Sunday, December 03, 2006

New Lifestyle Leads To New Trading Plan.


After 3 months trying to settle down with my new lifestyle in a new place, I've totally neglected the forex market. No more news release wait-ups for me, no more CPI, GDP updates, and no more Bernanke pep-talk. I have almost no time for all the news release now especially the new business I'm into now.

Throughout these months, I've kept on 1 single fundamental bias, which is that I'm always negative on the greenback despite the strength it's shown for the past 2 months. I've been back on demo trading 2 months ago, but due to the circumstances that I no longer follow news release as often as I used to be, it's totally impossible and ignorant if I were to trade currency, it's just not my style to trade something that I've lost track and knowledge in it. Therefore, I trade commodities. Many of you might know that my failures in past experiences in commodities has lead me many falls, even margin calls. It's in my nature of curiousity that WHY I can predict and trade the currency market without failure( my past posts here has proven countless times in economic data) and why I can't do the same for commodities. Frankly speaking, I still don't have the answers yet, because I stopped predicting in the commodities market. I just let them flow.

My past performance in the past 2 months has brought me from USD 100'000 demo account to current status of USD$160'000 without the current flowing margin of another $USD 25'000 (Please view the print screen above).

I don't do currency at all, only commodities. My recent performance record in the CityTrader.info competition has even lead to any breakthrough. In 5 trading days, with USD$100'000 capital as well, I managed to make 111%. Because I found out about the competition pretty late, I only managed to enter the trades once and let it flow, YET it's 111% profit. My concept is simple, look at the long term fundamentals, get into the right price, and stock up your trades with a minimal volume at 1 time. For me I will only use 10% for each trade. Each times it goes down or up of a fixed pips, I will make another trade, doubling up my trade. Simple and unbelievable? I will be more than happy to share my new trading plan and my existing knowledge with othe enthusiac forex traders. Email me at gohrayson@yahoo.com with your questions and I'll do my best to help you out.

All the BEST!
Happy Trading!