Forex Stock Market » Surprise

Learn Forex: Case study for Euro Yen (EURJPY)

admin — Mon, 22 Mar 2010 06:00:00 +0000

Earlier this week we had written an article: Breakthrough Discovery in Forex Trading. To our surprise there are 420 readers on that day, wow! So we guess my readers are interested to learn more about our proprietary forex trading strategy (BL TS System). By the way all of our students learn to trade forex using BL TS System.

In our previous article we had used USDJPY as an example. This round we will use another currency pair, EURJPY. EURJPY is one of our favourite currency. Why? Reason is simple, because EURJPY has made a lot of money for us.

Here are some of our previous trades from EURJPY (trade details in the links):
68 pips profit, 149 pips profit, 133 pips profit, 72 pips profit, 14 pips profit, 95 pips profit, 61 pips profit, 39 pips profit, 18 pips profit, 41 pips profit, 60 pips profit, 66 pips profit, 97 pips profit, 40 pips profit, 37 pips profit, 69 pips profit, 67 pips profit, 94 pips profit etc.

One common question that is often asked by our students (subscribers) in Tactical Trading Academy:
“there are so many currency pairs in the market, how do you choose which currency pairs to trade?”

We have 2 answers for them:
a) Avoid currency pairs that have wide bid / offer spreads. Some of the exotic currency pairs have very wide spreads: 100 pips (USDZAR), 10 pips (GBPAUD), 13 pips (AUDNZD), 7 pips (AUDCHF), 30 pips (USDDKK).

30 pips for USDDKK means that the price quote is 5.3427 / 5.3457. This means that your buying price is 5.3457 and your selling price is 5.3427.

In layman term this means that you will lose 30 pips immediately whenever you enter a new position to buy or sell. 30 pips means US$30 if you are trading 1 mini lot.

Major currency pairs like AUDUSD, EURUSD, EURJPY, USDJPY, USDCHF, USDCAD are only trading at around 3 – 4 pips spreads. That is very reasonable and acceptable. These are the currency pairs that I will be interested to trade.

This is why forex brokers always recommend their customers to trade exotic currency pairs. Because the higher the spreads, the higher are their commissions.

2. Trade only currency pairs that exhibit repeated patterns.
To many people forex trading is gambling or speculation. But to us forex trading is a science discovery or a philosophy approach. Why?

a) It is a science because quantitative models have to be built and programs have to be written. All these take a lot of time. We need to improve our model again and again because market condition changes all the time.

b) It is a philosophy approach. Both forex and human have repeated past patterns and behaviour. For example if a person smokes everytime after lunch for the past 6 months, there is a high possibility that he will smoke again after lunch for the next 1 week.

From the prospective of a currency pair, if this currency shows a consistent pattern and behaviour for the last 6 month, we can assume that it will exhibit the same patterns for the next 1 week or 1 month. This is NOT a guarantee, but it is a high possibility!

Ok, going back to EURJPY.

The graph below will show you the equity value if you have used the various indicators to trade for the past 6 months.

The result shows that graph 1 and graph 3 perform best using their respective indicators. So what are the indicators use in graph 1 and graph 3? We can only reveal this information to our subscribers.

If you are interested to learn forex from our service, do send us an email to metal.commodity@tradingeducationprogram.org.

Upon subscription, you will receive the followings:
1. Weekly updates on the proven indicators
2. One-to-one coaching on trading
3. Live emails reminders when trading opportunities occur
4. Ebook on our BL TS system
5. Live update on market activities

Incoming search terms for the article:

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eur/jpy best indicator (3)
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eur/jpy exotic pair? (2)
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what is the most reliable indicator in euro to yen (1)
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Managed Forex Trading A Must

admin — Sun, 28 Feb 2010 17:50:46 +0000

By Scott McDonald

Incorporating a managed forex trading system to my trading was one of the keys to turning profits; the other was this one method that the big trader’s use that helped me dominate the market. If you have ever wondered what the edge is that the big wigs have, wonder no longer. The best move I ever made was using this one method that has led to record profits for myself!

After comparing managed forex trading systems to non-managed ones, it was no surprise that the traders with the managed system would go a lot further. After adding this one method to my trading that the guru’s use, it has led me to the highest profits yet. Profitable trades are regular since the first day I started using this method.

Having managed forex trading properly now for some time, it is no doubt that it would be a great help to any trader to do the same. Once I learned how to do this right, profitable trades were coming steadily. This was of course nothing compared to when I added the one method that the big traders swear by, it has made record profits every month since day one!

