I am back :-)

Dear all,

It has been a while but I have decided to come back to trading after a long rest. But this time round, I am working on purely options - mainly using SPY Cashflow Generator and SLV Cashflow Generator.

I will be sharing more on the trend and emotional aspects of myself doing the trades... Cheers!

Taking a week break

Hi All,

I am taking a week break from my trading and blog. Look forward to see you again :)

Your Friend,

Max

Photos of Japan

Hi All,

Jenifer and Jason have painstakingly arranged the photos into facebook albums. Thank you! Do visit the albums - Part 1, Part 2 and Part 3.

Enjoy!

Your Friend,

Max Tay

Gold... Gold Gold! Ole Ole Ole!

Hi All,

I have plans to go into Gold CFD in the next week or so. Yes I missed the last trend (missing profit about US$150) but nonetheless, let's look forward to the next one :)

I am basically focusing on the basic techniques that is learnt in Ideal Business which is primarily Inside Day, Trend Analysis, CBO and MUT.

Let's prepare for rain and pray hard for the rain :)

Your Friend,

Max Tay

Cashflow Warrior Academy

MUT is wonder :)

Hi all,

I just want to give MUT is fantastic testimony :)

MUT is really a good method to generate about 5 to 10% of our capital per month. Just in this week, ignoring the stupid things I have done for 20 days momentum, MUT have made me about 7% of my total equity! This something rather amazing. If you still are not sure what's happening with MUT, its good idea to find someone who knows and explain. :)

Your Friend,

Max Tay

Cashflow Warrior Academy

Haiz...

Hi All,

Recent trading experience told me that I should not be trading when I am travelling... makes plentiful mistakes. Hahaha... I was waking up like 5am tokyo time to setup my trades as I need to go off at 7am tokyo time (8am Singapore time).

Nonetheless, I am still in learning mode. Good experience but using money to get it :P I will use more restrictions when come to CoFlex, 20 day momentum and Conquerer. MUT is doing well, seriously not recommended for non-breakout trades including Renko.

Looking forward to a good week.

Max Tay

Painful lesson last week

Hi All,

I learnt quite a painful lesson last week where I shouldn't pyramid using the same method unless all methods have been used. This is to be on the safe side. Diversify through time helps us to more or less confirmed the trend and all positions should be positive and this is the best time to pyramid using the same methods :)

Your Friend,

Max Tay

Going Japan for 1 week

Hi All,

I am going to Japan for a Research Trip. I am bringing my laptop there but I might NOT be available to tabulate my trades. I do my best to but if can't so sorry about it :(

Your Friend,

Max Tay

Shifting of Blog soon...

Hi All,

My Internet Business Specialist, Andrew Boey is in the midst of setting up the Max Futures Profit blog to be at Cashflow Warrior Academy website. Once, it is setup, i will just update from there onwards. So stay tune. :)

For now, it will be here first until the location have been setup.

Max

Problem with Renko

Hi All,

I am facing a little tiny issue with Renko where there is a divergence of the boxes. E.g. AUD/USD i sometimes see 2 extra box and sometimes I don't. Meaning some of you may find my Renko entry is different from yours.

If you do have it, please feedback to me. I will be bringing this issue up to Courtney :)

Your Friend,
Max

It's Updated!!!

Hi All,

Finally my blog is updated!!! :) Well, I am still short of shifting the website to Cashflow Warrior Academy... I need to speak to our Internet Business Specialist Andrew Boey regarding about it.

please comment on the new excel file :)

Your Friend,
Max Tay

FREE Stuff! Commitment of Traders

Hi All,

Commitment of Traders show us where is all the smart money are doing, which in my humble opinion is a VERY VERY important indicator. ScarrTrading needs us to pay $20 a month for it but I found a Good Commitment of Traders Chart for All futures and the best part is that ITS FREE! Anyway, the link is at http://www.dailymarkets.com/commitment-of-traders/.

Enjoy :) *Sorry Courtney* :P

Your Friend,
Max

Courtney Smith's Support Group Gathering

Hi All,

We are holding the next Courtney Smith's Support Group this coming wednesday 11th November 2009 730pm at Kreta Ayer CC. The location of the CC is at http://www.streetdirectory.com/asia_travel/travel/travel_id_4816/travel_site_4640/.

You can email me at Max.Tay@MyCFWA.com.

Your Friend,
Max

1st Day @ Courtney Smith's Mastermind Seminar

Hi All,

I am again blown away by Courtney's teaching. Totally amazing with regards to Risk Management and Renko method. A bit sad that we couldn't hear Andrew Cardwell session on RSI. It is rather an important one as Andrew Cardwell is going to share with us how to use RSI to see trend change (NOT using divergence).

