BGX Forex Trading Journal

Trade GU Feb 12, 2008

2008-02-13T12:37:00.003Z

BGX FOREX TRADING STRATEGY

Trading GBPUSD February 12, 2008

Daily Open	1.9492
Cross wma	1.9505	Time : 12:00 GMT
Forex signal	Buy
Damiani volatmeter	Trend formed
Relative strengh index	Above center
Entry point	1.9535	Time : 14:00 GMT
Stop loss	1.9505
1st Lot target +15 pips	1.9550	Time : 14:05 GMT
2nd lot target +30 pips	1.9565	Time : 14:050 GMT
3rd lot target +50 pips	1.9585	Time : 14:25 GMT
4th lot target Folow price	1.9618	Time : 20:30 GMT
Forex trade result	Gain
Pips Result	178 pips

Note:

Result 178 pips

Trade GU Feb 07, 2008

2008-02-08T12:14:00.000Z

BGX FOREX TRADING STRATEGY

Trading GBPUSD February 07, 2008

Daily Open	1.9602
Cross wma	1.9597	Time : 07:30 GMT
Forex signal	Sell
Damiani volatmeter	Trend formed
Relative strengh index	Below center
Entry point	1.9567	Time : 19:18 GMT
Stop loss	1.9597
1st Lot target +15 pips	1.9553	Time : 09:30 GMT
2nd lot target +30 pips	1.9537	Time : 19:37 GMT
3rd lot target +50 pips	1.9537	Time : 10:24 GMT
4th lot target Folow price	1.9536	Time : 12:00 GMT
Forex trade result	Gain
Pips Result	124 pips

Note:

It looked like "three in bed" signal before price down. Cross was happened but damiani rather late to show indicated a trend signal. I placed sell order at 09:00 GMT and it were hit at 09:18 GMT. After hit 3rd target (+50 pips) sl move to +10 pips. And it looked like price found strong support at S3 line. I moved SL 2 pips above S2 line at 1.9536. Price became wild at 12:00 GMT an it hit SL at S2. Even after that it countinued its trend and down until 1.9391. Result 124 pips

Trade GU Feb 05, 2008

2008-02-06T12:10:00.000Z

BGX FOREX TRADING STRATEGY

Trading GBPUSD February 05, 2008

Daily Open	1.9747
Cross/bonces wma	1.9725	Time : 08:00 GMT
Forex signal	Sell
Damiani volatmeter	Trend formed
Relative strengh index	Below center
Entry point	1.9695	Time : 08:35 GMT
Stop loss	1.9725
1st Lot target +15 pips	1.9680	Time : 09:00 GMT
2nd lot target +30 pips	1.9665	Time : 09:20 GMT
3rd lot target +50 pips	1.9695	Time : 09:30 GMT
4th lot target Folow price	1.9695	Time : 09:30 GMT
Forex trade result	Gain
Pips Result	45 pips

Note:

I saw 2 candlesticks were bouncing off daily open at 1.9747. Good signal to selll but we have to wait until cross signal formed. When the cross formed sell order placed at 1.9695. This trade take profit 45 pips.

Trade GU Feb 01, 2008

2008-02-03T11:39:00.000Z

BGX FOREX TRADING STRATEGY

Trading GBPUSD February 01, 2008

Daily Open	1.9900
Cross wma	1.9905	Time : 12:00 GMT
Forex signal	Sell
Damiani volatmeter	Trend formed
Relative strengh index	Below center
Entry point	1.9875	Time : 12:34 GMT
Stop loss	1.9905
1st Lot target +15 pips	1.9860	Time : 12:36 GMT
2nd lot target +30 pips	1.9845	Time : 12:39 GMT
3rd lot target +50 pips	1.9825	Time : 13:43 GMT
4th lot target +100 pips	1.9775	Time : 14:17 GMT
Forex trade result	Gain
Pips Result	195 pips

Note:

I saw wma 5 bounced off wma 20 at 1.9907 and placed buy stop order at 1.9937 (close R1), I canceled the orders when price didn't hit orders in the last 5 minutes of the 30M chart. And waiting until a new 3oM candlestick to determine another buy order of the previous highest candlestick. Price hit and break about 4 points of R1 but price bounced off R1 and new candlestick didn't break previous highest canldestick. Price reverses and formed another cross wma (sell signal). Cross wma at 1.9905 and placed sell stop order at 1.9875. Result 195 pips

Trade GU Jan 31, 2008

2008-02-01T12:52:00.000Z

BGX FOREX TRADING STRATEGY

Trading GBPUSD January 31, 2008

Daily Open	1.9838
Bonces wma	1.9868	Time : 09:00 GMT
Forex signal	Buy
Damiani volatmeter	Trend formed
Relative strengh index	Above center
Entry point	1.9898	Time : 10:00 GMT
Stop loss	1.9868
1st Lot target +15 pips	1.9913	Time : 10:00 GMT
2nd lot target +30 pips	1.9928	Time : 10:30 GMT
3rd lot target +50 pips	1.9898	Time : 12:00 GMT
4th lot target Folow price	1.9898	Time : 12:00 GMT
Forex trade result	Gain
Pips Result	45 pips

Note:

Result 45 pips

Trade GU Jan 30, 2008

2008-01-31T12:04:00.000Z

BGX FOREX TRADING STRATEGY

Trading GBPUSD January 30, 2008

Daily Open	1.9891
Cross wma	1.9900	Time : 08:30 GMT
Forex signal	Buy
Damiani volatmeter	Trend formed
Relative strengh index	Above center
Entry point	1.9930	Time : 10:50 GMT
Stop loss	1.9900
1st Lot target +15 pips	1.9945	Time : 12:35 GMT
2nd lot target +30 pips	1.9915	Time : 13:15 GMT
3rd lot target +50 pips	1.9915	Time : 13:15 GMT
4th lot target Folow price	1.9915	Time : 13:15 GMT
Forex trade result	Loss
Pips Result	-45 pips

Note:

GBPUSD wma cross buy signal. Only 1st target was hit and price reverse after it touched R2 at 1.9948 point. I saw that market so slowly and after hit 1st target I moved stop loss -15 pips from entry point to reduce the risk. Remains lot hit SL at 1.9915. Result -45 pips

Trade GU Jan 28, 2008

2008-01-29T13:30:00.000Z

BGX FOREX TRADING STRATEGY

Trading GBPUSD January 28, 2008

Daily Open	1.9865
Cross/bonces wma	1.9773	Time : 07:30 GMT
Forex signal	Buy
Damiani volatmeter	Trend formed
Relative strengh index	Above center
Entry point	1.9803	Time : 10:00 GMT
Stop loss	1.9773
1st Lot target +15 pips	1.9818	Time : 10:50GMT
2nd lot target +30 pips	1.9833	Time : 12:05 GMT
3rd lot target +50 pips	1.9853	Time : 13:10 GMT
4th lot target Folow price	1.9843	Time : 19:00 GMT
Forex trade result	Gain
Pips Result	135 pips

Note:

After down in Assian session, price couldn't break support at 1.9726. Price reversed and wma lines made buy signal cross at 1.9773. After saw that some candle closed above wma 100 line, buy stop order was placed at 1.9803. After hit the 1st target I saw that market went slowly and stop loss at 1.9788 (-15 pips) from 1.9773 to reduce the risk. But the price still move and hit all remains target. Result 135 pips

Trade GU Jan 24, 2008

2008-01-25T12:20:00.000Z

BGX FOREX TRADING STRATEGY

Trading GBPUSD January 24, 2008

Daily Open	1.9566
Cross/bonces wma	1.9539	Time : 08:00 GMT
Forex signal	Buy
Damiani volatmeter	Trend formed
Relative strengh index	Above center
Entry point	1.9596	Time : 11:20 GMT
Stop loss	1.9566
1st Lot target +15 pips	1.9611	Time : 11:35 GMT
2nd lot target +30 pips	1.9626	Time : 11:350 GMT
3rd lot target +50 pips	1.9596	Time : 13:30 GMT
4th lot target Folow price	1.9596	Time : 13:30 GMT
Forex trade result	Gain
Pips Result	45 pips

