As the stop is very wide, I had reduced my contract size by 1/3.
So if this trade reaches the target level, my effective profit is only 49 pips.

“If you don’t design your own life plan, chances are you’ll fall into someone else’s plan. And guess what they might have planned for you? Not much.” -  Jim Rohn

Original trade:

Shorted AUDUSD at 0.6471

Stop level at 0.6576

Target level at 0.6375

Original trade:

Bought AUDUSD at 0.6326
Stop level at 0.6250
Target level at 0.6419

Original trade:

Bought USDCHF at 1.1551

Stop level at 1.1477

Target level at 1.1637

Original trade:
Shorted USDCAD at 1.2913
Stop level at 1.3030
Target level at 1.2793

All of my trades are executed based on fully tested trading system based on real life experience. If you are interested to generate alternative income by tapping on this trading system, send an email to me at metal.commodity@gmail.com.

Jobs are unsecured and lost in current economic environment, we need to equip ourselves with a skill such as forex trading that can help us earn secondary incomes.

Employers can take away our jobs but they cannot take away the forex trading skill which will belong to you once you have master it.

“A quitter never wins and a winner never quits.” – Napoleon Hill

Bought AUDUSD at 0.6310
Stop level at 0.6230
Target level at 0.6387

Shorted USDCAD at 1.2913
Stop level at 1.3030
Target level at 1.2793

Original trade:

Shorted AUDUSD at 0.6439
Stop level at 0.6480
Target level at 0.6359

All of my trades are executed based on fully tested trading system based on real life experience. If you are interested to generate alternative income by tapping on this trading system, send an email to me at metal.commodity@gmail.com.

The sad fact is that people are poor because they have not yet decided to be rich.” – Brian Tracy

After years of building systems, testings, modifications, and more testings, I had finally created a forex trading system that had helped me to achieve profitability in forex trading.

The theory behind the system is that, there is a rotational, repeating cycle in the movement of the market prices. This is much like that of the waves of the ocean, where the waves react in relation to the invisible undercurrents of the ocean. These cycles keep repeating itself again and again with a time frame of not longer than 2 months for each cycle (from experience).

The reason that such a phenomenon happens and repeats itself is due to the nature of human behaviour. All through time, people have basically acted and reacted the same way in the market as a result of: Greed, Fear, Ignorance, and Hope. Markets can change, but human nature has stayed the same for centuries.

Here is the performance of my trading:

525 pips profit generated in the month of February 2009: See here.

317 pips loss generated in the month of January 2009: See here.

699 pips profit generated in the month of December 2008: See here.

857 pips profit generated in the month of November 2008: See here.

781 pips profit generated in the month of August – October 2008: See here.

All of my trades are executed based on fully tested trading system based on real life experience. If you are interested to generate alternative income by tapping on this trading system, send an email to me at metal.commodity@gmail.com.

Stop level at 1.2832

Target level at 1.2682

25 trades were executed: 18 winning trades, 7 losing trades (72% success rate). Total Profit is 525 pips.

Here are the trade details:

1. EURUSD: 65 Pips Profit

I closed my position at 1.2636, 65 pips profit.

Original trade:

Shorted EURUSD at 1.2701 Stop level at 1.2830 Target level at 1.2574

2. AUDUSD: 27 Pips Profit

I had closed my position at 0.6456, profit is 27 pips.

Original trade:

Shorted AUDUSD at 0.6483 Stop level at 0.6550 Target level at 0.6407

3. EURUSD: 64 Pips Profit

I closed my position at 1.2664, 64 pips profit.

Original trade:

Bought EURUSD at 1.2600 Stop level at 1.2500 Target level at 1.2700

4. USDCAD: 43 Pips Profit

I closed my position at 1.2551, 43 pips profit.

Original trade:

Shorted USDCAD at 1.2594 Stop level at 1.679 Target level at 1.2509

5. AUDUSD: 26 Pips Profit

I had closed my position at 0.6404, 26 pips profit.