Not sure about if managed forex trading or day to day trading is for you? It is about time you become sure. If you want to make the highest profits for your time, managed is the way to go. In a period as short as a week, one can turn their trading around and make some good profits. Once I integrated this one secret method the pros use, I found myself working less and making more!

Managed forex trading with the match of this method I have discovered is the key to dominating the forex market. Looking for that edge to get you out of the average trader’s position? Look no further, I have made sure to include a link to the method the big traders use. Take action and achieve the success you want. No one gives you success except yourself, take action today and dominate the forex market!

About the Author:

If your trades aren’t raking the cash you want, you must check out the “Big Wigs” Managed Forex Trading system. Stop letting the “Big Wigs” feed you BS, take action and find out their untold ways to Managed Forex Trading today!

Forex Currency Exchange Success

admin — Wed, 27 Jan 2010 00:55:14 +0000

By Anthony McDonald

Forex currency exchange has become a market that many turn to in these economic times. It is no surprise considering it is one of the fastest ways of generating money. When starting out in Forex it can be tricky to get a grip on all the variables that can change the market. Seeking out information on the internet is where most traders start.

Today with forex currency exchange platforms there are so many to chose from it can be tricky. Many offer a money deposit on their end for you in a new trading account if you sign up. Reading the conditions of this I found that this is really only possible for a superb trader that does it for a living. In order to qualify you need to make so much in a short period of time.

Many ask if forex currency exchange can be made a full time job or source of income. It can if you run it like a business or full time job. It is necessary to spend a lot of time at first to start making some progress. Expecting over night success is not the right mindset. Like any other business, it takes persistent hard work in order to build a good foundation. It will build faster, the more you put into it.

Today many new forex currency exchange traders seem to think that the profits will come over night with no hard work involved. This is a mind set you need to get rid of because it will prevent you from success and even make you give up before you have made any progress. Like anything, it takes time and a lot of hard work to get the ball rolling.

If there was a forex currency exchange tip that I could give it would be to be persistent. After being stuck at an income peak, I needed to get something more advanced going. I then came across something that was very interesting. I came across this one method that the big traders have been using for some time and making a killing off of. This one method turned my trades from average into massive!

About the Author:

If your trades aren’t raking the money you need, you need to check out the "Big Wigs" Forex Currency Exchange dominating method. Stop letting the "Big Wigs" feed you junk, take action and find out their untold secrets to Forex Currency Exchange today!

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1,259 pips profit was generated in the month of June 2009

admin — Sun, 24 Jan 2010 12:53:33 +0000

1,259 pips profit was generated for the period of 1^st June to 30^th of June 2009. 35 trades were executed: 26 trades won and 9 trades lost. This results in a Success rate of 74%!

If you are trading 1 full contract (100,000) per trade, your profit for 1,259 pips will be around US$12,590.

Here are the details of my trades:

1. EURUSD: 39 Pips Loss

Heard of funds selling US Dollar, I decide to cut loss at 1.4140, 39 pips loss.

Original trade:
Sell EURUSD at 1.4101
Stop level at 1.4160
Target level at 1.4026

2. USDJPY: 30 Pips Profit

I had closed this trade at 96.20, 30 pips profit.

Original trade:

Buy USDJPY at 95.90
Stop level at 94.90
Target level at 96.87

3. AUDUSD: 37 Pips Loss

I cut loss at 0.8063, 37 pips loss.

Original trade:

Sell AUDUSD at 0.8026
Stop level at 0.8100
Target level at 0.7930

4. USDJPY: 23 Pips Loss

Not looking good. I cut loss at 95.69, loss is 23 pips.

Original trade:

Buy USDJPY at 95.92

Stop level at 95.50

Target level at 96.70

5. GBPUSD: 145 Pips Profit (video)

Target level reached, 145 pips profit.

Original trade:
Buy GBP at 1.6294
Stop level at 1.6180
Target level at 1.6439

6. USDJPY: 62 Pips Profit (video)

USDJPY looks toppish. I decide to close my position at 96.37, 62 pips profit.

Original trade:

Buy USDJPY at 95.75
Stop level at 94.80
Target level at 96.90

7. EURUSD: 50 Pips Profit

US FOMC is going to announce interest rate decision within the next 2 hours. To avoid any unnecessary negative surprise, I decide to close my position now at 1.3968, 50 pips profit.

