Today I had shorted 10,000 EURJPY at 125.39, stop level at 126.89, target level at 123.89.
EURJPY moves in my favour, I took profit at 124.82. Profit is 47 pips, US$47.00.
Yesterday I had Shorted 10,000 USDCHF at 1.1465, stop level at 1.1665, target level at 1.1216.
USDCHF moves according to my view. I decide to take profit first at 116.17. Profit is 133 pips, US$116.17.
Today I had shorted 10,000 USDCAD at 1.2617, stop level at 1.2821, target level at 1.2371.
USDCAD went below 1.2371, so target level is reached. Profit is 246 pips, US$198.85.
According to my system, the next trend for forex market is weakening of USD. To tap on this trend, click here to open a forex trading account.
I had bought 20,000 USDCHF at 1.1593, stop level at 1.1480, target level at 1.1740.
USDCHF went below 1.1480, so my position is stopped out.
Some of the best forex traders that I know are currency pair specialists. They may be specialised in EURUSD, AUDUSD or GBPUSD.
My trading system is not a currency pair specialists but it turns out that it has tremendous success rate (100%) for USDJPY.
11 USDJPY trades were executed and all 11 trades turned out to be profitable:
1. On 9 October I had shorted 20000 USDJPY at 101.13, stop level at 102.01, target level at 99.30. Dow Jones continues to move down despite all the plans by Federal Reserves resulting in Yen strengthening. I took profit on USDJPY trade at 99.76, profit is 123 pips, US$243.59.
2. On 2 October 2008 I had bought 20,000 USDJPY at 105.41, stop level at 104.39, target level at 106.89. USDJPY moves up after job data is announced. I decided to take profit at 105.69 as there seems to be some resistance at 106.00. Profit is 28 pips, US$55.39.
3. On 29 September, I had bought 20,000 USDJPY at 104.96, stop level at 103.30, target level at 106.76. U.S. stocks rose as growing expectations that lawmakers will salvage a $700 billion bank- rescue package helped the Standard & Poor's 500 Index recover more than a third of yesterday's 8.8 percent plunge.
This news has helped to push USDJPY up. I took the opportunity to sell USDJPY at 105.90, profit is 94 pips, US$179.93.
4. On 23 September I had bought 10,000 USDJPY again at 106.24, stop level at 104.50, target level at 107.75. Seeing that USDJPY has difficulty break 107.00 resistance, I decided to take profit first at 106.64. Profit is 40 pips, US$43.51.
5. On 23 September I had bought 20,000 USDJPY at 105.75, stop level at 104.78, target level at 107.78. USDJPY fell after hourly stochastics shows oversold, I decide to take profit first. Sold at 105.94, 14 pips profit, US$26.44.
6. On 16 September I had shorted 20,000 USDJPY at 106.32, stop level at 108.10, target level at 104.69. USDJPY fell below 104.69, so position is closed. Profit is 163 pips, US$311.40.
7. On 12 September I had shorted 20,000 USDJPY at 107.40, stop level at 108.50, target level at 106.10. In the early Asia hours of 15 September, target level of 106.10 was reached, so my position was closed with 130 pips profit, US$236.06.
8. On 8 September I had shorted 20,000 USDJPY at 108.43, stop level at 110.00, target level at 106.94. USDJPY went below 106.94, reached my target level, so position is closed. Profit is 143 pips, US$264.44.
9. On 4 September I had shorted 10,000 USDJPY at 108.18, stop level at 109.30, target level at 106.91. USDJPY slided down, I decide to take profit first as tomorrow US is going to announce Non-Farm Payroll. Bought back at 107.43, profit is 75 pips, US$69.81.
10. On 2 September I had shorted 10,000 USDJPY at 108.82, stop level at 109.85, target level at 106.85. The whole forex environment turns 360% today, decided to take profit on USDJPY first. Bought back at 108.40, profit is up 42 pips, US$35.75.
11. On 1 September I had shorted 10,000 USDJPY at 109.53, stop level at 11.46, target level at 108.20. Surprise resignation of Japan Prime Minister may caused market to lose confidence in Yen, hence decide to take profit on USDJPY first. Bought back USDJPY at 108.51, up 102 pips, profit is US$82.00.
If you are interested to know my trading system, I am willing to reveal my trading system for free. Just open a trading account at ForexYard (click here to open), deposit your funds in, then inform me by sending an email to me at atraderx@gmail.com.
Its zero cost to you as there are no fees incurred in account opening. This is better than paying few thousand dollars for trading seminars or signal subscription that do not produce good results.
Risk Disclosure:
Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. The past performance of any trading system or methodology is not necessarily indicative of future results.
Today I had bought 20,000 NZDUSD at 0.6474, stop level at 0.6370, target level at 0.6620.
NZDUSD fell below 0.6370, so my stop was triggered. Loss is 104 pips, US$208.
Current banking crisis environment is certainly too risky for equities investment. Investors should look to alternative investment to grow their money, forex trading is one of them.
After years of building systems, testings, modifications, and more testings, I had finally created a forex trading system that had helped me to achieve more than 70% success rate 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.
Below are trades executed based on my trading system:
22 trades in total: 17 winning trades and 5 losing trades
1. On 2 October 2008 I had bought 20,000 USDJPY at 105.41, stop level at 104.39, target level at 106.89. USDJPY moves up after job data is announced. I decided to take profit at 105.69 as there seems to be some resistance at 106.00. Profit is 28 pips, US$55.39.
2. On 29 September, I had bought 20,000 USDJPY at 104.96, stop level at 103.30, target level at 106.76. U.S. stocks rose as growing expectations that lawmakers will salvage a $700 billion bank- rescue package helped the Standard & Poor's 500 Index recover more than a third of yesterday's 8.8 percent plunge.
