76% 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.
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:
21 trades in total: 16 winning trades and 5 losing trades
1. 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 on 30 September as growing expectations that lawmakers will salvage a 0 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. Praise the Lord Jesus. I took the opportunity to sell USDJPY at 105.90, profit is 94 pips, US9.93.
2. 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, US8.00.
3. 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, US7.13.
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.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.44.
6. 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, US4.37.
7. 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.
8. 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, US1.13.
9. 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, US1.40.
10. 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, US6.06.
11. 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.
12. 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, US4.44.
13. 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.57.
14. 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 US4.
15. 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.81.
16. 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.75.
17. 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.59.
18. 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.60.
19. 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.00.
20. 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.
21. 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.
To find out more about Trading Education Program that teaches on BL Trading System, go to: TradingEducationProgram.org.
Currently I’m working as a forex trader in a hedge fund. Previously I was working as a commodity specialist in a bank.
Aspires to be a fund manager. In 2007, I had participated in a 1 year stock-pick competition organized by Zacks.com in America. At the end of the competition, I was ranked 407th out of 27,700 participants, hence this makes me top 1.47% of the competition. I had achieved 32.67% return on the competition portfolio, for the same period S&P was only up 6.99%, and Dow Jones was only up 4.16%, hence I had outperformed the broad market by a wide margin.
My forex trading journal: http://www.forexandbinary.com/
Tags: Amp, Centuries, from, Greed, Human Behaviour, Human Nature, Lawmakers, Lord Jesus, NZD/USD, Phenomenon, Pips, plunge, rate, S 500, Salvage, Success, Success Rate, System., Target Level, Time Frame, Trading, Undercurrents, USD/CAD, USD/JPY, Waves
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