demo settings are transferred to the live platform the one click does transfer but the default lot amount of $10still applies. I had intended trading on $1 a pip but ended up trading at$10 a pip which was a terrible shock. If I had been trading the 1 minutechart I’d have lost my nerve but looking at the broader picture certainly helps.
I learned something else. When it’s looking good like today it’s only really a mindset between $10 and $5 and $1. Trading $10 on the demo was a nobrainer its different in real life. But with the pound falling like it is it won’t feel any different to trading £5 a pip which is what I’ve been doing lately. I am going to use the Tornado more. Maybe for longer trades on one currency and do hands on trading on another currency. The cable on VT is a 4 pip spread but those 4 pips meant zip. I am so glad my first trade on theVT was in profit.
Starting off on Worldspreads with two losses in a row was such a psychological downer. Darren and I have been using the 1 minute chart as entry and exits but wef ound we started relying on the 1 minute instead of 5 minute. Every few days we have to go back to basics and it always works. I’m done trading for the day. I’m off to play. Chat tomorrow Cheers Desiree
It was such fun chatting to your on Skype and I hope you have hours of fun with your WII. I am also looking forward to designing a website for learntrading and we bought the domain name learntrading.us. Leigh is very excited to get this show on the road. He’s a good salesman and believes in your courses so much that I think he’ll have a great time selling it. Also pilots are always whinging about their money and made do trade so lets see if we can peddle this to them as well.
Now back to trading. I reinstalled the VT and latest JAVA and rebooted. Then I decided to test it and went onto the 30 minute cable to put in a longer running trade. I had set the one click on my demo account and although the charts all transferred nicely from the demo to the live platform, the one click didn’t and so when I clicked sell I nearly took off when I saw I was$100 in the red. I froze and Leigh said let this ride as the trend is on my side. I sat watching this totally dumbstruck and within a minute I was in profit and then it gave me 18 pips within about a minute. Leigh said get out don’t be greedy and I have to admit I was happy to get out.
Actually he had said get out when I reached zero but the candle was rushing down so fast I thought nope I’ll sit this one out. I should have trailed my stop and I’d have been 30 pips in profit but the shock of going in at $10 a pip insteadof the $1 as I wanted to test the platform certainly got my attention. So a valuable lesson. Even though your demo settings are transferred to the live platform the one click does transfer but the default lot amount of $10still applies. I had intended trading on $1 a pip but ended up trading at$10 a pip which was a terrible shock. If I had been trading the 1 minutechart I’d have lost my nerve but looking at the broader picture certainly helps.
I learned something else. When it’s looking good like today it’s only really a mindset between $10 and $5 and $1. Trading $10 on the demo was a nobrainer its different in real life. But with the pound falling like it is it won’t feel any different to trading £5 a pip which is what I’ve been doing lately. I am going to use the Tornado more. Maybe for longer trades on one currency and do hands on trading on another currency. The cable on VT is a 4 pip spread but those 4 pips meant zip. I am so glad my first trade on theVT was in profit.
Starting off on Worldspreads with two losses in a row was such a psychological downer. Darren and I have been using the 1 minute chart as entry and exits but wef ound we started relying on the 1 minute instead of 5 minute. Every few days we have to go back to basics and it always works. I’m done trading for the day. I’m off to play. Chat tomorrow Cheers Desiree
13th November
HI John
Yes that is nice. I really think you need to branch out into the USA market as well using the VT. Its so user friendly. With Worldspreads the way itis maybe you can tailor your courses to be more worldwide. People are ready for you here. Possibly have a .com version of your site for USA viewers. And if postage is a problem I'll mail them out from here. I fly over every two weeks. You have an excellent product. The prices they charge here are crazy.
My VT account is open but I will start small. I also have a lot of work towade through today do until I have that off my back I cant concentrate on the trading. Yesterday were some lovely opportunities. Yes Leigh has losses. Poor guy. He's trading $1 a pip but felt rather go in using real money than the demo. He'll learn. I need to get hold of VT because when I enter a 1 click trade it opens two. I have desensitized my mouse in case that is the problem. They are so good and attentive I will like working with them Enjoy your time off. Sales will pick up again. Ok back to the grind stone for me Chat later Desiree
Yes that is nice. I really think you need to branch out into the USA market as well using the VT. Its so user friendly. With Worldspreads the way itis maybe you can tailor your courses to be more worldwide. People are ready for you here. Possibly have a .com version of your site for USA viewers. And if postage is a problem I'll mail them out from here. I fly over every two weeks. You have an excellent product. The prices they charge here are crazy.
My VT account is open but I will start small. I also have a lot of work towade through today do until I have that off my back I cant concentrate on the trading. Yesterday were some lovely opportunities. Yes Leigh has losses. Poor guy. He's trading $1 a pip but felt rather go in using real money than the demo. He'll learn. I need to get hold of VT because when I enter a 1 click trade it opens two. I have desensitized my mouse in case that is the problem. They are so good and attentive I will like working with them Enjoy your time off. Sales will pick up again. Ok back to the grind stone for me Chat later Desiree
13th November
Hi John
How has your day been? Mine has been frustrating. A true lesson in patience!! I had so much work today from my day job that it's coming on for 5pm and I've still not traded. However I did open my charts and wanted to put in a cable sell on tornado and I got a java error saying there was a security problem. So I had to reinstall VT2 and get the latest java, reboot and now I'm hoping it will be fine. I don't want to test it without a sell/buy opportunity.
