Aloysius Chan's Blog

5 traits of execution factor Vision Self-reflections What could stop you from achieving your vision? How to plan more time for your vision? What will you give up for your vision? How to realign back to your vision? Getting back on track Don't get lost in thinking. Understand timing is everything. Know ideads are a dime a dozen. Make sure your vision is a business. Accept that feedback is a gift. Passion Am I willing to suffer for this idea/product/business/person/company? What is one thing in the past you are emotionally connected to? How emotionally connected are you to this thing you are doing? Action Self-reflections What was your first step? What happened? How did it make your feel? What was the results? Whatever you want to start, you need to start with the first step. Steps to employ before you start Identify additional action steps. Create a time frame. Build in accountability. Anticipate possible obstacles. Create a list of resources. Create a review process. Techniques for...

Stick to using 3 tools Tools must be universally used and simple SMA: 100 bar crosses candle = reversal Draw support level and if 100-bar SMA crosses = downtrend Draw resistance level and if 100-bar SMA crosses it = uptrend

Why traders lose money?   Insufficient education Insufficient practices Trading with the money they can't lose Lack of money management rules Over-leveraging Lack of a proper trading plan Overtrading Entering trade at a bad time Only care about one currency in a pair Dilettantism - insufficient backtest Trading too many pairs Choosing the wrong time frame Trading against the trend Using too many indicators Making careless exits Watching one pair and trading another Not assessing properly the market's technical condition Emotional downfall Acting from basic emotions related to money Being afraid to take a loss Trading on a hunch Feeling a lack of confidence Feeling overconfident Doing too much analysis Trading 24 hours a day Lacking the will to follow own rules Being fearful of pulling the trigger Moving stops Giving up because of disappointment Counting your chickens before they hatch Feeding on adrenaline Feeling the need to be in the market at all times Externalities downfall...

George Soros Global micro king Quantum fund, 16 turn $5m to $1b "The markets are almost always wrong" John Henry Technical trading genius Unique characteristics His discipline His ability to ride trends for significant periods His risk management Philosophies One must have a valid personal philosophy. There is no holy grail to trading. Discipline is more important than genius. Persistence is more important than talent. Performance is more important than capability. ***Ability to create value is more important than ability or creativity in any realm. ***Continue to look for ways and to think about how you can create value. Elliot wave 1: Middle up 2: Short down 3: Long up 4: Short down 5: Middle up A: Middle down B: Short up C: Long down Jim Simons Quant king Renaissance Technologies, Medallion fund Renat Fatkhulin   Founder of MetaQuotes, MetaTrader 4 and 5 Books A book: broker passes order to liquidity pool and earn some mark up. B book: broker deal with the order at desk.

General notes Always use stop loss. Avoid overtrading. Think of risk in terms of percent loss, not pips. Control risk through position sizing. Keep risk consistent for every trade. Do not trail stop too closely. Focus on trades with a good risk-to-reward ratio. Know when to take a break. Indicators Commodities Channel Index (CCI) Line reverse down on 100 = sell Line reverse up on 0 = buy Major events and affecting currencies ADP employment survey USD Balance of goods and services (Trade balance) USD, EUR, GBP, JPY, AUD, NZD, CHF, CAD Central bank rate statements USD, EUR, GBP, JPY, AUD, NZD, CHF, CAD Consumer confidence USD, GBP, CHF Consumer consumption USD, CHF Consumer price index (CPI) USD, EUR, GBP, NZD, CHF, CAD Durable goods orders USD, JPY Employment change USD, AUD, NZD, CAD Gross domestic product (GDP) USD, EUR, GBP, JPY, AUD, NZD, CHF, CAD IFO business climate survey EUR ISM manufacturing USD KOF economic barometer CHF M3 money supply EUR Producer price index (PPI) USD, EUR,...

  Currency Going down Rise in employment Fall in GDP Fall in exports Fall in interest rates Geopolitical tensions Natural disasters Threat of terrorism Going up More jobs Rise in GDP Rise in exports Rise in interest rates Super-stable political system Discovery of gigantic oil or mineral resources Essentials in trading Technical analysis Fundamental analysis Sentiment analysis Capital analysis Overall analysis Chart patterns Double top: trend reverse down Double bottom: trend reverse up Triple top (head and shoulder): trend fall Triple bottom: trend rise Saucer top: trend reverse down Saucer bottom: trend reverse up Rising wedge (6 points touch): trend down Falling wedge: trend up Rising wedge during downtrend: follow Falling wedge during uptrend: follow Symmetrical triangle: follow the up or down trend Rectangle (neutral): follow the up or down trend Ascending triangle: up trend Descending triangle: down trend Candle Doji: open and close almost the same price Morning star: long be...