Note:

Cross wma has shown at 08:00 GMT, but damiani didn't show the trend clearly yet. So I'm waiting for it to enter the trade. I saw price bounces off wma 100 line. I place buy stop order at 2 pips above highest prvious candle. 1st and 2nd traget was hit and I moved SL to B/E. Unfortunetly remains lot hit this SL. Result 45 pips

Trade GU Jan 23, 2008

2008-01-24T11:53:00.000Z

BGX FOREX TRADING STRATEGY

Trading GBPUSD January 23, 2008

Daily Open	1.9603
Cross/bonces wma	1.9577	Time : 10:25 GMT
Forex signal	Sell
Damiani volatmeter	Trend formed
Relative strengh index	Below center
Entry point	1.9502	Time : 13:05 GMT
Stop loss	1.9577
1st Lot target +15 pips	1.9487	Time : 13:20 GMT
2nd lot target +30 pips	1.9472	Time : 13:50 GMT
3rd lot target +50 pips	1.9502	Time : 14:05 GMT
4th lot target Folow price	1.9502	Time : 14:05 GMT
Forex trade result	Gain
Pips Result	45 pips

Note:

Entry point was between cross and wma 100, So I wait until candlestick closed below wma 100. It looks like 123 signal where the three candle up and down off wma 100. It was agood signal for early entry, but I decided to wait until the price break the lowest previous candle. I placed sell stop order 2 pips (1.9502) below the lowest candle. 1st target reached easily and after price hit 2nd target SL move to B/E 1.9502. Trade was over when remains lots hit this SL. Result 45 pips

Trade GU Jan 22, 2008

2008-01-23T11:51:00.000Z

BGX FOREX TRADING STRATEGY

Trading GBPUSD January 22, 2008

Trade 1

Daily Open	1.9401
Cross wma	1.9403	Time : 08:15 GMT
Forex signal	Buy
Damiani volatmeter	Trend formed
Relative strengh index	Above center
Entry point	1.9527	Time : 11:00 GMT
Stop loss	1.9497
1st Lot target +15 pips	1.9542	Time : 11:35 GMT
2nd lot target +30 pips	1.9512	Time : 12:20 GMT
3rd lot target +50 pips	1.9512	Time : 12:20 GMT
4th lot target Folow price	1.9512	Time : 12:20 GMT
Forex trade result	Loss
Pips Result	-45 pips

Note:
Entry point was between cross wma and wma 100 line, waiting until candle stick closed above wma 100 line. Buy stop order was placed 2 pips above previous highest candlestick. 1st traget was reached and it seem market to slow, I moved SL -15 pips for remains lot and price was hit it. Result -45 pips

Trade 2

Daily Open	1.9401
Bonces wma	1.9520	Time : 14:30 GMT
Forex signal	Buy
Damiani volatmeter	Trend formed
Relative strengh index	Above center
Entry point	1.9550	Time : 15:25 GMT
Stop loss	1.9520
1st Lot target +15 pips	1.9565	Time : 15:25 GMT
2nd lot target +30 pips	1.9580	Time : 12:30 GMT
3rd lot target +50 pips	1.9600	Time : 12:30 GMT
4th lot target Folow price	1.9607	Time : 12:30 GMT
Forex trade result	Gain
Pips Result	152 pips

Note:

Wma 5 bounces off wma 20, entry point +30 pips. It was a good move for GU because 1st and 2nd target were hit fastly, SL move to Break even for safe position. And then 3rd traget was hit and SL move to 1.9560 (+10 pips). My position was safe now for last lot and it closed at 1.9607 . Result 152 pips. Total result for today 107 pips

Trade GU Jan 17, 2008

2008-01-18T12:01:00.000Z

BGX FOREX TRADING STRATEGY

Trading GBPUSD January 17, 2008

Trade 1

Daily Open	1.9623
Bonces wma	1.9633	Time : 08:30 GMT
Forex signal	Buy
Damiani volatmeter	Trend formed
Relative strengh index	Above center
Entry point	1.9663	Time : 08:45 GMT
Stop loss	1.9633
1st Lot target +15 pips	1.9678	Time : 08:50 GMT
2nd lot target +30 pips	1.9693	Time : 08:55 GMT
3rd lot target +50 pips	1.9713	Time : 09:25 GMT
4th lot target Folow price	1.9673	Time : 09:50 GMT
Forex trade result	Gain
Pips Result	105 pips

Note:

"Three in bed" was being happened in Asian session. It's good sign to trade because price can moved hundreds pips up or down. I saw the first good move at 08:30 GMT "Buy signal". Trying to catch that fast moved with buy stop order at 1.9663. Result 105 pips

Trade 2

Daily Open	1.9623
Cross wma	1.9653	Time : 12:30 GMT
Forex signal	Buy
Damiani volatmeter	Trend formed
Relative strengh index	Above center
Entry point	1.9683	Time : 13:00 GMT
Stop loss	1.9653
1st Lot target +15 pips	1.9698	Time : 13:20 GMT
2nd lot target +30 pips	1.9713	Time : 13:50 GMT
3rd lot target +50 pips	1.9733	Time : 14:15 GMT
4th lot target Folow price	1.9783	Time : 15:45 GMT
Forex trade result	Gain
Pips Result	195 pips

Note:

After first trade price down and made another cross sell signal, but the daily open was too close with the entry point, so waiting is the safe way until price broke the lowest previous candle. But price didn't break it. Price made new buy cross signal, it seem it going to countinue the up trend. Wma cross was hapenned at 1.9653. After all 3 lot has hit the target, and 4th lot has reached 80 pips, I'll try to find strong resistance on 4 H chart, and I think 4th lot can reach 100 pips. So I placed exit target at. 19783 (100 pips) for 4th lot target. Result 195 pips. Total for today 300 pips

Trade GU Jan 16, 2008

2008-01-17T11:32:00.000Z

BGX FOREX TRADING STRATEGY

Trading GBPUSD January 16, 2008

Trade 1

Daily Open	1.9578
Bonces wma	1.9603	Time : 09:30 GMT
Forex signal	Sell
Damiani volatmeter	Trend formed
Relative strengh index	Below center
Entry point	1.9573	Time : 10:20 GMT
Stop loss	1.9603
1st Lot target +15 pips	1.9558	Time : 10:40 GMT
2nd lot target +30 pips	1.9543	Time : 10:45 GMT
3rd lot target +50 pips	1.9573	Time : 10:55 GMT
4th lot target Folow price	1.9573	Time : 10:55 GMT
Forex trade result	Gain
Pips Result	45 pips

Note:

Wma 5 bounces off wma 20 sell signal. Entry 30 pips below wma bounces, 1st and 2nd target was hit. SL move to entry point for safety to entry point. 3rd and 4th lot didn't success to make profit because price moved up and hit SL at entry point. Result 45 pips

Trade 2

Daily Open	1.9578
Cross wma	1.9586	Time : 12:30 GMT
Forex signal	Buy
Damiani volatmeter	Trend formed
Relative strengh index	Above center
Entry point	1.9616	Time : 13:00 GMT
Stop loss	1.9586
1st Lot target +15 pips	1.9631	Time : 13:05 GMT
2nd lot target +30 pips	1.9646	Time : 13:45 GMT
3rd lot target +50 pips	1.9666	Time : 14:00 GMT
4th lot target Folow price	1.9665	Time : 15:45 GMT
Forex trade result	Gain
Pips Result	144 pips

Note:

Second trade give more profit when there was across wma buy signal. Entry point was being above wma 100. All traget target hit easily. After I saw a reversal signal candlestick, the forth lot SL was moved at 2 pips below the lowest price previous candle. Result 144 pips. Total result 189 pips. Another my lucky day... :)

