Traders just starting out in the forex market are often unprepared for what lies ahead. I believe that to trade forex successfully over a longer period of time, a proven system is the answer.
After years of building system, testing, modification, and more testing, I had finally created a system that had helped me to achieve more than 70% success rate.
Below are trades executed based on my trading system:
8 winning trades and 3 losing trades
1. 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.
2. 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.
3. 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.
4. 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.
5. 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.
6. 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.
7. 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.
8. 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.
9. 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.
10. On 26 September 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.
11. On 26 September 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, send an email to me (address of my email address can be found below). I am willing to reveal my trading system for free, conditions apply.
Currently I'm working as a trader in a hedge fund. Previously I was working as a commodity specialist in a bank, advising high net worth individuals and institutions on commodities trading. My email address: metal.commodity@gmail.com. My forex trading journal: http://www.forexandbinary.com/ |
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