73% Sucess Rate in my Trading System

trader123 · 09-13-2008, 03:37 PM

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 at metal.commodity@gmail.com. I am willing to reveal my trading system for free, conditions apply.

My FX website: Forex & Binary Trading

trader123 · 09-29-2008, 12:52 PM

Update from BL Trading System:

75% Success Rate from BL Trading System

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.

After years of building systems, testings, modifications, and more testings, I had finally created a trading system that had helped me to achieve more than 70% success rate in forex trading.

Below are trades executed based on my trading system:

20 trades in total: 15 winning trades and 5 losing trades

1. 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.

2. 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.

3. 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.

4. 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.

5. 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.

6. 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.

7. 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.

8. 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.

9. 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.

10. 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.

11. 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.

12. 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.

13. 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.

14. 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.

15. 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.

16. 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.

17. 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.

18. 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.

19. 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.

20. 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, send an email to me at metal.commodity@gmail.com. I am willing to reveal my trading system for free, conditions apply.

trader123 · 10-05-2008, 04:40 PM

Success rate of BL Trading System has increased to 77%

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: Forex Trading Online : Currency Trading Broker by FOREXYARD), deposit your funds in, then inform me by sending an email to me at metal.commodity@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.
__________________

trader123 · 10-10-2008, 11:21 AM

100% Success Rate for USDJPY Trades

Some of the best forex traders that I know are currency pair specialists. They may be specialised in EURUSD, AUDUSD or GBPUSD.

I did not build BL Trading System to be a currency pair specialist but it turns out that it has tremendous success rate (100%) for USDJPY.

12 USDJPY trades were executed and all 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 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.

9. 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.

10. 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.

11. 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.

12. 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: Forex Trading Online : Currency Trading Broker by FOREXYARD), deposit your funds in, then inform me by sending an email to me at metal.commodity@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.

trader123 · 11-04-2008, 08:40 AM

Three New Trades From BL Trading System

1. Bought 20,000 AUDUSD at 0.6705
Stop level at 0.6590

2. Sold 20,000 USDCHF at 1.1740
Stop level at 1.1820

3. Bought 20,000 EURJPY at 125.25
Stop level at 124.25

Link: Forex & Binary Trading

trader123 · 11-04-2008, 10:55 AM

Quote:

Originally Posted by trader123

Three New Trades From BL Trading System

1. Bought 20,000 AUDUSD at 0.6705
Stop level at 0.6590

2. Sold 20,000 USDCHF at 1.1740
Stop level at 1.1820

3. Bought 20,000 EURJPY at 125.25
Stop level at 124.25

Link: Forex & Binary Trading

1. I had bought 20,000 AUDUSD at 0.6705, stop level at 0.6590.
I took profit at 0.6739, 34 pips, US$68.00 profit.

2. I had bought 20,000 USDCHF at 1.1740, stop level at 0.1.1820.
I took profit at 1.1734, 6 pips, US$10.23 profit.

3. I had bought 20,000 EURJPY at 125.25, stop level at 124.25.
I sold off at 126.35, profit is 110 pips, US$221.80.

trader123 · 11-08-2008, 12:30 AM

Forex Trades This Week (2nd Nov - 7th Nov): US$727.93

I had executed 17 trades this week: 12 wins and 5 loses (70% success rate)

1. On 7 November I had bought 10,000 AUDUSD at 0.6646, stop level at 0.6500, target level at 0.6788.
My signal has started to turn from BUY to SELL, so I decide to take profit.Sold 10,000 AUDUSD at 0.6728, profit is 82 pips, US$82.00.

2. On 7 November I had bought 10,000 EURJPY at 125.00, trailing stop at 150 pips.
Stop triggered at 60.65, loss is 74 pips, US$74.00.

3. On 6 November I had bought 10,000 EURJPY at 125.94, stop level at 124.91, target level at 128.50.
Stop is triggered, loss is US$105.32.

4. On 6 November I had placed a order to short 20,000 EURJPY at 127.20, stop level at 128.70, target level at 125.70.
Target level is reached at 125.70. Profit is 150 pips, US$306.69.

5. On 6 November I had bought 10,000 AUDUSD at 0.6723, stop level at 0.6650, target level at 0.6821.
I took profit at 0.6776, profit is 53 pips, US$53.00.

6. On 6 November I had bought 20,000 EURJPY at 126.65, stop level at 125.00, target level at 128.60.
EURJPY keeps falling, I decide to cut loss. Sold at 125.67, loss is US$200.78.

7. On 5 November I had shorted 20,000 EURJPY at 128.61.
EURJPY trade was stopped out, so loss is 50 pips, US$100.17.

8. On 5 November I had shorted 20,000 AUDUSD at 0.6925.
AUDUSD moves in my view, I took profit at 0.6864, profit is 61 pips, US$122.00.

9. On 5 November I had shorted USDCHF at 1.1685.
USDCHF moves in my favour, I bought USDCHF back at 1.1622, profit is 63 pips, US$108.42.

10. On 4 November I had shorted 20,000 EURJPY at 124.87, stop level at 125.91, target level at 123.40.
I decided to sell at 124.28, profit is 59 pips, US$117.37.

11. On 4 Novemer I had bought 20,000 AUDUSD at 0.6705, stop level at 0.6590.
I took profit at 0.6739, 34 pips, US$68.00 profit.

12. On 4 November I had bought 20,000 USDCHF at 1.1740, stop level at 0.1.1820.
I took profit at 1.1734, 6 pips, US$10.23 profit.

13. On 4 November I had bought 20,000 EURJPY at 125.25, stop level at 124.25.
I sold off at 126.35, profit is 110 pips, US$221.80.

14. On 3 November I had shorted 20,000 EURJPY at 126.60, stop level at 127.56, target level at 125.41.I decided to sell at 126.01, profit is 59 pips, US$119.96.

15. On 3 November I had sold 10,000 AUDUSD at 0.6789, stop level at 0.6939, target level at 0.6644.
I took profit at 0.6756, profit is 33 pips, US$33.00.

16. On 3 November I had bought EURJPY at 126.93, stop level at 126.00, target level at 128.18.
I took profit at 127.52, profit is 59 pips, US$59.49.

17. On 3 November I had bought USDCAD at 1.2000, stop level at 1.1885, target level at 1.2113.
Stop is triggered, loss is US$96.76.

All of my trades are executed based on BL TS (Trading System). I am willing to share the details of my system for free, condition applies. Send me an email to metal.commodity@gmail.com.

Link: Forex & Binary Trading: Forex Trades This Week (2nd Nov - 7th Nov): US$727.93

BeautyLady · 11-12-2008, 02:56 AM

I see you trade with a lot of different pairs and the method seems to do all right. I’d like to know for how long you have been trading. The things is that I was told that it was better to stick to certain pairs.

trader123 · 11-15-2008, 09:31 AM

Quote:

Originally Posted by BeautyLady

I see you trade with a lot of different pairs and the method seems to do all right. I’d like to know for how long you have been trading. The things is that I was told that it was better to stick to certain pairs.

I have been trading for 2.5 years. Yes it is better to stick to 1 or 2 currency pairs when you are new.

My system has outstanding track record for this particular currency pair: USDJPY. See here: Forex & Binary Trading: 100% Success Rate for USDJPY Trades

If you are interested in my system, send an email to me at metal.commodity@gmail.com.

jeffsmith · 11-17-2008, 11:03 AM

Hello trader123
I have been trading for 2 years now. Your system looks good.I took out tme to visit your blog. i found it very resourceful as well as interesting.You're strategy look great. Will definitely check out you other blogs too.