Trade GU, Jan 15, 2008

2008-01-16T11:54:00.000Z

BGX FOREX TRADING STRATEGY

Trading GBPUSD January 15, 2008

Trade 1

Daily Open	1.9538
Bonces wma	1.9570	Time : 08:00 GMT
Forex signal	Buy
Damiani volatmeter	Trend formed
Relative strengh index	Above center
Entry point	1.9600	Time : 09:10 GMT
Stop loss	1.9570
1st Lot target +15 pips	1.9615	Time : 09:25 GMT
2nd lot target +30 pips	1.9630	Time : 09:30 GMT
3rd lot target +50 pips	1.9600	Time : 09:40 GMT
4th lot target Folow price	1.9600	Time : 09:40 GMT
Forex trade result	Gain
Pips Result	45 pips

Note:
Wma 5 bounces off wma 20. It seem it was an easy trade because the entry point was being above wma 100 line. Price moved fastly hit 1st target, it make decision to move stop loss after 2nd target hit. Price hit 2nd target and sl move to b/e at entry point. After that price down and and hit sl of remains lot. Result 45 pips

Trade 2

Daily Open	1.9538
Highest previous candle	1.9656
Forex signal	Buy
Damiani volatmeter	Trend formed
Relative strengh index	Above center
Entry point	1.9658	Time : 11:05 GMT
Stop loss	1.9628
1st Lot target +15 pips	1.9673	Time : 11:20 GMT
2nd lot target +30 pips	1.9688	Time : 13:15 GMT
3rd lot target +50 pips	1.9708	Time : 13:30 GMT
4th lot target Folow price	1.9668	Time : 16:25 GMT
Forex trade result	Gain
Pips Result	105 pips

Note :
After down GU make a new highest high price at 1.9656. I saw another chance because 30 M trend line (support line) didn't break yet. Buy stop order placed 2 pips above the highest price at 1.658. And it made more better trade than the first. All target was hit but the forth lot only gave +10 pips. Result 105 pips. Total for today 150 pips

Trade GU - Jan 11, 2008

2008-01-12T12:15:00.000Z

BGX FOREX TRADING STRATEGY

Trading GBPUSD January 11, 2008

Daily Open	1.9712
Cross/bonces wma	1.9554	Time : 11:30 GMT
Forex signal	Buy
Damiani volatmeter	Trend formed
Relative strengh index	Above center
Entry point	1.9584	Time : 12:55 GMT
Stop loss	1.9564	20 pips below entry
1st Lot target +15 pips	1.9599	Time : 13:00 GMT
2nd lot target +30 pips	1.9584	Time : 13:10 GMT
3rd lot target +50 pips	1.9584	Time : 13:10 GMT
4th lot target Folow price	1.9584	Time : 13:10 GMT
Forex trade result	Gain
Pips Result	15 pips

Note:

Price has moved down before I entry the market. GBPUSD has down about 130 pips when I open my trading platform. After down I see that GU is going to rebound, and another cross wma was formed at 1.9554, price moved heading up to wma 100 and daily open. Entry point 1.9585 was being above wma 100 but there was daily open line at 1.9612. I saw a litle space to take 1st profit at 1.9599 (15 pips) so I dare my self to trade. It was a risky trade so I use tight stop loss about 20 pips. 1st target was hit and I moved SL to B/E. Price touched daily open and reversed hit SL at B/E point. Result +15 pips

Trade Jan 10, 2008

2008-01-11T13:27:00.000Z

BGX FOREX TRADING STRATEGY

Trading GBPUSD January 10, 2008

Daily Open	1.9571
Cross wma	1.9590	Time : 12:30 GMT
Forex signal	Sell
Damiani volatmeter	Trend formed
Relative strengh index	Below center
Entry point	1.9560	Time : 13:30 GMT
Stop loss	1.9575	2 pips above daily open
1st Lot target +15 pips	1.9575	Time : 14:00 GMT
2nd lot target +30 pips	1.9575	Time : 14:00 GMT
3rd lot target +50 pips	1.9575	Time : 14:00 GMT
4th lot target Folow price	1.9575	Time : 14:00 GMT
Forex trade result	Loss
Pips Result	-60 pips

Note:

Price up and down fastly, it was a risk trade but my curiosity push me to place sell order when cross wma was formed at 12:30 GMT. Sell stop order was placed at 30 pips below cross wma, and I placed stop loss 4 pips above daily open (1.9575). Result -60 pips. It will be more safe if Sell stop order placed at 2 pips below the lowest previous candle.

Trade Jan 09, 2008

2008-01-10T14:17:00.000Z

BGX FOREX TRADING STRATEGY

Trading GBPUSD January 09, 2008

Daily Open	1.9716
Cross wma	1.9740	Time : 06:30 GMT
Forex signal	Sell
Damiani volatmeter	Trend formed
Relative strengh index	Below center
Entry point	1.9710	Time : 08:00 GMT
Stop loss	1.9740
1st Lot target +15 pips	1.9695	Time : 08:00 GMT
2nd lot target +30 pips	1.9680	Time : 08:00 GMT
3rd lot target +50 pips	1.9660	Time : 08:30 GMT
4th lot target Folow price	1.9584	Time : 21:30 GMT
Forex trade result	Gain
Pips Result	221 pips

Note:

Good a chance to sell GBPUSD, seeing that 4H chart was down trend. Result 221 pips

Trade Dec 07, 2008

2008-01-08T12:02:00.000Z

BGX FOREX TRADING STRATEGY

Trading GBPUSD January 07, 2008

Daily Open	1.9716
Cross/bonces wma	1.9700	Time : 08:30 GMT
Forex signal	Buy
Damiani volatmeter	Trend formed
Relative strengh index	Above center
Entry point	1.9739	Time : 12:00 GMT
Stop loss	1.9723	2 pips below wma 100
1st Lot target +15 pips	1.9723	Time : 12:30 GMT
2nd lot target +30 pips	1.9723	Time : 12:30 GMT
3rd lot target +50 pips	1.9723	Time : 12:30 GMT
4th lot target Folow price	1.9723	Time : 12:30 GMT
Forex trade result	Loss
Pips Result	-64 pips

Note:

Good forex strategy but bad result for today. Trade GBPUSD againts wma 100 line. Wma cross at 1.9700. Waiting and seeing if there were a candlestick close above wma 100 line. at 11:30 GMT a candlestick close at 1.9732 and the higher price was 1.9739. Buy stop order 4 lots was placed at 2 pips of the higher price. And stop loss was placed at 2 pips below wma 100 line. Result -64 pips

Trade Dec 04, 2008

2008-01-05T14:35:00.000Z

Journal Of BGX Forex Trading System

Trading GBPUSD January 04, 2008

Daily open	1.9737
Cross / bonces wma	1.9748	Time : 12:30 GMT
Forex signal	Buy
Damiani volatmeter	Trend formed
Relative strengh index	Above center
Entry point	1.9778	Time : 13:15 GMT
Stop loss	1.9748
1st lot target +15 pips	1.9793	Time : 13:25 GMT
2nd lot target +30 pips	1.9808	Time : 13:30 GMT
3rd lot target +50 pips	1.9828	Time : 13:30 GMT
4th lot target Folow price	1.9788	Time : 13:45 GMT
Forex trade result	Gain
Pips Result	105 pips

Note:

After GBPUSD price moved up, I was waiting for a bouncing off. There was a strong support line at 50% fibonaccy retracement line, you could see there were wma 100 line and daily open point. After saw a doji candlestick at 30 M chart, Buy stop order 4 lots were placed at filter point at 1.9778. Three lots hit target point but 4th lot closed at 1.9788. Result 105 pips

Trade Nov 12, 2007

2007-11-13T12:08:00.000Z

Journal Of BGX Forex Trading System

Trading GBPUSD November 12, 2007

Daily open	2.0856
Cross / bonces wma	2.0808	Time : 09:00 GMT
Forex signal	Sell
Damiani volatmeter	Trend formed
Relative strengh index	Below center
Entry point	2.0778	Time : 11:35 GMT
Stop loss	2.0808
1st lot target +15 pips	2.o763	Time : 11:40 GMT
2nd lot target +30 pips	2.o748	Time : 11:45 GMT
3rd lot target +50 pips	2.o728	Time : 11:50 GMT
4th lot target Folow price	2.o615	Time : 16:40 GMT
Forex trade result	Gain
Pips Result	258 pips

Note:
This was a best trade from BGX forex strategy. Result 258 pips in a day...