Original trade:

Bought AUDUSD at 0.6378 Stop level at 0.6330 Target level at 0.6473

6. USDCAD: 54 Pips Loss

Stop triggered, 54 pips loss.

Original trade:

Shorted USDCAD at 1.2566 Stop level at 1.2620 Target level at 1.2469

7. USDCAD: 57 Pips Loss

I cut loss my position at 1.2603, 57 pips loss.

Original trade:

Shorted USDCAD at 1.2546 Stop level at 1.2608 Target level at 1.2468

8. AUDUSD: 68 Pips Loss

I had cut loss my position at 0.6383, 68 pips loss.

Original trade:

Bought AUDUSD at 0.6451 Stop level at 0.6380 Target level at 0.6544

9. EURUSD: 33 Pips Profit

I closed my position at 1.2793, 33 pips profit.

Original trade:

Bought EURUSD at 1.2760 Stop level at 1.2670 Target level at 1.2856

10. AUDUSD: 33 Pips Profit

I closed my position at 0.6538, 33 pips profit.

Original trade:

Shorted AUDUSD at 0.6571 Stop level at 0.6665 Target level at 0.6500

11. AUDUSD: 52 Pips Profit

I took profit at 0.6515, 52 pips profit.

Original trade:

Bought AUDUSD at 0.6463 Stop level at 0.6370 Target level at 0.6558

12. USDCAD: 70 Pips Profit

I closed my position at 1.2429, profit is 70 pips.

Original trade:

Shorted USDCAD at 1.2499 Stop level at 1.2584 Target level at 1.2404

13. USDCHF: 43 Pips Profit

I closed my position at 1.1573, 43 pips profit.

Original trade:

Bought USDCHF at 1.1530 Stop level at 1.1450 Target level at 1.1618

14. AUDUSD: 44 Pips Loss

I had cut loss my position at 0.6836, 44 pips loss.

Original trade:

Shorted AUDUSD at 0.6792 Stop level at 0.6860 Target level at 0.6712

15. USDCHF: 42 Pips Profit

I closed my position at 1.1659, 42 pips profit.

Original trade:

Bought USDCHF at 1.1617 Stop level at 1.1560 Target level at 1.1683

16. USDCHF: 7 Pips Profit

I closed off my position at 1.1677, 7 pips profit. I do not want to hold any open position across the weekend.

Original trade:

Shorted USDCHF at 1.1684 Stop level at 1.1770 Target level at 1.1592

17. USDCAD: 97 Pips Profit

I closed my position at 1.2381, 97 pips profit.

Original trade:

Shorted USDCAD at 1.2478 Stop level at 1.2580 Target level at 1.2372

18. AUDUSD: 8 Pips Loss

I cut loss on my position at 0.6508.

Original trade:

Shorted AUDUSD at 0.6500 Stop level at 0.6600 Target level at 0.6400

19. USDCAD: 70 Pips Profit

I close my position at 1.2330, 70 pips profit.

Original trade:

Bought USDCAD at 1.2260 Stop level at 1.2180 Target level at 1.2354

20. EURUSD: 32 Pips Profit

I had closed my position at 1.2867, 32 pips profit. Today ECB is going to announce interest rate decision so I do not want to hold my position till then.

Original trade:

Bought EURUSD at 1.2835 Stop level at 1.2680 Target level at 1.3000

21. USDCAD: 97 Pips Profit

Target level reached, 97 pips profit.

Original trade:

Bought USDCAD at 1.2258 Stop level at 1.2180 Target level at 1.2355

22. EURUSD: 43 Pips Profit

I closed my position at 1.2875, 53 pips profit.

Original trade:

Shorted EURUSD at 1.2928 Stop level at 1.3011 Target level at 1.2850

23. EURUSD: 66 Pips Profit

I closed my position at 1.3027, 66 pips profit.

Original trade:

Shorted EURUSD at 1.3030 Stop level at 1.3150 Target level at 1.2909

24. EURUSD: 87 Pips Loss

I cut loss on my position at 1.2713, 87 pips loss. US Dollar strength persists.

