19th November 06 - Finding the Right Mentor

It was said that in trading, or in fact all aspects of life, finding and learning from the RIGHT MENTOR is of utmost importance to one's success.

Do and Don't for finding the RIGHT MENTOR (quoted from fellow trader friend, Anna Wong)

DO: Seek out a mentor who can answer your questions and also give you advice other than just what market to trade. Also, seek a fellow trader with similar experience as you. Sharing ideas and discussing markets with a fellow trader is an enormous benefit.

DON'T: Shell out big bucks for someone who claims they will be your mentor and make you a big winner in futures trading in only a few short weeks or months. The old adage, "If it sounds too good to be true, it probably is" should be heeded in this challenging business.

16th November 06 - RS+1 on Oil

A trade which I waited for weeks. I think my patience paid off :)

Just like other RS+1 trades, the entries are usually beautiful. When you enter, 90% of the time, you're outright in good profits with little or no drawdown. Wanna find out more ?

Maximum intra-day profit from this trade is US$1,970 per contract. A pity I only took US$800 from the table. Anyway, let's move on and wait for the next good trade.

16th November 06 - KOSPI Trading Hours Adjusted

From effect from today, the South Korea KOSPI index futures with start 1hr later and end 1hr later, with respect to Singapore time.

Previous trading hours :: 08:00 - 14:15
New trading hours :: 09:00 - 15:15

If you do use regional analysis in your trading, I believe that the change will impact your trading to a certain extent.

More on that in the coming gathering with fellow traders :)

13th November 06 - RUSE System Gives Multiple BUY Signals

It has been a month or so since the RUSE system last gave an entry. Well, looking from the entries (see above charts) today, it seems like a wait worthwhile ...

For those who are new to this blog, RUSE is a highly accurate trading system to trade up to 5 Asian markets (Nikkei, Kospi, Hang Seng, SIMSCI, TW) at a single go, relying on synchronised momentum-based reversal techniques to catch the markets as it turns.

What I really like about RUSE is that the risk-reward ratio is extremely attractive (can be up to 1:4, meaning risk $1 to make $4)

I have shared this system during my Trading Mastermind Programme. Believed some of my graduates benefited from this move.

Finally, a run-down of the maximum intraday profit (per contract) for RUSE system today:
1) Nikkei - 120pts (S$792)
2) KOSPI - 1.3prs (S$1,084)
3) Hang Seng - 174pts (S$1,740)
4) SIMSCI - 0.8pts (S$160)
5) TW - 1.1pts (S$170)

Slurp slurp, looking forward to the next opportunity :)

8th November 06 - S&P E-mini SELL 1386.75

A SELL call generated by the system on 8th November for S&P E-mini:

SELL Entry: 1,386.75
Target: 1,381.75
Stop: 1,391.75

Result of the trade is a 5pts profit at 1,381.75.

1st November 06 - Specialist Trade in GBP

"Specialist Trap" is a pattern which I learnt from Larry Williams in his course last year. Proved to be one of most consistent momentum setup which I trade upon :)

I am delighted to trade this call 'live' with some of my Indonesian friends. Some quick $$ there.

27th October 06 - S&P E-mini SELL 1391.00

A SELL call generated by the system on 27th October for S&P E-mini:

SELL Entry: 1,391.00
Target: 1,386.00
Stop: 1,396.00

Result of the trade is a breakeven at 1,390.75.