On the other hand lord muck here is doing famously with tornado. If he'd listened to me he'd have bagged an additional 61 pips today but he's been entering only on the tornado and picking up pips in one morning that takes me a month to do., needless to day he's recovered all his losses and a nice healthy profit. When it spikes he goes out, bags what he has and then goes in again.
Cable did a massive spike today taking him to 77 pips in less than5 minutes. He set his stop and wanted it to run for the day but I suggested he take that money and get in again. He didn't and so only got 20 pips which are fine too. Since then he's gone into several more trades and picks pipsup like we took ticks off our dogs. I will keep you posted. Frustrating but a lesson in patience. I reallythink for the good trades tornado is the way to go. You need to up yourprice on that one. It's brilliant.
With Leigh pfaffing around the house hecan't keep watching the screen. He sets alerts , comes to check and wham he's 10 in profit instantly. I think the shorter trading is fun but it takes up a lot of time
Sooo back to the drawing board, check my charts, see which currency is tanking or rising and then put a long term trade on that. I guess I need to lower my stake as I'll be trading less money? Then I can trade on the other currencies. It's like having a new baby in the house. What works best to keep it quiet and happy. If I make headway with VT I'll be back Kind regards Desiree
How has your day been? Mine has been frustrating. A true lesson in patience!! I had so much work today from my day job that it's coming on for 5pm and I've still not traded. However I did open my charts and wanted to put in a cable sell on tornado and I got a java error saying there was a security problem. So I had to reinstall VT2 and get the latest java, reboot and now I'm hoping it will be fine. I don't want to test it without a sell/buy opportunity.
On the other hand lord muck here is doing famously with tornado. If he'd listened to me he'd have bagged an additional 61 pips today but he's been entering only on the tornado and picking up pips in one morning that takes me a month to do., needless to day he's recovered all his losses and a nice healthy profit. When it spikes he goes out, bags what he has and then goes in again.
Cable did a massive spike today taking him to 77 pips in less than5 minutes. He set his stop and wanted it to run for the day but I suggested he take that money and get in again. He didn't and so only got 20 pips which are fine too. Since then he's gone into several more trades and picks pipsup like we took ticks off our dogs. I will keep you posted. Frustrating but a lesson in patience. I reallythink for the good trades tornado is the way to go. You need to up yourprice on that one. It's brilliant.
With Leigh pfaffing around the house hecan't keep watching the screen. He sets alerts , comes to check and wham he's 10 in profit instantly. I think the shorter trading is fun but it takes up a lot of time
Sooo back to the drawing board, check my charts, see which currency is tanking or rising and then put a long term trade on that. I guess I need to lower my stake as I'll be trading less money? Then I can trade on the other currencies. It's like having a new baby in the house. What works best to keep it quiet and happy. If I make headway with VT I'll be back Kind regards Desiree
12th November
Dear John
Apologies for not writing yesterday. After my Worldspreads fiasco I took the day off and had the carpet layers come and in generally walked away from trading. I sent Worldspreads a detailed letter and they came back and said this will take a few days to sort out as they have to test the software glitches that may have happened during my complaints etc. I am not holdingout on a refund. It’s cost me £140 so far. I blame myself as I’m a new trader but Leigh literally stood over me when three of the cock ups occurred and saw it wasn’t me. Now to prove it to them. Is it worth the fight? Nah,take it as a loss, get used to losing and realise the next trade is another opportunity. I see this as learning to walk. Baby steps and once I find my groove I’ll be ok.
I keep hearing my mom saying Lehrgeld (German for tuition). Then today I tried to trade but got out at 0. Darren went into a trade and I was on VT. Worldspreads froze and he got out at a loss. Then he went into another trade a while later and it froze again but he called them and they took him out at 25 pips profit. John I can’t work like that. I can’t keepcalling them if their platform freezes. I can’t depend on their cock ups tomake money. It makes it difficult for me to gauge what is my good trading or a screw up that made me money.
Darren’s two freezings this morning firmly encouraged me to contact them andwithdraw my money. I have left a £100 in the account and may work on smaller amounts. To be honest I will wait and see if they improve their platform and then see if I want to go back to them. I have put in $2500 into VT. I had an idea and not sure if this will help you. Can you on your course mention that you use Worldspreads but that there are other companies? This way you free yourself from possible criticism and you then concentrate on the scalping and not the platform itself? It’s up to folk then if they want to use VT or something else. Also this way you can see your course in theUSA.
Until my money is in the account I will trade on Leigh’s account. He’s mades ome losses so I am going to work on that getting used to the trading platform and take it from there. Yesterday after 4pm when Worldspreads went to 3 pips there was a super sell and if I was trading I could have made good money. I’ve always stopped at 4pm but realise now with the VT I can really adjust my trading times. Then I don’t have to get up at 4am in the USA and can chill out and trade when it suits me.
Leigh prefers the Tornado and I am looking more seriously at that now as well. That’s all for now John chat to you later on, hope you are enjoying your time in France. Its’ freezing here Cheers Desiree
Apologies for not writing yesterday. After my Worldspreads fiasco I took the day off and had the carpet layers come and in generally walked away from trading. I sent Worldspreads a detailed letter and they came back and said this will take a few days to sort out as they have to test the software glitches that may have happened during my complaints etc. I am not holdingout on a refund. It’s cost me £140 so far. I blame myself as I’m a new trader but Leigh literally stood over me when three of the cock ups occurred and saw it wasn’t me. Now to prove it to them. Is it worth the fight? Nah,take it as a loss, get used to losing and realise the next trade is another opportunity. I see this as learning to walk. Baby steps and once I find my groove I’ll be ok.