He states that if we are using RSI for trend divergence, we will see multiple divergence in a strong trend. Hence, he has a way to use RSI to indicate trend change on top of divergence... :) Amazing...

Look forward to Day 2...

Max

New Update to blog

Hi All,

I am still in the midst of revamping and shifting the blog to Cashflow Warrior Academy website :) please bear with me.

Anyway, I am now working on purely on Courtney Smith's Methodologies only on the 10 pairs I was talking about. Though my account is drawndown, but after reading the book Trend Following by Michael Covel, I am pretty much confident that it is a matter of time that my account will go back up again :)

Your Friend,

Max Tay

Original 20 Day Momentum ProRealTime Code

Hi All,

this is the code for the original 20 Day Momentum in ProRealTime.

period = 20

C = close [period]

return C as "20th Day Close"

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

How to Maximise your Profits

Hi All,

after digging even more from our Trading Mentor, he finally agreed to let us pyramid the trades in order to maximise our profits! :) BUT it is only limited to TA and CBO.

Well, for USD/JPY current trend, he mentioned that this is how famous traders earned their millions and millions of dollars - Well defined bear market. Hence, this should be the time where we should agressively pyramid TA and CBO :)

Currently, I am only have 12 contracts on the trend. If Courtney were to share with us earlier, I would have probably 15 to 20 contracts on it :P *Not that I like to complain*

Your Friend,
Max

Problem with the records on top of my blog

Hi All,

if you have any issues seeing my track records on the top of the blog, please do click on the Trading Records link on the right hand side of my blog and bookmark it :)

It will be a better access to it :)

Max Tay

Dinner with Ms P

Hi All,

After dinner with Ms P, I realised that like what Tanmoy said to me the other time came true... The less you trade the more you earn :)

Ms P total equity is more than mine! Why? She trade lesser than me :) Hence, I have come to a conclusion that I will trade lesser. Which means I am dropping USD/CAD :)

3 Cheers for Ms P! :)

Max Tay

A Tinkering Thought...

Hi All,

After 2 months of trading as a newbie, a tinkering thought came to me... that I need to trade less on Forex. Why? Because Courtney Model of Trading builds on risk management and trends.

Due to the fact that Forex have less trends, hence the less pairs I trade the more I will make *I Think*. I might be dropping USD/CAD soon then *MAYBE* AUD/USD. I might also trade some penny stocks :) we shall see...

In the meantime, I am just working on the system :)

Your Friend,
Max Tay

My Penny Stock ProScreener Code

Hi All,

This code is not for Forex but for people who wants to screen across the stock market for stocks that is below $2 dollars, the volume is more than 1 million.

indicator1 = close
c1 = (indicator1 <= 2.0)

indicator2 = Volume
c2 = (indicator2 >= 1000000.0)

indicator3 = close
indicator4, ignored = CALL "52-Weeks Channel"
c3 = (indicator3 >= indicator4)

criteria = Volume

SCREENER[c1 AND c2 AND c3] (criteria AS "Volume")

Updates on Total Equity Chart

Hi All,

After much consideration, I will only update my Total Equity Chart once a week rather than daily due to time constraints.

I have to key the values into an Excel file, which then created a chart, print into a TIFF file and resize using Office Picture Manager, open using Paint and convert into a JPEG file.

No worries that you will still be getting the truth of my Total Equity Chart :) rest assured :)

Max Tay

Intra-Day Trading.... *sob*

Hi All,

As I eagerly requested for trial-use of realtime services from PRT, I tell myself finally I can try intra-day trading! :)

And yesterday, the result was horrifying :~( I lost 300pips! *LOL* What an interesting day for me. I felt adreline rush but ultimately saddened by the loss of 300pips :( In addition, I can't really be on the screen all the time as I was trading a 30mins bar. Hence, I decided that I should stick with Position Trading rather than intraday trading for now :D

The timing and stress level is more comfortable. :)

Max Tay

This Coming Friday Step-By-Step Webinar - CoFlex, Conquerer, FXCM

Join us for a Webinar on September 11

We are going to DISCUSS about CoFlex, Conquerer & FXCM Step-By-Step!

Title: Step-By-Step CoFlex, Conquerer, FXCM

Date: Friday, September 11, 2009

Time: 9:00 PM - 10:00 PM SGT

After registering you will receive a confirmation email containing information about joining the Webinar.