Trade Nov 06, 2007

2007-11-07T11:49:00.000Z

Journal Of BGX Forex Trading System

Trading GBPUSD October 06, 2007

Trade 1

Daily open	2.0806
Cross / bonces wma	2.0848	Time : 10:30 GMT
Forex signal	Buy
Damiani volatmeter	Trend formed
Relative strengh index	Above center
Entry point	2.0878	Time : 11:30 GMT
Stop loss	2.0848
1st lot target +15 pips	2.o893	Time : 14:00 GMT
2nd lot target +30 pips	2.0878	Time : 15:00 GMT
3rd lot target +50 pips	2.0878	Time : 15:00 GMT
4th lot target Folow price	2.0878	Time : 15:00 GMT
Forex trade result	Gain
Pips Result	15 pips

Note:
There was a wma bounce before London session at 05:00 GMT, but Daminani volatmeter hasn't show any signal to trade, and the price moved up fastly. There was no another way but waiting another chance. 2nd bounce at 61.8% 30 minute chart shown that it was a good signal. Buy stop order at Filter price (+30 pips from bounces). Only 15 pips result for this trade. Shooting star was shown and it forced the position to moved Stop loss at break even.

Trade Nov 05, 2007

2007-11-06T11:45:00.000Z

Journal Of BGX Forex Trading System

Trading GBPUSD October 05, 2007

Trade 1

Daily open	2.0877
Cross / bonces wma	2.0876	Time : 07:30 GMT
Forex signal	Sell
Damiani volatmeter	Trend formed
Relative strengh index	Below center
Entry point	2.0825	Time : 09:00 GMT
Stop loss	2.0844	Above wma 100
1st lot target +15 pips	2.0844	Time : 09:05 GMT
2nd lot target +30 pips	2.0844	Time : 09:05 GMT
3rd lot target +50 pips	2.0844	Time : 09:05 GMT
4th lot target Folow price	2.0844	Time : 09:05 GMT
Forex trade result	Loss
Pips Result	76 pips

Note:
Wma bounces at 2.0876. original entry must be at 2.0846, but it was to close wma 100 line. After saw that 2 candle has cloesed below wma 100. Sell Stop order placed at 2 pips below previous lower candle at 2.0825. Entry point was hit but price without gave a chance, reversed and hit stop loss. Result -76 pips

Trade 2

Daily open	2.0877
Cross / bonces wma	2.0876	Time : 07:30 GMT
Forex signal	Sell
Damiani volatmeter	Trend formed
Relative strengh index	Below center
Entry point	2.0820	Time : 09:30 GMT
Stop loss	2.0844	Above wma 100
1st lot target +15 pips	2.0805	Time : 09:40 GMT
2nd lot target +30 pips	2.0790	Time : 11:30 GMT
3rd lot target +50 pips	2.0820	Time : 15:10 GMT
4th lot target Folow price	2.0820	Time : 15:10 GMT
Forex trade result	Loss
Pips Result	45 pips

Note:
After reversed and hit stop loss. in 5 minute chart show that doji star shown on level 61.8% fibonaci retracement. It was good signal to place another trade. Sell Stop order was place 2 pips below previous lower candle at 2.0820. Price hit entry point fastly and then 1st and 2nd target reached. 3rd and 4th lot was closed at b/e. Result 45 pips.

Trade Nov 02, 2007

2007-11-03T12:13:00.000Z

Journal Of BGX Forex Trading System

Trading GBPUSD October 02, 2007

Daily open	2.0776
Cross / bonces wma	2.0788	Time : 06:30 GMT
Forex signal	Buy
Damiani volatmeter	Trend formed
Relative strengh index	Above center
Entry point	2.0818	Time : 07:00 GMT
Stop loss	2.0788
1st lot target +15 pips	2.0833	Time : 07:20 GMT
2nd lot target +30 pips	2.0848	Time : 08:50 GMT
3rd lot target +50 pips	2.0818	Time : 10:35 GMT
4th lot target Folow price	2.0818	Time : 10:35 GMT
Forex trade result	Gain
Pips Result	45 pips

Note:
Friday Non Farm Payrolls - Before this news, there was cross wma bulish signal at 06:00 and it gave a chance to place buy stop order in London open session time. After hit 1st and 3rd target, price reversed and hit SL that had moved before to b/e. Result only 45 pips

Trade Oct 31, 2007

2007-11-01T12:27:00.000Z

Journal Of BGX Forex Trading System

Trading GBPUSD October 31, 2007

Trade 1

Daily open	2.0678
Cross / bonces wma	2.0686	Time : 06:00 GMT
Forex signal	Buy
Damiani volatmeter	Trend formed	Later
Relative strengh index	Above center
Entry point	2.0716	Time : 08:05 GMT
Stop loss	2.0686
1st lot target +15 pips	2.0731	Time : 08:50 GMT
2nd lot target +30 pips	2.0716	Time : 10:30 GMT
3rd lot target +50 pips	2.0716	Time : 09:15 GMT
4th lot target Folow price	2.0716	Time : 09:15 GMT
Forex trade result	Gain
Pips Result	15 pips

Note:
Wma bounces and price moved fastly but damiani didn't give clear signal to trade even it seem this indicator has shown that cross between red line and green line was forming. The indicator gave clear signal at the next candle. Buy Stop order placed at 2.0716 and 1st target was reached. Market looked too slow so Stop loss moved to break even after 1st target reached. Remaind lots was closed at this b/e. Result for this GBPUSD trade were 15 pips.

Trade 2

Daily open	2.0678
Cross / bonces wma	2.0718	Time : 15:00 GMT
Forex signal	Buy
Damiani volatmeter	Trend formed
Relative strengh index	Above center
Entry point	2.0748	Time : 15:50 GMT
Stop loss	2.0718
1st lot target +15 pips	2.0763	Time : 15:55 GMT
2nd lot target +30 pips	2.0778	Time : 16:05 GMT
3rd lot target +50 pips	2.0748	Time : 18:15 GMT
4th lot target Folow price	2.0748	Time : 18:15 GMT
Forex trade result	Gain
Pips Result	45 pips

Note:
Another chance to trade, when wma 5 cross wma 20 at 15:00 GMT. Placed Buy stop order at 2.0748. Price moved fastly, 1st and 2nd target reached easily. Stop loss moved to b/e. 3rd and 4th lot journey were end at this point at 18:15 GMT. Result 45 pips :)

Trade Oct 30, 2007

2007-10-31T12:28:00.000Z

Journal Of BGX Forex Trading System

Trading GBPUSD October 30, 2007

Daily open	2.0607
Cross / bonces wma	2.0596	Time : 07:30 GMT
Forex signal	Buy
Damiani volatmeter	Trend formed
Relative strengh index	Above center
Entry point	2.0626	Time : 08:05 GMT
Stop loss	2.0605	Below daily open
1st lot target +15 pips	2.0641	Time : 08:45 GMT
2nd lot target +30 pips	2.0656	Time : 10:30 GMT
3rd lot target +50 pips	2.0676	Time : 14:00 GMT
4th lot target Folow price	2.0674	Time : 00:00 GMT
Forex trade result	Gain
Pips Result	143 pips

Note:
Bullish cross wma at 07:30 GMT showed clearly, up trend on GBPUSD still strong (see 4 H chart). Buy stop order at filter price. And stop loss placed 2 pips below daily open. All indicator showed that it was a good signal. Result for this trade was 143 pips.

Trade Oct 26, 2007

2007-10-27T11:54:00.000Z

Journal Of BGX Forex Trading System

Trading GBPUSD October 26, 2007

Daily open	2.0513
Cross / bonces wma	2.0515	Time : 04:00 GMT
Forex signal	Buy
Damiani volatmeter	Trend formed
Relative strengh index	Above center
Entry point	2.0545	Time : 07:00 GMT
Stop loss	2.0515
1st lot target +15 pips	2.0560	Time : 08:00 GMT
2nd lot target +30 pips	2.0545	Time : 09:30 GMT
3rd lot target +50 pips	2.0545	Time : 09:30 GMT
4th lot target Folow price	2.0545	Time : 09:30 GMT
Forex trade result	Gain
Pips Result	15 pips

Note:
Wma bounce signal has shown since at about 04:00 GMT and Damiani indicator didn't give any signal to trade. Price started to move up at 06:00 GMT. Waiting damiani show its signal to trade was end when the time point to 06:30 GMT, this indicator started to show that the trend was builded. Place Buy Stop Order to the original filter price +30 pip from wma bounce at 2.0545.
Only take 15 pips profit because price reversed down and touched SL at Break even.

