jmot’s Blog

Speedlinking on 4 Nov 08

Posted by jmot in Tuesday, November 4th 2008 under: Links No Tags

My trading results for Oct 08 are out. Not impressive, but it will do. Another month of last-minute comeback to the positive territory. I guess I still have a lot to work on on my psychology…

I’d like to share some high quality reading materials:

I find articles from Dr Ned Gandevani of high substance…I am considering to buy his book “How to become a Successful Trader”. Dr Ned, like Dr Brett, focuses a lot on trading psychology.
Wait! Perhaps I will wait for Dr Brett Steenbarger’s upcoming book: “The Daily Trading Coach“. Interesting - technique to self-coach ourselves to trading success! I reckon nobody will doubt Dr Brett’s authority in this domain.
Corey from afraidtotrade.com shares a good intro article to Elliot Wave
Why “the trend is your friend“? - Best Syndication
A fresh new perspective on free forex trading seminars (aka free forex previews in local context) - American Chronicle

Meanwhile, happy pippin’!

If you find this post or this blog is helpful to you in any way...do consider buying jmot a kopi (aka coffee)!

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12 Comments Already

Brendan Said,

November 5th, 2008 @10:35 am

For your trading performance, actually that looks pretty ok to me.

jmot Said,

November 5th, 2008 @1:59 pm

thanks Brendan for your encouragement

nothing near your results…btw, i was asking about your strategy on your site. what timeframe is your strategy trading on? do you use any indicators? it seems that your strategy works for many currencies. does it work for any currency?

November 5th, 2008 @2:18 pm

My time frame is less than 3 days.

I use a combination of indicators. Actually I do backtest on many indicators, and I only use those that prove to be most profitable.

Say RSI is suitable for GBPUSD, it may not be suitable for AUDUSD.

My system works for all the major currencies.

You can choose to open ForexYard or IG Markets from my website.

November 6th, 2008 @9:31 am

are you using daily charts? 15 min chart?

November 6th, 2008 @9:57 am

Dont worry I will tell you when you open forex platform account from my website.

November 10th, 2008 @10:32 am

hi Brendan, i am actually looking for a strategy on daily charts. i am not able to cope with smaller timeframes. pls let me know if your strategy apply on a daily chart

November 11th, 2008 @1:14 pm

I used to build my model with daily charts, then I find out that I will have to place my stop very far (200 - 300 pips). This is too high risk for me.

Then I modify my model with hourly chart. Result is that I achieve almost the same success rate (70%), and I do not have to place my stop too far (usually 100 pips or less).

Why insist on Daily charts? Eventually if the system is profitable, that is most important.

November 13th, 2008 @10:03 am

hi Brendan, are you trading full time yourself?

i disagree with your last statement. personally, i feel that finding a suitable timeframe is crucial to one’s success, especially for aspiring traders who started off trading part-time. for some, their job commitment simply does not allow them to trade smaller timeframe charts. i am one of them i started with 5 min charts, 15 min charts and now i am feeling most comfortable trading hourly charts. mmm, may do up a post on this