Hi all,

I am afraid that my plan to take a month off job and focus only on dealing will not go ahead. I am so busy with clients, projects and running a business that i just can’t take one month off. Nice plan though.

I don’t even have much time to check the market on a daily basis. So I have to change my strategy.  So this is what I am going to do for the next trades: Support & Resistance with tight stop loss. The idea is to go with the market. Buy when the FTSE 100 hit a support with 25 points stop loss and sell when the FTSE 100 hit resistance with the same stop loss.

I know that I have said that I don’t like stop loss. And I don’t. But if you don’t have time to follow each tick of the index then you better use them. My plan is quite simple: I will have some losses no doubt, but one winning strike should cover them and create a nice profit.

So here is my order booking:

I will let you know what happen next…