Original trade:

Bought EURUSD at 1.2800 Stop level at 1.2700 Target level at 1.2900

25. AUDUSD: 67 Pips Loss

I cut loss on my position at 0.6306. US dollar strength persists.

Original trade:

Bought AUDUSD at 0.6373 Stop level at 0.6300 Target level at 0.6470

Trade signals are generated from BL TS system. If you would like to know more about my system, send an email to me at metal.commodity@gmail.com.

Jobs are unsecured and lost in current economic environment, we need to equip ourselves with a skill such as forex trading that can help us earn secondary incomes. Employers can take away our jobs but they cannot take away the forex trading skill which will belong to you once you have master it.

“A quitter never wins and a winner never quits.” – Napoleon Hill

Original trade:

Shorted EURUSD at 1.2701 Stop level at 1.2830 Target level at 1.2574

Trade signals are generated from BL TS system. If you would like to know more about my system, send an email to me at metal.commodity@gmail.com.

Jobs are unsecured and lost in current economic environment, we need to equip ourselves with a skill such as forex trading that can help us earn secondary incomes. Employers can take away our jobs but they cannot take away the forex trading skill which will belong to you once you have master it.

Good resistance at 1.2750
Both Stochastic and MACD have signal SELL

Shorted EURUSD at 1.2701
Stop level at 1.2830
Target level at 1.2574

Both Stochastic and Williams have signal SELL

Shorted AUDUSD at 0.6483

Stop level at 0.6550

Target level at 0.6407

Original trade:

Bought EURUSD at 1.2600

Stop level at 1.2500

Target level at 1.2700

To open a demo trading account, click here.

Original trade:

Bought AUDUSD at 0.6378
Stop level at 0.6330
Target level at 0.6473

Original trade:

Shorted USDCAD at 1.2478
Stop level at 1.2580
Target level at 1.2372

Trade signals are generated from BL TS system. If you would like to know more about my system, send an email to me at metal.commodity@gmail.com.

“Always bear in mind that your own resolution to succeed is more important than any other one thing.” -  Abraham Lincoln

Original trade:

Target level at 1.2355

Signals are generated from BL TS system. If you would like to know more about my system, send an email to me at metal.commodity@gmail.com.

Original trade:
Bought EURUSD at 1.3079
Stop level at 1.2995
Target level at 1.3177

Trades are executed based on BL TS system. If you would like to know more about my system, send an email to me at metal.commodity@gmail.com.

Shorted EURJPY at 117.39
Stop level at 118.14
Target level at 116.45

Original trade:
Shorted USDJPY at 93.71
Stop level at 94.75
Target level at 92.75

All the trades are executed based on BL TS system. If you are interested to know more, send an email to me at metal.commodity@gmail.com.

Shorted USDJPY at 93.71
Stop level at 94.75
Target level at 92.75

All the posting are delayed, only subscribers will receive live updates of my content via emails and sms. If you are interested to receive live emails, send an email to me at metal.commodity@gmail.com.

I am still bullish EURUSD as I think the fall is overdone.
I will buy EURUSD again when BL TS system signals buy again.

Original trade:
Bought EURUSD at 1.3460
Stop level at 1.3357
Target level at 1.3557

If you are interested to know more about BL TS system, send an email to me at metal.commodity@gmail.com.

Shorted USDCAD at 1.1793
Stop level at 1.1887
Target level at 1.1688

Bought GBPUSD at 1.4609
Stop level at 1.4530
Target level at 1.4728

Original trade:
Bought USDCAD at 1.2075
Stop level at 1.2030
Target level at 1.2173

All my trades are executed based on BL TS system. If you are interested to know the details of the system or wants to know way to profit from FX trading, send an email to me at metal.commodity@gmail.com. ]]> http://tradingeducationprogram.org/2009/01/05/usdcad-82-pips-profit/feed/ 0 http://tradingeducationprogram.org/2009/01/05/usdcad-open-buy-trade-2/ http://tradingeducationprogram.org/2009/01/05/usdcad-open-buy-trade-2/#comments Mon, 05 Jan 2009 08:17:32 +0000 BL Trading Team http://systematictrading.wordpress.com/?p=259 Good support at 1.2050

Original trade:
Bought USDCAD at 1.2101
Stop level at 1.2040
Target level at 1.2172

1. AUDUSD: 76 Pips Profit

On 31 Dec, target level reached, profit is 76 pips.

