Forex Freedom

Last Post for David-Aw.Blogspot.Com

noreply@blogger.com (Uncle David) — Wed, 11 Jan 2012 16:15:00 +0000

My loyal subscribers This is David I just need to let you know I'll be diverting all incoming traffic to my new blog at

www.TradeForex4Freedom.com

So if you guys do respond please subscribe on my new blog to get updates. I have about 53 posts all of which are unique in contents with some how tos and insights on market dynamic.

I thank you again.

Regards

David

Goal to Earn 10% per month | Day 2

noreply@blogger.com (Uncle David) — Tue, 08 Nov 2011 17:12:00 +0000

There is no trade coming from Fapturbo v54 as I forgotten to keep it on. However on eToro both traders has generate at least 1.6% on my $500 dollar account. So from today until end of this month we still have at least 8.4% to go.
Sounds non familiar to you. Can look at the passive income generator page to learn more about what I am trying to say.

Regards
David Aw

Goal to Earn 10% per month | Day 1

noreply@blogger.com (Uncle David) — Mon, 07 Nov 2011 02:32:00 +0000

There is no trade coming from Fapturbo v54. However on eToro both traders has generate at least 1% on my $500 dollar account. So from today until end of this month we still have at least 9% to go.
Sounds non familiar to you. Can look at the passive income generator page to learn more about what I am trying to say.

Regards
David Aw

This is to my subscribers

noreply@blogger.com (Uncle David) — Tue, 25 Oct 2011 23:09:00 +0000

As I participate in this challenge http://thinktraffic.net/how-to-participate-in-the-million-dollar-blog-project-share-your-new-blog. I was trying to redo my blog and I found out I have 9 subscribers who is on my list. I wish to take this moment to thank you and appreciate your patience in staying with me for God knows how long. I hope to can leave a comment to let me know what kind of topics you are looking for and what is stopping you from trading a successful profit accounts?

I have a few books on my list at the moment. Please take the time to comment on what topics you have difficult with and what difficulties you have face to achieve a profitable equity.

1. "Getting Started Trading in Forex"
2. My favourite indicator "Force Index. How to use the Force to your Advantage"

3. "The secrets of Tom Demark Trendline"

4. "How to trade your way to Success the Martin Schwartz way. Champion Trader"

Hope to hear from you.

Warm Regards

David Aw

Forex Trade Setups: Long against US dollar, 11 October 2011

noreply@blogger.com (Uncle David) — Tue, 11 Oct 2011 13:48:00 +0000

Why USDX is Showing Weakness

Trading Setups / Chart in Focus:

This trade I went long against 2 US pair. EURUSD and GBPUSD especially. Currently good news of how Europe is taking action to renew confidence in investors as its management of the debt crisis has found a solution. However I will still be bearish against the EUR as they are announcing the rescue plans of its debt crisis. Whether or not it will be a fruitful one is still not sure.

On the USDX which you can get from Windsor Broker shows initial weakness to the upside on both Force Index as well as a new found filter namely volume rsi which can be Bought here by a recent known dear friend of mine. Also with its recent downtrend from previous week it looks like flag pennant in action. One of the top 10 chart patterns I had mention here in my new blog.

Update:

Currently price is hesitating to the upside. I had breakeven on the EURUSD but place a mental stoploss on GBPUSD. Will update and keep you posted.

Fundamentals in the News. How do You Make Money Online with it?

noreply@blogger.com (Uncle David) — Mon, 03 Oct 2011 08:22:00 +0000

The Articles on the left is extracted from Singapore Straits Times.
Please click on it to zoom in.

In summary it mention that Paris could be the state to save EURO from a failing economy. It also mention that USA and Europe could face a stagnant economy if policymakers specifically Obama does not create interest in investors most of the smart money would flow back to Asean creating a vacuum effect on the losing job rates and falling stock prices.

Good news for bargain hunters though if you are looking at purchasing value properties at high end area in both Europe and US. Although currency in the US has steer much interest for investors and much of the oil and gold are still pegged in US denotes, however bond buyers are still much swoop up by the US government instead of foreign investors whom are mostly the China and India.

