Brendan's Trading Ideas

Sept 2009: 490 pips profit was generated (79% success rate)

We have post our trades regularly in our website and you can see that we are profitable traders ourselves. We believe that only profitable traders can qualify to be trading educators.

These are our trades in September 2009:

490 pips profit was generated. 19 trades were executed: 15 trades won and 4 trades lost. 79% success rate.

If you are trading 1 full contract (100,000) per trade, your profit for 490 pips will be around US$4,900.

Here are the details of my trades:

1. EURUSD: 96 Pips Profit

Target level at 1.4660 is reached, profit is 96 pips.

Original trade:
Buy EURUSD at 1.4564
Stop level at 1.4490
Target level at 1.4660

2. AUDUSD: 74 Pips Profit

I had closed this trade at 0.8717, profit is 74 pips profit.

Original trade:
Buy AUDUSD at 0.8643
Stop level at 0.8559
Target level at 0.8739

3. EURUSD: 13 Pips Profit

I had closed this trade at 1.4645, 13 pips profit

Original trade:
Buy EURUSD at 1.4632
Stop level at 1.4538
Target level at 1.4728

4. AUDUSD: 36 Pips Profit

After a sharp fall, AUDUSD is recovering.
I closed my AUDUSD at 0.8678, 36 pips profit.

Original trade:

Sell AUDUSD at 0.8714
Stop level at 0.8800
Target level at 0.8614

5. GBPUSD: 102 Pips Profit

Target level is reached, profit is 102 pips.

Original trade:
Buy GBPUSD at 1.6180
Stop level at 1.6090
Target level at 1.6282

6. USDJPY: 83 Pips Profit

I had closed this trade at 92.01, 83 pips profit.

Original trade:
Buy USDJPY at 91.18
Stop level at 90.24
Target level at 92.24

7. EURUSD: 47 Pips Profit

Good support at 1.4650. I closed my position at 1.4663, 47 pips profit.

Original trade:
Sell EURUSD at 1.4710
Stop level at 1.4800
Target level at 1.4612

8. EURUSD: 71 Pips Loss

Cut loss at 1.4646, 71 pips loss.

Original trade:
Sell EURUSD at 1.4575
Stop level at 1.4650
Target level at 1.4500

9. AUDUSD: 33 Pips Profit

Support forming at 0.8550

Closed my position at 0.8570, profit is 33 pips.

Original trade:
Sell AUDUSD at 0.8603
Stop level at 0.8680
Target level at 0.8526

10. AUDUSD: 23 Pips Profit

I closed my trade at 0.8592, profit is 23 pips.

Original trade:

Sell AUDUSD at 0.8617
Stop level at 0.8685
Target level at 0.8510

11. USDJPY: Breakeven

I had closed this position at 91.87, breakeven.

Original trade:
Buy USDJPY at 91.87
Stop level at 91.30
Target level at 92.75

12. AUDUSD: 83 Pips Loss

Stop triggered, loss is 83 pips .

Original trade:
Sell AUDUSD at 0.8587
Stop level at 0.8670
Target level at 0.8471

13. USDJPY: 110 Pips Loss

Stop triggered, loss is 110 pips.

Original trade:
Buy USDJPY at 93.00
Stop level at 91.90
Target level at 94.76

14. USDCHF: 76 Pips Loss

Stop triggered, loss is 76 pips.

Original trade:
Buy USDCHF at 1.0596
Stop level at 1.0520
Target level at 1.0690

15. GBPUSD: 61 Pips Profit

Price has come down too fast, I decide to close this trade at 1.6343, 61 pips profit.

Original trade:

Original trade:
Sell GBPUSD at 1.6404
Stop level at 1.6460
Target level at 1.6302

16. USDJPY: 14 Pips Profit

Today US is going to announce Non-Farm Payroll data, hence forex market is going to be extremely volatile during the New York hours. Since USDJPY position is sitting on some profit, I decide to close this position at 92.59. Profit is 14 pips.

Original trade:
Buy USDJPY at 92.45
Stop level at 91.71
Target level at 93.40

17. EURUSD: 56 Pips Profit

Price action looks weak. I closed my position at 1.4277, 56 pips profit.

Original trade:
Buy EURUSD at 1.4221
Stop level at 1.4148
Target level at 1.4324

18. USDCHF: 110 Pips Profit

Target level is reached at 1.0700, profit is 110 pips.

Original trade:

Buy USDCHF at 1.0590
Stop level at 1.0500
Target level at 1.0700

19. AUDUSD: 82 Pips Profit

I closed my AUDUSD position at 0.8346, 82 pips profit.

Original trade:
Sell AUDUSD at 0.8428
Stop level at 0.8510
Target level at 0.8334

Henry Ford said “If money is your hope for independence, you will never have it. The only real security that a man can have in the world is a reserve of knowledge, experience, and ability.”

We need a reserve of knowledge, experience and ability in forex trading, so we can be recession proof. When that happens, we will work only because we wish to, not because we need to.



Regards

Forex Educator
 
Bought AUDUSD at 0.8978.

Current market condition is still rather unstable. Since I am sitting on some decent profit, I will choose to close my position. I closed my position at 0.9040, 62 pips profit.
 
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