I keep hearing my mom saying Lehrgeld (German for tuition). Then today I tried to trade but got out at 0. Darren went into a trade and I was on VT. Worldspreads froze and he got out at a loss. Then he went into another trade a while later and it froze again but he called them and they took him out at 25 pips profit. John I can’t work like that. I can’t keepcalling them if their platform freezes. I can’t depend on their cock ups tomake money. It makes it difficult for me to gauge what is my good trading or a screw up that made me money.
Darren’s two freezings this morning firmly encouraged me to contact them andwithdraw my money. I have left a £100 in the account and may work on smaller amounts. To be honest I will wait and see if they improve their platform and then see if I want to go back to them. I have put in $2500 into VT. I had an idea and not sure if this will help you. Can you on your course mention that you use Worldspreads but that there are other companies? This way you free yourself from possible criticism and you then concentrate on the scalping and not the platform itself? It’s up to folk then if they want to use VT or something else. Also this way you can see your course in theUSA.
Until my money is in the account I will trade on Leigh’s account. He’s mades ome losses so I am going to work on that getting used to the trading platform and take it from there. Yesterday after 4pm when Worldspreads went to 3 pips there was a super sell and if I was trading I could have made good money. I’ve always stopped at 4pm but realise now with the VT I can really adjust my trading times. Then I don’t have to get up at 4am in the USA and can chill out and trade when it suits me.
Leigh prefers the Tornado and I am looking more seriously at that now as well. That’s all for now John chat to you later on, hope you are enjoying your time in France. Its’ freezing here Cheers Desiree
12th November
Hi John
This is an email I wanted to share with you. Regards Desiree _____ From: Katerina Noreli [mailto:knoreli@cmsfx.com] Sent: 12 November 2008 18:54
To: 'Desiree Bruce'Subject: CMS-Forex
Great Desiree, I know John Bartlett- he is one of my favorite clients-please tell him "Hello" for me! I certainly made note in my files that you are his referral. He should get credit also for sending you here. Stay well Sincerely, Katerina Noreli
This is an email I wanted to share with you. Regards Desiree _____ From: Katerina Noreli [mailto:knoreli@cmsfx.com] Sent: 12 November 2008 18:54
To: 'Desiree Bruce'Subject: CMS-Forex
Great Desiree, I know John Bartlett- he is one of my favorite clients-please tell him "Hello" for me! I certainly made note in my files that you are his referral. He should get credit also for sending you here. Stay well Sincerely, Katerina Noreli
10th November
Hi John
I have gone through the process of opening a live VT account. I will startwith $2000 and then add to it. I also wrote to Worldspreads and will call them tomorrow. Let them start their day with my email!! I know one must never blame the software but this is happening too often for comfort. Chat tomorrow when I know more. Thank you for the referral Kind regards Desiree
I have gone through the process of opening a live VT account. I will startwith $2000 and then add to it. I also wrote to Worldspreads and will call them tomorrow. Let them start their day with my email!! I know one must never blame the software but this is happening too often for comfort. Chat tomorrow when I know more. Thank you for the referral Kind regards Desiree
10th November
Hi John
Today wasn't a good day trading. Worldspreads got stuck when I was 6 pips inprofit and when I went out I lost 1 pip. Then I made 3 pip profit and gave it a rest till an opportunity arose again. Then I went into trade and set mystop and Worldspreads didn't kick me out at my stop so I went further than I had stopped. I then made at 2 pip profit. I have decided I will use the VT. The charts don't mess you about likeWorldspreads.
I rather pay tax on my earnings than go through too much of this. Darren also had to call them twice because of hitches. This is making me loose confidence in my trading. Leigh is doing so nicely on the VT. He goes in with the 1 click and gets out and has made super profits while we went and lost money. As soon as I hear from you I will get the VT account set up. It takes 2 days and I'd like to be up and running latest end of this week Have a good evening. I'm thoroughly pissed with myself for even bothering to trade when WS was mucking me about. I kept saying this my fault I should know better and then I look across to Leigh and he's merrily in and out of a trade taking profit. Chat tomorrow Regards Desiree
Today wasn't a good day trading. Worldspreads got stuck when I was 6 pips inprofit and when I went out I lost 1 pip. Then I made 3 pip profit and gave it a rest till an opportunity arose again. Then I went into trade and set mystop and Worldspreads didn't kick me out at my stop so I went further than I had stopped. I then made at 2 pip profit. I have decided I will use the VT. The charts don't mess you about likeWorldspreads.
I rather pay tax on my earnings than go through too much of this. Darren also had to call them twice because of hitches. This is making me loose confidence in my trading. Leigh is doing so nicely on the VT. He goes in with the 1 click and gets out and has made super profits while we went and lost money. As soon as I hear from you I will get the VT account set up. It takes 2 days and I'd like to be up and running latest end of this week Have a good evening. I'm thoroughly pissed with myself for even bothering to trade when WS was mucking me about. I kept saying this my fault I should know better and then I look across to Leigh and he's merrily in and out of a trade taking profit. Chat tomorrow Regards Desiree
10th November
Hi John
Worldspreads got stuck again today and I lost 1 pip which is a no brainer. Please would you send me the friend referral link so that I can get the ball rolling with VT. I watched Leigh trade on it last night and its so much easier and he was able to control his stops so nicely. I think I’d be happier dealing with them. As they are also spread betting I guess the tax laws are the same
Chat to you soon. Its freezing here
Kind regards
Desiree
Worldspreads got stuck again today and I lost 1 pip which is a no brainer. Please would you send me the friend referral link so that I can get the ball rolling with VT. I watched Leigh trade on it last night and its so much easier and he was able to control his stops so nicely. I think I’d be happier dealing with them. As they are also spread betting I guess the tax laws are the same
Chat to you soon. Its freezing here
Kind regards
Desiree
8th November
Hi John
Well I didn’t trade again today. I was too busy with work and that frustrated me. I had a good day with Darren and he seemed a lot calmer today and we went back to basics and kept in mind what we have learned and put it to work. You know that’s the only way to go. We had good entries not so goodexits –, as we still get out too early but it was a much calmer day trading.
