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 Oct 26, 2007 2007-10-27 06:54:00 Journal Of BGX Forex Trading SystemTrading GBPUSD October 26, 2007Daily open2.0513Cross / bonces wma2.0515Time : 04:00 GMTForex signalBuyDamiani volatmeterTrend formedRelative strengh indexAbove centerEntry point2.0545Time : 07:00 GMTStop loss2.05151st lot target +15 pips2.0560Time : 08:00 GMT2nd lot target +30 pips2.0545Time : 09:30 GMT3rd lot target +50 pips2.0545Time : 09:30 GMT4th lot target Folow price2.0545Time : 09:30 GMTForex trade resultGainPips Result15 pipsNote:Wma bounce signal has shown since at about 04:00 GMT and Damiani indicator didn't give any signal to trade. Price started to move up at 06:00 GMT. Waiting damiani show its signal to trade was end when the time point to 06:30 GMT, this indicator started to show that the trend was builded. Place Buy Stop Order to the original filter price +30 pip from wma bounce at 2.0545.Only take 15 pips profit because price reversed down and touched SL at Break even. Read more:Trade
Trade Oct 25, 2007 2007-10-26 09:06:00 Journal Of BGX Forex Trading SystemTrading GBPUSD October 25, 2007Daily open2.0490Cross / bonces wma2.0474Time : 07:30 GMTForex signalBuyDamiani volatmeterTrend formedRelative strengh indexAbove centerEntry point2.0504Time : 10:00 GMTStop loss2.0482Below wma 1001st lot target +15 pips2.0519Time : 10:05 GMT2nd lot target +30 pips2.0534Time : 10:25 GMT3rd lot target +50 pips2.0504Time : 13:30 GMT4th lot target Folow price2.0504Time : 13:30 GMTForex trade resultGainPips Result45 pipsNote:Price moved fast enough to touched 1st and 2nd target, SL position move to B/E. But unfortunetly price missed 2 pips to touched 3rd target. At the end price moved down and 3rd and 4th lot closed at B/E. Result 45 pips Read more:Trade
Trade Oct 22, 2007 2007-10-23 06:41:00 Journal Of BGX Forex Trading SystemGBPUSD October 22, 2007Daily open2.0502Cross / bonces wma2.0499Time : 08:30 GMTForex signalSellDamiani volatmeterTrend formedRelative strengh indexBelow centerEntry point2.0469Time : 09:30 GMTStop loss2.0489Above wma 1001st lot target +15 pips2.0454Time : 09:35 GMT2nd lot target +30 pips2.0439Time : 09:35 GMT3rd lot target +50 pips2.0419Time : 10:05 GMT4th lot target Folow price2.0314Time : 20:10 GMTForex trade resultGainPips Result250 pipsNote:Cross wma was shown. After saw two candle closed below wma 100, Sell stop order was placed at 2.0469 (filter price). And stop loss was placed some pips above wma 100. It was good trade because price hit 1st and 2nd target fastly, and stop loss moved to B/E after price hit 2nd target and move to +10 pips after it hit 3rd target. Total result was 250 pips for this GBPUSD trade :) Read more:Trade
Trade Oct 19, 2007 2007-10-22 08:17:00 Journal Of BGX Forex Trading SystemGBPUSD October 19, 2007Daily open2.0446Cross / bonces wma2.0455Time : 09:30 GMTForex signalBuyDamiani volatmeterTrend formedRelative strengh indexAbove centerEntry point2.0485Time : 10:30 GMTStop loss2.04551st lot target +15 pips2.0500Time : 12:30 GMT2nd lot target +30 pips2.0515Time : 12:30 GMT3rd lot target +50 pips2.0495Time : 01:00 GMT4th lot target Folow price2.0495Time : 01:00 GMTForex trade resultGainPips Result45 pipsNote:Another 45 pips profit result for this GBPUSD trade Read more:Trade