Trade Oct 25, 2007

2007-10-26T14:06:00.000Z

Journal Of BGX Forex Trading System

Trading GBPUSD October 25, 2007

Daily open	2.0490
Cross / bonces wma	2.0474	Time : 07:30 GMT
Forex signal	Buy
Damiani volatmeter	Trend formed
Relative strengh index	Above center
Entry point	2.0504	Time : 10:00 GMT
Stop loss	2.0482	Below wma 100
1st lot target +15 pips	2.0519	Time : 10:05 GMT
2nd lot target +30 pips	2.0534	Time : 10:25 GMT
3rd lot target +50 pips	2.0504	Time : 13:30 GMT
4th lot target Folow price	2.0504	Time : 13:30 GMT
Forex trade result	Gain
Pips Result	45 pips

Note:
Price moved fast enough to touched 1st and 2nd target, SL position move to B/E. But unfortunetly price missed 2 pips to touched 3rd target. At the end price moved down and 3rd and 4th lot closed at B/E. Result 45 pips

Trade Oct 22, 2007

2007-10-23T11:41:00.000Z

Journal Of BGX Forex Trading System

GBPUSD October 22, 2007

Daily open	2.0502
Cross / bonces wma	2.0499	Time : 08:30 GMT
Forex signal	Sell
Damiani volatmeter	Trend formed
Relative strengh index	Below center
Entry point	2.0469	Time : 09:30 GMT
Stop loss	2.0489	Above wma 100
1st lot target +15 pips	2.0454	Time : 09:35 GMT
2nd lot target +30 pips	2.0439	Time : 09:35 GMT
3rd lot target +50 pips	2.0419	Time : 10:05 GMT
4th lot target Folow price	2.0314	Time : 20:10 GMT
Forex trade result	Gain
Pips Result	250 pips

Note:
Cross wma was shown. After saw two candle closed below wma 100, Sell stop order was placed at 2.0469 (filter price). And stop loss was placed some pips above wma 100. It was good trade because price hit 1st and 2nd target fastly, and stop loss moved to B/E after price hit 2nd target and move to +10 pips after it hit 3rd target. Total result was 250 pips for this GBPUSD trade :)

Trade Oct 19, 2007

2007-10-22T13:17:00.000Z

Journal Of BGX Forex Trading System

GBPUSD October 19, 2007

Daily open	2.0446
Cross / bonces wma	2.0455	Time : 09:30 GMT
Forex signal	Buy
Damiani volatmeter	Trend formed
Relative strengh index	Above center
Entry point	2.0485	Time : 10:30 GMT
Stop loss	2.0455
1st lot target +15 pips	2.0500	Time : 12:30 GMT
2nd lot target +30 pips	2.0515	Time : 12:30 GMT
3rd lot target +50 pips	2.0495	Time : 01:00 GMT
4th lot target Folow price	2.0495	Time : 01:00 GMT
Forex trade result	Gain
Pips Result	45 pips

Note:
Another 45 pips profit result for this GBPUSD trade

Trade Oct 18, 2007

2007-10-19T10:51:00.000Z

Journal Of BGX Forex Trading System

GBPUSD October 18, 2007

Daily open	2.0386
Cross / bonces wma	2.0406	Time : 08:00 GMT
Forex signal	Buy
Damiani volatmeter	Trend formed
Relative strengh index	Above center
Entry point	2.0436	Time : 08:30 GMT
Stop loss	2.0406
1st lot target +15 pips	2.0451	Time : 08:40 GMT
2nd lot target +30 pips	2.0466	Time : 08:45 GMT
3rd lot target +50 pips	2.0436	Time : 09:05 GMT
4th lot target Folow price	2.0436	Time : 09:05 GMT
Forex trade result	Gain
Pips Result	45 pips

Note:
Up trend was shown before wma 5 bounces off wma 20 at 2.0406. But it still safe to wait confirmation from Damiani indikator. Buy Stop order was placed at 2.0436 when damiani began to cross eachother and the price began bounce from 78.6% fibo retracement 30 minutes chart.

Trade Oct 17, 2007

2007-10-18T10:57:00.000Z

Journal Of BGX Forex Trading System

GBPUSD October 17, 2007

Daily open	2.0316
Cross / bonces wma	2.0314	Time : 07:30 GMT
Forex signal	Buy	Heading wma 100
Damiani volatmeter	Trend formed
Relative strengh index	Above center
Entry point	2.0371	Time : 12:20 GMT
Stop loss	2.0341	Wma 100
1st lot target +15 pips	2.0386	Time : 12:30 GMT
2nd lot target +30 pips	2.0371	Time : 12:35 GMT
3rd lot target +50 pips	2.0371	Time : 12:35 GMT
4th lot target Folow price	2.0371	Time : 12:35 GMT
Forex trade result	Gain
Pips Result	15 pips

Note:
Price was ranging, stop order placed 2 point above previous higher candlestick. Only 15 pips result from this trade, even there was another chance to place another buy stop order buy it was to risk.

Trade Oct 16, 2007

2007-10-17T00:06:00.000Z

Journal Of BGX Forex Trading System

GBPUSD October 16, 2007

Daily open	2.0413
Cross / bonces wma	2.0420	Time : 05:30 GMT
Forex signal	Sell
Damiani volatmeter	Trend formed
Relative strengh index	Below center
Entry point	2.0390	Time : 07:20 GMT
Stop loss	2.0413	Daily 0pen
1st lot target +15 pips	2.0375	Time : 07:20 GMT
2nd lot target +30 pips	2.0360	Time : 07:30 GMT
3rd lot target +50 pips	2.0340	Time : 07:45 GMT
4th lot target Folow price	2.0380	Time : 08:25 GMT
Forex trade result	Gain
Pips Result	105 pips

Note:
The sign of123 early entry signal was shown but not completed before 3 candles closed. So entry point/filter still placed-30 pips below cross wma. But it's giving a good signal to place sell stop order below wma 100 earlier.

Trade Oct 15, 2007

2007-10-16T11:34:00.001Z

Journal Of BGX Forex Trading System

GBPUSD October 15, 2007

Daily open	2.0342
Cross / bonces wma	2.0343	Time : 06:00 GMT
Forex signal	Buy
Damiani volatmeter	Trend formed	after bounces
Relative strengh index	Above center
Entry point	2.0373	Time : 09:50 GMT
Stop loss	2.0343	Bounces wma
1st lot target +15 pips	2.0388	Time : 10:05 GMT
2nd lot target +30 pips	2.0403	Time : 10:10 GMT
3rd lot target +50 pips	2.0423	Time : 10:55 GMT
4th lot target Folow price	2.0410	Time : 13:15 GMT
Forex trade result	Gain
Pips Result	132 pips

Note:
Wma bounces signal shown at 06:00 GMT and first touched entry at 2.0373 must be delayed because damiani volatmeter indicator hasn't given signal yet to trade.

