Learn Forex: How Do I Generate US$1450 when I was sleeping

1,183 pips profit was generated for the period of 1st June to 25th of June 2009

1,183 pips profit was generated for the period of 1^st June to 25^th of June 2009. 29 trades were executed: 23 trades won and 6 trades lost. This results in a Success rate of 79%!

If you are trading 1 full contract (100,000) per trade, your profit for 1,183 pips will be around US$11,830.

Here are the details of my trades:

1. USDJPY: 62 Pips Profit (video)

USDJPY looks toppish. I decide to close my position at 96.37, 62 pips profit.

Original trade:

Buy USDJPY at 95.75
Stop level at 94.80
Target level at 96.90

2. EURUSD: 50 Pips Profit

US FOMC is going to announce interest rate decision within the next 2 hours. To avoid any unnecessary negative surprise, I decide to close my position now at 1.3968, 50 pips profit.

Original trade:
Sell EURUSD at 1.4018
Stop level at 1.4160
Target level at 1.3871

3. AUDUSD: 55 Pips Profit (video)

I closed my AUDUSD position at 0.7901, 55 pips profit.

Original trade:

Buy AUDUSD at 0.7846
Stop level at 0.7780
Target level at 0.7947

4. EURUSD: 51 Pips Profit (video)

I decide to close my position at 1.3857, 51 pips profit.

Original trade:
Sell EURUSD at 1.3908
Stop level at 1.4010
Target level at 1.3792

4. USDCHF: 35 Pips Loss

I cut loss at 1.0838, 35 pips loss.

Original trade:
Buy USDCHF at 1.0873
Stop level at 1.0740
Target level at 1.1007

5. USDJPY: 86 Pips Profit (video)

Target level was reached for USDJPY trade at 96.67, profit is 86 pips profit.

Original trade:
Buy USDJPY at 95.81
Stop level at 95.30
Target level at 96.67

6. AUDUSD: 51 Pips Profit (video)

Bearish formation forming. I closed my position at 0.7980, 51 pips profit.

Original trade:
Buy AUDUSD at 0.7929
Stop level at 0.7840
Target level at 0.8015

7. EURUSD: 28 Pips Profit (video)

Bearish formation formed. I closed my position at 1.3906, 28 pips profit.

Original trade:
Buy EURUSD at 1.3878
Stop level at 1.3715
Target level at 1.4034

8. AUDUSD: 102 Pips Profit (video)

AUDUSD is looking toppish. I closed my AUDUSD position at 0.8043, 102 pips profit.

Original trade:

Buy AUDUSD at 0.7941
Stop level at 0.7830
Target level at 0.8090

9. EURUSD: 42 Pips Profit (video)

I closed my EURUSD position at 1.3784, 42 pips profit.

Original trade:
Sell EURUSD at 1.3826
Stop level at 1.3948
Target level at 1.3696

10. GBPUSD: 109 Pips Profit (video)

I closed my position at 1.6276

Original trade:

Sell GBPUSD at 1.6385

Stop level at 1.6690

Target level at 1.6079

11. USDCHF: 42 Pips Profit (video)

I closed my trade at 1.0869, 42 pips profit.

Original trade:
Buy USDCHF at 1.0827
Stop level at 1.0679
Target level at 1.0971

12. AUDSD: 52 Pips Profit (video)

Weekend is approaching. I had closed this trade at 0.8097, 52 pips profit.

Original trade:
Sell AUDUSD at 0.8149
Stop level at 0.8140
Target level at 0.8031

13. AUDUSD: 28 Pips Profit

AUDUSD is getting weak. I closed my position at 0.8125, 28 pips profit.

Original trade:
Buy AUDUSD at 0.8097
Stop level at 0.7946
Target level at 0.8254

14. EURUSD: 150 Pips Profit

Target level reached at 1.4096, profit is 150 pips.

Original trade:
Bought EURUSD at 1.3946
Stop level at 1.3790
Target level at 1.4096

15. USDJPY: 96 Pips Profit (video)

Target level reached at 97.35, 96 pips profit.