Trade Oct 18, 2007 2007-10-19 05:51:00 Journal Of BGX Forex Trading SystemGBPUSD October 18, 2007Daily open2.0386Cross / bonces wma2.0406Time : 08:00 GMTForex signalBuyDamiani volatmeterTrend formedRelative strengh indexAbove centerEntry point2.0436Time : 08:30 GMTStop loss2.04061st lot target +15 pips2.0451Time : 08:40 GMT2nd lot target +30 pips2.0466Time : 08:45 GMT3rd lot target +50 pips2.0436Time : 09:05 GMT4th lot target Folow price2.0436Time : 09:05 GMTForex trade resultGainPips Result45 pipsNote:Up trend was shown before wma 5 bounces off wma 20 at 2.0406. But it still safe to wait confirmation from Damiani indikator. Buy Stop order was placed at 2.0436 when damiani began to cross eachother and the price began bounce from 78.6% fibo retracement 30 minutes chart. Read more:Trade
Trade Oct 17, 2007 2007-10-18 05:57:00 Journal Of BGX Forex Trading SystemGBPUSD October 17, 2007Daily open2.0316Cross / bonces wma2.0314Time : 07:30 GMTForex signalBuyHeading wma 100Damiani volatmeterTrend formedRelative strengh indexAbove centerEntry point2.0371Time : 12:20 GMTStop loss2.0341Wma 1001st lot target +15 pips2.0386Time : 12:30 GMT2nd lot target +30 pips2.0371Time : 12:35 GMT3rd lot target +50 pips2.0371Time : 12:35 GMT4th lot target Folow price2.0371Time : 12:35 GMTForex trade resultGainPips Result15 pipsNote:Price was ranging, stop order placed 2 point above previous higher candlestick. Only 15 pips result from this trade, even there was another chance to place another buy stop order buy it was to risk. Read more:Trade
Trade Oct 16, 2007 2007-10-16 19:06:00 Journal Of BGX Forex Trading SystemGBPUSD October 16, 2007Daily open2.0413Cross / bonces wma2.0420Time : 05:30 GMTForex signalSellDamiani volatmeterTrend formedRelative strengh indexBelow centerEntry point2.0390Time : 07:20 GMTStop loss2.0413Daily 0pen1st lot target +15 pips2.0375Time : 07:20 GMT2nd lot target +30 pips2.0360Time : 07:30 GMT3rd lot target +50 pips2.0340Time : 07:45 GMT4th lot target Folow price2.0380Time : 08:25 GMTForex trade resultGainPips Result105 pipsNote:The sign of123 early entry signal was shown but not completed before 3 candles closed. So entry point/filter still placed-30 pips below cross wma. But it's giving a good signal to place sell stop order below wma 100 earlier. Read more:Trade
Trade Oct 15, 2007 2007-10-16 06:34:00 Journal Of BGX Forex Trading SystemGBPUSD October 15, 2007Daily open2.0342Cross / bonces wma2.0343Time : 06:00 GMTForex signalBuyDamiani volatmeterTrend formedafter bouncesRelative strengh indexAbove centerEntry point2.0373Time : 09:50 GMTStop loss2.0343Bounces wma1st lot target +15 pips2.0388Time : 10:05 GMT2nd lot target +30 pips2.0403Time : 10:10 GMT3rd lot target +50 pips2.0423Time : 10:55 GMT4th lot target Folow price2.0410Time : 13:15 GMTForex trade resultGainPips Result132 pipsNote:Wma bounces signal shown at 06:00 GMT and first touched entry at 2.0373 must be delayed because damiani volatmeter indicator hasn't given signal yet to trade.Price give another second chance to place entry at the same point. Price went up but it reversed down and then rebound from 50% fibo retracement. Down to 5 minutes chart, a bullish harami was shown. It was a good sign to place buy stop order at 2.0373. - Good strategy, good indicator, good result :) Read more:Trade
Trade Oct 11, 2007 2007-10-12 05:45:00 Journal Of BGX Forex Trading SystemGBPUSD October 11, 2007Trade
1Daily open2.0389Cross / bonces wma2.0395Time : 06:00 GMTForex signalSellDamiani volatmeterTrend formedRelative strengh indexBelow centerEntry point2.0365Time : 07:00 GMTStop loss2.0389Daily open1st lot target +15 pips2.0350Time : 07:05 GMT2nd lot target +30 pips2.0365Time : 07:15 GMT3rd lot target +50 pips2.0365Time : 07:15 GMT4th lot target Folow price2.0365Time : 07:15 GMTForex trade resultGainPips Result15 pipsNote:Damiani volatmeter indicator helped from loss, trade to early could make loss and touched stop loss at daily openTrade 2Daily open2.0389Cross / bonces wma2.0394Time : 10:30 GMTForex signalSellDamiani volatmeterTrend formedRelative strengh indexBelow centerEntry point2.0364Time : 12:00 GMTStop loss2.0389Daily open1st lot target +15 pips2.0349Time : 12:20 GMT2nd lot target +30 pips2.0334Time : 12:30GMT3rd lot target +50 pips2.0354Time : 14:05 GMT4th lot target Folow price2.0354Time : 14:05 GMT
