This morning I presented a webinar for Trading Post Financial discussing how to trade around your day job. If you missed it don’t worry because it was recorded and I will make the slides available shortly.

During Rob Booker’s presentation on support and resistance the USD/CAD came up and a trader in the room stated they believed the pair was ready for a fall. No more than one hour later the pair rallied to a new daily high.

I bring this up because traders constantly try to pick the end of a rally only to get run over. There is no such thing as an “oversold” or “overbought” market. Regardless of what an indicator or expert tells you the market will run as long as it wants. My plea to you is this:

Stop trying to guess where rallies end and join the trend!

In an uptrend buy the pull backs. In a down trend sell the rallies.  It is simpler and makes an equity curve that is more popular at parties.

Ryan

I’ve been quite on the blog but that doesn’t mean I haven’t been hard at work. In my last post I asked for feedback on the blog and you certainly delivered! I received several emails containing fantastic comments or suggestions which I have taken to heart. Thank you for sharing your opinions with me!

The main reason I started blogging was to help struggling traders make some money and improve their trading skills. I suspected the majority of my readers are trying to trade around full-time jobs and given your feedback it is clear we need to focus on longer term trading. So here are some changes you can expect to see on my blog very shortly.

1. I have developed and traded (with live dollars) a system which almost anyone can trade around a full time job. We will discuss it on this blog in the coming days and trade it live.
2. For trading content, I will begin using video instead of screen shots to share the setup with you. I think this will be more enjoyable and allow me to explain my thought process better than a written post.
3. I do not post every trade I take to the blog for a variety of reasons but I think each trade has a lesson we can learn from so every Sunday I will try to post a wrap up video to cover all the activity of the week.

Will GotForex Doom This Blog?

As you know Rob Booker has invited me to blog at his website GotForex.com which is affiliated with InterbankFX. One reader questioned if this would affect the content of this blog which I think is an excellent and fair question.  The answer is no. My personal blog is focused on helping you find and make good trades. I actually put my own money behind every trade I post on this blog.  RyanOkeefe.com is your window into my personal trading desk which is not the content GotForex.com is looking for.

So please don’t worry that one will affect the other, we will all live happily ever after.

Online Seminar at Trading Post Financial

I’m excited to be a presenter at Trading Post Financial’s monthly online seminar this Tuesday the 21st at 8am Pacific Time. I will discuss long term trading techniques which are ideal for traders who work full-time jobs.

This is a free event and if you would like to register click here.

If you can’t attend don’t worry, everything I present on Tuesday will be discussed here on my personal blog as well.

I hope your having a great October!

Ryan

Photo Credit: samk

I wasn’t interested in trading during “bailout mania” but now I am back on the hunt for a good trade to blog.

Today however I want to catch you up on some personal news and ask for your help.

Good Friends

Last weekend I had the pleasure of showing off Seattle to my good friend Rob Booker whom many of you are familiar with. He came to town with Matt Schneider of Interbank FX to conduct a free trading seminar. If you haven’t seen a Rob Booker presentation you are missing out.

Rob invited me to blog for his website, GotForex.com which I am really excited about. I will have more details shortly but this news brings me to my next topic, which I need your help with.

Milestones

In October my blog turns a year old and is growing faster than I could have imagined. Last month was the busiest ever with over a thousand unique visitors nearly eight thousand visits!

I have ran a survey for nearly a month which indicates 58% of the survey participants work full-time and are trying to trade around their careers.  With this information I question how useful it is to blog trades based on the four hour time frame.  How many of you can actually trade off that time frame if the trade comes in the middle of the day?

I have some ideas to make this blog more useful to everyone but I’d like to hear what you think.

What would you change? What topics or content would you like to see? What don’t you like?

Email your thoughts to pipcoach@gmail.com.

I want you to know that I truly appreciate the time you set aside to read my blog. Thank you for a great first year!

September Results

Richie posted a comment asking why I hadn’t updated the blog with my September trading results. Truth is I didn’t realize anyone cared to know. My goal is to make you a better trader by blogging solid trade setups and letting you learn from my mistakes (I mean experience). I haven’t posted my personal results regularly because I take trades that aren’t blogged and I’m not trying to prove anything, I just want to help you out. But for those of you who are dying of curiosity September was slow month. I booked 125.8 points with four winners and four losers.

Ryan

Photo Credit: smcgee