His(my)Story, Part 5

Before I start wrapping up the total mind dump that is this autoshitography. let me advise you to head off to the NNFX website and YouTube channel and perform some light reading/watching/listening. When it comes to learning Dorex, it is the single most invaluable resource you could have to hand, and I wish it had been around back in 2015. Might have saved me a couple of grand.

The missing puzzle piece for my system building was not treating my systems for what they were – mathematical combinations of probability. I saw them as living, breathing analysis machines who were as good as the professional traders sitting up in their steel edifices, and that those edifices all used the same equations, the same calculations to power their trading.

A chance encounter with a video on YouTube changed all that.

This one.

What it explained to me about Big Banks and how they control, pressure and manipulate price was invaluable. No amount of indicators you place onto a chart are going to tell you what the banks have planned. They have liquidity available beyond your understanding, and when your system is prized to strike… they already know.

They’re going to take your money. They took mine, almost everytime.

My whole outlook on Forex changed, and I spent the spring and summer of 2019 studying the NNFX material, learning more about indicators, systems, processes and the so-called “Smart Money” than I ever had before. Even though I didn’t entirely agree with the algorithim layout and adapted it to suit my own trading approach, I came to the following conclusions:

  1. Everything – EVERYTHING – you do in Forex needs to have the goal of not losing money. Winning is a bonus. Not losing is the goal.
  2. Everything – EVERYTHING – you do in Forex needs to follow the movements of the Big Banks. Getting on their bandwagon is the only way to win consistently.
  3. If you have indicators in a single timeframe, those indicators need to be using a lot of information sources to be a fair reflection of what’s going on.
  4. Use MTF analysis. You cannot possibly know what’s going on in the larger context by looking at your preferred entry timeframe, especially if your preferred entry timeframe is a small one and therefore susceptible to market noise.
  5. Any confirmation indicators you have need to be tested and retested again and again and again. Independently and as part of a full system. They are the most important part of your entry process by far.
  6. Constantly develop and adapt your system. Find ways to further eliminate losses. Find ways to plug it into other markets.
  7. And finally – know your targets, know your stops, and stick to them. You can’t win if you let the market run off and not pay attention.

The more I built up a system to resemble a mathematical equation that gave me the best possible entries, the more I started to win. I wasn’t consistent and constant, but when my wins started to run, they really started to run.

Me, trying to figure out how moving averages work.

Unfortunately, whilst my trading life was starting to progress and excel, my home life wasn’t. My new wife was starting to show a bit more of her true colours now that we had moved in together and the way she spoke to me and the kids at times had become, in my view, nothing short of verbal abuse. She has told me multiple times about the verbal and physical abuse she suffered as a child, and how she would never do this to her own children, but equally telling your own kid that you’re going to smash his head against the toilet seat because he’s pissed on the floor by accident and not cleaned it up is… really the exact opposite of that. The day she said that is the day my love for her become hollow. Even if things do change, I’m not sure my feelings for her will come back.

I’m inbetween a rock and a hard place in that sense. I know if I leave these children will suffer financially and mentally, so if I am going to act on my feelings, I need to create a financial cushion through trading that I can provide to both my wife and those kids. At the same time, my patience to sit by and listen to the abuse is rapidly diminishing. I’m not in a position where I could offer much financial support, certainly not as much as I’d like.

I guess it’s a case of what will snap first. Right now, I’ve got a mask on.

And so going into 2020, that’s where we are. I have an algorithim which is running profitably, but one I can improve. By the same measure, I’m in a race to keep my sanity, protect my children, and leave a woman I’m growing to intensely dislike before it’s too late. My initial motivation was to provide for my family. Now it’s to escape whilst leaving enough for my family to survive on.

Life sure is fun, isn’t it?

Sorry for the warts and all story that wasn’t entirely about trading, but it’s important that we all understand our motivations in this game. I guess that’s an extra rule to my 7 above!

That’s the last part of my tale anyway. From here on out, it’s just trading stories, reviews, analysis and maybe the odd occasional anecdote. I set this blog up because really, it’s my only outlet for expressing my trading journey anonymously. Social media really ISN’T a good idea to recount your steps on – someone will always filter it. At least here, I’m in control.

And let me assure you – I will be in control of my trading. Never give up.

Special: Emergency Analysis!

Yes, yes, I know what I said. Stick to the plan. However, I’ve noticed something over the past 2 days of trading, especially today, that has concerned me about my algorithm and I need to do some emergency analysis so I can unwind and unpick my thoughts.

