Hi Aussie Rob and team.....Some feedback that you might like to use in your newsletter. After a couple of mixed weeks with Forex where there were quite a number of braided charts, I have persisted in taking my trades and have reaped the rewards. I have learnt so much in what is now my second month of live Forex trading. I really enjoy listening to Craig Jervis and his support is invaluable in terms of keeping your head on the level, but the best support I get is from my trading buddies, and of course your customer support team. Last week, I had to re-format my computers hard drive and reinstall ARLT 6.0, all whilst I was in live trades. Customer service were great...they got back to me very quickly and re-set my password so that I could continue to check to see what the lines were doing.....so a big thankyou to all concerned. My trading buddies, continue to be a great source of feedback and encouragement. It is easy when things are going well, but it can be a bit lonely when the market is trying to decide which way it wants to go and you are taking a few losses. It is here that your buddies can really help with your focus, and reinforcement of the key concepts. I strongly encourage all new traders to get some buddies and learn from their experiences and to share some of your own.

I have a buddy in Perth, one in Woollongong, one in Brisbane and two in Melbourne. Glenn Van Ooran in WA has also been a great help, and gave me a really useful gem in terms of support and resistance pivot points and their possible impact when you are looking to place a trade.....thanks Glenn! That little bit of assistance helped me to identify an early entry into a GBP/JPY trade, along with the blue area of the ARLT 6.0 platform, which has netted me over $3000 in that trade alone....all in 2 days! A tip from another buddy (Randy...AR's nickname for him) was to place two "half" lots instead of one full lot...that way, when your trade is going well you can some of the profit off the table and let the other trade run...thanks Randy...I have taken $1500 off the table with my first half lot, and the second lot has just headed past $2000. A tip from Dennis that he picked up from the Sydney traders club, was that the Thursday before the second last Friday of the options expiry month, is a good day to place your spreads, because of the time decay that occurs coming up to the weekend, and that the market makers might actually start to narrow spreads on the Fridays before the weekend. So, I have benefited from a buddy who went to a traders club that wasn't even in my state. So whilst I have made a lot of money on Forex this month, I have gained even more in terms of the support I have received from my buddies.......It's my shout next time we catch up.

Regards,
Dave McCulloch
Feb 08