System RequirementsPC-based attendeesRequired: Windows® 2000, XP Home, XP Pro, 2003 Server, Vista

Macintosh®-based attendeesRequired: Mac OS® X 10.4 (Tiger®) or newer

Space is limited.Reserve your Webinar seat now at:https://www2.gotomeeting.com/register/450206523

When do I take ID trade or not?

Hi All,

I was talking to a fellow Courtney's Forex Trader yesterday and she was saying that she was doubled whammied until she blurred. And of course, I can relate to that feeling.

Though my own experience and discussion with Courtney, I realised that Double Whammies can be prevented by finding reasons NOT to trade. And thank goodness to that I have safely avoided 2 Double Whammies :) One being yesterday GBP/USD Inside Day trade. If I have taken it, I would be sitting on a Double Whammy (DW) today.

So just how to avoid DW? Courtney taught me 3 things but it is NOT a confirmed thing ok? And in a ideal situation, all the 3 indications are to be positive before we take the ID.

1. Look at ADX. There should be a upward trend. Why? When there is a trend, most likely it will not close back where it started.
2. Look at the Average True Range (ATR) 40 indicator. Ideally, there should be an increase of volatility than yesterday and shouldn't be the lowest of the past 40 days of ATR40.
3. Lastly, Look at the opening and closing positions of the bar. Are they forming a near perfect T or t inverted T? if they are, then most likely the next day will form the same thing. This is an indication of a Sideway market where neither the bull or bear are winning. Hence, less likely the next day will close higher or lower.

Ok. There you go. With these tips, I hope that you can really avoid DW as much as possible. :)

Max

Great News! Daily Trade Tracker & Checklist is hosted in Courtney's Server!

Hi All,

Great News! Our Daily Tracker and Checklist is finally hosted in Courtney's Server! So now, you could either download from http://www.maxfuturesprofits.com or directly from my Traders' Tools section :)

Thank you Courtney for helping us to host the file. Really appreciate it. Thanks to Ms P for producing the Checklist. Really appreciate it!

Max

Wow. How fast things changes overnight!

Hi All,

Last night when I was checking out FXCM at 11pm, the total number of pips profit is roughly around 800pips. But yet, this morning, it was at 1,800pips! Wow! How fast things changes overnight !

I realised that I wasn't as excited as when I started out. Which is a good sign. Eric, my GrandMaster of Forex ;) told me that a professional trader don't get too excited when there is profits and don't get too sad when there is losses. Hence, I know I am getting there :)

I am seeing signs of repeating patterns of when I first started out when I had like 4000pips profit. God Bless Us all :)

Max

Yesterday Webinar Notes

Hi All,

as promised :)

Quick notes on forex market and trading techniques from Courtney’s 31-Aug-09 Webinar:

1) We can now expect more volatility in the market. We are going into a period when people will trade more actively. Looking at ’08, a lot of futures contracts break out in Aug.

2) Reversal Bars (RB) are excellent entry points in a trending market

• If number of bullish RBs > number of bearish RB => Bull market
• If number of bearish RB > number of bullish RBs => Bear market
• We can use RB as day trades, to enter into positions or to add on to positions.
• Stop Loss is at the other end of bar. When using RB, we have to be aggressive in tightening stop loss. Can use swing lows or any other methods to tighten stop loss.

3) AUD-USD

• Watch for a down move.
• But don’t enter market now since ADX is still down. Wait for ADX to move up. Be Discipline!

4) EUR-JPY

• Can start to put in sell orders
• Take a SMALL TA-short position (this doesn’t look like a big move)

5) EUR-USD

• Wait for ADX to increase
• Expected to fall in 2~3 weeks.
• Stand aside for this pair. Short correlated, weaker GBP-USD instead.

6) GBP-USD

• Courtney currently trading this pair. Short using 20 Day Momentum.

7) USD-CHF

• Don’t enter. ADX down despite breakouts.

8) USD-JPY

• 2 scenarios can happen:
  i. market breaks down
  ii. market recovers back up

9) When markets are ‘psychotic’ (collapsing n rallying widely) WITHOUT trending, stand aside. Eg. Soyabean meal end Aug-09

10) When a market closes around the same level in consecutive days, mkt is in balance. Use Weekly stochastic n seasonality to predict which way it’ll move.

11) Sept is the weakest month for stocks. Mkt bottoms in Oct.

12) AUD-JPY

• Weekly Stoch: Can short the market.Courtney doesn’t trade this pair due to high spreads

13) USD-JPY

• If we missed a signal to enter, we should wait for the next signal to enter. (ie. Not at the moment)

14) Inside Day Trades

• More profitable in volatile markets. i.e. increasing ATR

15) Diversify through time

• We trade each technique independently (ignore other techniques when trading one.
• Exception: Weekly SSD. Combine trades and use the tightest stop loss

16) Intraday trades.

