Look how the EURUSD wedge broke down precisely, and also pullbacked to the support trend line.
The AUD\USD wedge also broke down, with a GAP. I hope you took this great trade!
Sunday, June 21, 2009
Trading Plan and Analysis
Some nice patterns I have noticed:
In the GBP\JPY, there's a nice wedge which also confirmed with an 61.8 retracement. I expect the GBP\JPY to go up, breaking the wedge and continue, passing the 100% of the trend. There's a possibility of a gap at the opening.
Also, a wedge in the EUR\USD, which is expected to break down. Do not enter at the pullback, this usually not a profitable entry.
The Wedge seems to be a big player these days. Another one at the AUD\USD. Note that this one also looks like channel, so in case of breakout I will trade short on the pullback to the support line. Expect a gap -> pullback very shortly after.
Good trading!
In the GBP\JPY, there's a nice wedge which also confirmed with an 61.8 retracement. I expect the GBP\JPY to go up, breaking the wedge and continue, passing the 100% of the trend. There's a possibility of a gap at the opening.
Also, a wedge in the EUR\USD, which is expected to break down. Do not enter at the pullback, this usually not a profitable entry.
The Wedge seems to be a big player these days. Another one at the AUD\USD. Note that this one also looks like channel, so in case of breakout I will trade short on the pullback to the support line. Expect a gap -> pullback very shortly after.
Good trading!
Tuesday, May 12, 2009
Sunday, May 10, 2009
Channel Scalping: +1.4% This Week
The channel system continues to profit in the markets, yielding yet another 1.5% return on equity this week.
Total Trades: 2
Total Gain (%): 1.5%
Win Percentage: 50%
Total gain of system (Since posting): +9% (Risking 1% in each trade)
Total win percentage: 80%! (Only 1 losing trade)
For more information about the system:
There are no potential trades yet, but as some show up I will update.
Good trading anyone!
Total Trades: 2
Total Gain (%): 1.5%
Win Percentage: 50%
Total gain of system (Since posting): +9% (Risking 1% in each trade)
Total win percentage: 80%! (Only 1 losing trade)
For more information about the system:
There are no potential trades yet, but as some show up I will update.
Good trading anyone!
Tuesday, May 5, 2009
BollBounce Expert Advisor is Here - 117.74% Gain
An automatic robot for MetaTrader that trades the BollBounce System is available.
Total net profit : 117.74% in 2 years!
Thanks to funyoo from TradingSystemForex.com
Download
EA - Click here (Just click 'Free' and than 'Download').
Backtesting Report - Will be posted soon...
Monday, May 4, 2009
Trades from Today: +3% Already!
Several of the setups posted were taken - An +1% gain in the USD\JPY trade, and +2% gain in the EUR\JPY trade.
If you don't want to miss the next trades, I suggest you subscribe to updates.
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