Trade Oct 10, 2007 2007-10-11 06:46:00 Journal Of BGX Forex Trading SystemGBPUSD October 10, 2007Trade
1Daily open2.0386Cross / bonces wma2.0385Time : 06:30 GMTForex signalBuyDamiani volatmeterTrend formedRelative strengh indexAbove centerEntry point2.0415Time : 07:10 GMTStop loss2.0385wma cross1st lot target +15 pips2.0430Time : 07:45 GMT2nd lot target +30 pips2.0445Time : 08:15 GMT3rd lot target +50 pips2.0465Time : 09:45 GMT4th lot target Folow price2.0442Time : 10:30 GMTForex trade resultGainPips Result122 pipsNote:Another good result from this forex wma signal. Result 122 pips
Trade Oct 09, 2007 2007-10-10 09:18:00 Journal Of BGX Forex Trading SystemGBPUSD October 09, 2007Daily open2.0351Cross / bonces wma2.0337Time : 08:30 GMTForex signalSellDamiani volatmeterTrend formedRelative strengh indexBellow centerEntry point2.0322Time : 09:00 GMTStop loss2.0337wma cross1st lot target +30 pips2.0292Time : 09:30 GMT2nd lot target +50 pips2.0272Time : 11:30 GMT3rd lot target +75 pips2.0289Time : 14:00 GMT4th lot target Folow price2.0289Time : 14:00 GMTForex trade resultGainPips Result146 pipsNote:Good Move for GBPUSD result 146 pips Read more:Trade
Trade Oct 08, 2007 2007-10-09 07:16:00 Journal Of BGX Forex Trading SystemGBPUSD October 08, 2007Trade
1Daily open2.0420Cross / bonces wma2.0416Time : 05:10 GMTForex signalSellDamiani volatmeterTrend formedRelative strengh indexBellow centerEntry point2.0386Time : 08:05 GMTStop loss2.0420wma cross1st lot target +15 pips2.0371Time : 08:05 GMT2nd lot target +30 pips2.0386Time : 11:05 GMT3rd lot target +50 pips2.0386Time : 11:05 GMT4th lot target Folow price2.0386Time : 11:05 GMTForex trade resultGainPips Result15 pipsTrade 2Daily open2.0420Cross / bonces wma2.0383Time : 14:30 GMTForex signalSellDamiani volatmeterTrend formedRelative strengh indexBellow centerEntry point2.0353Time : 15:30 GMTStop loss2.0383wma cross1st lot target +15 pips2.0342Time : 17:00 GMT2nd lot target +30 pips2.0353Time : 18:30 GMT3rd lot target +50 pips2.0353Time : 18:30 GMT4th lot target Folow price2.0353Time : 18:30 GMTForex trade resultGainPips Result15 pipsNote:Only result total 30 pips from 2 trades, price always bounces after hit
Trade Oct 04, 2007 2007-10-05 08:07:00 Journal Of BGX Forex Trading SystemGBPUSD October 04, 2007Daily open2.0324Cross / bonces wma2.0305Time : 08:30 GMTForex signalBuyDamiani volatmeterTrend formedRelative strengh indexAbove centerEntry point2.0365Time : 13:15 GMTStop loss2.03452 pips below wma 1001st lot target +15 pips2.0380Time : 13:20 GMT2nd lot target +30 pips2.0395Time : 14:10 GMT3rd lot target +50 pips2.0415Time : 14:30 GMT4th lot target Folow price2.0390Time : 15:25 GMTForex trade resultGainPips Result115 pipsNote:Entry point placed far away from cross wma, because this trade heading wma 100. After saw the candlesticks closed above wma 100. GBPUSD Buy stop order to entry placed 2 pips above higher price at 2.0365. Read more:Trade
Trade Oct 03, 2007 2007-10-04 06:41:00 Journal Of BGX Forex Trading SystemGBPUSD October 03, 2007Trade