Potential correlate markets (secondary following) Gold ∝ US dollar WTI oil ∝ USD/CAD WTI oil ∝ USD/NOK WTI oil = CAD/JPY Copper = S&P 500 Nikkei 225 = USD/JPY EUR/JPY = S&P 500 Nikkei 225 = S&P 500 VIX ∝ S&P 500 Key indexes VIX, CBOE CRB, Commodity Research Bureau CCI, Commodity Channel Index TED spread: difference of the three-month Treasury bill and the three-month LIBOR Treasury Inflation-Protected Securities (TIPS): protection against inflation Currency Weak currency good for export and bad for import. Rising inflation signals economic health, but may also lead to inflow from overseas which strengthen the home currency. Data to be used GDP CPI Employment data and NFP PPI PMI Trade balance Retail sales Housing data US pending home sales Building permits Loans and mortgage data Composite indices CB Consumer confidence index Candle stick The hammer: small top, long bottom wick: reverse bottom Shooting star: small bottom, long top wick: reve...

Popular chart pattern Ascending triangle Descending triangle Triangle Channel down Channel up Rising wedge Rectangle Head and shoulders Inverse head and shoulders Triple top Triple bottom Continuation Reversal Continuation and reversal Basic technical indicators Fibonacci Golden ratio of 61.8%, 1:1.618, 0.618:1 VT Pivot point indicator Finding potential support and resistance level Major economic announcement Election and referendum results Corporate earnings of major companies (Apple, Cisco, banks) Major political events: wars, military or terrorist attacks, warlike rhetoric Bankruptcy of major market participants Sovereign debt auction results Natural or human-made disasters Prices of commodities Government policies: deficit spending, trade restrictions Currency weaken factors Borrow too much Have large trade deficits Pay low interest rates on deposits Have low rates of economic growth High unemployment rates Engage in wars Main economic announcement Nonfarm payroll (NFP)/employment ...

 Reasons for clients to switch account Complacency Sense of entitlement Apathy and lack of communication Resentment New stakeholders Long-unaddressed needs and changes Unaddressed systematic challenges Value creation Product Good product or service Service Outstanding service Outstanding support Good product or service Business results Solves tangible business problems Outstanding service and support Good product or service Strategic partner Strategic outcomes Envision the future Integrated Relationship value and economic value of value creation Level one Transactional Product or service Vendor Level two Experience Support or service Supplier Level three ROI Tangible business outcomes Preferred vendor Level four Strategic Proactive Trusted adviser Discovery Individual = Intentional + Behavioural Exterior = Behavioural + Systems Collective = Systems + Culture Interior = Culture + Intentional Intentional Values Status Levels Types Motivation Preferences Behavioural Key performance in...

Empathy and ego drive is the characteristic for top salesperson. Top salesperson also focused on the customer instead of the sale. Rules of selling Know your product. Know your competition. Work harder. Be organised. Be assertive and consistent. Be honest. A salesperson is fearless and ask probing questions Why a salesperson fail He do not enjoy what he does. He is not finding the right decision-maker. Failure to ask questions and be curious. Not making enough calls. Sell benefits and not features. Forget about scripts, they will never work. Don't just learn how to handle objection but understand what the customer really meant. Setting goals helps the entire sales process. CRAP Caring Relationships Attitude Passion

Reasons people do not ask for help (choose 1 that best reflect your situation) Underestimated other's willingness and ability to help. Overly self-reliance, Suspect on social cost for the help. Work culture lacks psychological safety. Systems, procedures or structure of your organisation get in your way. Do not know how or what to request. Have not earn the privilege of asking for help. We could be selfish. Guidelines for giver-requesters Give without string attached or expectations of return. Give freely and know your limits to avoid generosity burnout. Ask for help freely and avoid dependent help-seeking. See it long-term as in the long run you will be giving and seeking. Examples of asking for help I am currently working on ... and I could use help to ... One of my urgent tasks is to ... and I need to ... I am struggling to ... and I would benefit from ... One of the biggest challenges in my life is to ... and I need advice on ... My biggest hope is to ... and I need ...

  Power of compounding: double it 30 times and it is a billion times better. Types of needs Certainty Variety/uncertainty Significance Love and connection Growth Contribution Understand what is driving you allows you to eliminate the self-imposed roadblocks and prioritise your needs in a more fulfilling and impactful way. If financial advisor's advises work, why they are not making themselves rich? Investment rules Have a clearly defined plan. Create a net worth statement. Know your financial goals and develop a financial plan. Run a projection. Determine if you need to adjust your goal. Construct a customised portfolio. Build a portfolio that aligns with your goals. Revisit the plan. Reducing your premium to save money. Avoid umbrella policy that does blanket cover on items you do not need or with excess coverage that is beyond your current financial standing. Annuities are like Hotel California: once you check out but never leave. Estate planning Incapacity planning Distribution ...

Builder personality Driver (Apple) Motivation Relentless, commercially focused, highly confidence. Born entrepreneur, cannot stay employed for long. Decision-making mode Initially intuition-based, then seeks data and other external points of reference. Management approach Hands-on, directive, exacting with low or no tolerance for failure. Leadership style Results- and outcomes-focused, attracts high performers and scares off weak followers. Strengths Intuition and fact-based analysis anticipate market earlier than competitors. "I know what customer wants, trust me". Tenacity, ambition, and clear focus. Weaknesses Missed market shifts with over-identifications. Impatience with people who do not get appeal to your idea. Issues with empowering expanded team. Growth strategy Converting ideas into product. Market sensing. Product-market fit. Product narcissism. Galvanising individual talent for collaborative impact. Attracts experts. Over-controlling and under-forgiving. Alignment...