The Pattern Trader

THE LIFE OF A PROFESSIONAL TRADER. HIS MOTIVES, INSPIRATION AND VISION.

July 2009 In Review

Just when I thought I couldn’t get any busier, July 2009 goes and tops it all! I have never been busier and more tired than ever before. The highlight of July 2009 has to be that massive Pattern Trader’s 3rd Anniversary Gathering at M Hotel on 17 July.

More than 280 people attended this event which was made possible by;

Thanks to everyone – students, staff, coaches and guests alike, and to my guest speakers for that night, Adam Khoo, Adrian Lim (ERA), GM Teoh (CIMB) and David Caploe (Minerva School) – for three years of memorable experiences, support and faith. It was a thrill to get my Malaysian traders down for this event and Arton who came in from Jakarta. To realize this dream of having a growing community of traders has been my single most significant crowning glory.

Conrad, I just wanted you to know how grateful I am to have joined WAT and to learn about trading (had almost zero knowledge). May only be a short 4 mths but I’ve already benefited a lot from your coaching. I may be your most quiet student but I do enjoy this community’s networking. The gathering in Singapore was great fun, enjoyable & an eye-opener though the time was short. I was able to get to know our fellow coursemates better and exchange ideas. Well worth the effort (to get approval for leave from bosses and husband). Hope there’ll be more of these gatherings to come.

Just to share my motto : Perseverance is the hard work you do after you get tired of doing the hard work you already did. ~ Stella Foong, Malaysia

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

For three days between 4 and 6 July, WAT (MY) Batch 08 took on my tutorial and will take on another 8 weeks of handholding plus two more monthly gatherings as they strive learn this business.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

From the 9th to 12th of July, 80 students endured more than 50 hours of intensive education to graduate as WA18.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

The Total Eclipse of the Sun was a spectacular event on 22 August but failed to birth any sort of catastrophe. (Thank God!)

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

WAT (JKT) Batch 06 made it through 30 hours of tutorial between 25 and 27 July and will have to endure another 4 weeks of handholding. Many thanks to Robbie and Idrus for helping out and thanks to the senior alumni who returned to suport the newbies!

I got more value than I thought I would get. ~ Felix Iswaratioso

Superb! Conrad is very knowledgeable and knows what he is doing, not bulls**t teaching like other #@!*^?/# seminars … worth the money, not rip-off like other #@!*^?/#  seminars. Mind-blowing and loaded with tons of teaching you won’t get from anywhere else. ~ Stephen Yuwono

Thank you for being very honest! Conrad really tells what he knows, shows how he trades and does not keep secrets. And he knows damn well what he’s doing! ~ Ivan Gozali

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

And to close the month out, Pattern Trader Tools released the second part of its Energy Report and set a new record for subscribership.

Many thanks for the monthly reports. The Oil report which I received before gave a lot of information and many ideas as well as the other reports. ~ Lani Maruta,  Jakarta

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

MARKET MATTERS

If my schedule in July was packed and bullish, then the market was no different as we started Q3’s earnings season with a bang and what looks like an American Economy that is showing signs that things can’t get any worse (for now).

The benchmark indices (Dow, NASDAQ and S&P500) have all maintained a healthy distance above the significant 200DSMA in July. Many have seen this as a return to the Bulls. With earnings season almost halfway done, it’s hard to see any significant downside for the rest of Q3 but the general sentiment for October is starting to look doubtful as speculators are seeing a repeat of the 2007 trend that gave way in October after a magnificent run to 14,140. This could be due to the current trend being overcooked as it was two years ago.

The sell-off on oil this week has turned the market on its head after the benchmark indices had been taking its lead from the energy sector. It remains to be seen if the black stuff can continue to lead the market as it traditionally does during Q3.

But if there is a scary factor to consider, it will have to be the drop in Bond Yields.

The movement of bonds in the last few days seem to favor the longer term contracts with a run from the short term contracts. Such behavior would suggest a medium to long term greed with an immediate fear. If this trend persists, we could see the Yield curve flattening at worst or normalizing after it had steepened to more than 350bps between the 2yr and 30yr a week ago. The danger of rapidly falling longer term yields against the stagnant shorter term yields could well give way to another inversion on the curve.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

So as we leave July 2009 behind, here are things to look forward to in August …

The next Candlestick Workshop in SIngapore will be on 8th August, 13:00 to 17:00.

We will be at Investfair ‘09 will be at Suntect City between 22 and 23 August. My speaking slot will be on Saturday, 22 August at 1:00pm.

And my favorite session of all my sessions …The 2-day Technical Analysis Masterclass (29-30 August).

With so much to look forward to and with a market that looks to be doing the improbable, I am staring at August in anticipation and hunger. Tired as I am, this old dragon still has a lot of fight left in him.

If you enjoyed this post, please consider to visit Pattern Trader Tools, leave a comment or subscribe to the feed and get future articles delivered to your feed reader.

Powered by Wordpress
Copyright © 2007-2012 Conrad Alvin Lim. All rights reserved.