Those thoughts being “Fuck, I might have accidentally made a system that works in ranges instead of trends.”

The only signal I got that matched all criteria today was this one on CADCHF. The trade was taken long at the start of the first white line, and hit my TP concluding the action on the second white line (at the upper red horizontal line, which was very close to the extreme of that move). As you can see the market proceeded to course down. If my target had been a couple more pips stretched out, it would’ve been a losing trade.

Additional to this is how the signal was generated out of a period of consolidation. I have also investigated my 5 trades from yesterday (4 break evens, 1 win). All bar one were showing similar consolidation/deceleration patterns, and the one that didn’t wasn’t even the winning trade. Yesterday’s winning short trade on USDCAD runs for a little more making it a much more comfortable success, but then enters another consolidation before very firmly breaking out long today.

I have seen plenty of signals today that match the trend aspects but haven’t qualified on the basis of price action, or momentum, or both. These ones seem to already be running in a trend or mini-trend direction.

I will say, if I have a winning system I am not particularly concerned by the idea of my system only working in ranges. However when the winning margins are so slight it is deeply concerning. A few pips out on either trade and I could be talking to you today with a 10% loss, not a 10% gain for the week.

I do not expect to be able to trade tomorrow due to work, which might be a good thing. I’m going to check in on signals as best I can and try to assign lines to entries that would qualify if my price action rules were reversed tomorrow. None of the maths, just a simple horizontal line to say “yes, this is an entry”. Then hopefully with as much data as possible I can assess the situation tomorrow night. Even if I have time to trade tomorrow, actively pumping money into the game on the back of this analysis would be really, really stupid.

Obviously, a trend following system or algorithm in a range is going to struggle and vice versa. The importance is identifying that the market is in that position and not taking those signals there and then. However, if I am missing trends yet have a system that if followed correctly can identify consolidation periods, it stands to reason that the profits gained in the trends would outweigh the difficulties suffered in ranges. Theory’s a fine thing.

Trading never stops, does it?

CountDown – 6th to 10th January 2020

I think it’s time to start the trading year. This kinda goes against what I want to practice (in terms of needing smart money in the market to want to trade, which it won’t be for another week or so) but also, I have some new ideas to test on my algorithim.

So – what’s occuring?

Well, I’m trialling a new entry method. My current method is powerful but repaints, and is also a propitiatory indicator with no open source version. If I wanted to modify my entries in some way, I’d have significant trouble – and you never know when support for this kind of indicator is going to die off entirely. It makes sense to find something more understandable that gives entry signals. I’ll run both algorithms together to see what gets taken and what doesn’t.

I’ve added a stochastic from nanningbob’s 10.7 system over at Stevehopwoodforex, known as STO7. This stochastic has a very specific setting (7, 2, 2) but also carries a setting for higher timeframes of 2, 1, 1. It’s the higher timeframes I’ll be looking at – for now, the D1 and W1. When both are aligned (and all other elements of the algorithim line up), the trade is taken, and vice versa.

My decision to add this has been the result of a lot of work over the Christmas holidays where I devised 26 alternative strategies for my current rules to help me filter out bad trends. You know, instead of playing with the kids. I will clarify these and the process in a later post, but the abridged version for now from those I was able to backtest, the STO7 kept me out of a bad trade in the last full trading week of December but put me in two winning trades.

Highly scientific, I know, but deep backtesting is a largely pointless pursuit. My backtest to put the system into a forward test was entirely based on “will it keep me in these two good ones and out of this bad one”. It did. Therefore, it’s in for forwarding testing.

I’m also weighing up a future idea of just trading the overlap between the US open and the London close as this is by far the most liquid period, but I think for this week we’ll stick to a full calendar. Just might be something I pick up and consider as results from the two different sessions occur.

What about the markets themselves then?

As always we need a news analysis. Major market news looks as follows (GMT times):

6th Jan 3pm – ISM Non-Manufacturing PMI (USD)
8th Jan 12:30am – Buildiding Approvals m/m (AUD)
8th Jan 1:15pm – ADP Non-Farm Employment Change (USD)
9th Jan 12:30am – Trade Balance (AUD)
9th Jan 12:30pm – ECB Monetary Policy Meeting Accounts (EUR)
10th Jan 12:30am – Retail Sales m/m (AUD)

Although all of these are major news angles, it’s pretty light up to this point and I’m not expecting much in the way of direction changing reports. As usual, stay out of the times around the high impact news but don’t let a good signal go once the market has settled again.

