Brendan's Trading Ideas

[BrendanTTA]

EURUSD is looking weak and may pull AUDUSD down. I do not want to take chance.
Closed my AUDUSD at 0.8892, profit is 21 pips.


Buy AUDUSD at 0.8871
Stop level at 0.8800
Target level at 0.8990

 

[BrendanTTA]

An Asian sovereign and a Swiss bank are seen as notable sellers of AUDUSD above 0.8900.

 

[BrendanTTA]

An Asian sovereign and a Swiss bank are seen as notable sellers of AUDUSD above 0.8900.

Dear friends,

In our forex education program, we provide information regarding orders of the big boys (central banks, sovereign funds, investment banks etc). Follow the smart money will increase your success rate.

Yesterday we had sent out this information (9 hours ago):

"An Asian sovereign and a Swiss bank are seen as notable sellers of AUDUSD above .8900."

Indeed AUDUSD has a deep plunged from 0.8900 to current level 0.8802, that is a drop of 98 pips.




Regards
Forex educator

 

[BrendanTTA]

AUDUSD has fallen to 0.8600, a level which I think is very attractive.
MACD has signal very oversold.

Buy AUDUSD at 0.8652
Stop level at 0.8540
Target level at 0.8737

 

[BrendanTTA]

AUDUSD starts to retrace downwards.
Closed AUDUSD at 0.8666, profit is 14 pips.

Original:
Buy AUDUSD at 0.8652
Stop level at 0.8540
Target level at 0.8737

 

[BrendanTTA]

100% success rate in the 1st week of February 2010:

208 pips profit was generated for the 1ST Week of February 2010. 5 trades were executed: 5 trades won and 0 trades lost. This results in a Success rate of 100%!


If you are trading 1 full contract (100,000) per trade, your profit for 208 pips will be around US$2080.


Here are the details of my trades:


1. AUDUSD: 14 Pips Profit

AUDUSD starts to retrace downwards.
Closed AUDUSD at 0.8666, profit is 14 pips.


Original:

Buy AUDUSD at 0.8652
Stop level at 0.8540
Target level at 0.8737


2. EURUSD: 63 Pips Profit

EURUSD has a deep fall. I decide to close my position.
Closed my position at 1.3946, profit is 63 pips.


Original trade:

Sell EURUSD at 1.4009

Stop level at 1.4057

Target level at 1.3922


3. AUDUSD: 21 Pips Profit

EURUSD is looking weak and it may pull AUDUSD down. I do not want to take chance. Closed my AUDUSD at 0.8892, profit is 21 pips.


Original trade:

Buy AUDUSD at 0.8871
Stop level at 0.8800
Target level at 0.8990


4. AUDUSD: 30 Pips Profit

Market looks pretty unstable. I decide to close off my position before I go to sleep. Closed at 0.8834, profit is 30 pips.


Original trade:

Buy AUDUSD at 0.8804
Stop level at 0.8740
Target level at 0.8895


5. AUDUSD: 80 Pips Profit

RBA is going to announced interest rate decision in the next few hours.
Price may go up or down drastically after the announcement, we do not want to take risk. Closed our position at 0.8916, profit is 80 pips.


Original trade:

Buy AUDUSD at 0.8836
Stop level at 0.8745
Target level at 0.8986


All of my trades are executed based on fully tested trading system based on real life experience.

 

[BrendanTTA]

Sell EURUSD at 1.3776
Stop level at 1.3840
Target level at 1.3680

 

[BrendanTTA]

Target reached at 1.3680, profit is 96 pips.

Original trade:

Sell EURUSD at 1.3776
Stop level at 1.3840
Target level at 1.3680

 

[BrendanTTA]

Sell AUDUSD at 0.8885
Stop level at 0.8950
Target level at 0.8805

 

[hornblower]

Sell AUDUSD at 0.8885
Stop level at 0.8950
Target level at 0.8805

nice run down relating to the news
closed 87.94

all markets ran down
do you think that we will return to higher levels today ?

 

[BrendanTTA]

7 hours ago, we had shorted AUDUSD at 0.8885 with target level at 0.8805.
Target level was reached at 0.8805, profit is 80 pips.

Original trade:

Sell AUDUSD at 0.8885
Stop level at 0.8950
Target level at 0.8805

 

[BrendanTTA]

nice run down relating to the news
closed 87.94

all markets ran down
do you think that we will return to higher levels today ?

