BrendanTTA
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Brendan's Trading Ideas
- Thread starter BrendanTTA
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trendie
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BrendanTTA
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BrendanTTA
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Stop has triggered at 0.8976, loss is 67 pips.
BrendanTTA
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Bought AUDUSD at 0.8955.
Stop level at 0.8860
Target level at 0.9250
Stop level at 0.8860
Target level at 0.9250
BrendanTTA
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BrendanTTA
Well-known member
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BrendanTTA
Well-known member
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Thanks. I do not think shorting AUDUSD is a good idea. According to my FX Behavioural Model, AUDUSD is going up higher. Anyway see how it goes.
BrendanTTA
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I had heard of many who claim to be elliot wave practioners but I have not heard of many who are successful. Probably elliot wave is very complex to be comprehend by most traders, including myself.
You do not need to know elliot wave in order to know that price needs to go above 9400 to prove that downtrend view is wrong. Just by looking at the chart, we will know that.
After trading for 8 years I had created a proprietory strategy call BL TS System. This is a FX Behavioural Model. I had been using this strategy to trade for the past 2 years and I have been successful. This is the strategy that I have been teaching my students.
Currently AUDUSD is at 0.9057, my long AUDUSD trade is sitting on 102 pips profit now.:clap:
pssonice
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Please confirm what you were trading in AUDUSD !
Why didnt we receive your call in time ?
Today, 2:16am #225 BrendanTTA
Bought AUDUSD at 0.8955.
Stop level at 0.8860
Target level at 0.9250
20100510.0315,0.89824,0.89966,0.89824,0.89950,227
20100510.0320,0.89946,0.89957,0.89835,0.89931,191
20100510.0325,0.89931,0.90078,0.89918,0.90053,213
20100510.0330,0.90044,0.90109,0.90024,0.90040,229
20100510.0335,0.90037,0.90054,0.89902,0.89904,195
20100510.0340,0.89903,0.89989,0.89896,0.89985,181
20100510.0345,0.89981,0.89986,0.89927,0.89962,97
20100510.0350,0.89966,0.90181,0.89966,0.90181,188
20100510.0355,0.90174,0.90233,0.90152,0.90164,168
20100510.0400,0.90166,0.90296,0.90139,0.90280,183
20100510.0405,0.90280,0.90380,0.90277,0.90359,217
20100510.0410,0.90357,0.90424,0.90336,0.90350,200
20100510.0415,0.90347,0.90416,0.90278,0.90281,227
20100510.0420,0.90286,0.90311,0.90266,0.90283,155
20100510.0425,0.90283,0.90301,0.90229,0.90289,184
20100510.0430,0.90294,0.90296,0.90247,0.90267,173
20100510.0435,0.90266,0.90280,0.90208,0.90209,133
20100510.0440,0.90212,0.90236,0.90187,0.90217,130
20100510.0445,0.90220,0.90227,0.90187,0.90187,160
20100510.0450,0.90196,0.90217,0.90196,0.90216,68
20100510.0455,0.90214,0.90217,0.90168,0.90180,62
20100510.0500,0.90180,0.90291,0.90170,0.90276,146
Why didnt we receive your call in time ?
Today, 2:16am #225 BrendanTTA
Bought AUDUSD at 0.8955.
Stop level at 0.8860
Target level at 0.9250
20100510.0315,0.89824,0.89966,0.89824,0.89950,227
20100510.0320,0.89946,0.89957,0.89835,0.89931,191
20100510.0325,0.89931,0.90078,0.89918,0.90053,213
20100510.0330,0.90044,0.90109,0.90024,0.90040,229
20100510.0335,0.90037,0.90054,0.89902,0.89904,195
20100510.0340,0.89903,0.89989,0.89896,0.89985,181
20100510.0345,0.89981,0.89986,0.89927,0.89962,97
20100510.0350,0.89966,0.90181,0.89966,0.90181,188
20100510.0355,0.90174,0.90233,0.90152,0.90164,168
20100510.0400,0.90166,0.90296,0.90139,0.90280,183
20100510.0405,0.90280,0.90380,0.90277,0.90359,217
20100510.0410,0.90357,0.90424,0.90336,0.90350,200
20100510.0415,0.90347,0.90416,0.90278,0.90281,227
20100510.0420,0.90286,0.90311,0.90266,0.90283,155
20100510.0425,0.90283,0.90301,0.90229,0.90289,184
20100510.0430,0.90294,0.90296,0.90247,0.90267,173
20100510.0435,0.90266,0.90280,0.90208,0.90209,133
20100510.0440,0.90212,0.90236,0.90187,0.90217,130
20100510.0445,0.90220,0.90227,0.90187,0.90187,160
20100510.0450,0.90196,0.90217,0.90196,0.90216,68
20100510.0455,0.90214,0.90217,0.90168,0.90180,62
20100510.0500,0.90180,0.90291,0.90170,0.90276,146
BrendanTTA
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Re: Please confirm what you were trading in AUDUSD !