Original trade:
Sell USDJPY at 98.31
Stop level at 99.00
Target level at 97.35

16. AUDUSD: 115 Pips Profit

Target level reached at 0.8036, profit is 115 pips.

Original trade:
Bought AUDUSD at 0.7921
Stop level at 0.7800
Target level at 0.8036

17. GBPUSD: 97 Pips Profit (video)

I close my GBPUSD position at 1.6238, 97 pips profit.

Original trade:
Bought GBPUSD at 1.6141
Stop level at 1.6047
Target level at 1.6268

18. USDCAD: 51 Pips Profit (video)

I closed my position at 1.1102, 51 pips profit.

Original trade:
Sell USDCAD at 1.1153
Stop at 1.1300
Target level at 1.1010

19. AUDUSD: 40 Pips Loss

Stop triggered.

Original trade:
Bought AUDUSD at 0.8060
Stop level at 0.8020
Target level at 0.8140

20. USDCAD: 10 Pips Profit

I closed my position at 1.1092, 10 pips profit.

Original trade:
Bought USDCAD at 1.1082
Stop level at 1.1026
Target level at 1.1178

21. EURUSD: 45 Pips Loss

Position is stopped out. Loss is 45 pips.

Original trade:
Shorted EURUSD at 1.4090
Stop level at 1.4135
Target level at 1.4010

22. EURUSD: 33 Pips Profit

I closed my position at 1.4177, 33 pips profit.

Original trade:
Shorted EURUSD at 1.4210
Stop level at 1.4259
Target level at 1.4134

23. EURUSD: 20 Pips Loss

I closed my position at 1.4160, 20 pips loss.

Original trade:
Sell EURUSD order at 1.4140
Stop level at 1.4095
Target level at 1.4060

24. EURUSD: 41 Pips Profit

I closed my position at 1.4184, 41 pips profit.

Original trade:
Sell EURUSD at 1.4225
Stop level at 1.4272
Target level at 1.4138

25. AUDUSD: 48 Pips Profit

I closed my trade at 0.8122, 48 pips profit.

Original trade:
Shorted AUDUSD at 0.8170
Stop level at 0.8216
Target level at 0.8116

26. EURUSD: 23 Pips Profit

I closed my position at 1.4273, 23 pips profit.

Original trade:
Bought EURSD at 1.4250
Stop level at 1.4200
Target level at 1.4330

27. AUDUSD: 70 Pips Loss

Stop triggered, loss is 70 pips.

Original trade:
Shorted AUDUSD at 0.8050
Stop level at 0.8120
Target level at 0.7950

28. AUDUSD: 42 Pips Profit

I closed my position at 0.8118, 42 pips profit.

Original trade:
Bought AUDUSD at 0.8076
Stop level at 0.8013
Target level at 0.8183

29. EURGBP: 71 Pips Loss

Support at 0.8700 breaks, I cut loss on this position at 0.8687.

Original trade:
Bought EURGBP at 0.8758
Stop level at 0.8640
Target level at 0.8900

All of my trades are executed based on fully tested trading system based on real life experience.

If you are interested to learn about this trading system, send an email to me at metal.commodity@tradingeducationprogram.org to sign up for my Trading Education Program.

965 pips profit was generated for the period of 1st June to 21th of June 2009

965 pips profit was generated for the period of 1^st June to 21^th of June 2009. 26 trades were executed: 20 trades won and 6 trades lost. This results in a Success rate of 77%!

If you are trading 1 full contract (100,000) per trade, your profit for 965 pips will be around US$9,650.

Here are the details of my trades:

1. USDCHF: 35 Pips Loss

I cut loss at 1.0838, 35 pips loss.

Original trade:
Buy USDCHF at 1.0873
Stop level at 1.0740
Target level at 1.1007

2. USDJPY: 86 Pips Profit (video)

Target level was reached for USDJPY trade at 96.67, profit is 86 pips profit.