Original trade:
Sell EURUSD at 1.4018
Stop level at 1.4160
Target level at 1.3871

8. AUDUSD: 55 Pips Profit (video)

I closed my AUDUSD position at 0.7901, 55 pips profit.

Original trade:

Buy AUDUSD at 0.7846
Stop level at 0.7780
Target level at 0.7947

9. EURUSD: 51 Pips Profit (video)

I decide to close my position at 1.3857, 51 pips profit.

Original trade:
Sell EURUSD at 1.3908
Stop level at 1.4010
Target level at 1.3792

10. USDCHF: 35 Pips Loss

I cut loss at 1.0838, 35 pips loss.

Original trade:
Buy USDCHF at 1.0873
Stop level at 1.0740
Target level at 1.1007

11. USDJPY: 86 Pips Profit (video)

Target level was reached for USDJPY trade at 96.67, profit is 86 pips profit.

Original trade:
Buy USDJPY at 95.81
Stop level at 95.30
Target level at 96.67

12. AUDUSD: 51 Pips Profit (video)

Bearish formation forming. I closed my position at 0.7980, 51 pips profit.

Original trade:
Buy AUDUSD at 0.7929
Stop level at 0.7840
Target level at 0.8015

13. EURUSD: 28 Pips Profit (video)

Bearish formation formed. I closed my position at 1.3906, 28 pips profit.

Original trade:
Buy EURUSD at 1.3878
Stop level at 1.3715
Target level at 1.4034

14. AUDUSD: 102 Pips Profit (video)

AUDUSD is looking toppish. I closed my AUDUSD position at 0.8043, 102 pips profit.

Original trade:

Buy AUDUSD at 0.7941
Stop level at 0.7830
Target level at 0.8090

15. EURUSD: 42 Pips Profit (video)

I closed my EURUSD position at 1.3784, 42 pips profit.

Original trade:
Sell EURUSD at 1.3826
Stop level at 1.3948
Target level at 1.3696

16. GBPUSD: 109 Pips Profit (video)

I closed my position at 1.6276

Original trade:

Sell GBPUSD at 1.6385

Stop level at 1.6690

Target level at 1.6079

17. USDCHF: 42 Pips Profit (video)

I closed my trade at 1.0869, 42 pips profit.

Original trade:
Buy USDCHF at 1.0827
Stop level at 1.0679
Target level at 1.0971

18. AUDSD: 52 Pips Profit (video)

Weekend is approaching. I had closed this trade at 0.8097, 52 pips profit.

Original trade:
Sell AUDUSD at 0.8149
Stop level at 0.8140
Target level at 0.8031

19. AUDUSD: 28 Pips Profit

AUDUSD is getting weak. I closed my position at 0.8125, 28 pips profit.

Original trade:
Buy AUDUSD at 0.8097
Stop level at 0.7946
Target level at 0.8254

20. EURUSD: 150 Pips Profit

Target level reached at 1.4096, profit is 150 pips.

Original trade:
Bought EURUSD at 1.3946
Stop level at 1.3790
Target level at 1.4096

21. USDJPY: 96 Pips Profit (video)

Target level reached at 97.35, 96 pips profit.

Original trade:
Sell USDJPY at 98.31
Stop level at 99.00
Target level at 97.35

22. AUDUSD: 115 Pips Profit

Target level reached at 0.8036, profit is 115 pips.

Original trade:
Bought AUDUSD at 0.7921
Stop level at 0.7800
Target level at 0.8036

23. GBPUSD: 97 Pips Profit (video)

I close my GBPUSD position at 1.6238, 97 pips profit.

Original trade:
Bought GBPUSD at 1.6141
Stop level at 1.6047
Target level at 1.6268

24. USDCAD: 51 Pips Profit (video)

I closed my position at 1.1102, 51 pips profit.

Original trade:
Sell USDCAD at 1.1153
Stop at 1.1300
Target level at 1.1010

25. AUDUSD: 40 Pips Loss

Stop triggered.

Original trade:
Bought AUDUSD at 0.8060
Stop level at 0.8020
Target level at 0.8140

26. USDCAD: 10 Pips Profit

I closed my position at 1.1092, 10 pips profit.

Original trade:
Bought USDCAD at 1.1082
Stop level at 1.1026
Target level at 1.1178

27. EURUSD: 45 Pips Loss

Position is stopped out. Loss is 45 pips.

Original trade:
Shorted EURUSD at 1.4090
Stop level at 1.4135
Target level at 1.4010

28. EURUSD: 33 Pips Profit

I closed my position at 1.4177, 33 pips profit.