How to Play the Currency Market to Your Favor?
From where I am standing until a concrete plan has been made during their G7 meeting and even though a draft or plan has been made. Perception of most investors are still looking to beat inflation will plan to sell euros and buy US dollars.

Currently across all US pairs, a pullback is at play as the recent good news as mention above has steer some confidence in investors creating a retracement of bulls to buck the trend. Sentiments of the bears will come back maybe during the late evening after 8am where NY markets are open. However please check your indicators and system to double confirm of the bears.

Trade Setup Go Long on the Dollar

noreply@blogger.com (Uncle David) — Tue, 27 Sep 2011 14:28:00 +0000

Trade Open on both EURUSD & GBPUSD.

Volume on both charts soo exceedingly aggressive buying of the candle. Should have waited for RSI to show negative divergence as both on the daily chart show no sign of weakness from bulls.

Lets see how this pair works out.

Daily ATR on both exceed more then 50pips.

Trade Forex Full Time - How to Trade For a Living?

noreply@blogger.com (Uncle David) — Tue, 27 Sep 2011 08:54:00 +0000

Is it Even Possible to Trade Forex Full Time. How to Trade for a Living?

Look at the image above. It is a picture of one of the coastal sand in Maldives. Imagine travel around the world with just your laptop and visit places working people only dream of after retire when they are 65? Withdrawing money from the bank because you just nail huge profits after a run up. Taking money from the Currency Market when you need to is a Dream many people took upon themselves. But is this possible? Is this feasible? How many people actually done it?
Possible, even so currently others are doing it. And I am to here to Walk the Talk.

How to be a Full Time Forex Trader - A Pro Trader

To a Beginner you got to have the willingness to fail and fail again because you are consciously taking notes learning new patterns from indicators and price action. Understanding support and resistance and many other candlestick patterns. Is like learning how to drive, you've to constantly check the side mirror, rear mirror, gear shift and brake.
For an Intermediate or Amateur, you are constantly trying to build up confidence whenever you spot an opportunity to go long or short. You trying to assess the market and spot patterns or behaviors on your systems in which you have success profiting. At times you might lose all your profits that you gain because you went in and the markets doesn't behave like you wanted to or when markets reverse and you constantly deny reality and hoping that your insights are right and you hold on to your losing trades and then it snowball and you finally cave in and close the trade with a big loss. Losing all your profits earn from the previous days or even worst previous month.
For the Professional or Experience Traders, you learn your mistake and understand when and where your profits comes in. You learn to take losses easier and faster as you know you will get them back as long as there is money to play with. You look out for market patterns that repeats itself day after day so that you can place trades easily without doubts. You cut loss when the market reverse on your trades because you are in the game of profiting and not score 100 on your trades. You check your emotions and are constantly at ease when you win or lose. You constantly sharpen your skill to enter the market at the right time and hold on to your winning trades so that it can cover your losing trades. You open trades when there is one or sidestep and close the laptop when there isn't any trades. And you know you got it.

What it takes to Trade Forex Full Time?

Psychology. During trading your behavior as a person will be exhibit throughout your life as a trader. How you would react when profits be made or when a position reverses on you. Whether you should take your profits now or let it run. It takes your time to understand your Mind but most importantly it takes discipline to follow your plan with is the next subject.
Method. If you don't have a plan to enter and exit you will not understand why profits is made or when you should take your losses. Worst if you blame it on the market you will never learn. As the saying goes, if you don't plan to win you plan to fail. Chart patterns, lagging indicators, leading indicators and news report are all available on the market. Pick your tools and pick your war.
Money. Managing your money is like managing your soldiers. They exist because you work hard at your job and now it is their turn to work hard for you. But in battles there are winning and losses. The important thing is ... I shall let the Experts tell you.
This is taken from Market Wizards: Ed Seykota, Everybody Gets What They Want; Larry Hite, Respecting Risk

"Throughout my financial career, I have continually witnessed examples of other people that I have known being ruined by a failure to respect risk. If you don't take a hard look at risk, it will take you." - Larry Hite

"My philosophy is that all stocks are bad. There are no good stocks unless they go up in price. If they go down instead, you have to cut your losses fast... Letting losses run is the most serious mistake made by most investors." - William O'Neil

"Don't focus on making money; focus on protecting what you have." - Paul Tudor Jones

In actual fact from most books I read. It is using one system that you are familiar with and in conjunction with markets behavior that makes profit you can easily earn a living from it. Even if the system is right only 30% - 40% of the time as long as it covers the rest of the 60% that is wrong it is still ok.

