Monthly Savings Expenses Feb (updated) - forex trading platform mac os x

Monthly Savings Expenses Feb (updated) ~ forex trading platform mac os x

Monthly Savings & Expenses Feb 2016

Ok ok ok! The crunch month has finally ended! This is the most challenging challenge month (other than Christmas) for me! The month of Chinese New Year, the month when my
bank account is expected to take a beating; Left, Right and Centre! Kapow!!! The budgeting for the whole year could burst in this very month! 

Heres what i spent on...

Monthly Expenses Feb 2016

House ($599.10) - Grocery shopping trips to NTUC, Giant or other supermarkets are included here. New addition to this month was a $330 storeroom rack installed. Its always good to look into your storeroom every now and then as this major shifting of my storeroom items resulted in many items which i probably forgot of its existence but actually good for resale. Hey! Its Carousell time!

Gifts ($794.35) - Whoa, where did all that money come from  go to? Red packet (Ang bao) blessings to family, relatives and friends. Can this be considered as giving back to society? Hmm probably not..but giving out these money actually felt good!

Food & Eating out ($548.95) - Ohhh gimme a break...whats a festive season without eating out and good food? LoL.

Transport & Taxi ($104.95) - I am just glad its not more. Taxi trips for CNY visiting is no small matter, especially when the road is all quiet at times.

Communication ($40.00) - Cant complain here, my M1 bill is still on 3G plan but i have 12 GB of data while everyone else is on....what? 3GB? 4GB?

Entertainment ($65.40) - Its been awhile since i last went to the movies at a cinema and there is nothing quite like watching a movie at the cinema but gosh, its $12.50 a ticket!

Baby ($423.00) - Its the usual stuffs, diapers, milk, rash cream, food and toys.

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Monthly Savings Feb 2016

Date	Amt	Item
01/02/2016	447.12	Balance from Jan 2016
05/02/2016	26.5	52weeks
15/02/2016	26.5	52weeks
19/02/2016	26.5	52weeks
26/02/2016	26.5	52weeks
11/02/2016	2	Avengers Keychain
11/02/2016	2	Avengers Keychain
11/02/2016	5	Avengers Windscreen Shield
14/02/2016	3.6	Old newspaper
04/02/2016	2	Hamster bedding
01/02/2016	1.07	Bank transfer ocbc
01/02/2016	1	Bank transfer uob
10/02/2016	4.24	Bank transfer ocbc
10/02/2016	1	Bank transfer uob
15/02/2016	7.14	Bank transfer uob
15/02/2016	0.52	Bank transfer ocbc
29/02/2016	1	Bank transfer uob
29/02/2016	6.88	Bank transfer ocbc
19/02/2016	1	Bank transfer ocbc
19/02/2016	4.41	Bank transfer uob
Total	595.94

52 Weeks Increasing Money Challenge

($106) - Automation works like a charm! 4 weeks of $26.50! Yeah!

Carousell

($14.60) Someone is buying my stuffs! Check it out yo!
These are stuffs lying around my house and I am just glad to let go even a low prices.
And oh, i cleared out a ton of old newspapers, magazines and papery stuffs during my CNY mini spring cleaning...for $3.60. Well, that settled my breakfast for the day. :)

(p.s. Thats 4 less things from my 52 less things challenge!)

Bank Balance Transfer 

($28.22) Research have shown that if you constantly do something for 21 days, it will develop into a habit.

Having done this for 3 months, i can say that its working on me. Every time i see any loose balance in my account, i am tempted to transfer that into savings.

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Once again i have witnessed how fast time passes just by looking at the rate my little girl is growing and have the feeling that i am still not saving enough.

If you are not doing any saving for some time, today is a good day to start. 

Set up a 2nd bank account if you dont already have one, check out how i set my automated fund transfer every week to my "Everything Monthly Balance". Let the power of automation do its magic, and then go back to your slacking ways. Haha. :)

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Slow Turtle System - forex trading sessions gmt

Slow Turtle System ~ forex trading sessions gmt

Turtle trading system originally developed by Richard Dennis and William Eckhardt and now being used by possibly hundreds of hedge funds to manage currencies, stocks, and commodities.

They made a bet and then used very minimal criteria to select a group of students to teach.

These students became the original “turtles” (named after the Turtle system that they were taught) and most of them went on to manage fairly impres- sive funds. All of them were sworn to secrecy about the details of the original system. However, I doubt at this point any of them use that original

system and if they do, it is certainly not the version we want to be using, the Turtles trade trends.

Basically, if a commodity or stock is breaking to new highs, the idea is that that momentum should continue and you should just ride the asset until it is no longer making new highs. By trading a basket of uncorrelated markets, you can take advantage of the fact that at any given point, some where in the financial universe, something is in a bull market.