I explained to him my feelings and I said this to me is my bread and butter and roof over my head. I need to be careful and not try risky tactics until I’ve perfected them on the demo. I have to hand it to him, he is one of the nicest people I’ve met and so humble.
I have a funny story. This afternoon Darren and I wanted to enter a sell trade at 50. When it got down to 50 I said to him to wait. He said why andI said I didn’t like the hesitation, the look of the shadows etc. It had shot down and passed the support line at 52 and in all intents and purposes a good entry. My words were not cold when it shot up over 80 pips in seconds. If we had clicked sell at that point we’d not have had time to even get our stop in as it went up so fast. At the top I said lets sell as it came down so nicely but we didn’t.
I prefer trading spikes on the 5 minutechart but this one was a real classic and even on the 1 minute was workable.It was such a surprise and we had a good laugh because Darren was puzzled by my reluctance to enter the trade and then wham this happened. Actually as he said why it shot up and I said mm that’s why Darren. I made my trade before I spoke to Darren and basically was done for the day. I used the 1 minute as my entry. I much prefer watching the deal ticket in Worldspreads to thecharts on VT as the numbers and the rate they move have more impact with meand help in making my decision to get in and especially out of a trade. plusVT is so often out of sync with Worldspreads especially when there is massive movement.
Darren and I have worked out why we leave trades too soon. Whenever we’ve gone into a trade that has gone 20 against us before turning around by the time it reaches 0 we are so relieved we take what profits we can and heave a huge sigh of relief. This is a sure sign we enter trades at the wrong time.When we enter trades and it only goes about 6 or 10 against us before turning around, we are relaxed when we get into profit and then are prepared to let the trade run.
A perfect example was today. Darren wanted to get inat 192 for a sell and I suggested he wait because it was right at the tip ofthe candle just out of the shadow. I suggested he wait till it goes back to 201. He was itching to get in but he saw the logic so when it reached 202 hewent in and had a lovely 30 pip run down into profit. It went into profit almost immediately and he was able to trail his stops. This proved to both of us how important right entries are. Leigh got in on a spike yesterday and had his ass handed to him. Thank goodness he was on the demo.
Today I only traded the euro and felt comfortable trading it. Cable to me is too volatile and unless it’s a good clear run you can really get into hotwater because each candle fluctuates so much. In comparison the euro is so much slower and like an old donkey in comparison. But saying that after the news came out this afternoon the euro went mad for several hours and the 30minute chart was a mess.
This morning at 5am EST - 10am UK time I drew some trend lines and at close of day those trend lines were still accurate. I had a trend line on the 30 minute and it never went over the resistance line all day. So a good indication that the trend was down. Last night I thought a lot about putting trades in, giving them room to breathe and then trading shorter time frames on another currency. I need to work this one out andI’ll go over your course again to get me into a longer term trade. It makessense and makes more money too.
We also had an internet outage which made me reluctant to enter another trade for a while. This is scary as here in the sticks these things happen.So all in all I am happy with my 14 pips and more so that they were made in one trade. Monday it’s up to £5 a pip. I wanted to trade £5 today but the opportunity to trade again didn’t materialise.
VT is down now and we can’t get into Leigh’s live account and that will be put on hold till Monday. I do hope the live accounts are in better shape than the demos.
My friend Carolyn Stuart in Perth will be ordering the basic Forex forbeginner’s course soon. She will have it delivered to my home address as she’s at work all day. It will be interesting watching her trade as she can’t trade all day. She will need to place her orders before work and thenl et the trade work for her during the day. I told her I’d be on standby for any help she needs. Her son Adrian is also interested and she’s getting thecourse as a Christmas present to herself and her kids. Let’s see if she cando it. She needs to make £175 a week. I hope so. She doesn’t make much money but I am fully aware that not everyone can trade so I’m keeping an openmind. She’s had a good scout around your website.
My friend Carrie Thorne from Namibia said she has written. Has her email arrived yet? She wants the same course. I think she’ll do well. She wrote to the Puriton address. Carolyn will write this weekend and then place the order online. Attached please find my two trading analysers – the real one and the simpler one Iain designed. I’ve made a mistake in calculation because Iain’s one says I have less money than I actually have. I’ve asked Darren to send me his so I can make a screen shot of it like the ones I attached. Ok that’s all for today. Have a safe trip across the wee pond. Can’t wait to see your home in France. Kindest regards Desiree
Well I didn’t trade again today. I was too busy with work and that frustrated me. I had a good day with Darren and he seemed a lot calmer today and we went back to basics and kept in mind what we have learned and put it to work. You know that’s the only way to go. We had good entries not so goodexits –, as we still get out too early but it was a much calmer day trading.
I explained to him my feelings and I said this to me is my bread and butter and roof over my head. I need to be careful and not try risky tactics until I’ve perfected them on the demo. I have to hand it to him, he is one of the nicest people I’ve met and so humble.
I have a funny story. This afternoon Darren and I wanted to enter a sell trade at 50. When it got down to 50 I said to him to wait. He said why andI said I didn’t like the hesitation, the look of the shadows etc. It had shot down and passed the support line at 52 and in all intents and purposes a good entry. My words were not cold when it shot up over 80 pips in seconds. If we had clicked sell at that point we’d not have had time to even get our stop in as it went up so fast. At the top I said lets sell as it came down so nicely but we didn’t.
