[dpaterso]

Good (Saturday) morning all!!!

All I can say AGAIN is 'WOW'!!!

Sirkeen:

It is quiet around here I must say (although I can honestly say that the reason I'm not posting of late is because I'm 'trading and concentrating my ar*e off')!!!

Well FINALLY I am able to post results (mainly because GCI does INDEED has some superior reporting features which, unfortuantely, Delta is lacking BIG TIME)!!! The attached graphic is a 'screendump' of my last 30 trades this week. Now it's NOT being posted to 'boast' (although I have to admit I'm pretty proud of myself) i.e. it's being posted so that you can see what is indeed possible using a combination of Pivot Points (RTS Levels) and the SIS on the 1 hour charts.

Now I'm not going to lie to you: it was pretty 'touch and go' the week before i.e. the swings in these markets were giving me a 'whole new set of grey hairs' I can assure you and I cannot honestly say that making these profits was a pleasureable experience i.e. my nerves are 'shot to hell' at the moment and whatever 'sleep pattern' I used to have is no longer. Having said that though: using the 'systems' mentioned I've managed to prosper in an impossible market (so far anyway) so 'take heart'!!!

(By the way: I PAINSTAKINGLY removed the 'Account Number', 'Ticket Number', and 'User' information for security reasons so don't go telling me that the report has been modified because I'm telling you that it HAS been modified to this extent. It must also be mentioned that these are CLOSED trades i.e. actual REALISED profits and losses).

Now you'll notice that I mentioned the 1 hour charts. Yes: can you believe that coming from me??? The reason I've been 'giving this a bash' is that because of the market volatility I believe that the daily charts (for the major indices anyway) are useless at this time i.e. with the Dow moving 700 - 1000 points in a day the last thing you want is a stop order to be executed because of a price spike or because of the volatility and then to be 'wrong' on the trade I assure you. I am also not advocating this 'style' to anyone who cannot do this full time and / or is undercapitalised because you WILL 'see your ar*e'. I have not tried the VSC(1) on any of these trades simple becuase I have not made the required changes to the system for the GCI platform but I will probably add this to my 'style' this coming week to compare results (although, as I have said before, the VSC(1) and the SIS almost always give you the same signals at the same time).

You will ALSO notice that I took some losses. YES LOSSES!!! ME!!! The reason being is that at GCI I cannot use my 'Enron System' i.e. you cannot buy or sell partial lots so using my 'Enron System' at GCI would result in positions being 'perfectly hedged' and, as I've found out the hard way before: these are almost impossible to get out of and, eventually, you end up 'caving in' and realising the loss anyway and by this time you've paid a fortune in interest.

Regarding forex trades: I'm not doing NEARLY as well but it's mainly because I'm not really concentrating i.e. I don't want to 'spread myself too thin' and try to trade too many instruments on different platforms at the same time so I'm sticking to the daily charts for forex pairs but again nothing 'out of the ordinary' is happening.

(I thought I should just mention that my 'clients' don't have to worry about the fact that my forex trades are not being 'nursed' at the moment i.e. the profits made at any and all accounts are all part of the 'kitty' as it were so YES: some of the profits that you see are YOURS)!!!

As far as indicators and systems are concerned: there have been no changes at all to them (other than one or two colors that I changed only because I was getting 'bored' with looking at the same things every day and it gave me something to do between 'hours')!!! One very INTERESTING thing that I have found out though: the Pivot Points that John F. Carter refers to in his book 'Mastering The Trade' are commonly known as 'Floor Pivots' and the calculations differ from 'Standard' or 'Common' Pivot Points. I am using 'Standard' or 'Common' Pivot Points to trade these markets at this time and they seem to be working very well (obviously). The main difference really is that R1 and R2 and S1 and S2 are the same but from there on the levels differ (which ironically is where our HBOP and LBOP levels are i.e. our HBOP and LBOP levels are CLOSER to the Main Pivot than R3 and S3 would 'normally' be which makes me wonder if it's not possible to use BOTH together i.e. sell at HBOP or buy at LBOP but use the 'Standard' or 'Common' Pivot Levels R3 and S3 for stops. Still thinking about this one).

Anyway: have a GREAT week. I really need to catch up on 'R&R' before we 'go into battle' again on Monday!!! At least THIS month I'll have some RESULTS to show again!!!

Regards,

Dale (forexbrokersonline.net).

(PS: WHY do we no longer have 'signatures')???