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

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!"

Yes I broke the Rule and got Punished... T.T

Hi All,

yesterday I tried to do something Courtney taught us to do - when to break the rule. Yes, you heard me - Break the Rule. And backfired, got punished - Stop out. *HAHA*

It was a Channel Breakout for EUR/USD *almost* hence, I used the high of the bar instead of the 55 day high. And what happen? Double Whammy and all my trades were stopped out T.T I guess I am still not ready to break the rule yet :D Well, I shall talk to Courtney about this and get back to the blog where I have gone wrong breaking the rule... for now, I will just follow the rule :P

Your Friend,
Max Tay