It’s been quite a week so far for GBP/USD and Cable Glider.  We entered long this past Monday morning at 08:30 GMT, and the GBP/USD has been in a nice uptrend ever since.  Cable Glider, being a trend following system, is being a good kid and following the trend.  The stop is currently 111 pips above the open price.  This trade is still open, but it will result in a gain that is large enough to trigger my rule to extract profits from the trading account and move them to the living expense account.  This makes two such trades this month, so I guess I’m getting ahead! 

Cable Glider II (current system) will reach a new equity peak at the close of this trade.

Cable Glider I (original system) may or may not reach a new equity peak at the close of this trade.  If it were to close this second, that system would still be in a roughly 5% drawdown.

As I documented previously, my real trading performance in May was much worse than the Cable Glider’s results.  This fact, coupled with my decision to implement the living expense buffer, has slowed my equity’s recovery, so I am still in a drawdown (somewhere in the neighborhood of 25%…ouch!), but things are looking up and I’m re-gaining confidence in the system.