Price give another second chance to place entry at the same point. Price went up but it reversed down and then rebound from 50% fibo retracement. Down to 5 minutes chart, a bullish harami was shown. It was a good sign to place buy stop order at 2.0373. - Good strategy, good indicator, good result :)

Trade Oct 11, 2007

2007-10-12T10:45:00.000Z

Journal Of BGX Forex Trading System

GBPUSD October 11, 2007

Trade 1

Daily open	2.0389
Cross / bonces wma	2.0395	Time : 06:00 GMT
Forex signal	Sell
Damiani volatmeter	Trend formed
Relative strengh index	Below center
Entry point	2.0365	Time : 07:00 GMT
Stop loss	2.0389	Daily open
1st lot target +15 pips	2.0350	Time : 07:05 GMT
2nd lot target +30 pips	2.0365	Time : 07:15 GMT
3rd lot target +50 pips	2.0365	Time : 07:15 GMT
4th lot target Folow price	2.0365	Time : 07:15 GMT
Forex trade result	Gain
Pips Result	15 pips

Note:
Damiani volatmeter indicator helped from loss, trade to early could make loss and touched stop loss at daily open

Trade 2

Daily open	2.0389
Cross / bonces wma	2.0394	Time : 10:30 GMT
Forex signal	Sell
Damiani volatmeter	Trend formed
Relative strengh index	Below center
Entry point	2.0364	Time : 12:00 GMT
Stop loss	2.0389	Daily open
1st lot target +15 pips	2.0349	Time : 12:20 GMT
2nd lot target +30 pips	2.0334	Time : 12:30GMT
3rd lot target +50 pips	2.0354	Time : 14:05 GMT
4th lot target Folow price	2.0354	Time : 14:05 GMT
Forex trade result	Gain
Pips Result	65 pips

Note:
After hit 1st and 2nd target, price reverse and hit trailing stop loss at 2.0354 closed each with 10 pips profit result

Trade Oct 10, 2007

2007-10-11T11:46:00.000Z

Journal Of BGX Forex Trading System

GBPUSD October 10, 2007

Trade 1

Daily open	2.0386
Cross / bonces wma	2.0385	Time : 06:30 GMT
Forex signal	Buy
Damiani volatmeter	Trend formed
Relative strengh index	Above center
Entry point	2.0415	Time : 07:10 GMT
Stop loss	2.0385	wma cross
1st lot target +15 pips	2.0430	Time : 07:45 GMT
2nd lot target +30 pips	2.0445	Time : 08:15 GMT
3rd lot target +50 pips	2.0465	Time : 09:45 GMT
4th lot target Folow price	2.0442	Time : 10:30 GMT
Forex trade result	Gain
Pips Result	122 pips

Note:
Another good result from this forex wma signal. Result 122 pips

Trade Oct 09, 2007

2007-10-10T14:18:00.001Z

Journal Of BGX Forex Trading System

GBPUSD October 09, 2007

Daily open	2.0351
Cross / bonces wma	2.0337	Time : 08:30 GMT
Forex signal	Sell
Damiani volatmeter	Trend formed
Relative strengh index	Bellow center
Entry point	2.0322	Time : 09:00 GMT
Stop loss	2.0337	wma cross
1st lot target +30 pips	2.0292	Time : 09:30 GMT
2nd lot target +50 pips	2.0272	Time : 11:30 GMT
3rd lot target +75 pips	2.0289	Time : 14:00 GMT
4th lot target Folow price	2.0289	Time : 14:00 GMT
Forex trade result	Gain
Pips Result	146 pips

Note:
Good Move for GBPUSD result 146 pips

Trade Oct 08, 2007

2007-10-09T12:16:00.000Z

Journal Of BGX Forex Trading System

GBPUSD October 08, 2007

Trade 1

Daily open	2.0420
Cross / bonces wma	2.0416	Time : 05:10 GMT
Forex signal	Sell
Damiani volatmeter	Trend formed
Relative strengh index	Bellow center
Entry point	2.0386	Time : 08:05 GMT
Stop loss	2.0420	wma cross
1st lot target +15 pips	2.0371	Time : 08:05 GMT
2nd lot target +30 pips	2.0386	Time : 11:05 GMT
3rd lot target +50 pips	2.0386	Time : 11:05 GMT
4th lot target Folow price	2.0386	Time : 11:05 GMT
Forex trade result	Gain
Pips Result	15 pips

Trade 2

Daily open	2.0420
Cross / bonces wma	2.0383	Time : 14:30 GMT
Forex signal	Sell
Damiani volatmeter	Trend formed
Relative strengh index	Bellow center
Entry point	2.0353	Time : 15:30 GMT
Stop loss	2.0383	wma cross
1st lot target +15 pips	2.0342	Time : 17:00 GMT
2nd lot target +30 pips	2.0353	Time : 18:30 GMT
3rd lot target +50 pips	2.0353	Time : 18:30 GMT
4th lot target Folow price	2.0353	Time : 18:30 GMT
Forex trade result	Gain
Pips Result	15 pips

Note:
Only result total 30 pips from 2 trades, price always bounces after hit 1st target and touche stop loss at b/e ( SL moved to b/e after hit 1st target)

Trade Oct 04, 2007

2007-10-05T13:07:00.000Z

Journal Of BGX Forex Trading System

GBPUSD October 04, 2007

Daily open	2.0324
Cross / bonces wma	2.0305	Time : 08:30 GMT
Forex signal	Buy
Damiani volatmeter	Trend formed
Relative strengh index	Above center
Entry point	2.0365	Time : 13:15 GMT
Stop loss	2.0345	2 pips below wma 100
1st lot target +15 pips	2.0380	Time : 13:20 GMT
2nd lot target +30 pips	2.0395	Time : 14:10 GMT
3rd lot target +50 pips	2.0415	Time : 14:30 GMT
4th lot target Folow price	2.0390	Time : 15:25 GMT
Forex trade result	Gain
Pips Result	115 pips

Note:
Entry point placed far away from cross wma, because this trade heading wma 100. After saw the candlesticks closed above wma 100. GBPUSD Buy stop order to entry placed 2 pips above higher price at 2.0365.

Trade Oct 03, 2007

2007-10-04T11:41:00.000Z

Journal Of BGX Forex Trading System

GBPUSD October 03, 2007

Trade 1

Daily open	2.0405
Cross / bonces wma	2.0419	Time : 05:00 GMT
Forex signal	Sell
Damiani volatmeter	Trend formed
Relative strengh index	Below center
Entry point	2.0400	Time : 07:45 GMT
Stop loss	2.0420	wma cross
1st lot target +15 pips	2.0385	Time : 08:20 GMT
2nd lot target +30 pips	2.0370	Time : 08:40 GMT
3rd lot target +50 pips	2.0350	Time : 08:45 GMT
4th lot target Folow price	2.0390	Time : 09:40 GMT
Forex trade result	Gain
Pips Result	105 pips

Note:
1-2-3 candlestick shown after wma cross. It's possible to took early entry before price touched filter.

Trade 2

Daily open	2.0405
Cross / bonces wma	2.0396	Time : 13:00 GMT
Forex signal	Sell
Damiani volatmeter	Trend formed
Relative strengh index	Below center
Entry point	2.0389	Time : 14:00 GMT
Stop loss	2.0402	2 pips above daily open
1st lot target +30 pips	2.0359	Time : 14:30 GMT
2nd lot target +50 pips	2.0339	Time : 16:00 GMT
3rd lot target +75 pips	2.0327	Time : 01:30 GMT
4th lot target Folow price	2.0327	Time : 01:30 GMT
Forex trade result	Gain
Pips Result	204 pips

Note:
After price bounced off wma 100 line, bearish cross wma occured and another 123 candlestick shown after wma cross. Good signal and more aggressive target.

Trade Oct 02, 2007

2007-10-03T12:04:00.000Z

Journal Of BGX Forex Trading System

GBPUSD October 02, 2007

Daily open	2.0440
Bonces wma	2.0418	Time : 05:30 GMT
Forex signal	Sell
Damiani volatmeter	Trend formed
Relative strengh index	Below center
Entry point	2.0388	Time : 06:00 GMT
Stop loss	2.0418
1st lot target +15 pips	2.0373	Time : 06:05 GMT
2nd lot target +30 pips	2.0388	Time : 06:30 GMT
3rd lot target +50 pips	2.0388	Time : 06:30 GMT
4th lot target Folow price	2.0388	Time : 06:30 GMT
Forex trade result	Gain
Pips Result	15 pips

Note:
Actually cross wma occured at 2.0434 and entry point 2.0404, but Damiani Volatmeter wasn't giving any signal to trade. After price bounced off wma 20, there was a signal from Damiani that trend began to formed.