Good question!
We are forex educators. We teach our proprietory strategy to our students. We also provide live trade signals to our students. If we provide live trade signals here, we will get complains from our students. So we can only post slightly late signals.
If you need evidence to show that we really send out live signal to our students, send me an email, I will forward my signal email to you. The email is time-stamped.
Good question!
We are forex educators. We teach our proprietory strategy to our students. We also provide live trade signals to our students. If we provide live trade signals here, we will get complains from our students. So we can only post slightly late signals.
If you need evidence to show that we really send out live signal to our students, send me an email, I will forward my signal email to you. The email is time-stamped.
BrendanTTA
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Risk comes from not knowing what you are doing.
There are 3 criteria to determine which currencies to buy:
a) The currency must have relatively higher interest rate than other currencies. Naturally investors want to invest in currencies for their yield.
b) The nation must have budget surplus. Budget surplus means that the nation is earning more than it spends.
c) GDP growth must be healthy and positive. Healthy GDP growth increases confidence to investment community and hence higher probability of capital appreciating.
After determine which currency to buy, we will check out the trend of the currency. The saying that “the trend is your friend” is always true. We will use our trend strategy to determine the medium term trend of the currency pair. It is easy to ride with the trend rather than the go against the trend. Move onto next step if trend shows uptrend.
Next we need to find out the behaviour of the currency pair that we want to trade. After finding out the past behaviour of the currency pair, we can use this information to generate buy / sell signals. We will proceed to next step when the signals show buy.
We will always buy near a support level. If the current price is far from support level, we will wait for better entry level.
Finally we will determine where is our stop loss and target loss. Make sure that we do not risk more than 2% of our capital for each trade. All forecasts are a matter of probabilities, not certainties. Hence all trading decision must come with managing losses. By risking only 2% or less for each trade is our way of managing losses.
This is how we trade and we have been doing well in our trading.
There are 3 criteria to determine which currencies to buy:
a) The currency must have relatively higher interest rate than other currencies. Naturally investors want to invest in currencies for their yield.
b) The nation must have budget surplus. Budget surplus means that the nation is earning more than it spends.
c) GDP growth must be healthy and positive. Healthy GDP growth increases confidence to investment community and hence higher probability of capital appreciating.
After determine which currency to buy, we will check out the trend of the currency. The saying that “the trend is your friend” is always true. We will use our trend strategy to determine the medium term trend of the currency pair. It is easy to ride with the trend rather than the go against the trend. Move onto next step if trend shows uptrend.
Next we need to find out the behaviour of the currency pair that we want to trade. After finding out the past behaviour of the currency pair, we can use this information to generate buy / sell signals. We will proceed to next step when the signals show buy.
We will always buy near a support level. If the current price is far from support level, we will wait for better entry level.
Finally we will determine where is our stop loss and target loss. Make sure that we do not risk more than 2% of our capital for each trade. All forecasts are a matter of probabilities, not certainties. Hence all trading decision must come with managing losses. By risking only 2% or less for each trade is our way of managing losses.
This is how we trade and we have been doing well in our trading.
Last edited by a moderator:
BrendanTTA
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Re: Please confirm what you were trading in AUDUSD !
Attached is print screen of my email to my students, informing them to buy AUDUSD at 0.8955. Time is 8.10am Hong Kong time (GMT + 8 Hours).
Attached is print screen of my email to my students, informing them to buy AUDUSD at 0.8955. Time is 8.10am Hong Kong time (GMT + 8 Hours).
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BrendanTTA
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