I prefer trading spikes on the 5 minutechart but this one was a real classic and even on the 1 minute was workable.It was such a surprise and we had a good laugh because Darren was puzzled by my reluctance to enter the trade and then wham this happened. Actually as he said why it shot up and I said mm that’s why Darren. I made my trade before I spoke to Darren and basically was done for the day. I used the 1 minute as my entry. I much prefer watching the deal ticket in Worldspreads to thecharts on VT as the numbers and the rate they move have more impact with meand help in making my decision to get in and especially out of a trade. plusVT is so often out of sync with Worldspreads especially when there is massive movement.
Darren and I have worked out why we leave trades too soon. Whenever we’ve gone into a trade that has gone 20 against us before turning around by the time it reaches 0 we are so relieved we take what profits we can and heave a huge sigh of relief. This is a sure sign we enter trades at the wrong time.When we enter trades and it only goes about 6 or 10 against us before turning around, we are relaxed when we get into profit and then are prepared to let the trade run.
A perfect example was today. Darren wanted to get inat 192 for a sell and I suggested he wait because it was right at the tip ofthe candle just out of the shadow. I suggested he wait till it goes back to 201. He was itching to get in but he saw the logic so when it reached 202 hewent in and had a lovely 30 pip run down into profit. It went into profit almost immediately and he was able to trail his stops. This proved to both of us how important right entries are. Leigh got in on a spike yesterday and had his ass handed to him. Thank goodness he was on the demo.
Today I only traded the euro and felt comfortable trading it. Cable to me is too volatile and unless it’s a good clear run you can really get into hotwater because each candle fluctuates so much. In comparison the euro is so much slower and like an old donkey in comparison. But saying that after the news came out this afternoon the euro went mad for several hours and the 30minute chart was a mess.
This morning at 5am EST - 10am UK time I drew some trend lines and at close of day those trend lines were still accurate. I had a trend line on the 30 minute and it never went over the resistance line all day. So a good indication that the trend was down. Last night I thought a lot about putting trades in, giving them room to breathe and then trading shorter time frames on another currency. I need to work this one out andI’ll go over your course again to get me into a longer term trade. It makessense and makes more money too.
We also had an internet outage which made me reluctant to enter another trade for a while. This is scary as here in the sticks these things happen.So all in all I am happy with my 14 pips and more so that they were made in one trade. Monday it’s up to £5 a pip. I wanted to trade £5 today but the opportunity to trade again didn’t materialise.
VT is down now and we can’t get into Leigh’s live account and that will be put on hold till Monday. I do hope the live accounts are in better shape than the demos.
My friend Carolyn Stuart in Perth will be ordering the basic Forex forbeginner’s course soon. She will have it delivered to my home address as she’s at work all day. It will be interesting watching her trade as she can’t trade all day. She will need to place her orders before work and thenl et the trade work for her during the day. I told her I’d be on standby for any help she needs. Her son Adrian is also interested and she’s getting thecourse as a Christmas present to herself and her kids. Let’s see if she cando it. She needs to make £175 a week. I hope so. She doesn’t make much money but I am fully aware that not everyone can trade so I’m keeping an openmind. She’s had a good scout around your website.
My friend Carrie Thorne from Namibia said she has written. Has her email arrived yet? She wants the same course. I think she’ll do well. She wrote to the Puriton address. Carolyn will write this weekend and then place the order online. Attached please find my two trading analysers – the real one and the simpler one Iain designed. I’ve made a mistake in calculation because Iain’s one says I have less money than I actually have. I’ve asked Darren to send me his so I can make a screen shot of it like the ones I attached. Ok that’s all for today. Have a safe trip across the wee pond. Can’t wait to see your home in France. Kindest regards Desiree
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
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
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
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
5th November
Hello John It was good chatting to you this morning.
I went in at £4 a pip and made two losses however I was cautious and got out at -16 and -20 at each point.The currencies are messing us about today. Then I went in for cable at 1.2772 and Worldspreads got stuck. I was in profit 25 pips and the deal ticket still said 1.2772. so I called Worldspreads and they took me out at 1.2797 and I made 25 pips.
I asked what’s wrong and they said their system has crashed and they are having to take folk out manually. They said not to trade anymore till the system is up and running again. I think they are in chaos right now as I had to wait to get put through to them. When I spoke to the chap he laughed and said their phones are ringing off the hook.
Darren is talking to them as I write this as he’s in a similar trade and can’t get out. So for today I am only -11 negative. I kept my cable at £4 a pip and shouldhave gone down to £3 but I thought no I am in control and will ride this.
The VT and Worldspreads are not in sync which is causing a lot of problems and so I will now sit tight until things are up and running again. W/spreads said that this will take quite a while to sort out so I’ll take breather and relax knowing in am now only 11 pips down on the day I went to bed at 8pm last night. I’m still in UK mode and I was awake at 3. I decided why lie here not sleeping when I could be checking my charts and possibly trading. So when you called I was all bright and breezy and happy to be online working away.
The office in Perth were seriously confused as they wrote back and said ‘go back to bed its 3am!!’ Both losing trades I did today showed all the indicators were on my side when I went in. I entered at the right time and then it went against me almost immediately. It was quite a shake up to not rely on the indicatorsall the time. I can’t work out whether it was the charts being out of sync or me. Either way I’m giving it a rest for now and then will see what happens later on today.