Trade Sept 28, 2007

2007-10-01T12:58:00.000Z

Journal Of BGX Forex Trading System

GBPUSD September 28, 2007

Daily open	2.0269
Cross / bonces wma	2.0234	Time : 08:00 GMT
Forex signal	Buy	Heading daily open
Damiani volatmeter	Trend formed
Relative strengh index	Above center
Entry point	2.0279	Time : 09:30 GMT
Stop loss	2.0254	15 pips below daily open
1st lot target +15 pips	2.0294	Time : 09:40 GMT
2nd lot target +30 pips	2.0309	Time : 09:50 GMT
3rd lot target +50 pips	2.0329	Time : 10:00 GMT
4th lot target Folow price	2.0442	Time : 03:00 GMT
Forex trade result	Gain
Pips Result	258 pips

After price down and wma 20 bounces off wma 100. It gave strong signal to buy, because another pair like EURUSD gave same signal as GBPUSD. But the price was heading daily open at 2.0269. The 3 candlesticks closed above daily open was a good sign to place order at 2.0279 at 4th candlestick. Because cross wma to far from entry point so stop loss move at 15 pips below daily open.

Trade Sept 27, 2007

2007-09-28T11:57:00.000Z

Journal Of BGX Forex Trading System

GBPUSD September 27, 2007

Daily open	2.0152
Cross / bonces wma	2.0150	Time : 03:00 GMT
Forex signal	Buy
Damiani volatmeter	Trend formed
Relative strengh index	Above center
Entry point	2.0180	Time : 06:00 GMT
Stop loss	2.0158	2 pips below wma 100
1st lot target +15 pips	2.0195	Time : 06:15 GMT
2nd lot target +30 pips	2.0210	Time : 06:20 GMT
3rd lot target +50 pips	2.0230	Time : 06:45 GMT
4th lot target Folow price	2.0231	Time : 15:50 GMT
Forex trade result	Gain
Pips Result	146 pips

This trade gave good result. Price moved fastly without many volatility. All target was reached and executed with +146 pips profit.

Trade Sept 26, 2007

2007-09-27T11:45:00.000Z

Journal Of BGX Forex Trading System

GBPUSD September 26, 2007

Trade 1

Daily open	2.0182
Cross / bonces wma	2.0176	Time : 07:30 GMT
Forex signal	Sell
Damiani volatmeter	Trend formed
Relative strengh index	Below center
Entry point	2.0146	Time : 08:25 GMT
Stop loss	2.0169	2 pips above wma 100
1st lot target +15 pips	2.0131	Time : 08:25 GMT
2nd lot target +30 pips	2.0146	Time : 08:30 GMT
3rd lot target +50 pips	2.0146	Time : 08:30 GMT
4th lot target Folow price	2.0146	Time : 08:30 GMT
Forex trade result	Gain
Pips Result	15 pips

After hit 1st target and closed profit +15 pips, Stop loss of remain three lots move to breakeven at 2.0146. Price reverse and touched this stop loss. Looking for another re-entry. Shown that lower price was 2.0128. So the 2nd entry point must be at 2 pips below this price at 2.0126

Trade 2

Daily open
Cross / bonces wma
Forex signal	Sell
Damiani volatmeter	Trend formed
Relative strengh index	Below center
2nd Entry point	2.0126	Time : 09:00 GMT
Stop loss	2.0146
1st lot target +15 pips	2.0111	Time : 09:05 GMT
2nd lot target +30 pips	2.0126	Time : 09:10 GMT
3rd lot target +50 pips	2.0126	Time : 09:10 GMT
4th lot target Folow price	2.0126	Time : 09:10 GMT
Forex trade result	Gain
Pips Result	15 pips

Price so volatility this 2nd trade end just like 1st trade result +15 pips.

Trade Sept 25, 2007

2007-09-26T11:31:00.000Z

Journal Of BGX Forex Trading System

GBPUSD September 25, 2007

Daily open	2.0200
Cross/bounces wma	2.0114	Time : 11:30 GMT
Forex signal	Buy	Heading wma 100
Damiani volatmeter	Trend formed
Relative strengh index	Above center
Entry point	2.0144	Time : 12:10 GMT
Stop loss	2.0114	Cross wma
1st lot target +15 pips	2.0159	Time : 13:35 GMT
2nd lot target +30 pips	2.0174	Time : 13:40 GMT
3rd lot target +50 pips	2.0194	Time : 14:00 GMT
4th lot target Folow price	2.0171	Time : 14:47 GMT
Forex trade result	Gain
Pips Result	122 pips

Note:
Even this trade heading to wma 100 line but there were space enough to take partial profit between wma 100 and wma cross.

Trade Sept 21, 2007

2007-09-22T11:44:00.000Z

Journal Of BGX Forex Trading System

GBPUSD September 21, 2007

Daily open	2.0100
Cross wma	2.0101	Time : 07:00 GMT
Forex signal	Buy
Damiani volatmeter	Trend formed
Relative strengh index	Above center
Entry point	2.0131	Time : 07:50 GMT
Stop loss	2.0101	cross wma
1st lot target 15 pips	2.0146	Time : 08:15 GMT
2nd lot target 30 pips	2.0131	Time : 08:35 GMT
3rd lot target 50 pips	2.0131	Time : 08:35 GMT
4th lot target - folow price	2.0131	Time : 08:35 GMT

After hit 1st target +15. Stop loss of 3 lots move to breakevent at 2.0131. Price almost touched 2nd target but price reverses and touched Stop Loss. Result only +15 pips.

Planning to re-entry, wait for consolidate near WMA 100 or WMA 20 as a Support and get re-entry near them. There were a good signal when price bounces off wma 20 many times, but the support wma 100 or daily open too far to place stop loss, and it's very risk. Another way is waiting for bounces wma 5 from wma 20 and place filter to placed re-entry. Another re-entry shown at 2.0172.

Trade 2

Bounces wma	2.0142	Time : 11:15 GMT
Forex signal	Buy
Damiani volatmeter	Trend formed
Relative strengh index	Above center
Entry point	2.0172	Time : 13:15 GMT
Stop loss	2.0142	bounces wma
1st lot target 15 pips	2.0187	Time : 13:25 GMT
2nd lot target 30 pips	2.0202	Time : 14:55 GMT
3rd lot target 50 pips	2.0073	Time : 16:40 GMT
4th lot target Folow price	2.0073	Time : 16:40 GMT
Forex trade result	Gain
Pips Result	80 pips

Price hit 1st target +15 pips and 2nd target +30 pips but reversed and touched stoploss of remain lots closed each +10 pips.

Note:
GBPUSD it's too volatility. but EURUSD it's ranging today

Trade Sept 20, 2007

2007-09-21T12:53:00.000Z

Journal Of BGX Forex Trading System

GBPUSD September 20, 2007

Daily open	2.0017
Cross/bounces wma	2.0007	Time : 06:10 GMT
Forex signal	Buy	Heading wma 100
Damiani volatmeter	Trend formed
Relative strengh index	Above center
Entry point	2.0037	Time : 06:40 GMT
Stop loss	2.0015	below daily open
1st lot target	2.0052	Time : 07:15 GMT
2nd lot target	2.0067	Time : 07:20 GMT
3rd lot target	2.0047	Time : 07:50 GMT
4th lot target - folow price	2.0047	Time : 07:50 GMT

After hit 1st target +15 and 2nd target +30 pips and closed each potition. Stop loss of remain 2 lots move +10 pips from breakevent at 2.0047. Price almost touched 3rd target but reverse and touched stop loss each closed with 10 pips. Total +65 pips.

But another pair like EURUSD given the same BUY signal with this GBPUSD. Planning to re-entry, wait for consolidate near WMA 100 or WMA 20 as a Support and get re-entry near them. The chance was comming, when price near WMA 100 line and reverse from it (See 5 minutes chart) Re- entry placed at 2.0063.

