Friday, June 20, 2008

Reasons for inactivity

hi all, sorry to disappoint you with my lack of activity. I am very busy as I am a undergrad student. I shall review on my past forex system now since I am having a break and I m basically free and bored.

The method that I was using is a very accurate one with very low drawdowns since it uses the short 15mins time frame. However, it is very and too time consuming. It made me stare at my monitor almost 12hrs per day just to look out for trades. I had been studying, watching movies, and monitor the charts simultaneously just to be able to find a good trade.
I do not encourage any busy person to adopt that strategy which consumed my life. However, I am very happy with the result I got. $2000 to $25000! in 7 months of intensive trading! and high risk!
This method in short requires constant monitoring of charts, otherwise, it is hard to go into any trade, trades would most likely be missed without close monitoring.


So where am I heading to? I am in search of a simple strategy which requires only 10mins a day of looking at charts. I believe with pro money management, I can still achieve my million dollar target.

I have closed my first fund of $2000 (I call it EXPERIENCE Fund) which grew to about $25000.

I will now open up 2 funds based on 2 different daily systems which do not take up much time.

One of the funds is called KRIS Fund. KRIS will be based on Stochastic Accelerator system which I will write more about next week.

The other is called EASY Fund based on a daily breakout system.

The trading rules will be released shortly.

I will also try my best to post daily signals at 0000GMT