Majors still look bearish.

 

[bedsit]

Hi Brendan.
Nice thread.
What is your average risk/reward?
Also if you can say how long your average trade is and what tf charts you use?

 

[BrendanTTA]

Hi Brendan.
Nice thread.
What is your average risk/reward?
Also if you can say how long your average trade is and what tf charts you use?

Thanks for your questions.

I have often heard that high risk/reward ratio is important. I do not agree. High risk/reward usually results in lower success rate. What is important to me is profits! Eventually I want to achieve many more wins than losses which I had achieved that.

 

[bedsit]

Thanks

 

[BrendanTTA]

For the benefit of my readers, here is a brief description of our strategy:
We identify repeated pattern in currency pairs and we use those information to predict future movement.

We can expain the concept in a simpler way:
If your friend smokes after lunch for the past 6 months, there is a possibility that he will continue to smoke after lunch for the next 1 week. Is that a guarantee? Of course not, but it is a high probability.

So how do we identify repeated patterns? And how do we use those information to trade?
We will teach you in our forex education program. Students can choose to purchase our software. The software will help to identify repeated patterns of currency pairs.

 

[BrendanTTA]

Sell EURUSD at 1.3691
Stop level at 1.3759
Target level at 1.3600

My subscribers asked me why readers in forum are receiving the same live signals are paying subscribers. Hence to be fair to my subscribers, I can only post delayed signals in future.

 

[BrendanTTA]

329 pips profit was generated for the 1ST 3 Weeks of February 2010. 11 trades were executed: 8 trades won and 3 trades lost. This results in a Success rate of 81.82%!


If you are trading 1 full contract (100,000) per trade, your profit for 329 pips will be around US$3290.


Here are the details of my trades:


1. EURUSD: 83 Pips Loss

Stop has triggered at 1.3530, loss is 83 pips.


Original:

Buy EURUSD at 1.3613
Stop level at 1.3530
Target level at 1.3700


2. EURUSD: 91 Pips Profit

8 hours ago, we had entered a trade to sell EURUSD at 1.3691.
We had placed a target level at 1.3600 and stop loss level at 1.3759.

Target level was reached at 1.3600, profit is 91 pips.


Original:

Sell EURUSD at 1.3691
Stop level at 1.3759

Target level at 1.3600


3. AUDUSD: 80 Pips Profit

7 hours ago, we had shorted AUDUSD at 0.8885 with target level at 0.8805.
Target level was reached at 0.8805, profit is 80 pips.


Original:

Sell AUDUSD at 0.8885
Stop level at 0.8950
Target level at 0.8805


4. EURUSD: 52 Pips Profit

4 hours ago, we had shorted EURUSD at 1.3776.
Just a while ago, we had closed my position at 1.3724, profit is 52 pips.
If you are trading 1 standard lot, 52 pips is equivalent to USD520.


Original:

Sell EURUSD at 1.3776
Stop level at 1.3840
Target level at 1.3680


5. EURUSD: 70 Pips Loss

Stop has triggered, loss is 70 pips.


Original:

Sell EURUSD at 1.3742
Stop level at 1.3812
Target level at 1.3620


6. AUDUSD: 51 Pips Profit

AUDUSD has near to the peak of the downtrend channel.
Decides to take profit. Closed at 0.8726, profit is 51 pips.


Original:

Buy AUDUSD at 0.8675

Stop level at 0.8600

Target level at 0.8775


7. AUDUSD: 14 Pips Profit

AUDUSD starts to retrace downwards.
Closed AUDUSD at 0.8666, profit is 14 pips.


Original:

Buy AUDUSD at 0.8652
Stop level at 0.8540
Target level at 0.8737


8. EURUSD: 63 Pips Profit

EURUSD has a deep fall. I decide to close my position.
Closed my position at 1.3946, profit is 63 pips.


Original trade:

Sell EURUSD at 1.4009

Stop level at 1.4057

Target level at 1.3922


9. AUDUSD: 21 Pips Profit

EURUSD is looking weak and it may pull AUDUSD down. I do not want to take chance. Closed my AUDUSD at 0.8892, profit is 21 pips.


Original trade:

Buy AUDUSD at 0.8871
Stop level at 0.8800
Target level at 0.8990


10. AUDUSD: 30 Pips Profit

Market looks pretty unstable. I decide to close off my position before I go to sleep. Closed at 0.8834, profit is 30 pips.


