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Mr FT is a self-employed spread better. After 18 years in fund management he was given the choice of moving to London or .. not. ‘Not’ won out.

FT has been trading full time from home for two years, with nothing but four kids and a beach to distract him .

He fills his spare time with weight training and rugby, though more coaching than playing these days.

FT mostly trades the forex markets and although he plays FTSE on occasions his bread and butter market is £$.

He likes to think that his technique is evolving but still hasn’t the temperament or money to back the big calls. He prefers to trade between 1 and 3 times a day, aiming to take regular small gains, but feels part of the evolution is in not dealing if the conditions don’t feel right.
 Profits Growing In The Sun
Posted by FT on May 13, 2008
Category: Trade Diaries, Shares & Indices, Currencies by FT 5 Comments

How lucky am I? A day of interrupted power supply has coincided with an uninterrupted hot sunny day. And better still, in the limited time at my desk I’ve made money. Wa hey!


Mr FT is a self-employed spread better. After 18 years in fund management he was given the choice of moving to London or .. not. ‘Not’ won out.

FT has been trading full time from home for two years, with nothing but four kids and a beach to distract him .

He fills his spare time with weight training and rugby, though more coaching than playing these days.

FT mostly trades the forex markets and although he plays FTSE on occasions his bread and butter market is £$.

He likes to think that his technique is evolving but still hasn’t the temperament or money to back the big calls. He prefers to trade between 1 and 3 times a day, aiming to take regular small gains, but feels part of the evolution is in not dealing if the conditions don’t feel right.
 The Good, The Bad And The Ironic
Posted by FT on May 12, 2008
Category: Trade Diaries, Shares & Indices, Currencies by FT 4 Comments

Hi folks,
Today’s blog has it all; the good, the bad and the flippin ironic. Trading today spanned the forex and equity markets and ended up with a small profit for my troubles.


Mr FT is a self-employed spread better. After 18 years in fund management he was given the choice of moving to London or .. not. ‘Not’ won out.

FT has been trading full time from home for two years, with nothing but four kids and a beach to distract him .

He fills his spare time with weight training and rugby, though more coaching than playing these days.

FT mostly trades the forex markets and although he plays FTSE on occasions his bread and butter market is £$.

He likes to think that his technique is evolving but still hasn’t the temperament or money to back the big calls. He prefers to trade between 1 and 3 times a day, aiming to take regular small gains, but feels part of the evolution is in not dealing if the conditions don’t feel right.
 Another Bubbly Oil Day
Posted by FT on May 9, 2008
Category: Trade Diaries, Shares & Indices, Currencies, Oil, Gold & Commodities by FT Comment

Another day, another record high in oil. The latest of many scare stories is worrying about Chavez being named a terrorist and the US saying “No thanks” to Venezuelan oil (yeah right). Meanwhile, equities are getting a few reminders that perhaps all the bad news hasn’t gone yet.


Mr FT is a self-employed spread better. After 18 years in fund management he was given the choice of moving to London or .. not. ‘Not’ won out.

FT has been trading full time from home for two years, with nothing but four kids and a beach to distract him .

He fills his spare time with weight training and rugby, though more coaching than playing these days.

FT mostly trades the forex markets and although he plays FTSE on occasions his bread and butter market is £$.

He likes to think that his technique is evolving but still hasn’t the temperament or money to back the big calls. He prefers to trade between 1 and 3 times a day, aiming to take regular small gains, but feels part of the evolution is in not dealing if the conditions don’t feel right.
 Another Failed Relationship
Posted by FT on May 9, 2008
Category: Views & Opinions, Currencies, Oil, Gold & Commodities by FT 1 Comment

Don’t worry, this isn’t another fly-on–the–wall look at Kerry Katona, or Amy Winehouse and the half-dozen blokes she’s ‘made friends with’ while hubby’s been locked up. And it’s not a sporting blog on why Newcastle United just don’t get on with their managers.

I’m taking a look at one of the steadiest relationships over the past year or so, the Dollar and the oil price. The link was so damned good it was almost mechanical, the Dollar fell, the oil price rose; simple.

But over the past couple of weeks the relationship has been as rock solid as Mr and Mrs Ashley Cole’s; the Dollar’s started to feel good about itself and has been going out on its own. The third party in this ménage a trois, gold, has been happy to play its part (If the Dollar was going to be the dominant party then gold would play the weaker role). By contrast, oil has got used to all the attention and doesn’t fancy giving it up for anyone.


Mr FT is a self-employed spread better. After 18 years in fund management he was given the choice of moving to London or .. not. ‘Not’ won out.

FT has been trading full time from home for two years, with nothing but four kids and a beach to distract him .

He fills his spare time with weight training and rugby, though more coaching than playing these days.

FT mostly trades the forex markets and although he plays FTSE on occasions his bread and butter market is £$.