Original trade:
Buy USDJPY at 95.81
Stop level at 95.30
Target level at 96.67

3. AUDUSD: 51 Pips Profit (video)

Bearish formation forming. I closed my position at 0.7980, 51 pips profit.

Original trade:
Buy AUDUSD at 0.7929
Stop level at 0.7840
Target level at 0.8015

4. EURUSD: 28 Pips Profit (video)

Bearish formation formed. I closed my position at 1.3906, 28 pips profit.

Original trade:
Buy EURUSD at 1.3878
Stop level at 1.3715
Target level at 1.4034

5. AUDUSD: 102 Pips Profit (video)

AUDUSD is looking toppish. I closed my AUDUSD position at 0.8043, 102 pips profit.

Original trade:

Buy AUDUSD at 0.7941
Stop level at 0.7830
Target level at 0.8090

6. EURUSD: 42 Pips Profit (video)

I closed my EURUSD position at 1.3784, 42 pips profit.

Original trade:
Sell EURUSD at 1.3826
Stop level at 1.3948
Target level at 1.3696

7. GBPUSD: 109 Pips Profit (video)

I closed my position at 1.6276

Original trade:

Sell GBPUSD at 1.6385

Stop level at 1.6690

Target level at 1.6079

8. USDCHF: 42 Pips Profit (video)

I closed my trade at 1.0869, 42 pips profit.

Original trade:
Buy USDCHF at 1.0827
Stop level at 1.0679
Target level at 1.0971

9. AUDSD: 52 Pips Profit (video)

Weekend is approaching. I had closed this trade at 0.8097, 52 pips profit.

Original trade:
Sell AUDUSD at 0.8149
Stop level at 0.8140
Target level at 0.8031

10. AUDUSD: 28 Pips Profit

AUDUSD is getting weak. I closed my position at 0.8125, 28 pips profit.

Original trade:
Buy AUDUSD at 0.8097
Stop level at 0.7946
Target level at 0.8254

11. EURUSD: 150 Pips Profit

Target level reached at 1.4096, profit is 150 pips.

Original trade:
Bought EURUSD at 1.3946
Stop level at 1.3790
Target level at 1.4096

12. USDJPY: 96 Pips Profit (video)

Target level reached at 97.35, 96 pips profit.

Original trade:
Sell USDJPY at 98.31
Stop level at 99.00
Target level at 97.35

13. AUDUSD: 115 Pips Profit

Target level reached at 0.8036, profit is 115 pips.

Original trade:
Bought AUDUSD at 0.7921
Stop level at 0.7800
Target level at 0.8036

14. GBPUSD: 97 Pips Profit (video)

I close my GBPUSD position at 1.6238, 97 pips profit.

Original trade:
Bought GBPUSD at 1.6141
Stop level at 1.6047
Target level at 1.6268

15. USDCAD: 51 Pips Profit (video)

I closed my position at 1.1102, 51 pips profit.

Original trade:
Sell USDCAD at 1.1153
Stop at 1.1300
Target level at 1.1010

16. AUDUSD: 40 Pips Loss

Stop triggered.

Original trade:
Bought AUDUSD at 0.8060
Stop level at 0.8020
Target level at 0.8140

17. USDCAD: 10 Pips Profit

I closed my position at 1.1092, 10 pips profit.

Original trade:
Bought USDCAD at 1.1082
Stop level at 1.1026
Target level at 1.1178

18. EURUSD: 45 Pips Loss

Position is stopped out. Loss is 45 pips.

Original trade:
Shorted EURUSD at 1.4090
Stop level at 1.4135
Target level at 1.4010

19. EURUSD: 33 Pips Profit

I closed my position at 1.4177, 33 pips profit.

Original trade:
Shorted EURUSD at 1.4210
Stop level at 1.4259
Target level at 1.4134

20. EURUSD: 20 Pips Loss

I closed my position at 1.4160, 20 pips loss.