• Techniques are generally applicable, eg. TA, CBO. Except Coflex as there’ll be too much transactional costs.
• Hourly or half-hourly is recommended

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

Copyright of Ms P.

Next Step-by-Step Discussion Webinar

Hi All,

I am working towards to have a webinar this friday evening. Hopefully I can work out my schedule by today.

Cheers

Max

Last night Discussion Webinar

Hi All,

this was the 2nd time I have ever run a Discussion Webinar. I was pretty uptight about it as I don't know whether how good it will turn out. Nevertheless, it turn out well.

Some key things I could have done better was that the capacity of the room is only 16. there are some other people who couldn't come in. I sincerely apologise for that. Not intended but I will try to improve on that. Another thing was I have to mute all :( Wasn't intended that way but rather the distraction sound from some parties are just simply too distracting, hence for the benefit of all. BUT they still could type in the questions and we can discuss along the way :) Just that I become the narrator of all questions, hahaha.

Please keep your feedbacks coming so that we can improve the whole process better :)

Max

Shall I or Shall I not?

Hi All,

Everytime I myself see a profitable trade and the next day see another signal to enter based on the same technique, I always ask myself this question. Should I pyramid?

This question I answered myself yes in so many times but yet come out injured :D Hence, after several occasion of unsuccessful pyramiding, I told myself to keep my ass out of pyramiding :) I guess it is the same thing when I asked Courtney that I saw a CoFlex signal 2 days ago, I just started trading, shall I enter the trade using CoFlex now? Courtney always reply wait for another signal :) The same reply came out is "We are always lookings for reasons NOT to trade rather than reasons to trade."

Hope this helps :)

Max

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.

Conquerer's Indicator

Hi all,

I did the programming of the 2 Indicators required for Conquerer in PRT.

10 Day Ago 10 Day Moving Average

period = 10

MA = Average[period](Dclose(period))

return MA as "10th Day Ago MA-10"


40th Day Ago Close

period = 40

C =close [period]

return C as "40th Day close"

Hope this helps :)

Max

What is more important? Strategy, Discipline or Psychology?

Hi All,

Today I was asked a question by one of my Mentor that continues to baffle alot of people.... Which is more important? The Strategy, Discipline or Psychology?

If I haven't started trading, I don't think I would have chosen the right answer. :) Yes, the answer is Psychology. I was discussing with Roy Phay about trading system and both of us agree that there is no perfect trading system and probably most system made money. BUT the key question is how many of us will have the mindset to continue using the system when we are not making money like now? :)

Max

P.S.: My Mentor answer is 1% Strategy, 19% Discipline and 80% Pschology :)

Max Tay's Weekly Stochastic Divergence detected!

Hi All,

Though today yet again marks the lowest of my Total Equity, but my feeling about it is so much better. Hence, a Weekly Stochastic Divergence was formed :D Lame but I guess it is just part and parcel of a Trader just like what Eric told me in the afternoon. :)

Gam Ba Teh~

Max

I am blessed to have you all...

Hi All,

I think its really fantastic to see the comments left by KinLiang, Andre, Jane etc... When I went through the trading again, I realised that there is always few months of ranging market in every pair of forex. And I kept asking myself did I analyse wrongly, the answer was mostly no. Can I do better? Definitely! And that is why as much as possible I been talking to Courtney almost everyday. And that is how mainly I kept my confidence up :)

Nonetheless, I know I am with the right Trading Mentor and market will prove that the techniques work! :)

Max

I am getting used to it :D

Hi All,

after so many days of sliding down, I kinda getting used to losing money *OMG* is that good or no good? :D

I was talking to Dr Chua Ley Suang yesterday and she was feedbacking that she trust the system completely and just getting papercuts all over while waiting for a trend to form *ouch* She in her bubbly matter told me why did she signed up Courtney Smith's class. She said that she have read about the Turtles before! In addition, the person next to her at NWA have heard about Courtney before and told her that Courtney is a legend and did lots of amazing things in the industry.

It's rather interesting to see that newbies like me are so ignorance of things. Nonetheless, I am glad that I was shown to the right Master to make things happen. Let's pray hard that a trend will form soon :)

Max

Sian....

Hi All,

Today marks my lowest Equity Chart of my trading career... To say I am not affected by it is lying :D For the past 2 days, I couldn't even get myself to do my own Equity Chart. It is rather dreadful... hahaha

But I told myself that I promised myself and everyone that I will do it to give a truthful picture of what I have went through instead of just selling a rosy picture :) Hence, today I did it out finally after much resistance and reluctance of showing the truth...

