Tag Archives | trading system

Fourth Trade of The Week

Fourth trade of the week (Feb 2nd, 2014 – Feb 7th, 2014)

Cycle 5 setup on demo account.

GBPAUD demo trade

Price entry: 1.85832 (Feb 3rd, 2014 16.29pm dealing desk time)

S/L: 1.85462

Target: 1 Range at 1.86202

Placed order on real account

GBPAUD real trade

Price entry: 1.85785 (Feb 3rd, 2014 16.30pm dealing desk time)

S/L: 1.85462

Target: 1ATR at 1.85983 and 1 range 1.86155

Result:

 GBPAUD 1Range trade

Closed part at 1 ATR (Feb 3rd, 2014, 17.04pm) & 1 range (Feb 3rd, 2014 18.51pm dealing desk time): 11 pips & 37 pips

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Seventh Trade of The Week

Seventh trade of the week (Jan 26th, 2014 – Jan 31st, 2014)

Cycle 5 setup on demo account.

USDCAD demo trade

 

Price entry: 1.11387 (Jan 29th, 2014 11.22am dealing desk time)

S/L: 1.11707

Target: 1 Range at 1.11067

 

 

Placed trade on real account

USDCAD real trade

 

Price entry: 1.11427 (Jan 29th, 2014 11.23am dealing desk time)

S/L: 1.11707

Target: 1ATR at 1.11304 and 1 range 1.11107

 

 

Result:

USDCAD 1Range Trade

 

Closed part at 1 ATR (Jan 29th, 2014, 13.45pm) & 1 range (Jan 29th, 2014 13.49am dealing desk time): 12 pips & 32 pips

 

 

 

 

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Fourth Trade of The Week

Fourth trade of the week (Jan 26th, 2014 – Jan 31st, 2014)

Cycle 5 setup on demo account.

EURUSD demo trade

 

Price entry: 1.36740 (Jan 27th, 2014 10.43am dealing desk time)

S/L: 1.37060

Target: 1 Range at 1.36420

 

 

Placed trade on real account

EURUSD Real trade

 

Price entry: 1.36773 (Jan 27th, 2014 10.44am dealing desk time)

S/L: 1.37060

Target: 1ATR at 1.36687 and 1 range 1.36453

 

 

Result:

EURUSD trade result

 

 

 

Closed part at 1 ATR (Jan 27th, 2014, 12.04pm) & 1 range (Jan 28th, 2014 10.04am dealing desk time): 9 pips & 32 pips

 

 

 

 

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Fifth Trade of The Week

Fifth trade of the week (Jan 12th, 2014 – Jan 17th, 2014)

Cycle 5 setup on demo account.

gbpjpy demo trade

 

Price entry: 170.595 (Jan 17th, 2014 09.25am dealing desk time)

S/L: 170.255

Target: 1 Range at 170.935

 

 

Placed order on real account

gbpjpy real trade

 

Price entry: 170.546 (Jan 17th, 2014 09.26am dealing desk time)

S/L: 170.206

Target: 1ATR at 170.709 and 1 range 170.886

 

 

Result:

gbpjpy trade result

Closed part at 1 ATR (Jan 17th, 2014, 09.30am) & 1 range (09.30am dealing desk time): 10 pips & 32 pips

 

 

 

 

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Fifth Trade of The Week

Fifth trade of the week (Jan 5th, 2014 – Jan 10th, 2014)

Cycle 5 setup on demo account.

Trade demo1

Price entry: 1.36057 (Jan 8th, 2014 00.16am dealing desk time)

S/L: 1.36377

Target: 1 Range at 1.35737

 

 

Placed order on real account

EURUSD trade real

Price entry: 1.36069 (Jan 8th, 2014 00.18am dealing desk time)

S/L: 1.36377

Target: 1ATR at 1.35985 and 1 range 1.35749

 

 

Result:

EURUSD trade result

Closed part at 1 ATR (Jan 8th, 2014, 09:35am) & 1 range (13:15pm dealing desk time): 8 pips & 32 pips

 

 

 

 

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Third Trade of The Week

Third Trade of The Week (Jan 5th, 2014 – Jan 10th, 2014)

Cycle 5 setup on demo account.

