A couple of quick things for house keeping.
“Conquer EA” – Benjamin wrote last night and said the current version is only for the 4 hour time frame and he is revising it for the 8 hour now.
Which broker will I use?
I find it very easy to trade the system manually and I prefer to do so in order to understand the market. If I were auto trading I would not be able to improve my trading as I would have no feel for my system and the market. I am still using Oanda which I very much like and feel very secure with.
Bon Voyage
I will be away for a few weeks on retreat. Please see the member area for details (as I prefer to keep private from the world wide web) and how to best reach me if you have any questions.
Is it a good idea to trade in August?
People often ask about the summer doldrums (we have just traded past them!) and trading in August.
Both June and July have been difficult months were discipline and perseverance is necessary. This is a good time to be trading because we know from this market contracting will come a period of expansion.
If you look on the chart below June and July show the lowest volatility with expansion picking up in August and continuing to rise throughout the fall.
Things are not quiet on the global scale and actually very unnerving. The next crisis (however it take place) will happen and the market will open up. Remember in just May this system has achieved +31,785 pips and +59,237 pips so far this year alone. Consistency, how long do you think it will take to make our next 10,000 pips? Having traded through two difficult months (July will be the first month of the year closing in the red), this is the best time to be trading as the expansion of the market will occur sooner with each passing day.
Now December is another question. The chart above is showing the greatest volatility in the month of December however the last two weeks were almost a non-event. This coming year and thereafter there will be no trading from the close of the second week of trading through the start of the New Year.
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