The BTS t101 breakout the journal.

I've been trading for 3 years. 2 years in searching a system that suit me. After so much time searching, I've finally discovered 2 great system that suit me. The 1st one is The Turtle System and the second one is, T101 Basket system

In this blog, I will write down every inch of my trading plan. The system that will be used is T101 basket system, but a break out system. I've test this system and i can generate 100% return every month. But the problem is, ME. It is hard to control myself from over trading and follow the system 100%.

So this is how will I trade it.

I will watch this system from excel 2007 and pchart for reversal trade.

Since this blog wont be view much, so i wont publish this the system yet. I will only share some picture.

So, today I've lost almost 70% of my investor fund and 30% is my career in forex left. if i cant retained this 30%, it will over for me.

So....for today, the number is 3, buy, and 147 (moving number). The number is not aligned. So for now there is no trade. i will try to post my journal next time by using a video.

25 jan GBPJPY update

the reversal candle is happening early than expected. but this is a bull market since the the price broke the triangle pattern and goes up, while the lower trendline is still holding . so I will go long when the the price hit the lower trendline, with target pips 100.

Trade Analysis For GBPJPY 4 jan - 8 jan 2010

Hello guys...happy new year 2010!! Great to be back from holiday week. For this week there are two significant line that must be watched.  First the S&R line 153.32(red line) and the uptrend line (blue line). From the daily chart the stochastic Osccilator shows that the value is in OB zone which mean there might be a reversal pattern soon. 

Trading strategy for this week is short if reversal pattern candle formed at 153.22 S&R line at 4 hour chart. Stop loss 100 - 200 pips. Take profit if the 4 hour stochastic crossed or at the OS zone or the price hit the trendline.. which ever comes first.

See u guys other next update!!