Review of Selection Market

Hi All,

I found a bit of time before my good friend's wedding dinner to type in something about Market Selection. Though Courtney said that we should just trade the 5 major pairs in Forex market, I decided to trade the following in the Forex market on top of the 5 major pairs - EUR/GBP, AUD/USD, USD/CAD, NZD/USD & AUD/JPY.

Why? Because I can't trade futures nor stocks. Hence, in order to get myself into a trend, hence, I will trade as widely as possible in forex. As usual for corelated pairs are EUR/USD, GBP/USD & USD/CHF, AUD/USD, NZD/USD & USD/CAD. Loosely related pairs are EUR/GBP & GBP/USD, AUD/USD & AUD/JPY.

Like the turles, I put myself a Capping of Units for risk management purposes. :) In addition to that, I have incorporated Greg Seckker (i think that is how you spell his name)'s Income Generator into my strategies of trading.

Your Friend,

Max Tay

Change in selection of Market

Hi All,

After reading the Turtles book, I have made a decision to change my market selection again. Once I am more free, I shall type what changed. Apologies for the lack of update as currently I am in the midst of chasing my Top Rookie of the Year award. And I am only left with less than 2 months! :D Hope to get your understanding. Really appreciate it!

Your Friend,
Max Tay

New Excel File

Hi All,

Last night I just finished creating a new Excel file for daily tracking which includes Conquerer indicators stop. I will be releasing it out pretty soon once I finish some touch up.

Look out for it as I will be emailing Courtney.

Your Friend,
Max Tay

I am now following Courtney's 20 Day Momentum

Hi All,

Just to let you guys know that I have decided to switch from the 20 Day Momentum channel to Courtney's 20 Day Momentum :)

Reasonale? I just want to follow strictly to the rules and Principles :)

Your Friend,
Max Tay

A revelation....!

Hi All,

today I had a revelation on my own trading. I am convicted that BIG money is earned on the BIG trends as just witnessed in USD/JPY. However, I realised that I was taking too much trades without thinking. And that is the main reason for my profits from USD/JPY to be eroded. I was jumping into too many trades and was chasing too many trades hence, gotten myself too much into the negative zone.

I realised what top traders like Courtney does is to be patient. Always seeking for confirmation and assurance that the trend moves to the right direction. I also realised that Courtney don't usually take coflex unless there is a confirmation if ADX is trending down. Waiting for another 5 day condition before taking another CBO trade.

This is very important things that we should emulate as this will reduce our risk to a great extend :)

Your Friend,
Max Tay

I am officially dropping AUD/USD

Hi All,

I am officially dropping to the original 5 pairs that Courtney suggested as my last trade for AUD/USD was stopped out yesterday. I initially started out with 12 pairs and along the way I dropped alot of pairs until today after 3 months, back to the original 5 pairs.

Have I wasted time and money? Maybe... I do admit that money is wasted BUT I guess this is what Eric Oh always say.... Tuition Fee :) The time is not as I gained lots of experience here :) I am going to stick to the 5 pairs for forex unless Courtney asked me to go other pairs :)

Your Friend,
Max Tay