Original trade:
Sell EURUSD order at 1.4140
Stop level at 1.4095
Target level at 1.4060

21. EURUSD: 41 Pips Profit

I closed my position at 1.4184, 41 pips profit.

Original trade:
Sell EURUSD at 1.4225
Stop level at 1.4272
Target level at 1.4138

22. AUDUSD: 48 Pips Profit

I closed my trade at 0.8122, 48 pips profit.

Original trade:
Shorted AUDUSD at 0.8170
Stop level at 0.8216
Target level at 0.8116

23. EURUSD: 23 Pips Profit

I closed my position at 1.4273, 23 pips profit.

Original trade:
Bought EURSD at 1.4250
Stop level at 1.4200
Target level at 1.4330

24. AUDUSD: 70 Pips Loss

Stop triggered, loss is 70 pips.

Original trade:
Shorted AUDUSD at 0.8050
Stop level at 0.8120
Target level at 0.7950

25. AUDUSD: 42 Pips Profit

I closed my position at 0.8118, 42 pips profit.

Original trade:
Bought AUDUSD at 0.8076
Stop level at 0.8013
Target level at 0.8183

26. EURGBP: 71 Pips Loss

Support at 0.8700 breaks, I cut loss on this position at 0.8687.

Original trade:
Bought EURGBP at 0.8758
Stop level at 0.8640
Target level at 0.8900

All of my trades are executed based on fully tested trading system based on real life experience.

If you are interested to learn about this trading system, send an email to me at metal.commodity@tradingeducationprogram.org to sign up for my Trading Education Program.

How do I earn US$1020 from AUDUSD

If you are interested to learn forex from our Trading Education Program, do send us an email to metal.commodity@tradingeducationprogram.org.

Upon subscription, you will receive the followings:
1. Weekly updates on the proven indicators
2. One-to-one coaching on trading
3. Live emails reminders when trading opportunities occur
4. Ebook on our BL TS system
5. Live update on market activities
6. Unlimited email and skype support for 2 months

To read about Why Choose Us, click here to read.

Learn Forex: How do I earn US$1090 from Forex Trading (GBPUSD)

540 pips profit was generated for the period of 1st June to 12th of June 2009

18 trades were executed: 13 trades won and 5 trades lost. This results in a Success rate of 72%!

If you are trading 1 full contract (100,000) per trade, your profit for 540 pips will be around US$5400.

Here are the details of my trades:

1. AUDSD: 52 Pips Profit

Weekend is approaching. I had closed this trade at 0.8097, 52 pips profit.

Original trade:
Sell AUDUSD at 0.8149
Stop level at 0.8140
Target level at 0.8031

2. AUDUSD: 28 Pips Profit

AUDUSD is getting weak. I closed my position at 0.8125, 28 pips profit.

Original trade:
Buy AUDUSD at 0.8097
Stop level at 0.7946
Target level at 0.8254

3. EURUSD: 150 Pips Profit

Target level reached at 1.4096, profit is 150 pips.

Original trade:
Bought EURUSD at 1.3946
Stop level at 1.3790
Target level at 1.4096

4. USDJPY: 96 Pips Profit

Target level reached at 97.35, 96 pips profit.

Original trade:
Sell USDJPY at 98.31
Stop level at 99.00
Target level at 97.35

5. AUDUSD: 115 Pips Profit

Target level reached at 0.8036, profit is 115 pips.

Original trade:
Bought AUDUSD at 0.7921
Stop level at 0.7800
Target level at 0.8036

6. GBPUSD: 97 Pips Profit

I close my GBPUSD position at 1.6238, 97 pips profit.

Original trade:
Bought GBPUSD at 1.6141
Stop level at 1.6047
Target level at 1.6268

7. USDCAD: 51 Pips Profit

I closed my position at 1.1102, 51 pips profit.

Original trade:
Sell USDCAD at 1.1153
Stop at 1.1300
Target level at 1.1010

8. AUDUSD: 40 Pips Loss

Stop triggered.