USDCHF Demo1 Price entry: 0.90650 (Jan 7th, 2014 06.21am dealing desk time)

S/L: 0.90330

Target: 1 Range at 0.90970

 

 

Placed trade on real account

USDCHF Real1

Price entry: 0.90632 (Jan 7th, 2014 06.22am dealing desk time)

S/L: 0.90330

Target: 1ATR at 0.90717and 1 range 0.90952

 

 

Result:

USDCHF 1 Range1

Closed part at 1 ATR (Jan 7th, 2014, 09:27am) & 1 range (15:08pm dealing desk time): 9 pips & 32 pips

 

 

 

 

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First Trading Setup Nov 24,2013 – Nov 29,2013

Second trade of the week (Nov 24th, 2013 – Nov 29th, 2013)

Cycle 5 setup on demo account.

AUDJPY demo2

 

 

Price entry: 93.311 (Nov 25th, 2013 22:52pm dealing desk time)

S/L: 92.971

Target: 1 Range at 93.65100

Placed trade on real account

AUDJPY real2

 

Price entry: 93.262 (Nov 25th, 2013 22:53pm dealing desk time)

S/L: 92.971

Target: 1ATR at 93.37407 and 1 range 93.602

 

 

Result:

Close part (cycle 1) at 1 ATR (Nov 26th, 2013, 01:09am): 11 pips

AUDJPY cycle2b

 

 

 

Cycle 2:

Price entry: 92.970 (Nov 26th, 2013 09:01am dealing desk time)

S/L: 93.311

Target: breakeven at 92.865 and 1 range 92.624

Close part at 1 range (Nov 26th, 2013, 11:14am): 34 pips

AUDJPY cycle 2 result2

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Second Trade Setup Nov 03 – Nov 08, 2013

Second trade of the week (Nov 3rd, 2013 – Nov 8th, 2013)

 

Cycle 5 setup on demo account.

Price entry: 157.073 (Nov 5th, 2013 01:58am)

S/L: 157.043

Target: 1 Range at 156.733

GBPJPY demo1

 

Placed trade on real account

Price entry: 157.064 (Nov 5th, 2013 02:06am)

S/L: 157.043

Target: 1ATR at 156.923 and 1 range 156.724

GBPJPY real

 

Result:

GBPJPY result1

Close part at 1 range (Nov 5th, 2013, 08.19am): 34 pips

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First Trade Setup Nov 03 – Nov 08 2013

First trade of the week (Nov 3rd, 2013 – Nov 8th, 2013)

Cycle 5 setup on demo account.

AUDUSD demo

 

 

Price entry: 0.94792 (Nov 4th, 2013 00:18am)

S/L: 0.94472

Break even: 0.95080

Target: 1 Range at 0.95112

 

Placed trade on real account

Price entry: 0.94724 (Nov 4, 2013 00:18am)

S/L: 0.94472

Target: 1ATR at 0.94802 and 1 range 0.95044

 

Result:

AUDUSD result

Close part at 1 range (Nov 4th, 2013, 11:34m): 34 pips

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Break out

According to http://www.thefreedictionary.com/break+out , break out means to begin or arise suddenly. Break out in the Forex market is defined as a price movement in one direction after sideways consolidation phase. Break out can be a break up (the market moves up) or break down (the market moves down). Below is a good example of a break down.breakout

The important key in break out strategy is the ability to identify a consolidation phase. In the market, a trader does not know when or how big the next expansion is going to be, however, by identifying a consolidation phase, a trader prepare for the next market expansion.
From the above picture, notice that the market has been in consolidation for certain times. The first step would be determining the resistance and support level, then, place pending order “Buy Stop” and “Sell Stop” to anticipate break out in both directions. After the market starts to break the resistance or support level, and executes one of the pending order, the opposite pending order can act as the protection in case the market reverses. If the market picks its direction, just delete the other pending order.
Usually after consolidation phase, there will be a momentum, as there is a lot of traders trying to catch this new move/trend. Then, profit taking would take place after two or three candles, one ATR, when the candle body starts to shrinks, or momentum slows down.
Break out strategy has high probability of winning. It may not give a huge profit in one shot, but since it has a high probability of winning, it can be implemented frequently to produce constant income.
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