Wednesday, July 22, 2009

Multi-Unit Tactic

Hi All,

I just learnt from Courtney that actually Multi-Unit Tactic (MUT) can be used on any other methods that he taught! e.g. Reversal Bar, Riding the Rejection Rule, Inside Day, etc...

This is rather amazing :) of course we set the MUT to 20pips for forex and probably 20% of the trade for any others...

That would increase the profitability and reduces the risk of every trade :) At the same time, Courtney also mentioned that he would prefer to increase the contract of non-MUT rather than the one with MUT as he said, "Always give the benefit of the doubt to making a lot of money!"

Though I chose to stick to balance approach (meaning 2 contracts with MUT and 2 contracts none) in the beginning, I am gradually shifting to what Courtney teaches.

Your Friend,
Max Tay

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