Original trade:
Bought AUDUSD at 0.6884
Stop level at 0.6840
Target level at 0.6960

 
2. EURUSD: 48 Pips Profit
 
On 31 Dec I closed my position at 1.3895, profit is 48 pips.

Original trade:
Shorted EURUSD at 1.3943
Stop level at 1.4027
Target level at 1.3848
 
 
3. AUDUSD: 4 Pips Loss

On 31 Dec I cut loss on my AUDUSD position.
 
Original trade:
Shorted AUDUSD at 0.6884
Stop level at 0.6970
Target level at 0.6789

4. AUDUSD: 55 Pip Profit

On 30 Dec I closed my position at 0.6880, profit is 55 pips profit.

Original trade:
Shorted AUDUSD 0.6935
Stop level at 0.6980
Target level at 0.6838

5. EURJPY: 90 Pips Profit

On 29 Dec, I closed my position at 129.12, profit is 90 pips.

Original trade:
Bought EURJPY at 128.22
Stop level at 127.15
Target level at 129.66

6. EURUSD: 74 Pips Profit

On 29 Dec, I took profit at 1.4231, profit is 74 pips.

Original trade:

Bought EURUSD at 1.4157

Stop level at 1.4055

Target level at 1.4304

7. USDJPY: 30 Pips Loss

On 23 Dec, I cut loss on my USDJPY position.

Original trade:

Bought USDJPY at 90.23
Stop level at 89.45
Target level at 91.63

8. GBPUSD: 105 Pips Loss

On 23 Dec, stop triggered for GBPUSD position

Original trade:

Shorted GBPUSD at 1.4754

Stop level at 1.4859

Target level at 1.4609

9. EURJPY: 100 Pips Loss

On 23 Dec, stop triggered for EURJPY, loss is 100 pips.

Original trade:
Shorted 20,000 EURJPY at 123.96
Stop level at 124.96
Target level at 122.32

10. GBPUSD: 100 Pips Loss

On 22 Dec, stop triggered for GBPUSD, loss is 100 pips.

Original trade:
Shorted 20,000 GBPUSD at 1.4878
Stop level at 1.4978
Target level at 1.4758

11. On 19 Dec I took profit on half position at 0.5748, profit is 52 pips. I took profit on remaining half at 0.5777, profit is 25 pips.

Hence net profit for this trade is 39 pips.

Original trade:

Shorted 20,000 NZDUSD at 0.5802

Stop level at 0.5870

Target level at 0.5688

12. On 19 Dec I had took profit on half position at 0.6819, profit is 52 pips. Remaining half got stop out at breakeven. Hence profit for this trade is 26 pips.

Original trade:

Shorted 20,000 AUDUSD at 0.6871

Stop level at 0.6950

Target level at 0.6750

13. On 19 Dec I close my position at 126.40, profit is 71 pips.

Trade details:

Shorted EURJPY at 127.11

Stop level at 128.00

Target level at 125.68

14. On 19 Dec I close my GBPUSD position at 1.5069, 85 pips profit.

Original trade:

Shorted GBPUSD at 1.5154

Stop level at 1.5243

Target level at 1.5014

15. On 19 Dec I close my position at 126.94, profit is 40 pips.

Original trade:

Shorted EURJPY at 127.34

Stop level at 128.21

Target level at 126.20

16. On 19 Dec stop loss triggered, loss is 105 pips, US$174.20.

Original trade:

Shorted 20,000 USDCAD at 1.1900

Stop level at 1.2010

Target level at 1.1794

17. On 19 Dec, target level reached for GBPUSD, profit is 115 pips.

Original trade:

Shorted GBPUSD at 1.5066

Stop at 1.5140

Target at 1.4951

18. Close position at 127.08 on 19 Dec, profit is 50 pips.

Original trade:

Bought 20,000 EURJPY at 126.58

Stop level at 125.50

Target level at 127.75

19. Close my position on EURJPY on 19 Dec at 125.83.

Original trade:

Bought 20,000 EURJPY at 125.53

Stop level at 124.00

Target level at 127.08

Close at 125.83, profit is 30 pips, US$68.28

20. On 19 Dec stop triggered at breakeven.

Original trade:
Bought 20,000 USDCAD at 1.2044
Stop level at 1.1937
Target level at 1.2187

21. Close position at 0.6915 on 17 Dec, profit is 37 pips, US$74.

Original Trade:
Shorted 20,000 AUDUSD at 0.6952
Stop at 0.7058
Target level at 0.6808

22. On 17 Dec stop triggered for EURJPY. Loss is 111 pips, US$250.59.

Original trade:

Bought 20,000 EURJPY at 125.41
Stop level at 124.30
Target level at 126.56

23. USD/CAD – Long closed (+40 pips) on 16 Dec

Open Short: 20,000 USD/CAD @ 1.2364
Stop level: 1.2364 (shifted stop to breakeven)
Target level: 1.2480
Closed: 1.2404 (Profit is 40 pips, US$64.50)

24. On 16 Dec I had took profit on AUDUSD at 0.6715, profit is 24 pips.

Original trade:
Open Long: 20,000 AUD/USD @ 0.6691
Stop level: 0.6584
Target level: 0.6833

25. On 15 Dec I took profit on 10,000 at 1.1727, profit is 57 pips and took profit on remaining 10,000 at 1.1747, profit is 37 pips. (average gain is 47 pips)

Original Trade (trade executed last Friday):
Open Short: 20,000 USD/CHF @ 1.1784
Stop level: 1.1784 (Move to breakeven)
Target level: 1.1638

26. Stop triggered for EURJPY at breakeven on 12 Dec

Open Short: 20,000 EUR/JPY @ 119.48
Stop level: 119.48 (stop moved to break even)
Target level: 118.00

27. Stop Triggered For USDCAD on 12 Dec
Stop triggered at 1.2400. Loss is 100 pips.

Original trade details:
Open Short: 20,000 USD/CAD @ 1.2300
Stop level: 1.2400
Target level: 1.2146

28. USDJPY Trade Close with 269 Pips Profit on 12 Dec
30 pips trailing stop is triggered at 88.57, so profit is 269 pips.

Original Trade:
Open Short: 20,000 USD/JPY @ 0.9126
Stop level: 0.9200
Target level: 0.9030

29. USDCHF Trade Closed With 82 Pips Profit on 12 Dec
30 pips trailing stop triggered at 1.1811. Profit is 82 pips.

Original Trade:
Open Short: 20,000 USD/CHF @ 1.1893
Stop level: 1.1950
Target level: 1.1798

30. Stop Triggered For USDCAD At Breakeven on 12 Dec

Original trade:

Open Short: 20,000 USD/CAD @ 1.2250
Stop level: 1.2250
Target level: 1.2142

31. Stop Triggered For USDCHF on 12 Dec

Open Long: 20,000 USD/CHF @ 1.1985
Stop level: 1.1900
Target level: 1.2111
Closed: 1.1900 (Loss is 85 pips)

32. Stop Triggered for GBP/USD on 11 Dec

GBP/USD – Shorted closed (-173 pips)

Open Short: 20,000 GBP/USD @ 1.4757

Stop level: 1.4930Target level: 1.4575

Closed: 1.4930 (Loss is 173 pips)

33. Stop triggered for EURUSD on 11 Dec

EUR/USD – Long closed (-105 pips)
Open Short: 20,000 EUR/USD @ 1.2926

Stop level: 1.3031

Target level: 1.2734
Closed: 1.3031 (Loss is 105 pips)

34. Target Level Reached for USDCAD (92 Pips Profit) on 11 Dec

USD/CAD – Long closed (+92 pips)
Open Long: 20,000 USD/CAD @ 1.2534

Stop level: 1.2534 (Amended to cost price)