1Daily open2.0405Cross / bonces wma2.0419Time : 05:00 GMTForex signalSellDamiani volatmeterTrend formedRelative strengh indexBelow centerEntry point2.0400Time : 07:45 GMTStop loss2.0420wma cross1st lot target +15 pips2.0385Time : 08:20 GMT2nd lot target +30 pips2.0370Time : 08:40 GMT3rd lot target +50 pips2.0350Time : 08:45 GMT4th lot target Folow price2.0390Time : 09:40 GMTForex trade resultGainPips Result105 pipsNote:1-2-3 candlestick shown after wma cross. It's possible to took early entry before price touched filter.Trade 2Daily open2.0405Cross / bonces wma2.0396Time : 13:00 GMTForex signalSellDamiani volatmeterTrend formedRelative strengh indexBelow centerEntry point2.0389Time : 14:00 GMTStop loss2.04022 pips above daily open1st lot target +30 pips2.0359Time : 14:30 GMT2nd lot target +50 pips2.0339Time : 16:00 GMT3rd lot target +75 pips2.0327Time : 01:30 GMT4th lot target Folow price2.0327Time : 01:
Trade Oct 02, 2007 2007-10-03 07:04:00 Journal Of BGX Forex Trading SystemGBPUSD October 02, 2007Daily open2.0440Bonces wma2.0418Time : 05:30 GMTForex signalSellDamiani volatmeterTrend formedRelative strengh indexBelow centerEntry point2.0388Time : 06:00 GMTStop loss2.04181st lot target +15 pips2.0373Time : 06:05 GMT2nd lot target +30 pips2.0388Time : 06:30 GMT3rd lot target +50 pips2.0388Time : 06:30 GMT4th lot target Folow price2.0388Time : 06:30 GMTForex trade resultGainPips Result15 pipsNote:Actually cross wma occured at 2.0434 and entry point 2.0404, but Damiani Volatmeter wasn't giving any signal to trade. After price bounced off wma 20, there was a signal from Damiani that trend began to formed. Read more:Trade
Trade Sept 28, 2007 2007-10-01 07:58:00 Journal Of BGX Forex Trading SystemGBPUSD September 28, 2007Daily open2.0269Cross / bonces wma2.0234Time : 08:00 GMTForex signalBuyHeading daily openDamiani volatmeterTrend formedRelative strengh indexAbove centerEntry point2.0279Time : 09:30 GMTStop loss2.025415 pips below daily open1st lot target +15 pips2.0294Time : 09:40 GMT2nd lot target +30 pips2.0309Time : 09:50 GMT3rd lot target +50 pips2.0329Time : 10:00 GMT4th lot target Folow price2.0442Time : 03:00 GMTForex trade resultGainPips Result258 pipsAfter price down and wma 20 bounces off wma 100. It gave strong signal to buy, because another pair like EURUSD gave same signal as GBPUSD. But the price was heading daily open at 2.0269. The 3 candlesticks closed above daily open was a good sign to place order at 2.0279 at 4th candlestick. Because cross wma to far from entry point so stop loss move at 15 pips below daily open. Read more:Trade
Trade Sept 27, 2007 2007-09-28 06:57:00 Journal Of BGX Forex Trading SystemGBPUSD September 27, 2007Daily open2.0152Cross / bonces wma2.0150Time : 03:00 GMTForex signalBuyDamiani volatmeterTrend formedRelative strengh indexAbove centerEntry point2.0180Time : 06:00 GMTStop loss2.01582 pips below wma 1001st lot target +15 pips2.0195Time : 06:15 GMT2nd lot target +30 pips2.0210Time : 06:20 GMT3rd lot target +50 pips2.0230Time : 06:45 GMT4th lot target Folow price2.0231Time : 15:50 GMTForex trade resultGainPips Result146 pipsThis trade gave good result. Price moved fastly without many volatility. All target was reached and executed with +146 pips profit. Read more:Trade
Trade Sept 26, 2007 2007-09-27 06:45:00 Journal Of BGX Forex Trading SystemGBPUSD September 26, 2007Trade
1Daily open2.0182Cross / bonces wma2.0176Time : 07:30 GMTForex signalSellDamiani volatmeterTrend formedRelative strengh indexBelow centerEntry point2.0146Time : 08:25 GMTStop loss2.01692 pips above wma 1001st lot target +15 pips2.0131Time : 08:25 GMT2nd lot target +30 pips2.0146Time : 08:30 GMT3rd lot target +50 pips2.0146Time : 08:30 GMT4th lot target Folow price2.0146Time : 08:30 GMTForex trade resultGainPips Result15 pipsAfter hit 1st target and closed profit +15 pips, Stop loss of remain three lots move to breakeven at 2.0146. Price reverse and touched this stop loss. Looking for another re-entry. Shown that lower price was 2.0128. So the 2nd entry point must be at 2 pips below this price at 2.0126Trade 2Daily openCross / bonces wmaForex signalSellDamiani volatmeterTrend formedRelative strengh indexBelow center2nd Entry point2.0126Time : 09:00 GMTStop loss2.01461st lot target +15 pips2.0111Time : 09:05 GM