I’ll carry on this email in a few hours time. Have a safe trip back home Later…. Trading came to a grinding halt. I am £4 in profit for today. Someone hacked through the cable outside Worldspreads successfully cutting them off from their server and with that any more trading for the day. Thank goodnessI ended on a profit after my two disastrous losses. I have to get used to losses. They irk me and I feel a failure when I make one. This is something I have to come to grips with and I will. I wasfortunate to make money after the two losses and just about recovere verything but taking Monday and Tuesday into account I’m only up £4.
Iwill see if they do come back online later on and if I can get into the zone I may trade cable. There is a lot of movement today and the pound is recovering nicely against the dollar. If I don’t trade again today that’s also ok. I’ll go take a nap instead Kind regards Desiree
I went in at £4 a pip and made two losses however I was cautious and got out at -16 and -20 at each point.The currencies are messing us about today. Then I went in for cable at 1.2772 and Worldspreads got stuck. I was in profit 25 pips and the deal ticket still said 1.2772. so I called Worldspreads and they took me out at 1.2797 and I made 25 pips.
I asked what’s wrong and they said their system has crashed and they are having to take folk out manually. They said not to trade anymore till the system is up and running again. I think they are in chaos right now as I had to wait to get put through to them. When I spoke to the chap he laughed and said their phones are ringing off the hook.
Darren is talking to them as I write this as he’s in a similar trade and can’t get out. So for today I am only -11 negative. I kept my cable at £4 a pip and shouldhave gone down to £3 but I thought no I am in control and will ride this.
The VT and Worldspreads are not in sync which is causing a lot of problems and so I will now sit tight until things are up and running again. W/spreads said that this will take quite a while to sort out so I’ll take breather and relax knowing in am now only 11 pips down on the day I went to bed at 8pm last night. I’m still in UK mode and I was awake at 3. I decided why lie here not sleeping when I could be checking my charts and possibly trading. So when you called I was all bright and breezy and happy to be online working away.
The office in Perth were seriously confused as they wrote back and said ‘go back to bed its 3am!!’ Both losing trades I did today showed all the indicators were on my side when I went in. I entered at the right time and then it went against me almost immediately. It was quite a shake up to not rely on the indicatorsall the time. I can’t work out whether it was the charts being out of sync or me. Either way I’m giving it a rest for now and then will see what happens later on today.
I’ll carry on this email in a few hours time. Have a safe trip back home Later…. Trading came to a grinding halt. I am £4 in profit for today. Someone hacked through the cable outside Worldspreads successfully cutting them off from their server and with that any more trading for the day. Thank goodnessI ended on a profit after my two disastrous losses. I have to get used to losses. They irk me and I feel a failure when I make one. This is something I have to come to grips with and I will. I wasfortunate to make money after the two losses and just about recovere verything but taking Monday and Tuesday into account I’m only up £4.
Iwill see if they do come back online later on and if I can get into the zone I may trade cable. There is a lot of movement today and the pound is recovering nicely against the dollar. If I don’t trade again today that’s also ok. I’ll go take a nap instead Kind regards Desiree
4th November
Hi John
Desiree Bruce has recommended that I contact you regarding the forex course that she is busy with.
I am in Namibia and have been on the website and feel that its something that I can really get my teeth into without getting "taken over"?! I worked on the Johannesburg Stock Exchange some years back and enjoyed the trading process but not the sales kill... so to do something like this with my own funds and nurture it will be more worthwhile.
Is there any reading material or specific websites that you can recommend me and how can I place an order from here? I am a bit concerned about the postage as we have had problems before. Payment can be done via internet or credit card.
Many thanks - Carolyn du Preez
Hi Carolyn best contact me via www.skype.com my name is forexshepherd - John Bartlett
Desiree Bruce has recommended that I contact you regarding the forex course that she is busy with.
I am in Namibia and have been on the website and feel that its something that I can really get my teeth into without getting "taken over"?! I worked on the Johannesburg Stock Exchange some years back and enjoyed the trading process but not the sales kill... so to do something like this with my own funds and nurture it will be more worthwhile.
Is there any reading material or specific websites that you can recommend me and how can I place an order from here? I am a bit concerned about the postage as we have had problems before. Payment can be done via internet or credit card.
Many thanks - Carolyn du Preez
Hi Carolyn best contact me via www.skype.com my name is forexshepherd - John Bartlett
4th November
Dear John
We’ll I’m in the USA now and jet lag had me at my desk at 5am until midday my time. Darren met up with me at the same time and we did some good trading. We missed out of a perfect opportunity as we got out too early. I made 6 pips and I watched this puppy fall big time. Anyway I had lost my rhythm so I waited for an opportunity as I felt that there were so many support levels that it threw me. Hindsight I could see I was wrong. But thatis history and this is now.
Then at 4pm when cable went to 3 pips it tumbled and I went in again and made 10 pips. Darren made 30 as he stayed in longer. So for today I am up 16 pips. I’m also working solely from my laptop and I have to get used to the smaller candles to what I’ve become used to on my desktop.
Darren and I have also learned and its confirmed not to trade just to trade.unless the opportunity is there we don’t hit sell or buy. We have got this down well. Now we have to learn to ride the trades longer and we’ll be in serious profit. I am not concerned as I can see we are very much on our way.We are more relaxed, our approach is very clear and we do not enter trades unless all the signs show us its safe to go in. today was a perfect example with the euro. It showed a sell but the MACD was too horizontal for my liking and so we kept out. Of course once we closed down for the day it plummeted but tomorrow is another day.