Original trade:
Shorted EURUSD at 1.4210
Stop level at 1.4259
Target level at 1.4134

29. EURUSD: 20 Pips Loss

I closed my position at 1.4160, 20 pips loss.

Original trade:
Sell EURUSD order at 1.4140
Stop level at 1.4095
Target level at 1.4060

30. EURUSD: 41 Pips Profit

I closed my position at 1.4184, 41 pips profit.

Original trade:
Sell EURUSD at 1.4225
Stop level at 1.4272
Target level at 1.4138

31. AUDUSD: 48 Pips Profit

I closed my trade at 0.8122, 48 pips profit.

Original trade:
Shorted AUDUSD at 0.8170
Stop level at 0.8216
Target level at 0.8116

32. EURUSD: 23 Pips Profit

I closed my position at 1.4273, 23 pips profit.

Original trade:
Bought EURSD at 1.4250
Stop level at 1.4200
Target level at 1.4330

33. AUDUSD: 70 Pips Loss

Stop triggered, loss is 70 pips.

Original trade:
Shorted AUDUSD at 0.8050
Stop level at 0.8120
Target level at 0.7950

34. AUDUSD: 42 Pips Profit

I closed my position at 0.8118, 42 pips profit.

Original trade:
Bought AUDUSD at 0.8076
Stop level at 0.8013
Target level at 0.8183

35. EURGBP: 71 Pips Loss

Support at 0.8700 breaks, I cut loss on this position at 0.8687.

Original trade:
Bought EURGBP at 0.8758
Stop level at 0.8640
Target level at 0.8900

All of my trades are executed based on fully tested trading system based on real life experience.

If you are interested to learn about this trading system, send an email to me at metal.commodity@tradingeducationprogram.org to sign up for my online trading education program.

1,183 pips profit was generated for the period of 1st June to 25th of June 2009

admin — Thu, 21 Jan 2010 04:02:22 +0000

1,183 pips profit was generated for the period of 1^st June to 25^th of June 2009. 29 trades were executed: 23 trades won and 6 trades lost. This results in a Success rate of 79%!

If you are trading 1 full contract (100,000) per trade, your profit for 1,183 pips will be around US$11,830.

Here are the details of my trades:

1. USDJPY: 62 Pips Profit (video)

USDJPY looks toppish. I decide to close my position at 96.37, 62 pips profit.

Original trade:

Buy USDJPY at 95.75
Stop level at 94.80
Target level at 96.90

2. EURUSD: 50 Pips Profit

US FOMC is going to announce interest rate decision within the next 2 hours. To avoid any unnecessary negative surprise, I decide to close my position now at 1.3968, 50 pips profit.

Original trade:
Sell EURUSD at 1.4018
Stop level at 1.4160
Target level at 1.3871

3. AUDUSD: 55 Pips Profit (video)

I closed my AUDUSD position at 0.7901, 55 pips profit.

Original trade:

Buy AUDUSD at 0.7846
Stop level at 0.7780
Target level at 0.7947

4. EURUSD: 51 Pips Profit (video)

I decide to close my position at 1.3857, 51 pips profit.

Original trade:
Sell EURUSD at 1.3908
Stop level at 1.4010
Target level at 1.3792

4. USDCHF: 35 Pips Loss

I cut loss at 1.0838, 35 pips loss.

Original trade:
Buy USDCHF at 1.0873
Stop level at 1.0740
Target level at 1.1007

5. USDJPY: 86 Pips Profit (video)

Target level was reached for USDJPY trade at 96.67, profit is 86 pips profit.

Original trade:
Buy USDJPY at 95.81
Stop level at 95.30
Target level at 96.67

6. AUDUSD: 51 Pips Profit (video)

Bearish formation forming. I closed my position at 0.7980, 51 pips profit.

Original trade:
Buy AUDUSD at 0.7929
Stop level at 0.7840
Target level at 0.8015

7. EURUSD: 28 Pips Profit (video)

Bearish formation formed. I closed my position at 1.3906, 28 pips profit.

Original trade:
Buy EURUSD at 1.3878
Stop level at 1.3715
Target level at 1.4034

8. AUDUSD: 102 Pips Profit (video)

AUDUSD is looking toppish. I closed my AUDUSD position at 0.8043, 102 pips profit.

Original trade:

Buy AUDUSD at 0.7941
Stop level at 0.7830
Target level at 0.8090

9. EURUSD: 42 Pips Profit (video)

I closed my EURUSD position at 1.3784, 42 pips profit.