Trade Sept 25, 2007 2007-09-26 06:31:00 Journal Of BGX Forex Trading SystemGBPUSD September 25, 2007Daily open2.0200Cross/bounces wma2.0114Time : 11:30 GMTForex signalBuyHeading wma 100Damiani volatmeterTrend formedRelative strengh indexAbove centerEntry point2.0144Time : 12:10 GMTStop loss2.0114Cross wma1st lot target +15 pips2.0159Time : 13:35 GMT2nd lot target +30 pips2.0174Time : 13:40 GMT3rd lot target +50 pips2.0194Time : 14:00 GMT4th lot target Folow price2.0171Time : 14:47 GMTForex trade resultGainPips Result122 pipsNote:Even this trade heading to wma 100 line but there were space enough to take partial profit between wma 100 and wma cross. Read more:Trade
Trade Sept 21, 2007 2007-09-22 06:44:00 Journal Of BGX Forex Trading SystemGBPUSD September 21, 2007Daily open2.0100Cross wma2.0101Time : 07:00 GMTForex signalBuyDamiani volatmeterTrend formedRelative strengh indexAbove centerEntry point2.0131Time : 07:50 GMTStop loss2.0101cross wma1st lot target 15 pips2.0146Time : 08:15 GMT2nd lot target 30 pips2.0131Time : 08:35 GMT3rd lot target 50 pips2.0131Time : 08:35 GMT4th lot target - folow price2.0131Time : 08:35 GMTAfter hit 1st target +15. Stop loss of 3 lots move to breakevent at 2.0131. Price almost touched 2nd target but price reverses and touched Stop Loss. Result only +15 pips.Planning to re-entry, wait for consolidate near WMA 100 or WMA 20 as a Support and get re-entry near them. There were a good signal when price bounces off wma 20 many times, but the support wma 100 or daily open too far to place stop loss, and it's very risk. Another way is waiting for bounces wma 5 from wma 20 and place filter to placed re-entry. Another re-entry shown at 2.0172.Trade
2Boun
Trade Sept 20, 2007 2007-09-21 07:53:00 Journal Of BGX Forex Trading SystemGBPUSD September 20, 2007Daily open2.0017Cross/bounces wma2.0007Time : 06:10 GMTForex signalBuyHeading wma 100Damiani volatmeterTrend formedRelative strengh indexAbove centerEntry point2.0037Time : 06:40 GMTStop loss2.0015below daily open1st lot target2.0052Time : 07:15 GMT2nd lot target2.0067Time : 07:20 GMT3rd lot target2.0047Time : 07:50 GMT4th lot target - folow price2.0047Time : 07:50 GMTAfter hit 1st target +15 and 2nd target +30 pips and closed each potition. Stop loss of remain 2 lots move +10 pips from breakevent at 2.0047. Price almost touched 3rd target but reverse and touched stop loss each closed with 10 pips. Total +65 pips.But another pair like EURUSD given the same BUY signal with this GBPUSD. Planning to re-entry, wait for consolidate near WMA 100 or WMA 20 as a Support and get re-entry near them. The chance was comming, when price near WMA 100 line and reverse from it (See 5 minutes chart) Re- entry placed at 2.0063.Trade
2Ent
Trade Sept 19, 2007 2007-09-20 06:45:00 Journal Of BGX Forex Trading SystemGBPUSD September 19, 2007Daily open2.0116Cross/bounces wma2.0131Time : 07:15 GMTForex signalSellHeading wma 100Damiani volatmeterTrend formedRelative strengh indexBelow centerEntry point2.0101Time : 07:35 GMTStop loss2.0118Above daily open1st lot target2.0086Time : 07:45 GMT2nd lot target2.0101Time : 07:50 GMT3rd lot target2.0101Time : 07:50 GMT4th lot target - folow price2.0101Time : 07:50 GMTAfter hit 1st target +15 pips and closed at 2.0086. Stop loss of remain 3 lots move to breakevent at entry point 2.0101. Unfortunetly the BGPUSD price pullback and hit it. All close 0 pips.Find another way to re-entry at lower of previous price at 2.0076. Place Sell Stop Order 4 lots again at 2 pips below lower of previous candle at 2.0074.Trade
