Greek's Sunday Election Impact On The Market

Dear fellow ETP Traders,

As of 15 June 2012, Gold (XAU) price has been slowly gaining momentum to climb towards the 150 Day Moving Average (DMA). This is a critical support level that has been broken in mid Nov 2011 and in early Mar 2012. So far, Gold price has not been bullish since the beginning of 2012. Prices have been moving up & down, but have yielded price movements which provided great opportunities for swing traders who took both sides (buy & sell) of the trades.

Gold price has been moving up lately, partly due to the Spain banking bailout for the moment. But this Sunday, investors wait with bated breath of the outcome of Greek election. Will the hard-left bailout-denouncing Syriza party win the election? If so, will the leaders declare their intention to default on Greece's debt and leave the Euro Zone. Experts felt that the impact has been factored into the market. They have been used to discounting and anticipating the failure of Greece's government to meet its financial obligations.



So will the outcome of the Greek election create a major impact to the Gold price movement? Watch the price level at the 150 DMA very closely. If it breaks below this support line again, I will be very cautious with my Gold buying strategy. I will take more opportunities with my sell trades.

Take care,

Tony Chai

Is this recent Bullish Gold movement sustainable?

Hi fellow ETP Auto Traders,

Gold spiked about USD60 on Friday, 1 June 2012, riding on the dismay news of the US Job Report for May 2012. But is this bullish movement sustainable? Gold prices went up about USD20 on 6 June 2012 but sizzled out at the end of US trading hours.

I don't like to predict Gold's movement. Anyway, no one can predict how any market is moving. I can only be more cautious of the bullish gold movement. That's how I have adjusted my ETP set file. I ensure the entry is more stringent. And when the entry is triggered, I will make sure that I don't ride the profit too far ie. I manually exit my trade if I am able to capture at least 50 to 60% of my profit target.

Yours Truly,

Tony Chai

My Live Trading So Far

Dear fellow ETP Traders,

I have been live trading with the ETP System since October 2011. I trade mainly on Gold and I use the 15 minutes time frame to trade the buy and sell sides of this commodity. I have been tweaking the ETP set file to fit the changing market conditions since then until today.

I've decided to show you my FXDD transaction details to show you how I've been doing these past 2 months. As I'm still learning how to adjust the parameters of the ETP set file to suit various market conditions, I have been trading very small lots (ie. usually 0.02 to 0.03 lot size) to remove the emotions of fear and greed from my trades. Besides, I have a day job to attend to thus by trading smaller lots, I am not emotionally attached to check my trades every now and then.

Monthly Statement for May 2012

Monthly Statement for April 2012

Currently, I have adjusted my set file to trade Gold in the 15 minutes time frame with a bias more towards the sell side. I may adjust the parameters to the more bullish side when the Gold price starts turning bullish.


Yours Truly,

Tony Chai

PS. There's no holy grail ETP set file or any trading system in the world that can make money in any market conditions. So in my case, I will develop the discipline to keep monitoring and adjusting the parameters to adapt to changing market conditions.

ETP System - Automatic Forex Trading System

Dear fellow traders,



http://calendar.etpsystem.com/
http://www.etpsystem.com/


Good Trading!

Tony Chai

A Good Automatic Forex Trading System?

Dear fellow traders,

If you want a trading system that :

1) does not require you to be glued to your seat and stare at your laptop screen continuously hunting for trades

2) trade for you automatically while you are sleeping, working or while you’re having your vacation

3) have full control of a automatic trading system where you can adjust the criterias  accordingly to the changing  market conditions ie. this system is a white-box trading system

4) you’re already sick of losing money with the countless black box EA that you’ve bought from the market. Up till now, you have no clue how these black box ES work and whether they will still earn money when the market conditions have changed

5) takes into the considerations of the 4 pillars of a good trading system, which are :
i) Entry Management
ii) Exit Management
iii) Money Management and
iv) Risks Management

6) there is a 2 full-day workshop which explains the workings of this automatic trading system and most importantly, teaches you how to adjust these criterias in the system. There are on-going workshops to refresh what you’ve learned and advanced sessions to develop  strategies that suit your risks/rewards appetite

7) as you become more experienced with system, you will be able to maintain and eventually grow your profitable run to achieve your path towards financial freedom. To me, financial freedom is not about getting rich quick. It is about having enough finances to settle your monthly expenses and the freedom to enjoy what you’re doing eg. a hobby, a vacation, have more time with your loved ones or even stay in the job that you enjoy. 

8) gives you the flexibility to trade a variety of trading instruments, including foreign currencies and commodities like gold, silver and even oil.

If you aspire to have an auto trading system with the above qualities that match your trading style and objectives, why not give yourself a chance and attend a no-obligation 2 hours free workshop preview before you decide. You can find the schedule of the upcoming workshop preview here

Good News!! If you decide to sign up for the 2 day workshop, the organizer has specially allow me to offer you the following discount code to you so that you can grab a S$250 discount off the workshop costs. But this discount code is not going to last forever. Thus, I would like to advise you to take advantage of this discount code to claim your S$250 discount while it is still available.

The discount code is : 08009J

You can call +65 8188 7488 or
register online at : http://www.etpsystem.com/

Location :
10 Anson Road #19-14,
International Plaza,
Singapore 079903
(above Tanjong Pagar MRT)

Good Luck With Your Trading!

Tony Chai