Original trade:
Sell EURUSD at 1.3826
Stop level at 1.3948
Target level at 1.3696

10. GBPUSD: 109 Pips Profit (video)

I closed my position at 1.6276

Original trade:

Sell GBPUSD at 1.6385

Stop level at 1.6690

Target level at 1.6079

11. USDCHF: 42 Pips Profit (video)

I closed my trade at 1.0869, 42 pips profit.

Original trade:
Buy USDCHF at 1.0827
Stop level at 1.0679
Target level at 1.0971

12. AUDSD: 52 Pips Profit (video)

Weekend is approaching. I had closed this trade at 0.8097, 52 pips profit.

Original trade:
Sell AUDUSD at 0.8149
Stop level at 0.8140
Target level at 0.8031

13. AUDUSD: 28 Pips Profit

AUDUSD is getting weak. I closed my position at 0.8125, 28 pips profit.

Original trade:
Buy AUDUSD at 0.8097
Stop level at 0.7946
Target level at 0.8254

14. EURUSD: 150 Pips Profit

Target level reached at 1.4096, profit is 150 pips.

Original trade:
Bought EURUSD at 1.3946
Stop level at 1.3790
Target level at 1.4096

15. USDJPY: 96 Pips Profit (video)

Target level reached at 97.35, 96 pips profit.

Original trade:
Sell USDJPY at 98.31
Stop level at 99.00
Target level at 97.35

16. AUDUSD: 115 Pips Profit

Target level reached at 0.8036, profit is 115 pips.

Original trade:
Bought AUDUSD at 0.7921
Stop level at 0.7800
Target level at 0.8036

17. GBPUSD: 97 Pips Profit (video)

I close my GBPUSD position at 1.6238, 97 pips profit.

Original trade:
Bought GBPUSD at 1.6141
Stop level at 1.6047
Target level at 1.6268

18. USDCAD: 51 Pips Profit (video)

I closed my position at 1.1102, 51 pips profit.

Original trade:
Sell USDCAD at 1.1153
Stop at 1.1300
Target level at 1.1010

19. AUDUSD: 40 Pips Loss

Stop triggered.

Original trade:
Bought AUDUSD at 0.8060
Stop level at 0.8020
Target level at 0.8140

20. USDCAD: 10 Pips Profit

I closed my position at 1.1092, 10 pips profit.

Original trade:
Bought USDCAD at 1.1082
Stop level at 1.1026
Target level at 1.1178

21. EURUSD: 45 Pips Loss

Position is stopped out. Loss is 45 pips.

Original trade:
Shorted EURUSD at 1.4090
Stop level at 1.4135
Target level at 1.4010

22. EURUSD: 33 Pips Profit

I closed my position at 1.4177, 33 pips profit.

Original trade:
Shorted EURUSD at 1.4210
Stop level at 1.4259
Target level at 1.4134

23. EURUSD: 20 Pips Loss

I closed my position at 1.4160, 20 pips loss.

Original trade:
Sell EURUSD order at 1.4140
Stop level at 1.4095
Target level at 1.4060

24. EURUSD: 41 Pips Profit

I closed my position at 1.4184, 41 pips profit.

Original trade:
Sell EURUSD at 1.4225
Stop level at 1.4272
Target level at 1.4138

25. AUDUSD: 48 Pips Profit

I closed my trade at 0.8122, 48 pips profit.

Original trade:
Shorted AUDUSD at 0.8170
Stop level at 0.8216
Target level at 0.8116

26. EURUSD: 23 Pips Profit

I closed my position at 1.4273, 23 pips profit.

Original trade:
Bought EURSD at 1.4250
Stop level at 1.4200
Target level at 1.4330

27. AUDUSD: 70 Pips Loss

Stop triggered, loss is 70 pips.

Original trade:
Shorted AUDUSD at 0.8050
Stop level at 0.8120
Target level at 0.7950

28. AUDUSD: 42 Pips Profit

I closed my position at 0.8118, 42 pips profit.

Original trade:
Bought AUDUSD at 0.8076
Stop level at 0.8013
Target level at 0.8183

29. EURGBP: 71 Pips Loss

Support at 0.8700 breaks, I cut loss on this position at 0.8687.

Original trade:
Bought EURGBP at 0.8758
Stop level at 0.8640
Target level at 0.8900

All of my trades are executed based on fully tested trading system based on real life experience.

If you are interested to learn about this trading system, send an email to me at metal.commodity@tradingeducationprogram.org to sign up for my Trading Education Program.