Back Online :)
March 15, 2008
Hello Friends,
Please accept my apologies for the website and email being down for the last 24 Hr. I am extremely disappointed with my hosting company especially when they promise to offer 24/7/365 service.
Anyways we are back in business now and everything should be as per normal. I posted today’s trade and results on Forex Factory and feel free to check them there.
Regards
Oz
Increased Volatility
March 13, 2008
Hello Friends,
We are seeing some extreme volatility in the market and I suspect further intervention by the US (Central Bank or FOMC) in coming days. I would be focusing on Squeeze-More to capture short term trends that seems to be pretty strong right now.
Please note that there will not be any official signals for Squeeze-More.
Cheers,
Oz
Committed to Succeed…Are You?
March 10, 2008
Hello Friends,
In the last two months since the system was made public I’ve tried my best to help traders on the forums and also via emails and PM. However I think there are still many traders that get left behind and are not able to make most out of it. Currently there are more than 3000 subscribers to email alerts but I don’t see all those people reporting profits or asking questions, which makes me think “Why?“. Perhaps most of them are already very comfortable with the system and there is nothing to ask. If thats the case then I would like to request those people to help other new starters and try to answer their questions Or perhaps they do ask questions but don’t get reply in time and then they move on feeling helpless.
This makes me think “How?“. How can we help more people or the people who already involved to become better traders? So here is what I came up with.
A Personal Phone Call, 1:1 chat with traders who needs help. I am happy to give away few hours on the weekend to call as many traders as I can and help them to get started. If you are interested then reply back on this email address only: GetStarted@ozfx.com.au
I’ll randomly choose people and call them at a mutually agreed time. Before the chat please make sure you have been through the following links:
http://www.ozfx.com.au/forex-system-revealed/
http://www.ozfx.com.au/2008/01/23/advance-entry-signals-aes/
http://www.ozfx.com.au/2008/01/08/advance-stop-loss-sl/
http://www.ozfx.com.au/faq/
http://www.ozfx.com.au/squeeze-more/
http://www.ozfx.com.au/2008/02/06/lots-how-many/
I am committed to your success, the question is… Are You? 
Cheers,
Oz
P.S. Conversation only limited to English at this stage
P.S. There is no charge/fees for calls and it doesn’t matter what country you live in.
Trader…for Life?
March 4, 2008
Hello Friends,
I hope you are doing great. Today I would like to share few things that I believe are important to know as a trader. I want talk about a method which keeps your account always in green. You will get to a point where you will have a good run and you will make some cash only to loose it all and go back to your starting capital few trades later. If you already experienced this phenomenon then great, if you haven’t then I hope you do (earlier the better)
Our brain constantly battles between two emotions, Greed and Fear. When we see some green in your account, the “Greed” takes over and we start to bet more and take more risk. Basically starts to enter trades that we are not so sure about and skew the Money Management rule to make more profit. Life is even harder for people who trade with little amount since they have increased pressure of quickly doubling and multiplying their account several times over.
So here is the tip on how not to loose once you made some cash. Here is what you can do. Every time your account balance go up by 15-20% you take it out, either withdraw that money or move it into a different trading account. This way you don’t see that money in your account and you don’t fall into taking unnecessary risk.
This all sounds good but you might ask “How am I going to increase my equity so I can trade more lots? “. So this is what you can do. From the 20% you have taken out, put 50% away for trading, 10% for just for fun and rest 40% for everything else like paying bills, food etc. I personally think that the 10% is the most important part. When you use this 10% to do things that you love doing then your brain starts relating to trading as fun and rewarding exercise rather then just another way of making money. Bottom line is that we should try to have more fun and you would see that money would just come along as part of it. I would like to call this Advanced Money Management (AMM, another acronym for you )
If you think that above make sense then I would like to ask you to go and have fun with your 10% (10% of 20% total) and share your experience on the forum. It doesn’t have to big expensive holiday, even a nice dinner with your family would count
Cheers,
Oz
Feedback
February 17, 2008
Hello Friends,
We have come a long way since the opening of this blog and posting my strategy on Forex Factory on Jan’07 2008. So far we already have more than 4000 email subscribers for daily alerts. We also have more than 500,000 views and almost 7000 replies just on FF alone. Not to mention similar results on other forums as well.