Original trade:
Bought AUDUSD at 0.8060
Stop level at 0.8020
Target level at 0.8140

9. USDCAD: 10 Pips Profit

I closed my position at 1.1092, 10 pips profit.

Original trade:
Bought USDCAD at 1.1082
Stop level at 1.1026
Target level at 1.1178

10. EURUSD: 45 Pips Loss

Position is stopped out. Loss is 45 pips.

Original trade:
Shorted EURUSD at 1.4090
Stop level at 1.4135
Target level at 1.4010

11. EURUSD: 33 Pips Profit

I closed my position at 1.4177, 33 pips profit.

Original trade:
Shorted EURUSD at 1.4210
Stop level at 1.4259
Target level at 1.4134

12. EURUSD: 20 Pips Loss

I closed my position at 1.4160, 20 pips loss.

Original trade:
Sell EURUSD order at 1.4140
Stop level at 1.4095
Target level at 1.4060

13. EURUSD: 41 Pips Profit

I closed my position at 1.4184, 41 pips profit.

Original trade:
Sell EURUSD at 1.4225
Stop level at 1.4272
Target level at 1.4138

14. AUDUSD: 48 Pips Profit

I closed my trade at 0.8122, 48 pips profit.

Original trade:
Shorted AUDUSD at 0.8170
Stop level at 0.8216
Target level at 0.8116

15. EURUSD: 23 Pips Profit

I closed my position at 1.4273, 23 pips profit.

Original trade:
Bought EURSD at 1.4250
Stop level at 1.4200
Target level at 1.4330

16. AUDUSD: 70 Pips Loss

Stop triggered, loss is 70 pips.

Original trade:
Shorted AUDUSD at 0.8050
Stop level at 0.8120
Target level at 0.7950

17. AUDUSD: 42 Pips Profit

I closed my position at 0.8118, 42 pips profit.

Original trade:
Bought AUDUSD at 0.8076
Stop level at 0.8013
Target level at 0.8183

18. EURGBP: 71 Pips Loss

Support at 0.8700 breaks, I cut loss on this position at 0.8687.

Original trade:
Bought EURGBP at 0.8758
Stop level at 0.8640
Target level at 0.8900

All of my trades are executed based on fully tested trading system based on real life experience.

If you are interested to learn about this trading system, send an email to me at metal.commodity@tradingeducationprogram.org to sign up for my Trading Education Program.

Learn Forex: How do I Earn US$520 from Forex Trading (AUDUSD)

Learn Forex Video

Learn Forex: Online Trading Education Program

We provide online trading education program at Tactical Trading Academy. The cost of the program is less than US$200. These are the things that we provide in our program:

1. 46 page ebook on forex trading

2. Daily market news update:
This includes information on the trades of the big players in the forex market (central banks, hedge funds, Soverign fund, Semi-official).

I had been working in the financial industry for couple of years and had built contacts with bank traders in Asia, London and New York. Many times they will share their clients' orders with me and I will share it with my students via emails.

This week I had heard of a famous hedge fund selling EURUSD. Immediately I had sent out emails to ask my students to close their buy EURUSD trades and initiate sell EURUSD and AUDUSD trades. All turn out to be profitable.

This value added service is something which other educators will not be able to provide. And I believe money cannot buy this service.

3. Daily resistance and support levels

My students have told me that they have problem identifying resistance and support levels. So I am providing them those levels on a daily basis.

4. Trading ideas for 2 months

Trade ideas are generated from BL TS System.

5. Currency reports from various global investment banks:
Global investment banks have great influence in the trading industry. When they recommend buy on EURUSD, many of their big clients may take up this recommendation and push the price up.

Some of the banks' clients include: high net worth individuals, hedge funds, other investment banks. To acccess to their currency reports is not easy for retail traders.

Again with my contact, I am able to get those reports and share it with my students.

6. Unlimited support in email and skype for 2 months

A new trader usually has a lot of questions. I will try to answer all their questions.