We went over our target and you know I am very happy to get out then. I don’t feel the need to jump in and cash in on some more pips. I keep thinking there are many more opportunities like this and we had that shown today us today. We were ready to call it a day with my 6 and Darrens 3 and then cable dived and we went in calmly and I went out when I reached 10 pips.
What really excited me was by this stage the spread was up to 3 and it made no difference to our trading. We wentinto profit immediately and rode it But this is Monday. We have the week ahead of us and I am 16 pips in profit. I feel good. I beat my daily target of 10 yet again. My account isnow running at £1,189. I am still on £3 a pip. Shall I up it to £4?
I feel very comfortable at £3 but I was happy at £4 as well Hope to connect with you soon. Have a great evening. Leigh and I are about to head out and buy grout forour kitchen floor tiles. Then this afternoon its back to basics and working our home I am attaching my proper trading analyser for you to go over Kind regards Desiree
We’ll I’m in the USA now and jet lag had me at my desk at 5am until midday my time. Darren met up with me at the same time and we did some good trading. We missed out of a perfect opportunity as we got out too early. I made 6 pips and I watched this puppy fall big time. Anyway I had lost my rhythm so I waited for an opportunity as I felt that there were so many support levels that it threw me. Hindsight I could see I was wrong. But thatis history and this is now.
Then at 4pm when cable went to 3 pips it tumbled and I went in again and made 10 pips. Darren made 30 as he stayed in longer. So for today I am up 16 pips. I’m also working solely from my laptop and I have to get used to the smaller candles to what I’ve become used to on my desktop.
Darren and I have also learned and its confirmed not to trade just to trade.unless the opportunity is there we don’t hit sell or buy. We have got this down well. Now we have to learn to ride the trades longer and we’ll be in serious profit. I am not concerned as I can see we are very much on our way.We are more relaxed, our approach is very clear and we do not enter trades unless all the signs show us its safe to go in. today was a perfect example with the euro. It showed a sell but the MACD was too horizontal for my liking and so we kept out. Of course once we closed down for the day it plummeted but tomorrow is another day.
We went over our target and you know I am very happy to get out then. I don’t feel the need to jump in and cash in on some more pips. I keep thinking there are many more opportunities like this and we had that shown today us today. We were ready to call it a day with my 6 and Darrens 3 and then cable dived and we went in calmly and I went out when I reached 10 pips.
What really excited me was by this stage the spread was up to 3 and it made no difference to our trading. We wentinto profit immediately and rode it But this is Monday. We have the week ahead of us and I am 16 pips in profit. I feel good. I beat my daily target of 10 yet again. My account isnow running at £1,189. I am still on £3 a pip. Shall I up it to £4?
I feel very comfortable at £3 but I was happy at £4 as well Hope to connect with you soon. Have a great evening. Leigh and I are about to head out and buy grout forour kitchen floor tiles. Then this afternoon its back to basics and working our home I am attaching my proper trading analyser for you to go over Kind regards Desiree
31st October
Dear John
This afternoon I watched a demonstration webinar on the new VT platform version 2. This is very different to the one we have and from what I can gather is that the existing one we have now on our machines will be phasedout. If you have it installed you I presume can continue to use it but obviously if you run into problems support may not be available anymore. If you get new students this is the only platform they will be able to download. The said that they are encouraging all their current users to change over.
Its very good, very user friendly and I like the one click entry to trades.I have not installed it but Iain has and he is really enjoying it. You can also use it on the move. For instance you can install it onto a portable external drive and then pop it into other computers and run it successfully from that drive. And if you are addicted to trading .. Then you can have it on your pda too. Wow weeeee.
Once I have it installed which will hopefully be tonight I'll report back.You are also able to have both the existing VT as well as the new one on your machine. It will not overwrite the old one. Iain has a question for you. He is not that keen on Worldspreads and prefers to open an account with VT. I still think he should open one with Worldspreads. My question is will he have to pay tax in this country on his wins seeing this is also trading with a spread? Kind regards from a freezing Perth. Desiree
Great Report Yes Definitly to £4 - Going back to UK today Run out of StockJB
This afternoon I watched a demonstration webinar on the new VT platform version 2. This is very different to the one we have and from what I can gather is that the existing one we have now on our machines will be phasedout. If you have it installed you I presume can continue to use it but obviously if you run into problems support may not be available anymore. If you get new students this is the only platform they will be able to download. The said that they are encouraging all their current users to change over.
Its very good, very user friendly and I like the one click entry to trades.I have not installed it but Iain has and he is really enjoying it. You can also use it on the move. For instance you can install it onto a portable external drive and then pop it into other computers and run it successfully from that drive. And if you are addicted to trading .. Then you can have it on your pda too. Wow weeeee.
Once I have it installed which will hopefully be tonight I'll report back.You are also able to have both the existing VT as well as the new one on your machine. It will not overwrite the old one. Iain has a question for you. He is not that keen on Worldspreads and prefers to open an account with VT. I still think he should open one with Worldspreads. My question is will he have to pay tax in this country on his wins seeing this is also trading with a spread? Kind regards from a freezing Perth. Desiree
Great Report Yes Definitly to £4 - Going back to UK today Run out of StockJB
31st October
From Darren
Hi John it has been another profitable week but only just. I managed to finish the week £101 up. My analyzer is attached to this email. I had a interesting conversation with Desiree today and we both believe that the 1minute chart is cutting us to shreds. The both of us make a great team and we both have a serious aim to pack up the day job and do this thing full time. I feel that the passion is there and that's why I believe you invest alot of time into us because you see it also.
Next week we are going to be concentrating on the 5minute chart. Trading is a serious business as you know and I believe the returns are alot more serious when looking at this chart without being cut to shreds. I believe the same rules apply about trailing your stops as I know it is important to control my losses.