The afternoon of 10th January, on the other hand, has quite a bit of high impact news releases planned for the afternoon with the North American currencies so I’m probably looking to avoid trading much past lunchtime GMT. Nice early end to the week in general.

As far as fundamentals go, there is a big, BIG one coming up on January 6th and that would be Trump’s Senate trial starting up. It’s not likely that Trump will be chucked out of office thanks to Republican control of the Senate, but watch events and affairs carefully and don’t be afraid to yank yourself out of USD positions if things start getting choppy.

Heh, yeah, and… if you hear a snip of Brexit news check on your EUR and GBP pairs. As ever it could go either way.

Finally, a question that any professional trader should not have to answer, but I do. When will I be trading?

The optimum answer would be whenever there’s liquidity in the market, but unfortunately I have one of those day job things so the life of a day trader filled with Ferraris and bagels isn’t quite mine yet. That said, my job can be quite cushy. As I’ve said elsewhere, I’m a digital trainer, so if I’m not delivering a course, workshop or one-to-one I’m usually developing course materials or admin on my own, and those are the times I can trade best.

The first week back after Christmas is always quite light, so Monday and at least some of Tuesday will be open for me to trade. However, Wednesday I’ve got one of those horrible all-day meeting’s about how 2020 will go (the same as 2019 went, what’s the point?). Thursday’s an in-and-out kind of day – some delivery, some admin, so I’ll take my pick as best I can. Finally, Friday I’ll be delivering all morning – and given the avalanche of high impact news at mid-day, I think I might be better off not taking a trade at all.

Must go. The missus has decided I am to blame for one of the kid’s touchpads on their laptops isn’t working. Of course. It’s got nothing to do with the kids accidentally pressing Fn+F7 together. Of course.

Fucking twat.

Good trading everybody!

My Trading Journal – An Overview

Everyone should have a trading journal.

Hey, you, asshole! Yeah, you! Do you have a trading journal?

I don’t care if you’re not trading. You should have a trading journal.

Don’t worry, I’m not expecting you to write the next big Diary of Adrian Mole or anything. Trading journals are literally when did you open your trade, why did you open your trade, what did you do with your trade, and repeat all of those questions for a close.

The benefits are pretty obvious. You’ve got context for each trade. You can see very specifically when you’ve screwed up. You can log the trades you would’ve taken but couldn’t for whatever reason. You can log trades taken in error and see how they perform or didn’t (and this particularly could lead to an entirely different trading strategy you never even saw originally). You can wrap everything up in statistics to give you better guidance.

There’s a lot of things you can do with a trading journal. Even better, they’re very little work to set up and only require a few minutes a day to update (depending entirely on how many trades you’ve taken). Trading journals are quite specific though – there’s no point you using mine if you trade in an entirely different way to me, as I’m going to have a bunch of columns and data to enter different to your strategy.

I’m going to show you mine as a sample and even offer it for download as an Excel spreadsheet but you should still build your own from scratch. In short, do some work, you work… shy… slacker. Bastard.

Let’s start with the basics that every trading journal should have.

Entry # – Pretty obvious really.
Date – Pretty obvious really.
Time – sigh
Instrument – Hooray! Actually something that might not insult your intelligence. This would be the pair you are trading on. e.g. GBPJPY
Direction – Is this trade a long or short?
Entry Price – What price was this trade officially taken at by your broker
Initial Stop Loss – What price did you place your initial stop loss (even if you don’t have a stop loss in your system you should still have this in your journal in case you change your system in the future)

If you had a coin flip system with set pip targets for your take profit and stop loss, you could probably get away with this and be done. It’s really that simple.

When your system is a little more complicated, like mine, you ideally need more detail. So, where do we go from here?

You look at your system, and determine the data you want to record from it.

At present, I trade on the 15m and have the following indicators:

  • A trend following indicator on the 15m that provides entry signals
  • An MTF version of the above that provides signal confirmations on the 4h and 1d
  • An exit indicator on the 15m that determines my initial stop and when I start moving my stops/take profits
  • An MTF version of the exit indicator that acts as an MTF confirmation for entries
  • A second confirmation indicator on the 15m that provides a secondary confirmation for my entry
  • An MTF third confirmation indicator that provides a long term trend confirmation for my entries

The things I know about my trend following indicator is that it repaints. In the moment it’s very strong, but it uses a repainting average so weaker signals can disappear (hence the multiple confirmation indicators to back up the indicator that determines my entries). As such, I have no ability to backtest this indicator outside of the alert entries I get. I can’t get much data off this if I’m not looking at it in the moment, so any historical logging is going to be weak at best.