7. One-to-one coaching session via skype

I will teach about trading strategy, money management and risk management.

To read about Why Choose Us, click here to read.

If you are interested to sign up for our online trading education program, please send email to metal.commodity@tradingeducationprogram.org.

Learn Forex: Earn US$971 profit from USDJPY

Learn Forex: Simple Steps in earning US$1000 from EURUSD

If you are interested to learn forex from our Trading Education Program, do send us an email to metal.commodity@tradingeducationprogram.org.

Upon subscription, you will receive the followings:
1. Weekly updates on the proven indicators
2. One-to-one coaching on trading
3. Live emails reminders when trading opportunities occur
4. Ebook on our BL TS system
5. Live update on market activities

Learn Forex: How do I earn US$877 from Forex Trading

If you are interested to learn forex from our Trading Education Program, do send us an email to metal.commodity@tradingeducationprogram.org.

Upon subscription, you will receive the followings:
1. Weekly updates on the proven indicators
2. One-to-one coaching on trading
3. Live emails reminders when trading opportunities occur
4. Ebook on our BL TS system
5. Live update on market activities

How do I profit US$480 from EURUSD trade

Case study for Euro Yen (EURJPY)

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. EURJPY is one of our favourite currency. Why? Reason is simple, because EURJPY has made a lot of money for us.

Here are some of our previous trades from EURJPY:
68 pips profit, 149 pips profit, 133 pips profit, 72 pips profit, 14 pips profit, 95 pips profit, 61 pips profit, 39 pips profit, 18 pips profit, 41 pips profit, 60 pips profit, 66 pips profit, 97 pips profit, 40 pips profit, 37 pips profit, 69 pips profit, 67 pips profit, 94 pips profit etc.

One common question that is often asked by our students (subscribers) in Tactical Trading Academy:
"there are so many currency pairs in the market, how do you choose which currency pairs to trade?"

We have 2 answers for them:
a) Avoid currency pairs that have wide bid / offer spreads. Some of the exotic currency pairs have very wide spreads: 100 pips (USDZAR), 10 pips (GBPAUD), 13 pips (AUDNZD), 7 pips (AUDCHF), 30 pips (USDDKK).

30 pips for USDDKK means that the price quote is 5.3427 / 5.3457. This means that your buying price is 5.3457 and your selling price is 5.3427.

In layman term this means that you will lose 30 pips immediately whenever you enter a new position to buy or sell. 30 pips means US$30 if you are trading 1 mini lot.

Major currency pairs like AUDUSD, EURUSD, EURJPY, USDJPY, USDCHF, USDCAD are only trading at around 3 - 4 pips spreads. That is very reasonable and acceptable. These are the currency pairs that I will be interested to trade.

This is why forex brokers always recommend their customers to trade exotic currency pairs. Because the higher the spreads, the higher are their commissions.

2. Trade only currency pairs that exhibit repeated patterns.
To many people forex trading is gambling or speculation. But to us forex trading is a science discovery or a philosophy approach. Why?

a) It is a science because quantitative models have to be built and programs have to be written. All these take a lot of time. We need to improve our model again and again because market condition changes all the time.

b) It is a philosophy approach. Both forex and human have repeated past patterns and behaviour. For example if a person smokes everytime after lunch for the past 6 months, there is a high possibility that he will smoke again after lunch for the next 1 week.

From the prospective of a currency pair, if this currency shows a consistent pattern and behaviour for the last 6 month, we can assume that it will exhibit the same patterns for the next 1 week or 1 month. This is NOT a guarantee, but it is a high possibility!

Ok, going back to EURJPY.

The graph below will show you the equity value if you have used the various indicators to trade for the past 6 months.




The result shows that graph 1 and graph 3 perform best using their respective indicators. So what are the indicators use in graph 1 and graph 3? We can only reveal this information to our subscribers.

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

Upon subscription, you will receive the followings:
1. Weekly updates on the proven indicators
2. One-to-one coaching on trading
3. Live emails reminders when trading opportunities occur
4. Ebook on our BL TS system
5. Live update on market activities

Breakthrough Discovery In Trading

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?