If you liked what you have seen so far then can I ask you to leave some feedback for others to read and spread the word. Whenever you have spare 2 minutes please go here and leave a feedback:
http://www.forexpeacearmy.com/public/review/www.OzFx.com.au
http://www.forexjustice.com/review_section/forex_signal_reviews/ozfx.com.au.html
These websites are referred by many and your feedback would help them a lot. To have your review posted try to add bit more details about your experience rather than one-liners
Thanks
Oz
Quick Recap
February 11, 2008
Hello Friends,
It has been an incredible run so far. I posted the systems 5 weeks ago on Forex Factory and since then we have made +2070 Pips (with 200SMA filter). This month has been slow so far due to Chinese New Year holidays, however we are still up by +150 pips. So far we have 20/23 successful trades in total. Also note that there is a holiday in Japan today, you can expect low volume in Asian session.
I was checking thread stats on Forex Factory and there are more than 2000 replies and about 170,000 views already. We now also have more than 1100 subscribers for email alerts. These are incredible number in such a short time. I would like to thank you all for the continued support.
If you have just started to follow this system then I would recommend to read the FAQ on my blog and demo this strategy for few weeks before you put real money on it. Regardig the increasing demand for providing professional service I am still working on it and will advise you when it is ready to rock and roll
Lets hope this week brings us more pips and prosperity.
Cheers,
Oz
Broker…Which One?
February 8, 2008
Hello Friends,
I’ve received numerous request to reveal the brokers I personally use. I also saw a number of post on the forums asking help to find the best broker. Hence this post
As I have mentioned before that I use ODL demo for my charts so I would recommend you to do the same. These charts are free and you can use them as long as you like. I personally have been using them for over an year now and never had any problem.
However for live account I use two brokers, they are MBT and Oanda. Here is the comparison between the two:
- They both have tight spreads, however MBT is commission based.
- The leverage offered by Oanda is 50:1 as compared to 100:1 for MBT.
- You can open account in USD only for MBT but Oanda has option for EUR and USD.
- Oanda doesn’t require minimum initial deposit however MBT requires $400 initial minimum deposit.
- They both don’t support MT4.
- Most important - both are honest and I never had problem withdrawing funds from them.
Please note that my recommendations are based on personal use and experience and I don’t receive any kickbacks from any of the brokers.
Another reason I am recommending these broker is because I am working on something that can make your trading completely “Hands Free”. Details to come later
Please feel free to research other brokers and go on with the one that you are comfortable with.
Cheers,
Oz
Lots…How Many?
February 6, 2008
Hello Everyone,
I see a few people trading with Micro accounts and wondering how many lots they should trade with? Please note the following also apply for standard and mini accounts:
The easy way to find how many lots you can trade can be found out by simply considering the risk and not risking more than 3% of your equity in one trade.
For example if you have $1000 then 3% is $30. If you are trading micro with every pips worth 10 cent then If you SL is 100 pip away, you are risking $10, hence you can trade 3 micro lots on one trade.
As you start building up your account you can increase the lot size based on the above calculation. Also make sure you don’t risk more than 8-9% of your total equity at one time on all trades combined.
Hope this helps.
Cheers,
OzFx
Brand New Forum
January 30, 2008
Hello Friends,
I’ve created a new forum for all us on my blog. The idea is to keep the discussion of the two system separate and make it easier for people to follow.
Please feel free to visit and register Here.
Cheers,
OzFx
200 SMA Filter
January 30, 2008
Many trades seems to be concerned about using or not using 200SMA as a filter. So I would like to clarify few things.
Using the 200SMA filter and AES gives us plenty of signals every week. 200SMA does keep us out of many profitable trade which are against the trend. However we are not trying to capture every move.
It is not the number of pips which is important. If you can constantly make even 100 pips in a month, you can make a lot of money by using right number of lots.
Fewer but more successful trades is the way to go.
Cheers,
OzFx
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