My other indicators, potentially I can see quite a bit of data, but I also have a system where everything has to match. Therefore, any data I get from any of my indicators can’t really influence what I put on my trading journal at this point.

Okay, so none of that needs to be in my trading journal. What about the system though? How do I trade it?

Well, I know I have a stop loss and I know it moves based on my exit indicator. This can be candle-to-candle as well, so it can move quite a bit. So, I want a Final Stop Loss column, and in that, I can have a Pip Difference column to determine the jump between my Initial and Final stops.

I only have one way of exiting my trades at the moment – when the stop is hit – so I don’t need a column detailing what my exit’s triggered by, but I do need a Time of Exit. I can get an average time of trades using that information.

The next colums are all reasonably self-explanatory and all float around the result. Result, Actual Exit Price, Profit in Pips and Profit/Loss are all about getting the individual elements of your bank management/win and loss status committed to history.

The next bit can get a little bit complicated but it’s so important. Percentages. Maximum 100%. Minimum 0%. Perfect, or rock bottom. There is no extension.

% of bank – how much did you risk?
Running % – The running % increase or decrease of your initial deposit during your entire trading
Average trade % – what’s the average gain over time for your strategy?

It’s always worth noting the Recent News column as well, but also put a couple of columns aside to include Commentary and Chart. In commentary, add everything about how the trade changed and evolved and when. Did you change a stop loss, did you cash out a small amount, did you set a TP, was their an abnormal pip movement or change to one of your indicator’s status readings etc etc. This information will help you develop your strategy further in the future if you can find one or two things that keep happening in ways you aren’t expecting.

For those extra complicated trades, you can also include the screenshot of a chart so that things make sense when you look back on them in visual form.

So, there you go. My trading journal constantly evolves and this is just one part and one form of it – so should yours. Mine is available for download here as an Excel template in really basic form, but do develop your own. It’s important that you’re keeping the right data that’s going to help your own trading.

Fresh Start

So, you’ve woken up and discovered the terrible truth that you’re still on this hellhole of a planet and you’ve and stumbled into 2020.

Just… kill me now. But, I guess whilst we’re here, we may as well try and do something with it.

I do all my best thinking in the shower, and sometimes my best wanking as well. Given I’ve just gotten out I’m both proud and disappointed in equal amounts to state that in this case, it’s best thinking, about my trading and where to take this blog.

As of next week, I’ll be back up to relative trading full speed. The markets should start to see liquidity from the banks again as everyone comes back to work and tries to pull apart all the financial news that came from Christmas, and as the business news from Christmas retail sales and failures come through, so will come the first big impact to stocks and currencies alike.

Sometimes I wish this dispensed acid.

So, I’ve got quite a few articles I want to write to flesh out the content I’m delivering here a bit more, but also I’ll be starting to publicly monitor my trades here too, which was the whole point of this place from the start.

Let’s talk about how that’s going to look around here for the next month.

Fridays and weekends will feature both a preview of how I see the upcoming week and a roundup of trades from the previous week. Wednesdays and Saturdays will feature a variety of articles about both general trading and things more specific to me – breaking down my algorithim, my trading journal, things that I can share with you and you can hopefully contribute to and use, and reviews of existing trading systems and indicators and where they might plug in to both yours and my trading.

Hopefully by writing this for your pleasure, I can enhance my business too.

On February 1st, I’ll be reviewing this style and seeing if it’s worked out – and if I can keep up that kind of production level. Might be a big ask!

Onwards to next week!

Happy New Year – Let’s Go Get It!

Nope, I’m not tapping this out on my phone at midnight thinking about my almost non-existent readership as we start 2020 (I actually scheduled this post on the 22nd December, huehuehue).

But! I do care about you all making money, so this is the year we’re going to do it.

As far as I’m concerned, this is how I’ve finished off this year:

I’ll be damned if I’m repeating the same thing at the end of 2020.

Let’s go get it. Together.

Happy New Year.

His(my)Story, Part 4

I have an addictive personality. It’s fuelled by the need to be the best that I can be. I’m totally fine with losing, but I’m not okay with losing when I know there’s more in the tank. If I give up on something, it’s only ever temporary. So a massive cash injection gave me the fuel I needed to go deep.