I had heard of extreme comments from other traders, ie "indicators do not work", "don't waste your time using indicators", etc. Possibly those traders have been losing a lot of money using indicators in their trading.

In the past 1-2 years I have heard of trading courses started to teach trading without using any indicators. So this means even the trading educators who have been trading for years do not believe in indicators.

Since indicators have been an important tool in trading, in Tactical Trading Academy, we have done extensive research into this area. Our conclusion is that different products (currency pairs) have different behaviours. So you must use specific indicators for specific products.

In our website under "Our Trading Secret", we mentioned that we have evidences to show that using a fixed indicator will not be profitable strategy in the medium term.

Let us use USDJPY as an example. The graph below will show you what is your equity value if you have been using those indicators to trade USDJPY for the past 6 months.






The graphs show that if you have been using MACD and Parabolic to trade, you will do well. We perform our quantitative test and send out the results to our subscribers on a weekly basis. So our subscribers will know specifically which indicators to use for which currency pairs.

So what are the signals from MACD and Parabolic for USDJPY telling us now? Both have signal sell. As a matter of fact, yesterday we had already sent out emails informing our subscribers that USDJPY presents a selling opportunity when it was trading at 96.06. At the time of writing USDJPY is trading at 95.60, this trade is sitting on 46 pips profit.

We have posted this trade in our website yesterday, see here. If you click on the link you will see that both Parabolic and MACD have signal SELL on the USDJPY chart.

We believe this research discovery is a breakthrough in the trading industry and few traders are awared of this.

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

Upon subscription, you will receive the followings:
1. Weekly updates on the proven indicators
2. One-to-one coaching on trading
3. Live emails reminders when trading opportunities occur
4. Ebook on our BL TS system

Strategy Taught In Forex Trading Course

Recently one of my reader sent an email to me. In the email he said that he used to attend a forex trading course that costs him more than $3000. In the seminar the speaker taught the students how to trade GBPJPY using MACD and Williams.

I am always skeptical whenever people tells me that using fixed indicators in their forex trading strategy will turn out to be profitable. I can simply perform a quantitative test to prove that using fixed indicators on currency pairs will not work over a period of time. This is because different currencies have different behaviour and this behaviour changes over time as market condition changes. So we cannot use the same indicators for a specific currency pairs for all seasons.

In my view trading strategy can be narrow down into 2 broad categories:
1) Trending following and 2) Reverting to the mean.

1) Trend following strategy means if the trend is up, you follow the direction and buy. If the trend is down, you follow the direction and sell. This is why most people say the trend is your friend. In this case, indicators used for this strategy will be MACD, Parabolic, Bollingerband etc.

Currency pairs that currently belong to this group are EURJPY, EURUSD, USDJPY, GBPUSD.

2) Reverting to the mean strategy means if the price goes up too high, it may be time to sell. Vice versa if the price goes down to much, it is time to buy. In this case indicators used will be Williams, Stochastic, Commodity Channel, RSI etc. If you have been trading long enough, you will know that the trend is NOT always your friend. The trend can be a trap many a times.

Currencies that used to belong to this group are AUDUSD, NZDUSD, USDCAD. But behaviour of these currencies have changed lately due to market's wild move.

So those traders who had previously been successful in trading AUDUSD using stochastic will face serious damage in his trading lately.

To solve this problem I have developed a system that is flexible and adjust itself to market conditions. Quantitative tests are performed on a weekly rolling basis so as to capture up-to-date behaviours and patterns of the various currency pairs. Then using the information from the quantitative test to generate buy and sell signals.

I think this is a more realistic and practical way of trading. Most importantly, it works. If you would to view samples of past trades generated from this system, send an email to me at metal.commodity@tradingeducationprogram.org or metal.commodity@gmail.com.

To find out more about our forex trading course, see here. Our course fee is a small fraction compared to those available in the market.