First trade was exited at 16206 after the 1200 (midday) candle broke the high of 16200 of the previous candle giving us 140 pips profit which equates to a £70 gain or 70%. Wouldn't it be nice if they were all like this!

Open Bal £100

P&L +£70

Close Bal £170

And we're off.

1st trade in the ETX account

Short at 16346 stoploss 16366 size 0.5 (50p)

Short of 7am IB 16349-16382

below 6am open and 50ma

Nice break lower from Cable and we were never really in any drawdown.

The high of the 9am candle is 16242 so i have moved the stop down to 16256, hoping 16250 will act as resistance. Still should be 90 pips locked in, not bad for a 20 pip risk!

Nothing so far today even though Cable has had a good move.

There was a fairly dubious looking Pin at 6am and the 10am was shaping up to be a good Inside Bar but rallied to 1 point above the last hour in the last few minutes. Maybe i should've still taken it but it also meant an IB points which is at the larger scale for them and would maybe mean the move has already plated out.

Would have been stopped out now anyway.

I have opened an account with ETX capital and they fund the account with £100 so i'm going to try and trade this up using DIBs and also pin bars.

THE RULES

TRADING RULES

• Breakouts of Inside bars and Pin bars.
• In direction of the day which will be decided by taking the open of the 6am bar on my chart.
• Long above 50 period Moving average, shorts below 50ma.

MONEY MANAGEMENT

• Stop losses will be 20 points from entry
• once 30 points in profit i will move my stoploss to entry. (amended from 40)
  
• Stoploss wil be trailed a few points above(short) or below (long) the the high or low of each 1hour candle.
• I will initially risk £10 per trade, or 10% as the account is only funded with the free £100 from ETX, this will be reviewed as the account grows.

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I'll try and post a proper update tomorrow

Todays 6am open is 14991
Looks like we may have the first trade of the week.
The 7am bar was 14990 - 15091
The 8am bar was 15021 - 15091
So we will place a buy stop at 15095
stoploss at 15017
We are willing to risk 3% of our account balance of $13542.15 which is $406.26 we will buy 5.2 contracts ( 406.26/78 = 5.2)
If the trade is not entered by 10am i will cancel the order.
I doubt whether this trade will turn out to be our most profitable as i can't see a massive break to the upside from 150 but you never know, that's why we'll put the trade on with our stops in place and see what happens.
Trade cancelled, cable has traded through the open and is now in negative territory....