My new job did not afford me the time to daytrade lose money every hour of the day, so I had to start looking at the daily timeframe. This was something of a revelation to me – those market spikes evaporated from the chart, trades seemed able to run longer, and I gained a whole new perspective from position size and risk management. Although I was not particularly any better at making money, I was starting to design my own systems that obeyed consistent rules and didn’t blow banks all in one go.

My bank manager would be so proud (or probably doesn’t care because I doubt he earns a single penny off my bullshit account)

However I was tired. Tired of searching for reasons why indicators weren’t working the way they promised. Tired of searching for third party junk that may or may not repaint a chart in its own way. Tired of still losing money. I’d made such a huge leap forward in terms of my understanding of market mechanics and trading psychology, but it hadn’t particularly made me any better.

I needed a break. Metatrader was uninstalled, and for a while it seemed like it might be the last time. Or so I thought.

Everything changed in 2017. Like, literally everything. I had a new job – one I actually liked – and a chance encounter that led to a chance relationship brought me back to the fold a few years later. The object of my affection was a single mum living in a far flung location. All of a sudden single life on a single man’s wage was no longer really viable. Gee, who knew?

I don’t know what my thought process was at the time to be honest. Probably infatuation? When you start thinking with your dick, your dick starts thinking for you. It wanted vagina, lubricant, handjobs and, I can only assume, with the general lack of attention I’d given it during “The Depression Years” it made an educated guess I was paying for the privilege. Therefore, the answer to this equation was…

Having had a year off, I was pleasantly surprised to find I was adopting a more considered approach. A couple of other forums and websites had come to prominence since my temporary retirement/massive paddy, and they had some proprietary indicators of their own that picked out market conditions with much greater accuracy than before.

Profits were coming in, but they were inconsistent and my accounts tended to hover around break even. Something was still missing.

Enter 2019. Enter… NNFX.

(just one more part guys, honest)

The Art of Charts

Disclaimer: If you do any of the things I’m about to shit on and make a profit from it, muzzeltof to you, keep going. However, my commentary is my opinion and is presented as such.

Doesn’t Forex look boring to an outsider? There’s no way to make a set of quotes or chart sexy. In fact, when it comes to Forex and numbers the only thing that’s going to look sexy is that P/L sheet being green (or in MT4 Mobile’s case, blue for some reason). Hardly artistic.

You can certainly blind people by dumping a bunch of indicators on your account and calling it a science though.

I need a PhD in Bullshit to understand this bollocks

Even Picasso’s paintings make more sense than some systems. Things start to get a bit confusing when you have more than 4 or 5 indicators on-screen, let alone multiple indicators that straddle the same types.

Let’s cover the obvious advantages to a clean chart first:

#1 Nothing but price action present. Ultimately price action in our favour is what we want so being able to see the price bend in any direction clearly is, of course, an advantage.

#2 We can paint the key action in our chart any way we want to. If we see anything on the chart that we like the look of, in any half decent charting package, we can paint a vertical line, horizontal line, rectangle, triangle, rhombus, penis, whatever we want that fits our model and trade with that information accordingly.

#3 We can identify candle pattern. Lots of strategies use patterns which follow distinct and clear repeatable models, such as inside bars, or double tops and bottoms. With that information we can effectively trade those positions with minimal risk as well, and our entries are very clear.

“The only way to trade is with a clean chart.”

In a word – total bollocks. Wait, that’s two words. Fuck.

As VP of NNFX has said previously, Forex operates very differently to every other tradable market. There’s virtually no chance of a market being saturated or hitting a lack of supply with Forex. As such there’s no danger of supply and demand being an actual thing.

Therefore – what is the point of supply and demand? What is the point of trendlines (which are intended to follow a market up or down and act as a mobile point of support or resistance)? What is the point of observing price action that tells us nothing about the future?

These tools of course have relevancy, but they have relevancy in the market that they were created for. Trying to form-fit an equation or concept developed for a completely different type of market is going to give you a false impression, and likewise with drawing these things yourself. Trendline breakouts don’t work without further confirmation, and even then not frequently. Supply and demand can be used as a sign of a resistance point in the market, but even that only really extends as far as “when is the smart money at that point going to be withdrawn and let the pair run”.

