Owner: BGX Forex Trading Strategy URL:http://www.bgxtrading.blogspot.com Join Date: Mon, 22 Oct 2007 09:51:50 -0500 Rating:0 Site Description: Case study of forex trading strategy known as BGX system. Download this free forex strategy ebook to learn and make your profit in forex trading
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Trade Nov 12, 2007 2007-11-13 06:08:00 Journal Of BGX Forex Trading SystemTrading GBPUSD October 12, 2007Daily open2.0856Cross / bonces wma2.0808Time : 09:00 GMTForex signalSellDamiani volatmeterTrend formedRelative strengh indexBelow centerEntry point2.0778Time : 11:35 GMTStop loss2.08081st lot target +15 pips2.o763Time : 11:40 GMT2nd lot target +30 pips2.o748Time : 11:45 GMT3rd lot target +50 pips2.o728Time : 11:50 GMT4th lot target Folow price2.o615Time : 16:40 GMTForex trade resultGainPips Result258 pips Note:This was a best trade from BGX forex strategy. Result 258 pips in a day... Read more:Trade
Trade GU Feb 07, 2008 2008-02-08 06:14:00 BGX FOREX TRADING STRATEGYTrading GBPUSD February 07, 2008Daily Open1.9602Cross wma1.9597Time : 07:30 GMTForex signalSellDamiani volatmeterTrend formedRelative strengh indexBelow centerEntry point1.9567Time : 19:18 GMTStop loss1.95971st Lot target +15 pips1.9553Time : 09:30 GMT2nd lot target +30 pips1.9537Time : 19:37 GMT3rd lot target +50 pips1.9537Time : 10:24 GMT4th lot target Folow price1.9536Time : 12:00 GMTForex trade resultGainPips Result124 pipsNote:It looked like "three in bed" signal before price down. Cross was happened but damiani rather late to show indicated a trend signal. I placed sell order at 09:00 GMT and it were hit at 09:18 GMT. After hit 3rd target (+50 pips) sl move to +10 pips. And it looked like price found strong support at S3 line. I moved SL 2 pips above Read more:Trade
Trade GU Feb 05, 2008 2008-02-06 06:10:00 BGX FOREX TRADING STRATEGYTrading GBPUSD February 05, 2008Daily Open1.9747Cross/bonces wma1.9725Time : 08:00 GMTForex signalSellDamiani volatmeterTrend formedRelative strengh indexBelow centerEntry point1.9695Time : 08:35 GMTStop loss1.97251st Lot target +15 pips1.9680Time : 09:00 GMT2nd lot target +30 pips1.9665Time : 09:20 GMT3rd lot target +50 pips1.9695Time : 09:30 GMT4th lot target Folow price1.9695Time : 09:30 GMTForex trade resultGainPips Result45 pipsNote:I saw 2 candlesticks were bouncing off daily open at 1.9747. Good signal to selll but we have to wait until cross signal formed. When the cross formed sell order placed at 1.9695. This trade take profit 45 pips. Read more:Trade
Trade GU Feb 01, 2008 2008-02-03 05:39:00 BGX FOREX TRADING STRATEGYTrading GBPUSD February 01, 2008Daily Open1.9900Cross wma1.9905Time : 12:00 GMTForex signalSellDamiani volatmeterTrend formedRelative strengh indexBelow centerEntry point1.9875Time : 12:34 GMTStop loss1.99051st Lot target +15 pips1.9860Time : 12:36 GMT2nd lot target +30 pips1.9845Time : 12:39 GMT3rd lot target +50 pips1.9825Time : 13:43 GMT4th lot target +100 pips1.9775Time : 14:17 GMTForex trade resultGainPips Result195 pipsNote:I saw wma 5 bounced off wma 20 at 1.9907 and placed buy stop order at 1.9937 (close R1), I canceled the orders when price didn't hit orders in the last 5 minutes of the 30M chart. And waiting until a new 3oM candlestick to determine another buy order of the previous highest candlestick. Price hit and break about 4 points of R1 but Read more:Trade