He likes to think that his technique is evolving but still hasn’t the temperament or money to back the big calls. He prefers to trade between 1 and 3 times a day, aiming to take regular small gains, but feels part of the evolution is in not dealing if the conditions don’t feel right.
 Taking A Peek Down Under
Posted by FT on May 8, 2008
Category: Trade Diaries, Currencies by FT 2 Comments

Sorry guys, this isn’t an expose on the latest half-dressed celeb getting out of a car, though there is a little something at the end of this blog. I decided to broaden my horizons and place a non-rugby bet on the land where men are men and sheep have a worried expression (no! New Zealand, not Wales).


Mr FT is a self-employed spread better. After 18 years in fund management he was given the choice of moving to London or .. not. ‘Not’ won out.

FT has been trading full time from home for two years, with nothing but four kids and a beach to distract him .

He fills his spare time with weight training and rugby, though more coaching than playing these days.

FT mostly trades the forex markets and although he plays FTSE on occasions his bread and butter market is £$.

He likes to think that his technique is evolving but still hasn’t the temperament or money to back the big calls. He prefers to trade between 1 and 3 times a day, aiming to take regular small gains, but feels part of the evolution is in not dealing if the conditions don’t feel right.
 Catching Falling Pound Notes
Posted by FT on May 7, 2008
Category: Trade Diaries, Currencies by FT 7 Comments

I wonder what bet size 1000 traders would have needed to get Sterling 200 pips lower. Cos that’s what 1000 bored people in the street managed.

This morning my screens greeted me with a chart of Sterling tanking off; by 7.15 it was already 80 pips from where I left it last night and by half-past nine the rate had dropped to $1.9550.


Mr FT is a self-employed spread better. After 18 years in fund management he was given the choice of moving to London or .. not. ‘Not’ won out.

FT has been trading full time from home for two years, with nothing but four kids and a beach to distract him .

He fills his spare time with weight training and rugby, though more coaching than playing these days.

FT mostly trades the forex markets and although he plays FTSE on occasions his bread and butter market is £$.

He likes to think that his technique is evolving but still hasn’t the temperament or money to back the big calls. He prefers to trade between 1 and 3 times a day, aiming to take regular small gains, but feels part of the evolution is in not dealing if the conditions don’t feel right.
 Watching And Waiting
Posted by FT on May 6, 2008
Category: Trade Diaries, Shares & Indices, Currencies by FT Comment

Today’s been a thinking and watching day. After some of last week’s big moves I’m wary of jumping on the bandwagon. Equally, I’m not confident enough to go against the trend.


Mr FT is a self-employed spread better. After 18 years in fund management he was given the choice of moving to London or .. not. ‘Not’ won out.

FT has been trading full time from home for two years, with nothing but four kids and a beach to distract him .

He fills his spare time with weight training and rugby, though more coaching than playing these days.

FT mostly trades the forex markets and although he plays FTSE on occasions his bread and butter market is £$.

He likes to think that his technique is evolving but still hasn’t the temperament or money to back the big calls. He prefers to trade between 1 and 3 times a day, aiming to take regular small gains, but feels part of the evolution is in not dealing if the conditions don’t feel right.
 A Bit Of Payroll Foreplay
Posted by FT on May 2, 2008
Category: Trade Diaries, Economics, Currencies by FT Comment

I need to change my breakfast time. I tend to spend from 7 till just gone 8 at the desk; it’s useful partly to catch up on the overnight news and views, but also to avoid the pre-school maelstrom. By quarter past eight it’s usually safe to snatch a few Weetabix, but today it was a costly breakfast.


Mr FT is a self-employed spread better. After 18 years in fund management he was given the choice of moving to London or .. not. ‘Not’ won out.

FT has been trading full time from home for two years, with nothing but four kids and a beach to distract him .

He fills his spare time with weight training and rugby, though more coaching than playing these days.

FT mostly trades the forex markets and although he plays FTSE on occasions his bread and butter market is £$.

He likes to think that his technique is evolving but still hasn’t the temperament or money to back the big calls. He prefers to trade between 1 and 3 times a day, aiming to take regular small gains, but feels part of the evolution is in not dealing if the conditions don’t feel right.
 Reasons To Be Cheerful, One, Two, Three-NOT!
Posted by FT on May 1, 2008
Category: Views & Opinions, Economics, Currencies by FT 8 Comments

Morning Folks,
Today’s sunny start wasn’t confined to the big outdoors; the papers were full of it, and not just the Chelsea Echo. So, with Europe closed, and equity markets looking as dull as a James Blunt CD, I decided to have a scratch below the surface of this morning’s headlines.


Garden Gnome spent many years as a small-cap fund manager before his need to to spend more time with his lettuces got the better of him.
GG now spends rainy days trading equities and currencies. He likes to use a combination of technical analysis and news flow to make trading decisions.
 April Non-Farm Payrolls
Posted by Garden Gnome on May 1, 2008
Category: Economics, Currencies, Trades With Legs by Garden Gnome Comment

The grand-daddy of all economic indicators, the US Employment Report, is due at 1330 on Friday. So, whether you are planning to trade or just want to sit back and enjoy the fireworks, here’s a preview.


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