Thread: Trader123's trading ideas

299 pips profit generated this week (20 Apr 09 – 23 Apr 09)
8 trades were executed: 7 won and only 1 loss

1. EURJPY: 55 Pips Profit (23 Apr 09)
I closed my position at 128.24, 55 pips profit.

Original trade:
Bought EURJPY at 127.69
Stop level at 125.90
Target level at 129.61

2. EURUSD: 82 Pips Profit (22 Apr 09)
Stochastic has become overbought. I closed my position at 1.3025, profit is 82 pips.

Original trade:
Bought EURUSD at 1.2943
Stop level at 1.2880
Target level at 1.3043

3. AUDUSD: 5 Pips Profit (22 Apr 09)

Seeing that US dollar is in strengthening mode again, I closed my position at 0.7006, 5 pips profit.

Original trade:
Bought AUDUSD at 0.7001
Stop level at 0.6940
Target level at 0.7097

4. EURJPY: 72 Pips Profit (22 Apr 09)
EURJPY is very near to a strong support at 126.30, a rebound is possible. I closed my position at 126.65, profit is 72 pips profit.

Original trade:
Shorted EURJPY at 127.37
Stop level at 128.13
Target level at 126.43

5. AUDUSD: 32 Pips Loss (21 Apr 09)
Support level at 0.7050 has broken. I cut loss at 0.7036, loss is 32 pips.

Original trade:
Bought AUDUSD at 0.7068
Stop level at 0.7024
Target level at 0.7165

6. EURJPY: 14 Pips Profit (20 Apr 09)
EURUSD has rebound slightly after falling 61.8%.
I closed my position at 128.04, 14 pips profit.

Original trade:
Shorted EURJPY at 128.18
Stop level at 128.91
Target level at 127.00

7. AUDUSD: 8 Pips Profit (20 Apr 09)
US dollar has strengthen across the board.
I closed my position at 0.7183, 8 pips profit.

Original trade:
Bought AUDUSD at 0.7175
Stop level at 0.7121
Target level at 0.7285

8. EURJPY: 95 Pips Profit (20 Apr 09)
ECB executive board member Bini Smaghi said interest rate is near to bottom, express skepticism about further aggressive interest rate cut.

I closed my position at 128.29, 95 pips profit.
Original trade:
Shorted EURJPY at 129.24
Stop level at 130.10
Target level at 1.2700 (amended)

All the trades were generated based on BL TS system. Subscribers of our Trading Education Program will be taught about this system. To find out more go to TradingEducationProgram.org.

To sign up, send an email to us at metal.commodity@TradingEducationProgram.org.

I had sent out email to my all my subscribers to short EURUSD at 1.3300. EURUSD tanked after that. Huge number of subscribers shorting EURUSD at the same time does have a powerful effect.

My subscribers come from Australia, Brunei, Canada, Czech Republic, France, India, Ireland, Italy, Poland, Singapore, Sweden, Vietnam, Ukraine, United Kingdom and United States of America.

If you would like to subscribe to this powerful community, send an email to metal.commodity@tradingeducationprogram.org.

Will EURUSD Downtrend Continues?

Unemployment rate at Germany rose to 8.3 percent, a 16 month high. As the largest nation within the Eurozone, the labor market in Germany is critical to health of the region’s overall economy. The Eurozone unemployment rate also rose to 8.9 percent, the highest level since November 2005.

Next week’s European Central Bank will announce interest rate decision. The central bank is widely expected to announce an interest rate cut as well as unconventional measures to stimulate the economy, but at the same time, they may say that further rate cuts is unlikely.

EURUSD is trading on a downtrend in a daily chart. Stochastic has shown that EURUSD is in overbought region. We believe that the possibility of falling is high.

We had shorted EURUSD at 1.3300 according to our email to our subscribers, this trade is currently sitting on 45 pips profit.

Chart: http://tradingeducationprogram.org/2...end-continues/

EURUSD moves towards centre of the channel

The European Commission cut its forecast for the euro-area economy to show a contraction twice as deep as it projected just three months ago, and said the region’s deficit will swell to more than double the European Union limit.

The economy of the 16 countries sharing the euro will shrink 4 percent in 2009 and 0.1 percent in 2010, the Brussels- based commission, the European Union’s executive, said today, revising a January estimate for a contraction of 1.9 percent this year. The region’s average budget deficit will swell to 6.5 percent of output next year, when unemployment will rise to 11.5 percent, the commission said.

This news has weaken EURO. EURUSD is moving towards the centre of the channel.

Chart: http://tradingeducationprogram.org/2...re-of-channel/

My student is better than me!
See this: http://tradingeducationprogram.org/2...etter-than-me/

My students' emails to me:
http://tradingeducationprogram.org/2...itable-trades/

I had just informed my subscribers on a 200 pips potential trade on USDJPY. To find out more about this trading opportunity, send an email to me at metal.commodity@tradingeducationprogram.org OR metal.commodity@gmail.com.

If you have been trading long enough, I believe you will be very familiar with the technical indicators, ie Bollingerband, MACD, Williams, Commodity Channel, Relative Strength Index, Parabolic etc.

But have you been making money using those indicators? Sometimes I guess. Have you wondered why sometimes it works and why sometimes it does not work?

We had written an article in the link below to explain why this is so and what is the solution to this problem:

http://tradingeducationprogram.org/2...ry-in-trading/

Below are trades generated in May 2009 based on BL TS system (Great discovery methodology:



1. Sell EURUSD at 1.3599

Closed at 25 pips profit.



2. Sell EURJPY at 1.3596

Closed at 40 pips profit.



3. Sell USDJPY at 97.31

Closed at 12 pips profit.



4. Bought EURUSD at 1.3612

Closed at 62 pips profit



5. Bought AUDUSD at 0.7611

Closed at 30 pips profit



6. Bought EURJPY at 132.84

Closed at 65 pips profit



7. Bought EURJPY at 133.47

Closed at 78 pips loss



8. Bought EURJPY at 132.50

Closed at 41 pips loss



9. Sell USDJPY at 96.60

Closed at 42 pips profit



10. Bought EURJPY at 132.09

Closed at 119 pips loss



11. Sell EURUSD at 1.3645

Closed at 95 pips profit



12. Sell USDJPY at 95.37

Closed at 51 pips profit



13. Buy EURUSD at 1.3603

Closed at 93 pips loss



14. Buy AUDUSD at 0.7480

Closed at 60 pips profit



15. Buy USDJPY at 95.27

Closed at 45 pips profit.



16. Buy AUDUSD at 0.7545

Closed at 10 pips profit



17. Buy EURUSD at 1.3590

Closed at 57 pips profit.



18. Buy USDJPY at 96.61

Closed at 26 pips profit



19. Sell USDJPY at 96.06

Closed at 39 pips profit



20. Sell EURJPY at 130.36

Closed at 34 pips profit



21. Buy EURGBP at 0.8823

Closed at 73 pips loss



Total trades generated: 21

Winning trades: 16

Losing trades: 5

Success rate: 76%



Pips Profit: 289 pips


If you are interested to subscribe into our service, send an email to us at metal.commodity@tradingeducationprogram.org.

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 know more about our proprietary trading strategy (BL TS System).

In our previous article we had used USDJPY as an example. This round we will use another currency pair, EURJPY:

See: Case study for Euro Yen (EURJPY)