Trade GU Jan 30, 2008 2008-01-31 06:04:00 BGX FOREX TRADING STRATEGYTrading GBPUSD January 30, 2008Daily Open1.9891Cross wma1.9900Time : 08:30 GMTForex signalBuyDamiani volatmeterTrend formedRelative strengh indexAbove centerEntry point1.9930Time : 10:50 GMTStop loss1.99001st Lot target +15 pips1.9945Time : 12:35 GMT2nd lot target +30 pips1.9915Time : 13:15 GMT3rd lot target +50 pips1.9915Time : 13:15 GMT4th lot target Folow price1.9915Time : 13:15 GMTForex trade resultLossPips Result-45 pipsNote:GBPUSD wma cross buy signal. Only 1st target was hit and price reverse after it touched R2 at 1.9948 point. I saw that market so slowly and after hit 1st target I moved stop loss -15 pips from entry point to reduce the risk. Remains lot hit SL at 1.9915. Result -45 pips Read more:Trade
Trade GU Jan 28, 2008 2008-01-29 07:30:00 BGX FOREX TRADING STRATEGYTrading GBPUSD January 28, 2008Daily Open1.9865Cross/bonces wma1.9773Time : 07:30 GMTForex signalBuyDamiani volatmeterTrend formedRelative strengh indexAbove centerEntry point1.9803Time : 10:00 GMTStop loss1.97731st Lot target +15 pips1.9818Time : 10:50GMT2nd lot target +30 pips1.9833Time : 12:05 GMT3rd lot target +50 pips1.9853Time : 13:10 GMT4th lot target Folow price 1.9843Time : 19:00 GMTForex trade resultGainPips Result135 pipsNote:After down in Assian session, price couldn't break support at 1.9726. Price reversed and wma lines made buy signal cross at 1.9773. After saw that some candle closed above wma 100 line, buy stop order was placed at 1.9803. After hit the 1st target I saw that market went slowly and stop loss at 1.9788 (-15 pips) from 1.9773 to reduc Read more:Trade
Trade GU Jan 24, 2008 2008-01-25 06:20:00 BGX FOREX TRADING STRATEGYTrading GBPUSD January 24, 2008Daily Open1.9566Cross/bonces wma1.9539Time : 08:00 GMTForex signalBuyDamiani volatmeterTrend formedRelative strengh indexAbove centerEntry point1.9596Time : 11:20 GMTStop loss1.95661st Lot target +15 pips1.9611Time : 11:35 GMT2nd lot target +30 pips1.9626Time : 11:350 GMT3rd lot target +50 pips1.9596Time : 13:30 GMT4th lot target Folow price1.9596Time : 13:30 GMTForex trade resultGainPips Result45 pipsNote:Cross wma has shown at 08:00 GMT, but damiani didn't show the trend clearly yet. So I'm waiting for it to enter the trade. I saw price bounces off wma 100 line. I place buy stop order at 2 pips above highest prvious candle. 1st and 2nd traget was hit and I moved SL to B/E. Unfortunetly remains lot hit this SL. Result 45 pips Read more:Trade
Trade GU Jan 23, 2008 2008-01-24 05:53:00 BGX FOREX TRADING STRATEGYTrading GBPUSD January 23, 2008Daily Open1.9603Cross/bonces wma1.9577Time : 10:25 GMTForex signalSellDamiani volatmeterTrend formedRelative strengh indexBelow centerEntry point1.9502Time : 13:05 GMTStop loss1.95771st Lot target +15 pips1.9487Time : 13:20 GMT2nd lot target +30 pips1.9472Time : 13:50 GMT3rd lot target +50 pips1.9502Time : 14:05 GMT4th lot target Folow price1.9502Time : 14:05 GMTForex trade resultGainPips Result45 pipsNote:Entry point was between cross and wma 100, So I wait until candlestick closed below wma 100. It looks like 123 signal where the three candle up and down off wma 100. It was agood signal for early entry, but I decided to wait until the price break the lowest previous candle. I placed sell stop order 2 pips (1.9502) below the Read more:Trade
Trade GU Jan 22, 2008 2008-01-23 05:51:00 BGX FOREX TRADING STRATEGYTrading GBPUSD January 22, 2008Trade