"The key is consistency and discipline. Almost anybody can make up a list of rules that are 80% as good as what we taught. What they can't do is give (people) the confidence to stick to those rules even when things are going bad." - Richard Dennis from Turtle Trading

Thanks for reading my first post. There will be many post to come and all this is from my 3 years of trading experience.

Trading for your success!
David Aw
Trader cum Internet Entrepreneur

Top 10 Rules to Abide for Trading Success in Forex

noreply@blogger.com (Uncle David) — Tue, 27 Sep 2011 06:49:00 +0000

The following article details my personal experience top 10 rules to abide for trading success.
What makes this list unique is it’s based entirely on the methods I have personally used, most of which I have read, so I can reveal to you what I did and what my results were. Bear in mind these methods represent three years of trading online, so I do not do all of them presently.

This is not an all inclusive list, which means there are plenty of other rules you can choose to follow as it represent the way you walk your life, no doubt many of which are potentially much more profitable or better choices for your own situation. Henceforth you shouldn’t base your decisions on what methods you use solely on this list. Do your research and include this article as one resource.
This list isn’t strictly ordered based on my preferences from top to bottom. Over the years I made changes to how I made money in order to get closer to what I really wanted from my family and I.

Top 10 Rules to Abide for Trading Success

Although there are no magical tricks to be fabulously successful in trading but there are some guidelines and tips which can surely help you make money and make you a better trader with time. Hundreds of people lose millions of dollars in the markets every year.
What you will learn from watching others is that there are some trading rules in to follow and one can surely benefit by reading and applying these rules.
Here are some of the rules of trading that are more about good defense because you are at a higher risk if you don’t know how to protect yourself in those unpredictable markets and you won’t last long.

"I think people spend too much time trying to discover great entry strategies and not enough time on money management. Assume you took the top two hundred relative strength stocks [the two hundred stocks that outperformed the market average by the greatest amount during a specified number of past months] and placed the names on a dart board. Then each day, you threw three darts and bought the resulting stocks, and whenever any stock went down, say, 10 percent from your entry level, you sold it instantaneously. I would be willing to bet that you would make money because you are exposing yourself to a group of stocks that is likely to contain some big potential winners while at the same time you are cutting your losses." - Mark Minervini

1. Abandon those Trades making Losses. Ask any successful trader and they will tell you to learn to ignore the losing trades. It is only after cutting down these negative trades can you expect to have the profits coming in or you will never be successful.

"Don’t focus on making money; focus on protecting what you have.” - Paul Tudor Jones

2: Protect your Capital. One must learn to protect their capital at all costs and this is the most common mistake most traders make. The truth is that only very few know how to protect their capital. It is actually a personal responsibility and if you are casual about your trading habits you are sure to lose money.

"You don’t need any education at all to do it. The smarter you are, the dumber you are. The more you know, the worse it is for you.” - Tom Baldwin

3. Keep educating yourself. Ok the above quote is totally contradicts what I am about to tell you. Something scientist, surgeon or an engineer are so good at what they do for a living but they suck big time on trading. Why? Because they are so good at their job that they forget the Market doesn't care about what you think is right. The Market just move so upkeep your horizon on education which has psychological benefits is indefinitely going to help you succeed in trading. Trading Is like ongoing education and no matter how good you are at trading, you have to keep learning. Remember that to be successful; you need patience and perseverance along with following the market's own way of teaching you.