God Bless me and my trading :)

Max

What a loss to the Local Forex Trainers Community...

Hi All,

this morning I received one news that I think is definitely a loss to the Local Forex Trainers' community... Founder of a local Forex training company left. I was speaking to him about Trending and Ranging market's strategies and he broke out the news to me. He is a person whom I respect ever since I was in Training Industry. But overall, I know he is definitely no regrets about it.

Nonetheless, as an experienced Forex Trader, he said that for the problem with Trending strategies (e.g. Courtney Smith) is you get lots of paper cuts during Ranging market and of course vici versa. And most retail traders, especially newbies like me :P, couldn't accept small losses and expects the strategies to win all the time. They didn't last long enough in the game and what counts is at the end of the month and not everyday! That's why the recommended trading time is about 1 year. (Sound familiar?)

Now, I fully understand why Courtney emphasises so much on Risk management. So that we can last through the paper cuts until a Trend is form as most of the time, the market just trade sideways!

Max

BUG Fix: Daily Trade Tracker version 090818

Hi All,

Someone feedback a bug on the stop for CoFlex. It doesn't tick the Last Bar for its stop. Hence, I have fixed that up and and now downloadable under Traders' Tools :)

NOTE: You can don't download the new one, as this is NOT a major Bug Fix release. But of course, if you prefer to see the tick you can download the new one :)

Thanks to all who feedback! :)

Your Friendly Coach,
Max

Cashflow Warrior Academy - "Everyone Never Work Again!"

The Day that I broke Rules on 2 pairs at one go... So does my Mentor & Ms P!

Hi All,

yesterday night was an exciting night :D I saw the effects of our excellent analysis of charts going into full swing :) Power of Weekly SSD!

Pretty amazing after 5 weeks of Bull Rally for GBP, Weekly SSD once again predicated ahead of time that a major trend change will come :) And Courtney sees that now it's the time to break the rule as Principle always (ALWAYS) wins the rule :) Hence, despite EUR/USD's ADX is trending down, he went in an order of TA! :)

This was then I realised that how powerful and important Weekly SSD is when comes to when to break the rule! :D And of course, I copied his trade though 10pips later :( as I took notice of his TA only at night. But better late than never ^^. Anyway, thanks to Ms P, I was highlighted a Weekly SSD for USD/CAD. Similar situation as EUR/USD, ADX is trending down, but I went in an order of TA since there is a higher high and a higher low.

To round up, I think this week will be a rather exciting week where we are seeing a revival of USD, I will be shorting AUD, EUR/USD, EUR/JPY, GBP and longing CAD :) Let's keep our fingers crossed!

Side Note: Ms P confessed that she broke some rule too... this is what she said,"Today mark the first day i broke rule without Courtney's approval!" haha so funny ;)

Your Friend,
Max

Cashflow Warrior Academy - "Everyone Never Work Again!"

Daily Trades Tracker is OUT!

Hi All,

Finally I found time to make it happen! :) Thanks be to god! Anyway, the Daily Trades Tracker will automatically remind you of what stops should the technique have and calculate the amount of risk you are taking with each trade :) Coupled with the Checklist, it should be a bleeze to trade now :)

Download here - https://www.yousendit.com/download/YkxLQ3R3Q3RVVGxjR0E9PQ (8mb)

I will probably come out a short 10 mins video to explain how to use it :)

Your Friend,
Max

Cashflow Warrior Academy - "Everyone Never Work Again!"

Checklist to make sure you only use 15 mins a day!

Hi All,

finally it is out~ the checklist that Courtney he himself approved :) In my humble opinion, will make our lives so much easier :)

Here is the link: http://docs.google.com/fileview?id=0B4DieVaB-kziMzkyYWE3NzQtYzg3My00MWY2LTg5MTQtZDAwZWU4YWZhZjgw&hl=en

Do feedback :)

Your Friend,
Max

Cashflow Warrior Academy - "Everyone Never Work Again!"

Paper Cuts Paper Cuts Paper Cuts *OUCH*

Hi All,

I have asked Courtney Smith why are we having so much paper cuts for the recent weeks. Guess what he said? "Recent market have been sideways for 7 pairs of Forex... hence, the market is giving us paper cuts now and then."

I guess that is why keeping to our 1% rule is so important :) Anyway, we have now 2 Newbie Traders' tool which is the ProRealTime Setup video and the Checklist. I will be uploading a 9mb Excel File for keying in orders for checking of risk automatically soon.

I am using the spare time from my trading to do it. Hence, it is quite limited *15mins a day*

Your Friend,
Max