The Cable Glider entered a short position this morning and is currently showing a small profit. EUR/USD has broken below 1.35 and I’m starting to see more bullish talk on the dollar for the short term. GBP/USD appears to be at channel support on the daily chart, and feels very much like it is waiting until tomorrow morning’s retail sales figure out of the UK before making its next move.
Last month, Cable Glider got whipsawed pretty badly on the British retail sales number, so I’ll be watching closely this month.
Well, it’s day 2 of my full time trading experiment. There’s nothing to report so far, seeing as how the Cable Glider system is idle until tomorrow night. My mind is still adjusting to this concept of not having a job; it’s funny how freedom can be so disorienting.
Since I’ve never taken more than one week off from ANYTHING, I’m declaring a one month vacation. Two weeks at home, and 2+ weeks apartment-sitting for a friend in San Francisco…man, what a sweet deal for me. One way ticket cost me $165. I’ll come back home whenever I am ready. This type of open-ended planning wasn’t really possible while I was holding a day job, so it’s nice to experience the benefits of time freedom immediately.
As for my trading tasks, they are:
1) Confirm that Cable Glider code in Metatrader 4 is correct (today I’m still running live on MT3)
2) Look for other MT4 liquidity providers to spread the risk of having one broker
3) Code cable glider in some general purpose language that can interface with a non-dealing desk API.
In addition, I’ll be looking to create systems that have a low correlation with Cable Glider; no luck so far, but if memory serves me, it took me approximately 6 months of testing and brainstorming before the Cable Glider was born, so I’ll just have to be patient and hope that inspiration strikes.