Trend-following can offer huge returns. If you catch close to the beginning of a huge bull move in a market, the returns on that trade can be multiples of 100 percent. Similarly, the drawdowns can be enormous. Dennis himself has gone in and out of the hedge fund business several times, most recently closing shop in 2000, primarily because his drawdowns have been immense and clients have withdrawn money. The key to success in a trend-following system is not in picking the right entries and exits, but merely staying in the game to be able to withstand the drawdowns. That said, if one chooses a basket of assets carefully so that they are as uncorrelated as possible, it may be possible to smooth out drawdowns. We will see a simple example of that possibility in a bit.

The version presented here is based onone told to me by a manager of a multibillion-dollar trend-following fund. Al-though most of the systems presented in this book are short-term countertrend systems, I do think a properly diversified trading strategy should

include some trend-following component. This is the system I currently use:

Buy if an asset’s 22-week closing simple moving average crosses over its 55-week closing moving average; buy at the market open the next

Monday.

Sell if an asset’s 22-week closing simple moving average crosses under its 55-week closing moving average; sell at the market open the next Monday.

Note the simplicity of the method. The more complicated a system is, the more likely it is to suffer from severe curve fitting. Basically, I am not as interested in using complicated methods from quantum mechanics to identify trends. If an asset is moving up so that its slow- and fast-moving av-

erages are moving up, then I am happy to say it is trending.

Why no shorting? As we have seen in Technique 5, shorting is not necessarily the opposite of going long. Along with the fact that the markets have a natural bias to move upward over the past one hundred years, your upside is also capped at a 100 percent. When following a long-term trend following system, it is possible to have trades that make well over 100 percent. Also, if you choose your basket of assets correctly, you can be going long some assets, while other assets are on their downtrends.

EXAMPLES

S&P 500, June 1958 to June 1961

The lowest line in Figure 1 represents the 55-week moving average. The line directly above it represents the 22-week exponential moving average.

On June 23, 1958, the lines crossed, and we bought at the open of the next week holding until the bottom line crossed under on May 2, 1960, when we closed out the trade for a 19.6 percent profit. The market seesawed for a year or so afterwards before we bought again on January 3, 1961, at the start of the next bull market that lasted throughout the 1960s.

Slow Turtle System

S&P 500, July 1987 to May, 2003

Of course, no trend-following system would be worth its weight in salt if it did not capture the trend that occurred throughout the 1990s as shown in Figure 7.2. As seen in the figure, the system was long the market from February 19, 1991, right after the Gulf War, until December 11, 2000, for a 271 percent return. (Also see Table 7.1, Table 7.2 , and Table 7.3 .

You can, of course, run this system on stocks. Table 7.3 shows the results of the system on Nasdaq 100 stocks, starting with $1M and using 2 percent of equity per trade. The system was almost always in the market and had, of course, its equity peak at the peak of the bull market in 2000 (see Figure 3, ).

Figure 4 shows the annual returns of the system.

Using the Turtle system on stocks, you would have been able to maximize the advantages of the bull market while keeping drawdowns some what low in the bear market even though they existed. Notably, despite being a horrible year for the broader market, 2001 was up 8 percent in this

system. The annual returns are shown in Table 4.

Results for Turtle System on the S$P 500

  

S&P 500 Weekly chart Turtle System

  

Trades for slow Turtle on S&P 500

Looking at Figure 5 , an analysis of the maximum adverse excursion (the amount a trade went negative before closing out), the light gray trades represent the trades that eventually were closed out as profitable trades but underwent a drawdown in the process. One trade was as much as 40 percent down before returning to profitability, and 17 trades were between 20 percent and 40 percent down before returning to prof- itability. We can see in the results that the maximum drawdown from peak to low was slightly over 58 percent. Nevertheless, this system greatly out performed the market from 1998 to 2003 and was able to benefit massively during extreme bull market moves. Again, having a trend-following system in your arsenal is an important weapon in addition to the various countertrend systems we have demonstrated in this book.

Simulation of Slow Turtle on the Nasdaq 100

 

Figure 4 Slow Turtle 

Figure 5 Slow Turtle Winning Trades

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Tableizer For Your Table Needs - forex trading yahoo

Tableizer For Your Table Needs ~ forex trading yahoo

Tableizer

This is a very useful tool when you are trying to copy and paste a table from excel. Blogspot is not as idiot proof
as i thought. To use this tool just go to tableizer, copy and paste your table from excel to this page then click on tableize and boom! you have the HTML code to copy onto your blog post. You can change the font size, header colour and font type. Heres the result of my table nicely done!

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