"What is the ultimate rationalization of a trader in a losing position? “I’ll get out when I’m even.” Why is getting out even so important? Because it protects the ego. I became a winning trader when I was able to say, “To hell with my ego, making money is more important… Learn to take losses. The most important thing in making money is not letting your losses get out of hand. Also, don’t increase your position size until you have doubled or tripled your capital. Most people make the mistake of increasing their bets as soon as they start making money. That is quick way to get wiped out.” - Marty Schwartz

4. Know When to Quit. One of the most important tip is to know when to get out before even getting in. You must have plan as the markets can turn volatile. Hence, all your plans must work whether the market goes up or down. Just hoping the markets will run your way is not going to work.

"My best trader makes money only 63 percent of the time. Most traders make money only in the 50 to 55 percent range. That means you’re going to be wrong a lot. If that’s the case, you better make sure your losses are as small as they can be, and that your winners are bigger.” - Steve Cohen

5. Accept that half of your Trades will End in Losses. Actually, no matter how good your planning is, half of your trades will lose money. Hence, just accept it as that’s the way it’s going to be. Once you accept it and focus on your winning trades, facing losses will not be too traumatic.

"First if all, never play macho man in the market. Second, never overtrade. My major problem was not the number of points I lost on the trade, but that I was trading far too many contracts relative to the equity in the accounts that I handled.” - Paul Tudor Jones

6: Avoid Over Trading. Trading too many markets or trading too many markets without a plan are signs of over trading. Look at trading like along marathon and not just a 100 yard sprint. Not making the right decisions when the markets trade against you can be very dangerous position to be in.

"First, I would say that risk management is the most important thing to be well understood. Undertrade, undertrade, undertrade is my second piece of advice. Whatever you think your position ought to be, cut it at least half.” “They personalize the market. A common mistake is to think of the market as a personal nemesis. The market, of course, is totally impersonal; it doesn’t care whether you make money or not. Whenever a trader says, “I wish,” or “I hope,” he is engaging in a destructive way of thinking because it takes attention away from the diagnostic process.” - Bruce Kovner

7. The Market Doesn't Bother About You. The markets don’t care whether you are trading for a few dollars or if you are making profits. It follows its own secret ways of functioning.

"If I lose 20 percent on a single stock, I will cover one-third of my position. I limit the allocation to any single stock to a maximum of about 3 percent of the portfolio. If a stock increases to a larger percentage of the portfolio because of a price rise, I will tend to reduce the position. I also control risk through diversification: There are typically fifty to sixty names in the portfolio spread across different industry sectors.” - Dana Galante

8. Learn to Manage Risks. Observe those successful traders and you will see risk management at the top regardless of their methodology. A trading program with excellent risk management is the best option all the time.

"The more a price pattern is observed by speculators, the more prone you are to have false signals. The more a market is the product of nonspeculative activity, the greater the significance of technical breakouts.” - Bruce Kovner

9. Remain on your Guard. Keep your eyes open as the market never sleeps. If you are the kind to become casual and have a laid back attitude, then trading these markets is certainly not your cup of tea. Sooner or later you will be hit with a huge loss. Therefore remain vigilant all the times.

"Even professionals who have to keep track of what they're doing in terms of account performance, don't really keep good records of individual trades. Why? Because people like to dream. People like to think about wonderful and beautiful things that are supposed to happen to them. And once you start attaching numbers to them, it takes away some of that fun. So keeping records is boring. It takes time. It takes away from the pleasure. It's so entry level to analyze the market put in a grade and then to spend 20 minutes recording the trade, ah, but you have to do it." - Dr Alexander Elder, Trading For a Living & Come Into My Trading Room

10. Keep a Diary. It really helps if you note down all the important trades you made, including your losses as well as profits. Also write down what you felt like when making these trades. You can write down all this in a secret diary. It might seem unimportant to you but you will find really useful information in it for your future trades.

Combine What Works For You

In my case through these various methods, figuring out what I actually want as a business and my lifestyle then combining different methods to maximize my income and minimize my losses to the best that has worked for me.I recommend you follow a similar path to build your own full time forex business. Figure out what you like using the options above and other resources online, begin testing to see what works and learn more about what you enjoy, and keep at it until you find what is incredibly profitable too.