Don’t get me wrong, it’s not like indicators and technical trading can tell us the future either. Every single equation is only a reflection over what’s happened over a period of time. However, they can show us which way a pair looks like it’s travelling, and when combined with multiple pairs that show us what a single currency might be doing, I truly believe in the power they can show over fundamental analysis that I perform myself (and the confirmation bias that comes with that).

A bit closer to where we want to be, although still using a ton of useless tools

So, how do we make a clutter-free chart with indicators and what’s the benefit?

Let’s start by assessing what kind of indicators are out there.

  • Trend indicators. Indicators that confirm a trend is starting or happening.
  • Momentum indicators. Indicators that confirm how quickly the market is moving.
  • Confirmation indicator. Indicators that confirm our main indicators are telling the truth, to the best of their knowledge.
  • Volume and Volatility indicators. Indicators that tell us how much liquidity has been put into the market and backing any potential move.
  • Overbought/Oversold indicators. Controversial, but they exist. Markets that suggest the current market position is reaching its top or bottom (for these kind of indicators, you want to concentrate on trend cycles)

From this selection, what do we need? Realistically, only one of each (perhaps two confirmation indicators).

Think about it. Having more than one trend indicator not only matches two indicators which separate rules, but very likely separate settings as well. If the best results for each indicator run across different periods, what on Earth is that telling us? We may as well just flip a damn coin. The lack of accuracy grows when you consider volume indicators. These engimas are already hard to get a read on – why complicate the issue by including two or more?

When we’re developing an algorithim, if we’re building it in the NNFX style, we’re looking for 6 indicators at most. It’s just easier to follow and even more key, it’s easier to demonstrate. As traders, we tend to talk a lot about our success and not a lot about our failings because it’s a tough industry to ask for help in. It becomes a lot easier to collaboratively develop and discuss strategies and approaches when you can point out particular successes on your chart.

The ultimate benefit to a clutter-free chart is the same ultimate benefit as an indicator-free chart – we can clearly see all of our signals without them popping up in the way of the price action. As long as we can take a glance at our chart and confirm yes/no without needing to dive into the inner workings of the market or our indicators, then our chart is going to look beautiful by default.

Most importantly, a clutter-free chart with a functioning algorithim that delivers high probability trades might still not look sexy, but the money it generates will put food in your belly and roof over your head. What looks better than that?

His(my)Story, Part 3

“I’m really sorry. Financially we just can’t carry on.”

I joined the company as a ground level customer service grunt in 2001. It was my second job and finally the one that was going to use my skillset. They were a web design outfit (in the loosest possible sense of the word) offering one of those DIY web builders that were all the rage during the dot-com bubble. That’s right, a dot-com bubble business after the bubble had burst. Probably needs to tell you everything you know.

A myriad of things happened out of my control that led to me staying in that position, always one step away from being let go, always being the guy no one could rely on. I’m not ignorant of my failings and will always throw my hands up when I’ve fucked up, but most of the time my fuck ups were I was breathing and existing. I don’t think I need to tell anyone what the impact was on my mental health.

However, a strange thing happened. The company started to die as other technologies leapt past its put-together-with-wallpaper-paste-and-running-on-compromised-Windows2k-boxes and customers started leaving in droves with the time honoured “fuck this shit I’m out” approach. Whilst others were losing hours and jobs, I was static. No one even noticed how little I contributed. When the company was sold off to an investor looking for a DIY web builder extension to their core business, I was part of the package.

It was utterly bizarre and taught me that if you stay out of anyone’s sight, nothing bad can personally happen to you. Advice I have in no way, shape or form listened to ever since. Unfortunately the new owners were savvy. They knew they’d bought an untamable monster very soon into their tenure. At that point the writing was on the wall.

Artists impression of the moment the new owners realised they’d fucked up

So why have I told you all this, when it has nothing to do with forex? Well, due to the length of my service and the appreciated but very misguided boost in pay the new stewardship had given me, I had a redundancy package valued at thousands of pounds.

What do you think the vast majority of that went on, I wonder?

Hint: it was not chocolate cake.

Merry Christmas traders!

Enjoy it with your family, friends, pets, loved ones, whoever’s around. If you don’t have anyone, go find someone, even if they’re online in a chatroom or on social media. No one should be alone at Christmas.

Do your best to not be complete addicts this holiday season. Remember, although the markets are open again from the 27th, the banks won’t be truly back in the game until the New Year. With no smart money, don’t expect things to work the same as they usually do!

Plenty more content to come over the next few days and weeks. See you soon.