Original trade:

Buy AUDUSD at 0.8804
Stop level at 0.8740
Target level at 0.8895


11. AUDUSD: 80 Pips Profit

RBA is going to announced interest rate decision in the next few hours.
Price may go up or down drastically after the announcement, we do not want to take risk.

Closed our position at 0.8916, profit is 80 pips.

Original trade:

Buy AUDUSD at 0.8836
Stop level at 0.8745
Target level at 0.8986



All of my trades are executed based on fully tested trading system based on real life experience.

 

[BrendanTTA]

February 2010 Performance

259 pips profit was generated for the month of February 2010. 12 trades were executed: 9 trades won and 3 trades lost. This results in a Success rate of 75%!

If you are trading 1 full contract (100,000) per trade, your profit for 259 pips will be around US$2590.

Here are the details of my trades:

1. EURUSD: 70 Pips Loss

EURUSD falls after hitting the stop. This shows that our strategy is still good, but we had placed our stop too close for this trade.

Original:

Sell EURUSD at 1.3610
Stop level at 1.3680
Target level at 1.3500

2. EURUSD: 83 Pips Loss

Stop has triggered at 1.3530, loss is 83 pips.

Original:

Buy EURUSD at 1.3613
Stop level at 1.3530
Target level at 1.3700

3. EURUSD: 91 Pips Profit

8 hours ago, we had entered a trade to sell EURUSD at 1.3691.
We had placed a target level at 1.3600 and stop loss level at 1.3759.

Target level was reached at 1.3600, profit is 91 pips.

Original:

Sell EURUSD at 1.3691
Stop level at 1.3759

Target level at 1.3600

4. AUDUSD: 80 Pips Profit

7 hours ago, we had shorted AUDUSD at 0.8885 with target level at 0.8805.
Target level was reached at 0.8805, profit is 80 pips.

Original:

Sell AUDUSD at 0.8885
Stop level at 0.8950
Target level at 0.8805

5. EURUSD: 52 Pips Profit

4 hours ago, we had shorted EURUSD at 1.3776.
Just a while ago, we had closed my position at 1.3724, profit is 52 pips.
If you are trading 1 standard lot, 52 pips is equivalent to USD520.

Original:

Sell EURUSD at 1.3776
Stop level at 1.3840
Target level at 1.3680

6. EURUSD: 70 Pips Loss


Stop has triggered, loss is 70 pips.

Original:

Sell EURUSD at 1.3742
Stop level at 1.3812
Target level at 1.3620

7. AUDUSD: 51 Pips Profit

AUDUSD has near to the peak of the downtrend channel.
Decides to take profit. Closed at 0.8726, profit is 51 pips.

Original:

Buy AUDUSD at 0.8675

Stop level at 0.8600

Target level at 0.8775

8. AUDUSD: 14 Pips Profit

AUDUSD starts to retrace downwards.
Closed AUDUSD at 0.8666, profit is 14 pips.

Original:

Buy AUDUSD at 0.8652
Stop level at 0.8540
Target level at 0.8737

9. EURUSD: 63 Pips Profit

EURUSD has a deep fall. I decide to close my position.
Closed my position at 1.3946, profit is 63 pips.

Original trade:

Sell EURUSD at 1.4009

Stop level at 1.4057

Target level at 1.3922

10. AUDUSD: 21 Pips Profit

EURUSD is looking weak and it may pull AUDUSD down. I do not want to take chance.

Closed my AUDUSD at 0.8892, profit is 21 pips.

Original trade:

Buy AUDUSD at 0.8871
Stop level at 0.8800
Target level at 0.8990

11. AUDUSD: 30 Pips Profit

Market looks pretty unstable. I decide to close off my position before I go to sleep.
Closed at 0.8834, profit is 30 pips.

Original trade:

Buy AUDUSD at 0.8804
Stop level at 0.8740
Target level at 0.8895

12. AUDUSD: 80 Pips Profit

RBA is going to announced interest rate decision in the next few hours.
Price may go up or down drastically after the announcement, we do not want to take risk.
Closed our position at 0.8916, profit is 80 pips.

Original trade:

Buy AUDUSD at 0.8836
Stop level at 0.8745
Target level at 0.8986

All of my trades are executed based on fully tested trading system based on real life experience.

 

[BrendanTTA]

Buy EURUSD at 1.3612
Stop level at 1.3543
Target level at 1.3718