Trading for your success!
David Aw
Trader cum Internet Entrepreneur

The above quotes are courtesy of a good friend @ Bigfatpurse. Quotes from here and there and here.

Trade Setup GBPUSD - Short the Pound

noreply@blogger.com (Uncle David) — Mon, 26 Sep 2011 15:39:00 +0000

This is the first of many trade setup post that I wish to commit to as a journal.

Trade Short GBPUSD

Trigger Signal: Volume opening at 00 GMT was 2973

What is the Trend?

Short term trend is up under 30mins. However on the daily the trend is still down.

Where is the Turn?

Looking for possible resistance on 1hr. Resistance level was 1.5483

When is the Timing?

To be continued...

How to Take Profit?

To be continued...

Wish to learn more? Subscribe to be updated.

Fapturbo v54

noreply@blogger.com (Uncle David) — Wed, 14 Sep 2011 07:03:00 +0000

This morning at 5am the Fapturbo profit $1.6 of $46. Which is about 3.4%. Great.
FYI I'm looking to profit at least 10% per month to fulfill my passive income dream.

- Posted using BlogPress from my iPhone

Relentless Pursuit of Generating Passive Income Through EA

noreply@blogger.com (Uncle David) — Tue, 06 Sep 2011 10:37:00 +0000

After 3 years I decide to invest my income to an EA called Fapturbo. It is release as of 54. Have you heard of it?

Trading Opportunity go long against Yen Futures

noreply@blogger.com (Uncle David) — Thu, 28 Jul 2011 19:10:00 +0000

JPY Futures show weakness but no valid reversal candlestick pattern however USDX show railway tracks a possible short on all US pairs.

Trading Opportunity in CHFJPY, Short on the CHF futures & JPY futures - Forex Freedom

noreply@blogger.com (Uncle David) — Wed, 27 Jul 2011 11:21:00 +0000

Trade Management | How to Reinforce the Reason to Hold Trades if it Goes Against You.

noreply@blogger.com (Uncle David) — Thu, 26 May 2011 09:09:00 +0000

en suggested that a thorough trader should complete the following form.
The Event:
Reasons
(Beliefs, Emotions, Assumptions) Rewards
(Potential Gains) Risks
(What could go wrong? How would I know?) How would I trade it?
(Based on reflections from 1st 3 columns.)
Why I want to be long...

Why I want to be short...

Why I want to stand aside...

To fill out this chart, work your way from left to right and top to bottom listing appropriate amounts of detail and insights in each cell.
Now consider all your answers and craft a strategy that connects your assessment of the opportunity, your objectives, and your risk tolerance. Without such an exercise, you might be chasing trades external to a system and unconnected to your "center." You can add your notes to the rules you have for a current system or they can become the basis for a new trading system. (Ken has a self-admitted tendency to chase ideas, so he recognizes the symptoms. He has found this method to be the only way he can really commit to trading a system’s rules.)
Questions for Further Reflection

What would happen if you decided to follow your system's rules and stand aside? (The appropriate answer is “No loss.”)
What's the worst thing that can normally happen if you instead go long or short? (The answer had better be "-1R.")
What would it take for you to commit to a trading system/plan? If you are not committed to the plan, is the shortfall due to knowledge or feelings?
How would an observer know you are committed to a trading system/plan? What would they see?
How much of your capital should you commit to a trading system/plan? Capital in this context refers to money as well as your time, focus, and energy.
Does commitment to a trading system/plan include putting your identity and self-image into it? Is that part of your trading capital? Will you tie the system results to your self-image and feelings of worth? Or will you let the system just be the system, with its results being the relationship between the rule set and the market?
Can you decide what amount of capital to apply to a rule set while remaining detached, professional, and managerial?
Opportunity cost is what you pay for not taking a trade. If you believe the market offers infinite opportunities, then letting a trade go is costless and meaningless. Could you let a trade go? Even a great one?
Can you learn to live without the regret of letting a great trade go to someone else? Regret is the result of evaluating a past decision with the benefit of the new information in hand. That’s unfair to the person who made the decision at the time with the facts available in the context of that moment.

