You don't understand a specific financial term ? Visit our Forex glossary
Page 1 of 22 12311 ... LastLast
Results 1 to 10 of 215
  1. #1
    trader123 is offline Senior Member
    Join Date
    Jun 2008
    Posts
    279

    Default Trader123's trading ideas

    Bought 100,000 EUR/GBP at 0.7873

    Often I have requests from friends and readers asking me to do back-testing for particular products. I had done a lot of the tests upon their requests, but that does not mean that my back-testing is successful.

    How do I define success in back-testing?
    Purpose of my back-test is to find the best indicator to track the buy signals and sell signals. For example if my result shows that RSI is the best indicator to track the buy and sell signals, but my test result shows that the profit achieved is rather small, I'll still conclude that the test has failed.

    Finding the best indicator is not sufficient for me to use that for trading, it MUST prove itself to be a profitable indicator.

    Recently I had done a test on EUR/GBP, my back-test was successful as the profit achieved in the test is pretty decent. Currently my proven indicator has signal buy.

    Fundamental of GBP
    Fundamentally UK is facing housing problem just like US, but GBP has maintained at this level due to its relative higher interest rate. I believe GBP is overvalued.

    Bought 100,000 EUR/GBP at 0.7873
    Place a GTC stop at 0.7845
    Target level at 0.7910

    Full report here: http://binarytrading.blogspot.com/20...-at-07873.html
    Useful links:
    [url]http://TradingEducationProgram.org/[/url]
    (Trading education service provided)

  2. #2
    trader123 is offline Senior Member
    Join Date
    Jun 2008
    Posts
    279

    Default

    Today I had bought 100,000 EUR/GBP at 0.7873, placed a GTC stop at 0.7845 and target level at 0.7910.

    EUR/GBP looks toppish after reaching 0.7905, so since its quite near to my target price of 0.7910, I choose to take profit at 0.7893.

    Profit is in GBP, platform has auto converted my profit back into USD. Realised profit is US$395.62.
    Useful links:
    [url]http://TradingEducationProgram.org/[/url]
    (Trading education service provided)

  3. #3
    trader123 is offline Senior Member
    Join Date
    Jun 2008
    Posts
    279

    Default

    Useful links:
    [url]http://TradingEducationProgram.org/[/url]
    (Trading education service provided)

  4. #4
    trader123 is offline Senior Member
    Join Date
    Jun 2008
    Posts
    279

    Default

    Oil price is still trading in a range of $131 - $139.

    FOMC meeting will start this week, and market expects interest rate to remain the same. I do think interest will remain the same as well as US economy is still weak. If Federal Reserves raises interest rate by surprise, oil price is expected to dip down.

    I'll be interested to short oil at $138 and put a stop at $140.

    If you interested to trade supermini oil contract, click here.
    Useful links:
    [url]http://TradingEducationProgram.org/[/url]
    (Trading education service provided)

  5. #5
    trader123 is offline Senior Member
    Join Date
    Jun 2008
    Posts
    279

    Default

    There is a resistance at $385, copper price looks weak as USD starts to strengthen in advance of Fed meeting on wednesday.

    Shorted 1 lot of Comex Copper July at $382.20
    Place a GTC stop at $387
    Target level at $375
    Value of 1 point = US$250

    See here for copper chart: http://basemetal-trading.blogspot.co...r-july-at.html
    Useful links:
    [url]http://TradingEducationProgram.org/[/url]
    (Trading education service provided)

  6. #6
    trader123 is offline Senior Member
    Join Date
    Jun 2008
    Posts
    279

    Default

    Shorted 1 lot of gold at $903.88

    Resistance is formed at $908. USD has strengthened in advanced of Fed meeting resulting in weak gold price.

    My indicator has signaled to me that gold is near to overbought region.

    Shorted 1 lot of gold at $902.13
    Place a GTC stop at $909.00
    Target level at $898.00

    See here for gold chart: http://basemetal-trading.blogspot.co...-at-90388.html
    Useful links:
    [url]http://TradingEducationProgram.org/[/url]
    (Trading education service provided)

  7. #7
    trader123 is offline Senior Member
    Join Date
    Jun 2008
    Posts
    279

    Default

    Quote Originally Posted by trader123 View Post
    Shorted 1 lot of gold at $903.88

    Resistance is formed at $908. USD has strengthened in advanced of Fed meeting resulting in weak gold price.

    My indicator has signaled to me that gold is near to overbought region.

    Shorted 1 lot of gold at $902.13
    Place a GTC stop at $909.00
    Target level at $898.00

    See here for gold chart: http://basemetal-trading.blogspot.co...-at-90388.html
    Gold price fell below $898, so my trade has taken profit at $898. Realised profit is $413. Full report here: http://basemetal-trading.blogspot.co...88-closed.html
    Useful links:
    [url]http://TradingEducationProgram.org/[/url]
    (Trading education service provided)

  8. #8
    trader123 is offline Senior Member
    Join Date
    Jun 2008
    Posts
    279

    Default

    Quote Originally Posted by trader123 View Post
    There is a resistance at $385, copper price looks weak as USD starts to strengthen in advance of Fed meeting on wednesday.

    Shorted 1 lot of Comex Copper July at $382.20
    Place a GTC stop at $387
    Target level at $375
    Value of 1 point = US$250

    See here for copper chart: http://basemetal-trading.blogspot.co...r-july-at.html
    Copper has fallen to $377.85 now, decided to take profit at $378. Realised profit is US$1050.

    See here:
    http://basemetal-trading.blogspot.co...uly-at_23.html
    Useful links:
    [url]http://TradingEducationProgram.org/[/url]
    (Trading education service provided)

  9. #9
    trader123 is offline Senior Member
    Join Date
    Jun 2008
    Posts
    279

    Default

    Oil price is still trading in a range of $131 - $139. Currently oil is trading near to the peak of the range.

    Shorted 1 lot of supermini oil at $137.10
    Placed a GTC stop at $140
    Target level at $134
    Useful links:
    [url]http://TradingEducationProgram.org/[/url]
    (Trading education service provided)

  10. #10
    trader123 is offline Senior Member
    Join Date
    Jun 2008
    Posts
    279

    Default

    My proven indicator is still showing buy signal for AUD/USD. Looking at 10min chart, mini double-bottom and uptrend line are formed.

    Bought 100,000 AUD/USD at 0.9528
    Place at GTC stop at 0.9488
    Target level at 0.9560
    Useful links:
    [url]http://TradingEducationProgram.org/[/url]
    (Trading education service provided)

Page 1 of 22 12311 ... LastLast

Similar Threads

  1. Replies: 0
    Last Post: 08-09-2013, 11:54 PM
  2. Ideas for trading systems
    By Davidee in forum Online Forex Trading
    Replies: 3
    Last Post: 11-07-2011, 03:29 AM
  3. Need ideas for articles!?
    By ProFXBlog in forum FX Articles
    Replies: 3
    Last Post: 09-06-2011, 12:40 AM
  4. Forex Ideas
    By Ivica in forum EUR USD, GBP USD, USD CHF ...
    Replies: 1
    Last Post: 11-18-2008, 03:44 AM
  5. Any ideas on EUR/USD for this week?
    By chrisjones50 in forum Forex Forecast
    Replies: 1
    Last Post: 10-16-2008, 02:58 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Comparing Versions of footer
 

Search Engine Friendly URLs by vBSEO 3.6.0