2Entry point2.0074Time : 08:30 GMTStop loss2.01011st lot target2.0059Time : 08:45 GMT2nd lot target2.0044Time : 09:00 GMT3rd lot target2.0024Time : 09:05 GMT4th lot target Folow price2.0015Time : 17:35 GMTFore
Trade Sept 18, 2007 2007-09-19 06:40:00 Journal Of BGX Forex Trading SystemGBPUSD September 18, 2007The important news economic event was released today -US Interest Rate Statement -.Even it is not recommended to trade using this forex strategy on this economic event, but this strategy has made a good result for today.Trade
1Daily open1.9932Cross/bounces wma1.9923Time : 12:00 GMTForex signalBuyHeading wma 100Damiani volatmeterTrend formedRelative strengh indexAbove centerEntry point1.9966Time : 12:30 GMTStop loss1.99321st lot target 1.99491.9981Time : 13:00 GMT2nd lot target 1.99341.9966Time : 13:30 GMT3rd lot target 1.99141.9966Time : 13:30 GMT4th lot target Folow price1.9966Time : 13:30 GMTForex trade resultGainPips Result15 PipsNote:Entry point should be at 1.9953 but wma 100 is to close with the entry point.A. It's good signal that the candle closed above wma 100.B. Wait a pullback to wma 100 and get entry at 1.9966. touched the 1st target +15 pips and stop loss of remain lots move to breakevent at 1.9966. Price
Trade Sept 17, 2007 2007-09-18 06:41:00 Journal Of BGX Forex Trading SystemGBPUSD September 17, 2007Daily open2.0062Cross/bounces wma1.9994Time : 15:15 GMTForex signalSellDamiani volatmeterTrend formedRelative strengh indexBelow centerEntry point1.9964Time : 15:40 GMTStop loss1.99941st lot target 1.99491.9949Time : 15:45 GMT2nd lot target 1.99341.9934Time : 15:50 GMT3rd lot target 1.99141.9954Time : 16:55 GMT4th lot target Folow price1.9954Time : 16:55 GMTForex trade resultGainPips Result60Price bounces at 61.8% to follow the previous trendNote:Price touched 1st and 2nd target fastly, but not touched the 3rd at 1.9914. After touched the 2nd target stop loss move to +10 pip from entry point at 1.9954. The 3rd and 4th lot closed position in this point. Read more:Trade
Trade Sept 13, 2007 2007-09-13 07:38:00 BGX FOREX TRADING SYSTEM JOURNAL Date September, 13 2007 Currency Pair EURUSD Cross wma 5 / 20 1.3893 Time 08:30 GMT Forex Signal Buy Daily Open 1.3894 Damiani Volatmeter Trend formed Relative Strenght Index Above center line Entry Point 1.3918 Time Hit : 08:50 GMT Stop Loss 1.3893 Time Hit : 10:30 GMT 1st Target Point +15 1.3893 2nd Target Point +30 1.3893 3rd Target Point +50 1.3893 4th Target Point 1.3893 Forex Trade
Result Loss Total Result -100 Note:Bad day :)
Trade Oct 31, 2007 2007-11-01 07:27:00 Journal Of BGX Forex Trading SystemTrading GBPUSD October 31, 2007Trade
1Daily open2.0678Cross / bonces wma2.0686Time : 06:00 GMTForex signalBuyDamiani volatmeterTrend formedLaterRelative strengh indexAbove centerEntry point2.0716Time : 08:05 GMTStop loss2.06861st lot target +15 pips2.0731Time : 08:50 GMT2nd lot target +30 pips2.0716Time : 10:30 GMT3rd lot target +50 pips2.0716Time : 09:15 GMT4th lot target Folow price2.0716Time : 09:15 GMTForex trade resultGainPips Result15 pips Note:Wma bounces and price moved fastly but damiani didn't give clear signal to trade even it seem this indicator has shown that cross between red line and green line was forming. The indicator gave clear signal at the next candle. Buy Stop order placed at 2.0716 and 1st target was reached. Market looked too slow so Stop loss moved to break even after 1st target reached. Remaind lots was closed at this b/e. Result for this GBPUSD trade were 15 pips.Trade 2Daily open2.0678Cross / bonces wma2.0718Time