This news has helped to push USDJPY up. I took the opportunity to sell USDJPY at 105.90, profit is 94 pips, US$179.93.
3. On 23 September I had shorted 20,000 NZDUSD 0.6844, stop level at 0.7000, target level at 0.6648. NZDUSD has fallen too sharp and too fast, I decided to take profit first at 0.6780. Profit is 64 pips, US$128.00.
4. On 23 September I had bought 20,000 USDCAD at 1.0363, stop level at 1.0259, target level at 1.0490. USDCAD has rebounded too fast and too sharp so I took profit first at 1.0423. Profit is 60 pips, US$117.13.
5. On 23 September I had bought 10,000 USDJPY again at 106.24, stop level at 104.50, target level at 107.75. Seeing that USDJPY has difficulty break 107.00 resistance, I decided to take profit first at 106.64. Profit is 40 pips, US$43.51.
6. On 23 September I had bought 20,000 USDJPY at 105.75, stop level at 104.78, target level at 107.78. USDJPY fell after hourly stochastics shows oversold, I decide to take profit first. Sold at 105.94, 14 pips profit, US$26.44.
7. On 23 September Asia morning hours I had bought 30,000 USDCHF at 1.0776, stop level at 1.0668, target level at 1.0918. I decide to take profit early at 1.0839, profit is 63 pips, US$174.37.
8. On 19 September I had bought 40,000 USDCAD at 1.0622, stop level at 1.0518, target level at 1.0772. USDCAD fell below 1.0518, so my trade is stopped out. Loss is 104 pips.
9. On 16 September I had shorted 20,000 USDCAD at 1.0721, stop level at 1.0826, target level at 1.0590. USDCAD rises above resistance level of 1.0747, decide to cut loss to reduce the damage. Loss 63 pips, US$121.13.
10. On 16 September I had shorted 20,000 USDJPY at 106.32, stop level at 108.10, target level at 104.69. USDJPY fell below 104.69, so position is closed. Profit is 163 pips, US$311.40.
11. On 12 September I had shorted 20,000 USDJPY at 107.40, stop level at 108.50, target level at 106.10. In the early Asia hours of 15 September, target level of 106.10 was reached, so my position was closed with 130 pips profit, US$236.06.
12. On 10 September I had shorted 10,000 GBPJPY at 186.18, stop level at 188.26, target level at 183.31. GBPJPY rises above 188.26, so my stop is triggered.
13. On 8 September I had shorted 20,000 USDJPY at 108.43, stop level at 110.00, target level at 106.94. USDJPY went below 106.94, reached my target level, so position is closed. Profit is 143 pips, US$264.44.
14. On 5 September I had shorted 10,000 USDCAD at 1.0654, target level at 1.0487. Details here. Support level at 1.0550 creates a rebound for USDCAD, not taking any chance I decide to take profit first. Bought back USDCAD at 1.0570, profit is up 84 pips, US$78.57.
15. On 3 September I had shorted 10,000 USDCHF at 1.1078, stop level at 1.1182, target level at 1.0932. USDCHF rise above 1.1182, so my stop triggered. Loss amount is US$104.
16. On 4 September I had shorted 10,000 USDJPY at 108.18, stop level at 109.30, target level at 106.91. USDJPY slided down, I decide to take profit first as tomorrow US is going to announce Non-Farm Payroll. Bought back at 107.43, profit is 75 pips, US$69.81.
17. On 2 September I had shorted 10,000 USDJPY at 108.82, stop level at 109.85, target level at 106.85. The whole forex environment turns 360% today, decided to take profit on USDJPY first. Bought back at 108.40, profit is up 42 pips, US$35.75.
18. On 29 August I had shorted 10,000 EURGBP at 0.8105, stop level at 0.8208, target level at 0.7909. EURGBP keeps going up, so I decide to cut loss. Bought back at 0.8154. loss is US$85.59.
19. On 1 September I had shorted 10,000 NZDUSD at 0.6962, stop level at 0.7080, target level at 0.6766. NZDUSD fell to a low of 0.6805 before rebounding up. I believe the overall trend for NZDUSD is still down, but it is oversold now, so we may see a rebound. I decided to take profit first, bought back at 0.6871, profit is 91 pips, US$90.60.
20. On 1 September I had shorted 10,000 USDJPY at 109.53, stop level at 11.46, target level at 108.20. Surprise resignation of Japan Prime Minister may caused market to lose confidence in Yen, hence decide to take profit on USDJPY first. Bought back USDJPY at 108.51, up 102 pips, profit is US$82.00.
21. On 26 August I had shorted NZDUSD at 0.6970, stop level at 0.6673, target level at 0.6673. Seeing that USD started to weaken, I decided to take profit on NZDUSD at 0.6936, profit is US$34.
22. On 26 August I had also shorted EURUSD at 1.4712, stop level at 1.4915, target level at 1.4415. I decided to take profit at 1.4630, profit is US$82.
If you are interested to know my trading system, I am willing to reveal my trading system for free. Just open a trading account at ForexYard (click here to open), deposit your funds in, then inform me by sending an email to me at atraderx@gmail.com.
Its zero cost to you as there are no fees incurred in account opening. This is better than paying few thousand dollars for trading seminars or signal subscription that do not produce good results.
Risk Disclosure:
Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. The past performance of any trading system or methodology is not necessarily indicative of future results.
On 2 October 2008 I had bought 20,000 USDJPY at 105.41, stop level at 104.39, target level at 106.89.
USDJPY moves up after job data is announced. I decided to take profit at 105.69 as there seems to be some resistance at 106.00.
Profit is 28 pips, US$55.39. Thank you Lord for this winning trade.
100% success rate for my forex trades this week.