Forex Freedom - If you don't plan to Win you are bound to Lose

noreply@blogger.com (Uncle David) — Sun, 01 May 2011 18:01:00 +0000

This article is taken from the YourTradingEdge magazine (JAN/FEB 2011 issue).

Justine Pollard is a share and CFD trader, author of the best-selling book ‘Smart Trading Plans’ and is featured in books including: ‘Ms Millionaire’, ‘Real Lives Real Traders Real Money’,’ 20 Most Common Trading Mistakes’ and ‘The Wiley Trading Guide’.

Justine Pollard discusses your roadmap to successful trading.

The above is one way to understand how to take money out of the market. And not be the one losing the money.

Articles here

Stick that on your power cord!

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Been awhile - Planning to write an ebook, Force Index

noreply@blogger.com (Uncle David) — Wed, 13 Apr 2011 18:35:00 +0000

It has been long since I had posted any related to forex. Recently Japan been experiencing a series of nature attack from earthquake to Tsunami to earthquake again. With the radiation leakage gloom clouds the future of the Rising Sun.

Lesson learn...
First US Market constantly experiencing job loss or low employment. Euro region been having some downs on some state near bankrupt, Spain, Portugal...Hence where does smart money goes to, against inflation? Asean countries in properties or commodities.

Gold & Silver surges as so is Yen until the Japan Government hints on flooding the market. Japan is a export nation with electronics and cars are top on their list. Hence a strong Yen will only hurt their economy. Which explains the slide after it surges. Then more bad news on their nuclear plant and radiation pushing investor where commodities rein.

Then ECB mention it will increase EURO while US FED claim it will flood the market again.

Playing the currency market need you to investigate Fundamental Issues that make or break a nation. Sometimes technicality just doesn't cut it as human fear and greed never change. Fear push while greed pull.

Oyah I forgot I will write an ebook to fund my capital. Due to family commitments I had to stop playing however the subject of my ebook is about a leading indicator namly Force Index. It was started by Alexander Elder.
Give me feedback if it will be in demand.
Cheers
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COT, Commitments of Traders & How to Leverage?

noreply@blogger.com (Uncle David) — Sat, 16 Oct 2010 12:52:00 +0000

Forex Profits with COT - Bi Weekly Update - USD/JPY

This is an introduction of the COT, JPY Futures. The speaker is Frank Paul. He is from Forexmentor. Click on the Video at the end of my blog to learn more.

The important part of the video is the strategy of who to follow, mainly the large specs traders. However do take note of the commercial traders as they are the rally to a downtrend or dips to a uptrend.

Cheers
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More on Divergences - 9 Rules for Trading Divergences

noreply@blogger.com (Uncle David) — Wed, 08 Sep 2010 17:30:00 +0000

9 Rules for Trading Divergence

Courtesy of Babypips.com
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Divergence Trading - Force Index, Yen Futures

noreply@blogger.com (Uncle David) — Wed, 08 Sep 2010 17:16:00 +0000

Today I shall post 2 topics on Divergence Trading.

First is when is divergence actually reverses prices.
Second how far does divergence creates opportunities in pips.

1) When is divergence actually reverses prices?
Actually question should be when does divergence reverses price. The below chart of Yen futures for Sep.

Notice the first divergence occurs as reflected by indicator does not reverses prices. Price just keep rising. However notice the 2nd divergence occurs as pointed in red arrow. The indicator didn't detects it however the human eye can. It reverses prices. Why?

Taking the same chart but this time we zoom out to 1hr. Notice divergence occurs and reverses price? Does that mean price will reverse upon 1hr divergence? Nope not really. But high probability if concurrently...

Zoom even further out to 4hr. Notice the indicator doesn't capture the difference in price and the indicator? This my fellow readers are a confirm deal that price will reverse. However 1 last zoom out on the daily chart...

Price is rising but the indicator is not equal on par.

What can we conclude on divergence from the above evidence? The Human eye is better then programed codes? The higher the time frame when divergence occurs, the more likely (notice I never say confirm) price will reverse?