1Daily Open1.9401Cross wma1.9403Time : 08:15 GMTForex signalBuyDamiani volatmeterTrend formedRelative strengh indexAbove centerEntry point1.9527Time : 11:00 GMTStop loss1.94971st Lot target +15 pips1.9542Time : 11:35 GMT2nd lot target +30 pips1.9512Time : 12:20 GMT3rd lot target +50 pips1.9512Time : 12:20 GMT4th lot target Folow price1.9512Time : 12:20 GMTForex trade resultLossPips Result-45 pipsNote:Entry point was between cross wma and wma 100 line, waiting until candle stick closed above wma 100 line. Buy stop order was placed 2 pips above previous highest candlestick. 1st traget was reached and it seem market to slow, I moved SL -15 pips for remains lot and price was hit it. Result -45 pipsTrade 2Daily Open1.9401Bonc
Trade GU Jan 17, 2008 2008-01-18 06:01:00 BGX FOREX TRADING STRATEGYTrading GBPUSD January 17, 2008Trade
1Daily Open1.9623Bonces wma1.9633Time : 08:30 GMTForex signalBuyDamiani volatmeterTrend formedRelative strengh indexAbove centerEntry point1.9663Time : 08:45 GMTStop loss1.96331st Lot target +15 pips1.9678Time : 08:50 GMT2nd lot target +30 pips1.9693Time : 08:55 GMT3rd lot target +50 pips1.9713Time : 09:25 GMT4th lot target Folow price1.9673Time : 09:50 GMTForex trade resultGainPips Result105 pipsNote:"Three in bed" was being happened in Asian session. It's good sign to trade because price can moved hundreds pips up or down. I saw the first good move at 08:30 GMT "Buy signal". Trying to catch that fast moved with buy stop order at 1.9663. Result 105 pipsTrade 2Daily Open1.9623Cross wma1.9653Time : 12:30 GMTForex signalB
Trade GU Jan 16, 2008 2008-01-17 05:32:00 BGX FOREX TRADING STRATEGYTrading GBPUSD January 16, 2008Trade
1Daily Open1.9578Bonces wma1.9603Time : 09:30 GMTForex signalSellDamiani volatmeterTrend formedRelative strengh indexBelow centerEntry point1.9573Time : 10:20 GMTStop loss1.96031st Lot target +15 pips1.9558Time : 10:40 GMT2nd lot target +30 pips1.9543Time : 10:45 GMT3rd lot target +50 pips1.9573Time : 10:55 GMT4th lot target Folow price1.9573Time : 10:55 GMTForex trade resultGainPips Result45 pipsNote:Wma 5 bounces off wma 20 sell signal. Entry 30 pips below wma bounces, 1st and 2nd target was hit. SL move to entry point for safety to entry point. 3rd and 4th lot didn't success to make profit because price moved up and hit SL at entry point. Result 45 pipsTrade 2Daily Open1.9578Cross wma1.9586Time : 12:30 GMTForex sign
Trade GU, Jan 15, 2008 2008-01-16 05:54:00 BGX FOREX TRADING STRATEGYTrading GBPUSD January 15, 2008Trade
1Daily Open1.9538Bonces wma1.9570Time : 08:00 GMTForex signalBuyDamiani volatmeterTrend formedRelative strengh indexAbove centerEntry point1.9600Time : 09:10 GMTStop loss1.95701st Lot target +15 pips1.9615Time : 09:25 GMT2nd lot target +30 pips1.9630Time : 09:30 GMT3rd lot target +50 pips1.9600Time : 09:40 GMT4th lot target Folow price1.9600Time : 09:40 GMTForex trade resultGainPips Result45 pipsNote:Wma 5 bounces off wma 20. It seem it was an easy trade because the entry point was being above wma 100 line. Price moved fastly hit 1st target, it make decision to move stop loss after 2nd target hit. Price hit 2nd target and sl move to b/e at entry point. After that price down and and hit sl of remains lot. Result 45 pipsTr
Trade GU - Jan 11, 2008 2008-01-12 06:15:00 BGX FOREX TRADING STRATEGYTrading GBPUSD January 11, 2008Daily Open1.9712Cross/bonces wma1.9554Time : 11:30 GMTForex signalBuyDamiani volatmeterTrend formedRelative strengh indexAbove centerEntry point1.9584Time : 12:55 GMTStop loss1.956420 pips below entry1st Lot target +15 pips1.9599Time : 13:00 GMT2nd lot target +30 pips1.9584Time : 13:10 GMT3rd lot target +50 pips1.9584Time : 13:10 GMT4th lot target Folow price1.9584Time : 13:10 GMTForex trade resultGainPips Result15 pipsNote:Price has moved down before I entry the market. GBPUSD has down about 130 pips when I open my trading platform. After down I see that GU is going to rebound, and another cross wma was formed at 1.9554, price moved heading up to wma 100 and daily open. Entry point 1.9585 was being above wma 100 but there w Read more:Trade
