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

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!"

My Mind Blanked.

Hi All,

When I saw all my hardwork went down the drain, my mind blanked. If you see my Total Equity Chart, the drop is like Financial Crisis! I started questioning myself, have I done this technique correctly? Did I analysis it properly? this and that and this and that..... until it just blanked.

I decided to close the application and sleep. *LOL* I woke up at about 4am and saw that it stablised at about 600 plus and answered a few questions on the forum and went back to sleep... Until my alarm woke me up at about 730am, my total equity is still at 600 plus, my mind started to work again...

I started to see something... new higher swing highs are created! Without the down, technically it also created a few new higher swing lows :) Higher highs and Higher lows. They are signs of Bull Market. Well, I guess that is difference between Backtesting and actual trades. In backtesting, I am training my technical skills. In actual trades, I am training my emotional skills.

And in this 17 days of trading, I realised that emotional skills and Risk management is more important than technical skills. And that is why Courtney doesn't want us to do Demo Accounts as it doesn't train us emotionally as a trader :)

Your Friend,
Max

CASHFLOW WARRIOR ACADEMY - "Everyone Never Work Again!"

Multi-Unit Tactic

Hi All,

I just learnt from Courtney that actually Multi-Unit Tactic (MUT) can be used on any other methods that he taught! e.g. Reversal Bar, Riding the Rejection Rule, Inside Day, etc...

This is rather amazing :) of course we set the MUT to 20pips for forex and probably 20% of the trade for any others...

That would increase the profitability and reduces the risk of every trade :) At the same time, Courtney also mentioned that he would prefer to increase the contract of non-MUT rather than the one with MUT as he said, "Always give the benefit of the doubt to making a lot of money!"

Though I chose to stick to balance approach (meaning 2 contracts with MUT and 2 contracts none) in the beginning, I am gradually shifting to what Courtney teaches.

Your Friend,
Max Tay

Trend Analysis Synopsis

Hi All,

I have finally grasped the concept of Trend Analysis *I think* haha... anyway, it is as follows:

First, ADX Filter rule: ADX MUST be higher than yesterday. If not, we don't take the trade.

Secondly, we identify the last 2 swing hi and last 2 swing lo.

Thirdly, we see which trend it is.

Definition of Bull: Higher Hi and Higher Lo
Definition of Bear: Lower Hi and Higher Lo
Definition of Neutral: The rest

If it is a Bull Market, we set an entry if it breaks the Higher Hi (whatever price + 3pips), we go into the market.

If it is a Bear Market, we set an entry if it breaks the Higher Lo (whatever price - 3pips), we go into the market.

*NOTE: We don't go into a trade, if it is a megaphone formation (Higher Hi and Lower Lo). BUT if it is a Pennant formation (Lower Hi and Higher Lo), we set up two entries to go into the market - One for breaking the Lower Hi & the other one for breaking the Higher Lo.

Lastly, we set the stop loss to be Last Swing Hi for SHORT or Last Swing Lo for LONG. We change the stop loss everytime there is a new Swing Hi (SHORT) or new Swing Lo (LONG). And of course, only Bishop Rule applies here.

That's all folks :)

Your Friend,
Max Tay