It is all of the above. But I would like to highlight to you again with divergence. Divergence occurs on whichever timeframes more or less concludes/suggest to us that price is going to continue in its original trend which is in this case, up. Yes that is correct Yen is still a safe haven for investor to park their hard-earn money to beat inflation. But is that good for Japan seeing that its cars are getting more expensive to buy? That we leave it for another post.

2) How far does divergence creates opportunities in pips.
You might ask. How would the price movement of the Yen creates opportunity for me to trade or be apply to Forex. All the Yen crosses, i.e EURJPY, GBPJPY, AUDJPY shows tonnes of pips to bag. I'll show you.

Notice the 3 numbers each separate by "/". Take note of the center number and ignore the last digit. Most of them if open position properly could help you reap at least 90pips each. There are 6 pairs so a total of over 700pips. If playing 1 standard lot. You would had earn USD$7k in one night. Is that enough for 1 week? I would had said it is enough for me for 1 month. Cool right?

You know what is my problem? I took position too early and left of with only $1200. For more stay tune.

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Gap appears during Fri. Gap filled on Mon after future market open.

noreply@blogger.com (Uncle David) — Fri, 03 Sep 2010 16:14:00 +0000

Lets see if gap theories work after London close shop

Gap get filled on Mon 10am EST.

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Brag Time, My last one month results | Part 1

noreply@blogger.com (Uncle David) — Thu, 19 Aug 2010 21:38:00 +0000

The below shows what happen if you look at higher timeframe and allow profits to accumulate base on Daily chart trend.

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Conversations With Forex Market Masters By Dariusz Swierk - Traders Involved

noreply@blogger.com (Uncle David) — Mon, 12 Jul 2010 16:19:00 +0000

These are the comments made by Killer Trading System on Conversations With Forex Market Masters By Dariusz Swierk

Conversations with Forex Market Masters by Dariusz Swierk, PhD, interviewed ten extremely successful Forex traders and “squeezed out” their knowledge about trading. He asked them every possible question about their beginnings, their systems, motivation techniques, self-evaluation methods… and many more. But how this knowledge can help you with your trading? Do you remember when you were back in school? Did you have a passionate and supportive teacher that made you interested in a certain subject? Everything was easy when you had a mentor like that. Well, this book brings you ten extremely successful mentors that are willing to teach you everything about Forex trading and to share their methods and techniques. Or maybe you think that you would be better on your own on this difficult market?

By the way, do the names like Joe Ross, Jeff Wilde or Phil Newton ring a bell? Those are some of the most famous traders and mentors around the globe. They made thousands people professional traders. They made thousands people rich. Have a look before they pull the curtain… you have nothing to loose but everything to gain!

Joe Ross (yes, that Joe Ross!) – an unquestionable legend of trading, an author of 12 classic trading books (many of them world bestsellers), a successful trader and a well respected mentor. Joe has 50 years of market experience. Never published before! His story is both amazing and instructive: he grew up in the slums of LA, trying to get by while being discriminated in school due to dyslexia. He describes the beginning of his trader’s career, learning discipline and trading routines.

Next you’ll read the mind-blowing session with Don Steinitz: Don Steinitz is a professional gambler who became a trader. When turned 18, he was already an expert of Black Jack. For many years he was making a living from gambling in Las Vegas. His trading adventure started with stock market – and then, there was Forex. One of his most successful and world-wide known systems became a foundation of a trading robot. Don is one of the pioneers of automated trading. During our conversation he shares his experience with Forex trading as well as professional gambler’s approach.

Next you’ll read the entire session with a master trader Dr. Jeff Wilde: Dr. Jeff Wilde – another trading legend. Left a successful career as a doctor of chiropractic to become a trader. He is an active trader for seventeen years now. He trained over 6500 new traders from 83 countries. Jeff is well-known for his simple yet extremely profitable methods. He shared his unique career path and described his exceptional approach to Forex trading. As an extremely experienced teacher and mentor of many successful traders, he brings an incomparable analysis of factors that can lead you straight to profitability.

