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76% Success Rate From BL Trading System
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Other Articles by this Author- Posted: 02-10-2008
The theory behind the system is that, there is a rotational, repeating cycle in the movement of the market prices. This is much like that of the waves of the ocean, where the waves react in relation to the invisible undercurrents of the ocean. These cycles keep repeating itself again and again with a time frame of not longer than 2 months for each cycle.
The reason that such a phenomenon happens and repeats itself is due to the nature of human behaviour. All through time, people have basically acted and reacted the same way in the market as a result of: Greed, Fear, Ignorance, and Hope. Markets can change, but human nature has stayed the same for centuries.
After years of building systems, testings, modifications, and more testings, I had finally created a trading system that had helped me to achieve more than 70% success rate in forex trading.
Below are trades executed based on my trading system:
21 trades in total: 16 winning trades and 5 losing trades
1. On 29 September, I had bought 20,000 USDJPY at 104.96, stop level at 103.30, target level at 106.76. U.S. stocks rose on 30 September
Currently I'm working as a trader in a hedge fund. Previously I was working as a commodity specialist in a bank.
Aspires to be a fund manager. In 2007, I had participated in a 1 year stock-pick competition organized by Zacks.com in America. At the end of the competition, I was ranked 407th out of 27,700 participants, hence this makes me top 1.47% of the competition. I had achieved 32.67% return on the competition portfolio, for the same period S&P was only up 6.99%, and Dow Jones was only up 4.16%, hence I had outperformed the broad market by a wide margin.
My forex trading journal: http://www.forexandbinary.com/