Trade Jan 10, 2008 2008-01-11 07:27:00 BGX FOREX TRADING STRATEGYTrading GBPUSD January 10, 2008Daily Open1.9571Cross wma1.9590Time : 12:30 GMTForex signalSellDamiani volatmeterTrend formedRelative strengh indexBelow centerEntry point1.9560Time : 13:30 GMTStop loss1.95752 pips above daily open1st Lot target +15 pips1.9575Time : 14:00 GMT2nd lot target +30 pips1.9575Time : 14:00 GMT3rd lot target +50 pips1.9575Time : 14:00 GMT4th lot target Folow price1.9575Time : 14:00 GMTForex trade resultLossPips Result-60 pipsNote:Price up and down fastly, it was a risk trade but my curiosity push me to place sell order when cross wma was formed at 12:30 GMT. Sell stop order was placed at 30 pips below cross wma, and I placed stop loss 4 pips above daily open (1.9575). Result -60 pips. It will be more safe if Sell stop order placed Read more:Trade
Trade Jan 09, 2008 2008-01-10 08:17:00 BGX FOREX TRADING STRATEGYTrading GBPUSD January 09, 2008Daily Open1.9716Cross wma1.9740Time : 06:30 GMTForex signalSellDamiani volatmeterTrend formedRelative strengh indexBelow centerEntry point1.9710Time : 08:00 GMTStop loss1.97401st Lot target +15 pips1.9695Time : 08:00 GMT2nd lot target +30 pips1.9680Time : 08:00 GMT3rd lot target +50 pips1.9660Time : 08:30 GMT4th lot target Folow price1.9584Time : 21:30 GMTForex trade resultGainPips Result221 pipsNote:Good a chance to sell GBPUSD, seeing that 4H chart was down trend. Result 221 pips Read more:Trade
Trade Dec 07, 2008 2008-01-08 06:02:00 BGX FOREX TRADING STRATEGYTrading GBPUSD January 07, 2008Daily Open1.9716Cross/bonces wma1.9700Time : 08:30 GMTForex signalBuyDamiani volatmeterTrend formedRelative strengh indexAbove centerEntry point1.9739Time : 12:00 GMTStop loss1.97232 pips below wma 1001st Lot target +15 pips1.9723Time : 12:30 GMT2nd lot target +30 pips1.9723Time : 12:30 GMT3rd lot target +50 pips1.9723Time : 12:30 GMT4th lot target Folow price1.9723Time : 12:30 GMTForex trade resultLossPips Result-64 pipsNote:Good forex strategy but bad result for today. Trade
GBPUSD againts wma 100 line. Wma cross at 1.9700. Waiting and seeing if there were a candlestick close above wma 100 line. at 11:30 GMT a candlestick close at 1.9732 and the higher price was 1.9739. Buy stop order 4 lots was placed at 2 pips of the
Trade Dec 04, 2008 2008-01-05 08:35:00 Journal Of BGX Forex Trading SystemTrading GBPUSD January 04, 2008Daily open1.9737Cross / bonces wma1.9748Time : 12:30 GMTForex signalBuyDamiani volatmeterTrend formedRelative strengh indexAbove centerEntry point1.9778Time : 13:15 GMTStop loss1.97481st lot target +15 pips1.9793Time : 13:25 GMT2nd lot target +30 pips1.9808Time : 13:30 GMT3rd lot target +50 pips1.9828Time : 13:30 GMT4th lot target Folow price1.9788Time : 13:45 GMTForex trade resultGainPips Result105 pips Note:After GBPUSD price moved up, I was waiting for a bouncing off. There was a strong support line at 50% fibonaccy retracement line, you could see there were wma 100 line and daily open point. After saw a doji candlestick at 30 M chart, Buy stop order 4 lots were placed at filter point at 1.9778. Three lots hit t Read more:Trade
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