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  1. #21
    trader123 is offline Senior Member
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    Quote Originally Posted by trader123 View Post
    My proven indicator is still showing buy signal for AUD/USD.

    Bought 100,000 AUD/USD at 0.9570
    Place GTC stop at 0.9520
    Target level at 0.9620
    AUD/USD goes above 0.9620, so my position is closed at a profit.
    Realised gain is US$500.

    My indicator has proven to be accurate, reliable and profitable.
    Useful links:
    [url]http://TradingEducationProgram.org/[/url]
    (Trading education service provided)

  2. #22
    trader123 is offline Senior Member
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    My equity in my account is now US$8102.76, I had opened the account with US$5000, so my account is still up 62% this year.

    This week is a frustrating week for me and my readers (who had followed my trades). We had bought EURGBP and NZDUSD on 2 occassions based on buy signal from my indicators, both positions were stopped out, after that they rebounded sharply up.

    But the encouraging thing is that my indicator has continued to proven that it is accurate and reliable, as the currency pairs eventually move according to its signals.

    To counter the above problem, I may reduce my forex contract size from 100,000 to 50,000, so I can afford to place a stop further away.

    I had lost 2 trades on my oil trading. Some readers question me about my indicator for oil trading. Actually that is a punt, seeing oil trading within the range of $131 to $139, its logic to sell at the resistance and buy at the support level. However oil has broken out of the range this week.

    I try to keep to my rule on oil trading: Never short oil.
    Useful links:
    [url]http://TradingEducationProgram.org/[/url]
    (Trading education service provided)

  3. #23
    trader123 is offline Senior Member
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    Today my indicator has signaled sell for EUR/JPY, I reduce my size and place my stop further this round.

    Shorted 50,000 EUR/JPY at 167.91
    Place a GTC stop at 168.80
    Target level at 167.00
    Last edited by trader123; 06-29-2008 at 08:23 PM.
    Useful links:
    [url]http://TradingEducationProgram.org/[/url]
    (Trading education service provided)

  4. #24
    trader123 is offline Senior Member
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    Quote Originally Posted by trader123 View Post
    Today my indicator has signaled sell for EUR/JPY, I reduce my size and place my stop further this round.

    Shorted 50,000 EUR/JPY at 167.91
    Place a GTC stop at 168.80
    Target level at 167.00
    EUR/JPY went below 167, so my limit order to buy back at 167 was filled. My realised profit is US$430.22.
    Useful links:
    [url]http://TradingEducationProgram.org/[/url]
    (Trading education service provided)

  5. #25
    trader123 is offline Senior Member
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    Resistance for gold is at $935, indicator showing sell signal.

    Shorted 1 lot of gold at 932.50.
    Place a GTC stop at $937
    Target level at $922
    Value of 1 point is US$100
    Useful links:
    [url]http://TradingEducationProgram.org/[/url]
    (Trading education service provided)

  6. #26
    trader123 is offline Senior Member
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    Quote Originally Posted by trader123 View Post
    Resistance for gold is at $935, indicator showing sell signal.

    Shorted 1 lot of gold at 932.50.
    Place a GTC stop at $937
    Target level at $922
    Value of 1 point is US$100
    Gold price goes below $922, so my position is closed off at a profit. Realised profit is US$1050.
    Useful links:
    [url]http://TradingEducationProgram.org/[/url]
    (Trading education service provided)

  7. #27
    trader123 is offline Senior Member
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    My indicator is still signaled sell for EUR/JPY on the daily chart, and hourly chart is showing that EUR/JPY is getting overbought at the moment.

    Shorted 50,000 EUR/JPY at 167.07
    Place a GTC stop at 167.90
    Target level at 165.90
    Useful links:
    [url]http://TradingEducationProgram.org/[/url]
    (Trading education service provided)

  8. #28
    trader123 is offline Senior Member
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    Yesterday I had shorted 50,000 EUR/JPY at 167.07, place a GTC stop at 167.90, target level at 165.90.

    Reason for my bullishness in JPY is the fear factor. With bad news coming up in the financial market, this creates fear. And when fear builds up, this strengthens JPY.

    Currently EUR/JPY is trading at 167.13
    Unrealised loss is US$38.48

    Chart:
    http://binarytrading.blogspot.com/20...-review-1.html
    Useful links:
    [url]http://TradingEducationProgram.org/[/url]
    (Trading education service provided)

  9. #29
    trader123 is offline Senior Member
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    Quote Originally Posted by trader123 View Post
    My indicator is still signaled sell for EUR/JPY on the daily chart, and hourly chart is showing that EUR/JPY is getting overbought at the moment.

    Shorted 50,000 EUR/JPY at 167.07
    Place a GTC stop at 167.90
    Target level at 165.90
    Support level at 166.17 is very strong, so I decide to take profit first.

    Closed off position at 166.36
    Realised profit is US$331.06
    Useful links:
    [url]http://TradingEducationProgram.org/[/url]
    (Trading education service provided)

  10. #30
    trader123 is offline Senior Member
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    My indicator is showing buy signal. US dollar has strengthened across the board. Strong support at 1.0140 on the 10 min chart.

    Bought 100,000 USD/CHF at 1.0166
    Place a stop at 1.0120
    Target level at 1.0215
    Useful links:
    [url]http://TradingEducationProgram.org/[/url]
    (Trading education service provided)

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