Next expert interviewed is Phil Newton: successful trader and respected mentor for hundreds (if not thousands) traders around the globe. This young individual is becoming a true legend, not only as an extremely profitable trader, but motivating trainer and mentor. His personal record is over 12,000 pips in one month [November 2008], earned using systems he created from scratch. His decision of becoming a trader was made in the worst possible moment of his life, when he was struggling for his life in a hospital (4 weeks on intensive care). He decided to follow his dreams… As he says: “It’s better try and lose than lose because you’ve never tried”.

Steve DeWitt started his career in Forex trading after a seminar taken in 2001. Within two months, he lost $20,000 he borrowed from his dad! But he did not give up and after changing his strategy, he reached a level of systematic (and constantly growing) gains. After a few years of profitable trading he became a certified trainer – since then he has taught thousands of traders how to win in Forex trading.

Next you will read an enlightening interview with a master trader Monika Korzec from Canada: Monika Korzec – Amazing story of a housewife who became profitable Forex trader in the very first year! Initially the only time she could spend on analyzing Forex market was in the evenings when her children were asleep. After a few initial losses she came up with a strategy that gave her financial independence and possibility of not going back to her regular job after the maternity leave. Later Monika created her own indicators and now she is a successful trader and mentor to many traders worldwide.

Next – Todd Judkins will share his insightful approach to trading using advanced psychlogical knowledge: Todd Judkins has over 10 years of experience in trading, in which 4 are related to Forex. He is a certified hypnotherapist and coach for people determined to get successful. After an 8-year term of service as a United States Naval Officer, Todd’s fascination with the financial markets re-ignited when he took control of his personal investments and began trading. He has been a professional Forex trader since 2003. This conversation brings a matchless insight regarding traders’ minds.

Next you’ll read the conversation with a respected trading coach, Clarence Chee, from Singapore: Clarence Chee – professional Forex trader and very respected coach. Prior to that he was a professional accountant who graduated from the Chartered Institute of Management Accountants, UK. Clarence started trading Forex in 1994. Over the years, he has developed two own powerful Forex trading systems.

Next you’ll read a mind-blowing session with Wilson Neo: Wilson Neo is an successful entrepreneur and a brilliant trader, also an expert in Forex fixed odds betting (popular in UK) which was the driving force that kick-started his trading journey. To him trading as an ongoing journey of self exploration: self awareness, discipline and passion. Even though he comes from The East, he gives us a ‘western’ approach to trading and working with one’s mind.

Next you’ll read an amazing session with Martin Bottomley from Canary Islands: Martin Bottomley – born and educated in London. He studied to become an aerospace design engineer. He entered the Forex arena in Y2K as a retail trader and quickly became despondent at the lack of integrity and poor advice available for beginners. Having spent more money on Forex training than could be deemed sensible, and having read just about everything about Forex, he knew that there was only one solution. Martin together with his wife Virginia set about producing a more reliable method upon which to base his trading decisions. Nowadays, he is a well respected Forex trader, co-author and developer of the successful trading systems.

My friend, Dariusz Swierk, PhD, found these most successful traders in the world and asked them every possible question about their beginnings, fastest learning process, discipline, systems and methods, how to recover from losses, and so on. It is like having ten mentors instead of one! So who is that book for? Check out if any of this applies to you:

Take note of the Traders involved and do a google search. You be surprise how much information is out there free however for what it is worth. I recommend buying it. Group buy anyone?

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Trade end for the day 12/7/2010 - 520pips

noreply@blogger.com (Uncle David) — Mon, 12 Jul 2010 15:59:00 +0000

Why the secrecy. Hey I want to mentor people so need to be humble.
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Market Patterns vs Bond Market

noreply@blogger.com (Uncle David) — Fri, 09 Jul 2010 15:03:00 +0000

I had the privillge of witnessing the market having a tussle between market patternon the above Bull Flag Pennant and the below Bond Market suggesting price is going to continue.

Conclusion price would still up for S&P500 = EJ, however decades of price pattern can never concede the behavior of price assumption. Bottomline it is better to wait for time which is 11am EST.

I notice one very very important thing. time can gives you an edge and I hope 11am EST it helps to push the price pattern down.
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