Target level: 1.2626

Closed: 1.2626 (Profit is 92 pips, US$145.73)

35. Stop Triggered for USDJPY on 10 Dec

Open Short: 20,000 USD/JPY @ 92.69

Stop level: 93.50

Target level: 91.73

Closed: 93.50 (Loss is 81 pips, US$173.26)

36. Took profit on USD/CHF on 10 Dec
USD/CHF – Shorted closed (+32 pips)

Open Short: 20,000 USD/CHF @ 1.2154

Stop level: 1.2260

Target level: 1.2036

Closed: 1.2122 (Profit is 32 pips, US$52.80)

37. Took Profit on AUDUSD (59 Pips Profit) on 9 Dec

Sell signal from BL TS system on AUDUSD is getting very weak, so I decide to take profit on this trade first.

Open Short: 20,000 AUD/USD @ 0.6642

Stop level: 0.6730

Target level: 0.6545

Closed: 0.6583 (Profit is 59 pips, US$118.00)

38. Stop Triggered For USD/JPY on 9 Dec

Open Long: 20,000 USD/JPY @ 93.41

Stop level: 92.50

Target level: 94.40

Closed: 92.50(Loss is 91 pips, US$196.76)

39. Stop Triggered For EURJPY at cost price on 10 Dec

Open Short: 20,000 EUR/JPY @ 119.07

Stop level: 119.07

Target level: 117.09 Closed: 119.07 (Breakeven)

40. Stop Triggered For EURUSD on 8 Dec

Open Short: 20,000 EUR/USD @ 1.2750

Stop level: 1.2800

Target level: 1.2653

Closed: 1.2800 (Loss is 50 pips, US$100.00)

41. USD/JPY – Long closed (-104 pips) on 4 Dec

Open Buy: USD/JPY @ 93.51

Stop level: 92.47

Target level: 94.66

Closed: 92.47 (Loss is 104 pips, US$224.94)

42. USD/CAD – Long closed (+40 pips) on 4 Dec

Open Long: USD/CAD @ 1.2547

Stop level: 1.2443

Target level: 1.2663

Closed: 1.2587 (Profit is 40 pips, US$63.56)

43. GBP/USD – Short closed (+63 pips) on 2 Dec

Open Short: GBP/USD @ 1.4868

Stop level: 1.4950

Target level: 1.4735

Closed: 1.4805 (Profit is 63 pips, US$126)

44. USD/JPY – Shorted closed (+56 pips) on 2 Dec

Open Short: USD/JPY @ 93.46

Stop level: 94.30

Target level: 92.51

Closed: 92.90 (Profit is 56 pips, US$120.55)

45. GBP/USD – Shorted closed (+190 pips) on 1 Dec

Open Short 20,000 GBP/USD at 1.5311

Stop level at 1.5510

Target level at 1.5121

Closed: 1.5121 (Profit is 190 pips, US$380.00)

46. EUR/JPY – Shorted closed (+213 pips) on 1 Dec

Open Short 20,000 EURJPY at 120.73

Stop level at 123.00

Target level at 118.60

Closed: 118.60 (Profit is 213 pips, US$454.16)

All of my trades are executed based on BL TS (trading system). If you are interested to generate alternative income by tapping on BL TS, send an email to me at metal.commodity@gmail.com.

Original trade:
Bought AUDUSD at 0.6884
Stop level at 0.6840
Target level at 0.6960

Original trade:
Shorted EURUSD at 1.3943
Stop level at 1.4027
Target level at 1.3848

Original trade:
Shorted AUDUSD at 0.6884
Stop level at 0.6970
Target level at 0.6789

Shorted AUDUSD at 0.6884
Stop level at 0.6970
Target level at 0.6789

Original trade:
Shorted AUDUSD 0.6935
Stop level at 0.6980
Target level at 0.6838

All of my trades are executed based on BL TS (trading system). If you are interested to generate alternative income by tapping on BL TS, send an email to me at metal.commodity@gmail.com.