24th May

Hello John
I have not traded much over the past month due to travelling. Its been so EU and GU going down the pan that when it turned this week it took many of us by surprise and Darren and I shorted as did many traders we trade with. All in all it was a disaster and I learned that it is so easy to get used to a direction and when things change to read the charts and trade what you see and not what you have become used to seeing and that is shorting the pair.

My mindset is really improving all the time and the pips I pick up now are in excess of 10 pips per trade. I need to still learn to get out of winning trades. I am trying to let my winner run and have decided when in a long trade to bag anything over 50 pips. I have three runs of over 50 pips recently and I left them but had I recognised a pin bar on a lower time frame I’d have got out. I’m trying so hard not to look at lower time frames. I never look at the 1m anymore. The lowest has been 15m but I’m feeling very comfortable with the 30m and higher. The longer term trades were entered on the 4h.

I’m using fewer indicators. I have fractal support and resistance, pivots and murry math lines which are super. I draw fibos to see how they coincide with my support and resistance then trade from the support/resistance line. There are a few very good threads on Forex Factory which I have been following. All basically the same – concentrating on support and resistance. Its amazing when one starts trading one relies on so many indicators and as you learn you realise less is better. I’m so enjoying my trading journey.

Leigh has not traded in several months. He sees how much work I put into it and I am not sure if he will go back to trading. I hope he does but I’m not pressurising him as that is a guaranteed killer. You need to feel passionately about trading to succeed. There are so many ups and downs and in the beginning more downs than ups but the exciting thing is the downs get less and less. Some get it sooner than others I think I will take my time.

Ok that is all from me. Regards - Desiree