Trade Oct 30, 2007 2007-10-31 07:28:00 Journal Of BGX Forex Trading SystemTrading GBPUSD October 30, 2007Daily open2.0607Cross / bonces wma2.0596Time : 07:30 GMTForex signalBuyDamiani volatmeterTrend formedRelative strengh indexAbove centerEntry point2.0626Time : 08:05 GMTStop loss2.0605Below daily open1st lot target +15 pips2.0641Time : 08:45 GMT2nd lot target +30 pips2.0656Time : 10:30 GMT3rd lot target +50 pips2.0676Time : 14:00 GMT4th lot target Folow price2.0674Time : 00:00 GMTForex trade resultGainPips Result143 pips Note:Bullish cross wma at 07:30 GMT showed clearly, up trend on GBPUSD still strong (see 4 H chart). Buy stop order at filter price. And stop loss placed 2 pips below daily open. All indicator showed that it was a good signal. Result for this trade was 143 pips. Read more:Trade
Trade Nov 02, 2007 2007-11-03 07:13:00 Journal Of BGX Forex Trading SystemTrading GBPUSD October 02, 2007Daily open2.0776Cross / bonces wma2.0788Time : 06:30 GMTForex signalBuyDamiani volatmeterTrend formedRelative strengh indexAbove centerEntry point2.0818Time : 07:00 GMTStop loss2.07881st lot target +15 pips2.0833Time : 07:20 GMT2nd lot target +30 pips2.0848Time : 08:50 GMT3rd lot target +50 pips2.0818Time : 10:35 GMT4th lot target Folow price2.0818Time : 10:35 GMTForex trade resultGainPips Result45 pips Note:Friday Non Farm Payrolls - Before this news, there was cross wma bulish signal at 06:00 and it gave a chance to place buy stop order in London open session time. After hit 1st and 3rd target, price reversed and hit SL that had moved before to b/e. Result only 45 pips Read more:Trade
Trade Nov 06, 2007 2007-11-07 05:49:00 Journal Of BGX Forex Trading SystemTrading GBPUSD October 06, 2007Trade
1Daily open2.0806Cross / bonces wma2.0848Time : 10:30 GMTForex signalBuyDamiani volatmeterTrend formedRelative strengh indexAbove centerEntry point2.0878Time : 11:30 GMTStop loss2.08481st lot target +15 pips2.o893Time : 14:00 GMT2nd lot target +30 pips2.0878Time : 15:00 GMT3rd lot target +50 pips2.0878Time : 15:00 GMT4th lot target Folow price2.0878Time : 15:00 GMTForex trade resultGainPips Result15 pips Note:There was a wma bounce before London session at 05:00 GMT, but Daminani volatmeter hasn't show any signal to trade, and the price moved up fastly. There was no another way but waiting another chance. 2nd bounce at 61.8% 30 minute chart shown that it was a good signal. Buy stop order at Filter price (+30 pips from bounces). Only 15 pips result for this trade. Shooting star was shown and it forced the position to moved Stop loss at break even.
Trade Nov 05, 2007 2007-11-06 05:45:00 Journal Of BGX Forex Trading SystemTrading GBPUSD October 05, 2007Trade
1Daily open2.0877Cross / bonces wma2.0876Time : 07:30 GMTForex signalSellDamiani volatmeterTrend formedRelative strengh indexBelow centerEntry point2.0825Time : 09:00 GMTStop loss2.0844Above wma 1001st lot target +15 pips2.0844Time : 09:05 GMT2nd lot target +30 pips2.0844Time : 09:05 GMT3rd lot target +50 pips2.0844Time : 09:05 GMT4th lot target Folow price2.0844Time : 09:05 GMTForex trade resultLossPips Result76 pips Note:Wma bounces at 2.0876. original entry must be at 2.0846, but it was to close wma 100 line. After saw that 2 candle has cloesed below wma 100. Sell Stop order placed at 2 pips below previous lower candle at 2.0825. Entry point was hit but price without gave a chance, reversed and hit stop loss. Result -76 pipsTrade 2Daily open2.0877Cross / bonces wma2.0876Time : 07:30 GMTForex signalSellDamiani volatmeterTrend formedRelative strengh indexBelow centerEntry point2.0820Time : 09:30 GMTStop
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