Yesterday Webinar notes.... (See Disclaimer)

Hi All,

Got notes from a very diligent student to share with all of us yesterday webinar :)

Some interesting points on forex and techniques:
(all quoting Courtney of course)
1) Mkts are currently going sideways.
Volatility will increase in Sept.

2) EUR-JPY
Wasn't trading this pair much currently, as it is going
sidewards.
But expect a major breakout on the up/down side
soon. (refer to weekly charts in 2008 to see trend)

3)EUR-USD
Should try to short.
Courtney broke some rules on this pair by entering
TA etc when ADX was down, becoz he thinks
weekly SSD is very impt signal. Lost money...
At the moment, Long on coflex is the correct
position to be in.

4)AUD-USD
Pay attention. Weekly SSD in W24 n W30.

5) Whenever a breakout fails, pay attention.
Differentiate between a premature breakout
and a false breakout.
Former goes back to expected direction.
Latter fails n keep going in opp direction.

6)GBP-USD
Very important pair. Watch closely! SHORT this.
Switch from shorting EUR to GBP, as this looks weaker
now.
Watch for ADX to move up (soon)
Can hv many trades using differ techniques.

7)USD-CHF
Corr. not trading

8)USD-JPY
Watch!
Has potential to be profitable on short side.
Has rising ADX while others hv decreasing ADX.
Possible to short using TA, 20D, CBO n
Conqueror.

9)Sept is a good mth, since Jul n Aug is dull. about
to enter into a trending period.

10) Don't trade ID if mkt is not volatile.
Check ATR for volatility. (eg.16 is low)
The less trending the mkt, the more double-
whammies.
Can trade ID in:
EUR-USD
GBP-USD
CHF
JPY

Disclaimer: The minutes-taker cannot be held
responsible for any discrepancies. Read at
your own risk. Listen to webinar recordings.