I don't want to have fast returns but simply want to end each week in consistent healthy profit. Hopefully on Monday or at some point during early next week we can look into making sure myself and Desiree have the correct approach for this style of trading. Please let me know what you think.
This weeks trades start from No. 162
Warm regards - Darren Benjamin
Hi John it has been another profitable week but only just. I managed to finish the week £101 up. My analyzer is attached to this email. I had a interesting conversation with Desiree today and we both believe that the 1minute chart is cutting us to shreds. The both of us make a great team and we both have a serious aim to pack up the day job and do this thing full time. I feel that the passion is there and that's why I believe you invest alot of time into us because you see it also.
Next week we are going to be concentrating on the 5minute chart. Trading is a serious business as you know and I believe the returns are alot more serious when looking at this chart without being cut to shreds. I believe the same rules apply about trailing your stops as I know it is important to control my losses.
I don't want to have fast returns but simply want to end each week in consistent healthy profit. Hopefully on Monday or at some point during early next week we can look into making sure myself and Desiree have the correct approach for this style of trading. Please let me know what you think.
This weeks trades start from No. 162
Warm regards - Darren Benjamin
30th October
Hi John
I’m so glad we connected this morning on Skype. Today was a good day. I traded £3 a pip and I never made a single loss. I set my stop at 20 but my mental stop at around 15. At one point it went to 19 but I hung in there and then I rose right up and I bagged 10 pips. That was my final trade of the day. I made 26 pips. I felt in control, a lot more relaxed but the first trade of the day is always nerve wracking till I get into the zone properly.
I only traded after I’d checked out the 5 minute chart and was happy to go in. I never opened the 1 minute at all and depended only on the 5 minute. I have to learn to let my trades run but this is early days. I’m back to what I did on the demo and it feels good. Also John with the demo I didn’t stop at 10 or 20. but today when I had reached my daily target of £60 which is what the company pays me I was happy to stop.
It takes 20 pips on £3 to get to my £60 a day but next week if you feel I should I will go up to £4 a pip. Obviously my stop will be shorter but these are very manageable amounts to handle and if I had to lose 20 pips I’d not be breaking the bank.
Darren and Iain get chatting on Skype and the two will also trade together I think. Darren has a similar nature to Iain and I think the three of us will learn together. I fly to the States on Sunday and then Leigh will join the chats on Skype to Darren and we’ll conference call while trading. This was the best idea to get Darren and I to trade together. We’ve bothlearned so much this past week. What is also good is we balance each otherwhen greed, fear and revenge want to strike.
There were some lovely gains to be made after we reached out targets but seeing we were both on a high we decided all we’d do is give it back. And its ok to get out at 20 or 10 pips. If I can keep this up I’ll make £300 a week soon. I realise its early days and I’ll have off days but as my kitty increases and I increase my £ per pip I’ll be ok.
On an entirely different note. Iain got his results for his masters from Imperial College yesterday and he passed with Merit. I am over the moon with happiness and pride. Now real life starts and he has to find a job but withtoday’s climate being as it is I am so glad he’s got into trading.
WatchingDarren who is very similar in age to Iain (4 years older), chatting together on Skype today I feel that’s a good intro I made there. Have a great day. I’m off to brave the cold and do some shopping for the weekend. I’ll be in touch re the possible new clients Thank you so much. I think you have changed my life. Kind regards Desiree
I’m so glad we connected this morning on Skype. Today was a good day. I traded £3 a pip and I never made a single loss. I set my stop at 20 but my mental stop at around 15. At one point it went to 19 but I hung in there and then I rose right up and I bagged 10 pips. That was my final trade of the day. I made 26 pips. I felt in control, a lot more relaxed but the first trade of the day is always nerve wracking till I get into the zone properly.
I only traded after I’d checked out the 5 minute chart and was happy to go in. I never opened the 1 minute at all and depended only on the 5 minute. I have to learn to let my trades run but this is early days. I’m back to what I did on the demo and it feels good. Also John with the demo I didn’t stop at 10 or 20. but today when I had reached my daily target of £60 which is what the company pays me I was happy to stop.
It takes 20 pips on £3 to get to my £60 a day but next week if you feel I should I will go up to £4 a pip. Obviously my stop will be shorter but these are very manageable amounts to handle and if I had to lose 20 pips I’d not be breaking the bank.
Darren and Iain get chatting on Skype and the two will also trade together I think. Darren has a similar nature to Iain and I think the three of us will learn together. I fly to the States on Sunday and then Leigh will join the chats on Skype to Darren and we’ll conference call while trading. This was the best idea to get Darren and I to trade together. We’ve bothlearned so much this past week. What is also good is we balance each otherwhen greed, fear and revenge want to strike.
There were some lovely gains to be made after we reached out targets but seeing we were both on a high we decided all we’d do is give it back. And its ok to get out at 20 or 10 pips. If I can keep this up I’ll make £300 a week soon. I realise its early days and I’ll have off days but as my kitty increases and I increase my £ per pip I’ll be ok.
On an entirely different note. Iain got his results for his masters from Imperial College yesterday and he passed with Merit. I am over the moon with happiness and pride. Now real life starts and he has to find a job but withtoday’s climate being as it is I am so glad he’s got into trading.
WatchingDarren who is very similar in age to Iain (4 years older), chatting together on Skype today I feel that’s a good intro I made there. Have a great day. I’m off to brave the cold and do some shopping for the weekend. I’ll be in touch re the possible new clients Thank you so much. I think you have changed my life. Kind regards Desiree
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