Trade 2

Entry point	2.0063	Time : 08:15 GMT
Stop loss	2.0031	2 pips below wma 100
1st lot target	2.0078	Time : 08:30 GMT
2nd lot target	2.0093	Time : 08:30 GMT
3rd lot target	2.0073	Time : 09:00 GMT
4th lot target Folow price	2.0073	Time : 09:00 GMT
Forex trade result	Gain
Pips Result	130 pips

Like trade on the 1st time, price hit 1st and 2nd target but reversed and touched stoploss of remain lots closed each +10 pips. All profit result +130 pips

Note:
The price was so volatility. Planning re-entry must wait for consolidate and wait price close enough to support or resistance like wma 100 daily open or wma 20 and then wait for a pullback to place orders.

Trade Sept 19, 2007

2007-09-20T11:45:00.000Z

Journal Of BGX Forex Trading System

GBPUSD September 19, 2007

Daily open	2.0116
Cross/bounces wma	2.0131	Time : 07:15 GMT
Forex signal	Sell	Heading wma 100
Damiani volatmeter	Trend formed
Relative strengh index	Below center
Entry point	2.0101	Time : 07:35 GMT
Stop loss	2.0118	Above daily open
1st lot target	2.0086	Time : 07:45 GMT
2nd lot target	2.0101	Time : 07:50 GMT
3rd lot target	2.0101	Time : 07:50 GMT
4th lot target - folow price	2.0101	Time : 07:50 GMT

After hit 1st target +15 pips and closed at 2.0086. Stop loss of remain 3 lots move to breakevent at entry point 2.0101. Unfortunetly the BGPUSD price pullback and hit it. All close 0 pips.
Find another way to re-entry at lower of previous price at 2.0076. Place Sell Stop Order 4 lots again at 2 pips below lower of previous candle at 2.0074.

Trade 2

Entry point	2.0074	Time : 08:30 GMT
Stop loss	2.0101
1st lot target	2.0059	Time : 08:45 GMT
2nd lot target	2.0044	Time : 09:00 GMT
3rd lot target	2.0024	Time : 09:05 GMT
4th lot target Folow price	2.0015	Time : 17:35 GMT
Forex trade result	Gain
Pips Result	169 pips

Note:
Move stop loss too early in GBPUSD can made loss some pips opportunity. The price was so volatility.

Trade Sept 18, 2007

2007-09-19T11:40:00.000Z

Journal Of BGX Forex Trading System

GBPUSD September 18, 2007

The important news economic event was released today -US Interest Rate Statement -.
Even it is not recommended to trade using this forex strategy on this economic event, but this strategy has made a good result for today.

Trade 1

Daily open	1.9932
Cross/bounces wma	1.9923	Time : 12:00 GMT
Forex signal	Buy	Heading wma 100
Damiani volatmeter	Trend formed
Relative strengh index	Above center
Entry point	1.9966	Time : 12:30 GMT
Stop loss	1.9932
1st lot target 1.9949	1.9981	Time : 13:00 GMT
2nd lot target 1.9934	1.9966	Time : 13:30 GMT
3rd lot target 1.9914	1.9966	Time : 13:30 GMT
4th lot target Folow price	1.9966	Time : 13:30 GMT
Forex trade result	Gain
Pips Result	15 Pips

Note:
Entry point should be at 1.9953 but wma 100 is to close with the entry point.
A. It's good signal that the candle closed above wma 100.
B. Wait a pullback to wma 100 and get entry at 1.9966. touched the 1st target +15 pips and stop loss of remain lots move to breakevent at 1.9966. Price down fastly and touched Stop Loss.
C. This candle still close above wma 100, it's a good signal to place another order to higher price of the previous candlestick

Trade 2

Daily open	1.9932
Higher price breakout	1.9997	Time : 13:00 GMT
Forex signal	Buy
Damiani volatmeter	Trend formed
Relative strengh index	Above center
Entry point	1.9999	Time : 17:00 GMT
Stop loss	1.9954	2 pip below wma 100
1st lot target	2.0014	Time : 17:300 GMT
2nd lot target	2.0029	Time : 18:00 GMT
3rd lot target	2.0049	Time : 18:00 GMT
4th lot target Folow price	2.0115	Time : 02:00 GMT
Forex trade result	Gain
Pips Result	211 pips

Note :
It's good signal that all candlestick close above wma 100, so another 4 buy stop orders put at 2 pip above higher price previous candle at 1.9999.
A good trading using this forex strategy :)

Trade Sept 17, 2007

2007-09-18T11:41:00.000Z

Journal Of BGX Forex Trading System

GBPUSD September 17, 2007

Daily open	2.0062
Cross/bounces wma	1.9994	Time : 15:15 GMT
Forex signal	Sell
Damiani volatmeter	Trend formed
Relative strengh index	Below center
Entry point	1.9964	Time : 15:40 GMT
Stop loss	1.9994
1st lot target 1.9949	1.9949	Time : 15:45 GMT
2nd lot target 1.9934	1.9934	Time : 15:50 GMT
3rd lot target 1.9914	1.9954	Time : 16:55 GMT
4th lot target Folow price	1.9954	Time : 16:55 GMT
Forex trade result	Gain
Pips Result	60

Price bounces at 61.8% to follow the previous trend

Note:
Price touched 1st and 2nd target fastly, but not touched the 3rd at 1.9914. After touched the 2nd target stop loss move to +10 pip from entry point at 1.9954. The 3rd and 4th lot closed position in this point.

Trade Sept 13, 2007

2007-09-13T12:38:00.000Z

BGX FOREX TRADING SYSTEM JOURNAL
Date	September, 13 2007
Currency Pair	EURUSD
Cross wma 5 / 20	1.3893	Time 08:30 GMT
Forex Signal	Buy
Daily Open	1.3894
Damiani Volatmeter	Trend formed
Relative Strenght Index	Above center line
Entry Point	1.3918	Time Hit : 08:50 GMT
Stop Loss	1.3893	Time Hit : 10:30 GMT
1st Target Point +15	1.3893
2nd Target Point +30	1.3893
3rd Target Point +50	1.3893
4th Target Point	1.3893
Forex Trade Result	Loss
Total Result	-100

Note:
Bad day :)

Trade Sept 12, 2007

2007-09-13T12:22:00.000Z

BGX FOREX TRADING SYSTEM JOURNAL
Date	September, 12 2007
Currency Pair	EURUSD
Bounces wma 5 / 20	1.3853	Time 08:30 GMT
Forex Signal	Buy
Daily Open	1.3836
Damiani Volatmeter	Trend formed
Relative Strenght Index	Above center line
Entry Point	1.3878	Time Hit : 11:00 GMT
Stop Loss	1.3853	Time Hit :
1st Target Point +15	1.3893	Time Hit : 15:00 GMT
2nd Target Point +30	1.3908	Time Hit : 15:30 GMT
3rd Target Point +50	1.3894	Time Hit : 00:00 GMT
4th Target Point	1.3894	Time Hit : 00:00 GMT
Forex Trade Result	Gain
Total Result	77

Note:
After hit 1st target, Stop loss move to BEP at Entry point. Price hit second target and stop loss move to +10 pip from entry point. Candle shown that price goes slow, Another bearish cross, so it's time to close all two lots at 1.3894.

Trade Sept 11, 2007

2007-09-12T13:15:00.000Z

BGX FOREX TRADING SYSTEM JOURNAL
Date	September, 11 2007
Currency Pair	EURUSD
Cross wma 5 / 20	1.3792	Time 09:00 GMT
Forex Signal	Buy
Daily Open	1.3791
Damiani Volatmeter	Trend formed
Relative Strenght Index	Above center line
Entry Point	1.3817	Time Hit : 08:00 GMT
Stop Loss	1.3792	Time Hit :
1st Target Point +15	1.3832	Time Hit : 13:00 GMT
2nd Target Point +30	1.3830	Time Hit : 01:00 GMT
3rd Target Point +50	1.3830	Time Hit : 01:00 GMT
4th Target Point	1.3830	Time Hit : 01:00 GMT
Forex Trade Result	Gain
Total Result	54

Note:
After hit 1st target, Stop loss move to BEP at Entry point. Price almost hit second target but it pull back and it wasn't touched. Another bearish cross, so it's time to close all three lots at 1.3830