18th June

Hi John

Good to talk to you yesterday. I will check my Skype and see what the problem is. I know I don’t have call forwarding so cant imagine why it’s showing me as offline.

I set two traps last night and they both bummed so I think I’ll give that a miss and rather trade what I see. I had to recoup those trades this morning. I kept them small and what I thought was realistic – 20 pip profit. The pair was perfect for setting a trap. Very flat and I set them to kick in 20 pips either side. I think maybe my profit target was too high. If I’m only going for 10 pips it’s not worth taking them. Both were hit and then reversed and took out my stops. I had set trailing stops but they didn’t kick in either as they had not gone up far enough for the trail to kick in.

Today I’m waiting for the EU to hit 4050 before going short. I will take a few longs to get there on a smaller time frame. I have set a sell order for 4050 but will monitor it and adjust accordingly

Apart from that trading has been fun. I’m enjoying looking at basically clean charts and wider time frames. I still have hesitation entering trades but I think it’s not just me. Today was a real beauty on the GU and I could have risked only 20 pips. I think what I need to do is take the decision away from myself and set an order to kick in when the price reaches my target. Attached is my chart and entry I had planned. You can see my trend lines and the fractal support and resistance levels all coincided. I think a perfect entry.

I’ll keep you posted me other trades.

Regards

Desiree

12th June 2009

Hi John

Haven’t seen you online this week. Leigh was here so we spent a lot of time hiking. I did some trading it its going a lot better. I make my 60 to 70 pips a week not trading every day either but I’m hoping to increase that with the coming weeks.

Last week Iain and I went to a Forex workshop in Edinburgh. As it was free I thought it would be interesting to see what they were gong to teach us.

When we got there we saw it was Greg Seckers Knowledge to Go program they were trying to sell. I was a bit miffed as that was clearly not a workshop. Anyway I sat through it and have to admit it was very interesting what they offer. Only 8 attended the ‘workshop’ . At the end of it they gave the price - £4500 for two days which included one on one training afterwards, software and something else which I can’t recall right now. (plus travel and accommodation on top of that).

Then they said because its today they would give it to us for £2900 + VAT. I said to Iain that’s more like the real price. The presenter then started to push folk to sign up (two did) and as I had said I was a trader already I felt it was expensive and I wasn’t about commit to £2900 there and then.

Still no bites then they lowered the price a further £1000. Now we were down to £1799 + Vat. They wanted an immediate £500 down payment. The presentation was good until the end when the sales pitch started. We walked out. Just before the presentation started I overheard the three chaps giving the presentation discuss offering it to us at £2000.

What I found odd was the presenter had been working in this field for over 28 years and he mentioned some impressive institutions he worked with and for yet during the presentation he said he’d worked on a ship for many years. Looking at his age I could see none of this added up. He told us how much he makes yet he has a day job trying to sell this package. I spent the greater part of the 2 hours trying to work out how and when he managed to do all he said

Yesterday the presenter called me. I told him I’m making 60 to 70 pips a week and he asked if I didn’t want to turn them into 1000 pips a week. I said to him ‘listen, let’s cut the bull shit. Your course is expensive, I would rather put this money into my trading account and the e-system you try to sell is a further $120 a month –money you have to make back before you start making a profit’.

He asked me why I came to the presentation and I said because you advertised it as a workshop and if I’d not just driven an hour to get to this workshop I’d have walked out and gone home. I don’t think he expected me to be this blunt. I said if I was a complete newbie I’d certainly consider it as what they offer is good but not at the price they are offering it. I said let me see how I get on with my trading and if I make a complete hash of it then I’ll know where to go to be turned into a good trader.

The chap didn’t have much more to say and clearly knew he was not going to get a sale out of me. Let’s see how long it takes them to call again. I doubt it. Probably have a huge cross next to my name

Apart from that everything is ticking along nicely. Wins are becoming more frequent and losses less.

Have you had good responses to your scalping workshop?

Have a good weekend. It promises to be a lovely one here

Desiree