How to put in CoFlex Trades

Hi All,

after looking Courtney's trade, he did something that rather amazing. Instead of keying into the trade immediately, he actually wants to give some pips away to determine it is confirmed a sell signal by put into an Order to Sell if it breaks the low of the bar and using the Last Bar concept for the stop.

That would be better risk management. Using instant gratification principle, if we don't earn money from the start, we don't do the deal. Hence, the stop is the Last Bar.

Kewl!

Your Friend,
Max

CoFlex Enhancement

Hi All,

Today we are going to talk about CoFlex Risk Management and application of Weekly SSD on CoFlex.

As Ash from KL brought up a very good point in the KL Course, that if CoFlex is a trend following technique, how does ADX Filter applies in this technique? The following is what Courtney said. He said. Basically CoFlex works when the 2 lines crosses. TEMA is on top we go LONG and if Moving Average is on top we go short.

However, using this technique will create lots of paper cut. Hence, he looks at ADX Filter to increase or decrease the number of contracts for Risk Management. If ADX Filter trends down, he will put in a smaller position. If ADX Filter trends up, he will put in a normal position. (ADX measures how strong is the trend)

And regarding about Weekly SSD, when it happens, Courtney is always looking for reasons to go inline with the Weekly SSD direction. CoFlex is always one of the main reason in there to make it happen. Oh he also added he might break the rule of Reversal Bar to go inline with the Weekly SSD direction even if there is no confirmed trend :)

Hope this helps.

Your Friend,
Max

CoFlex Stop Loss

Hi All,

When talking to our Trading Mentor, Courtney Smith, I learnt that though in CoFlex Video, he said that we use the Last Bar technique to have the stop loss. BUT he improved the method by using the last swing hi (for a SHORT CoFlex) or swing lo (for a LONG CoFlex) as the stop loss.

Yes, the gap is wide hence, the person should always follow the risk management taught by Courtney. Like me, I am using just 1 contract for the time being for all my CoFlex trades before I will increase my position in the future.

Your Friend,
Max Tay

How to CoFlex?

Hi All,

Alot of People asked about CoFlex. Well, after watching the video, I believe Courtney added two indicator - Moving Average 10 and TEMA 21. This two indicator will cause 2 lines to cross which is the entry point :) Rather amazing and simple technique :)

In my own charts, I purposely make it into one green and one red line :P I think USD/CHF is about to cross :) Cheers to Courtney!

Your Friend,
Max Tay
Financial Freedom Coach

Cashflow Warrior Academy - "Everyone never work again"
m: +65 92718133
e: Max@MySmartMillionaire.com