Again it is a couple of months between updates. As you get older time speeds up. Have been trading at a slower rate than I would have liked. Have been implementing quite a refinement to my trading strategy. This is a change that I feel very confident about.

It is all based on the ATR and how much a currency will retrace back before continuing along on its trend. It is about setting what should be the area in which currencies will react and then return to its trend.

Initial results have been promising, although I have not had lots of trades taken in the areas that I am looking for. The ones that have taken have looked good and have made some pips.

Can I retire yet? No! But I believe that every day I am coming closer to my goal of becoming a full time trader. I believe that within the next two years I will be trading on a full time basis.

One problem, and the biggest problem with part time trading is time! I want to make my trading where I look at it at the beginning of the week, work my trades out, and then occasionally look at the charts and do some reassessments and re adjustments during the week, but the majority of work is completed on Sunday evening and Monday mornings.

Work, seems to take over and I do not spend the required amount of time, at the right time to do my homework.

That will be my next project. Organizing my time to ensure my homework is completed on time.

Til next time