Brendan's Trading Ideas

Resistance formed at 1.6000.
MACD has signal sell.

Sell GBPUSD at 1.5884
Stop level at 1.6010
Target level at 1.5600

Closed the trade at 1.5713, profit is 171 pips.
 

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Sell USDCAD at 1.0660.
Stop level at 1.0720
Target level at 1.0540
 

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“BL TS System” is our proprietary forex trading system — Different currency pairs have different behaviors and characteristic and this change in different seasons of the year.

BL TS system is a FX Behavioural Strategy. BL TS system tracks recent behavior and characteristic of the currency pairs, then uses this information to track buy and sell signals. This system is suitable for all kind of market conditions and different currency pairs.

A typical time horizon of a trade is between 5 hours to 36 hours. Trading opportunity from this system can occur in different time zones.
 
Long term support level formed at 0.9950.

Buy USDCHF at 1.0033
Stop level at 0.9900
Target level at 1.0300
 

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hi brendan, and well done agsain mate :clap:

just wondering why you closed the trade? as gbp looks strong this morning, also are you moving yiur stops as if you are closing out early your risk reward is not great so these wins could easily be taken out by one loss or do you never take a full loss

my opinion is a system is just a system if it has a tiny edge your ahead but if you break the rules of the system or dont follow them then you are doomed as a trader

sorry just my thoughts but well done good trade nice support trade
 
Resistance formed at around 1.3150 by 200 days moving average.
Proven indicators have signal sell.

Sell EurUsd at 1.3062
Stop level at 1.3200
Target level at 1.2900
 

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Support level formed at 0.9980.
Stochastic has signal buy.

Buy USDCAD at 1.0024
Stop level at 0.9930
Target level at 1.0200
 

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Resistance holding well at 115.32
EURJPY is trading in a downtrend.

Sell EURJPY at 112.60
Stop level at 116.00
Target level at 108.00
 

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Support level formed at 0.9980.
Stochastic has signal buy.

Buy USDCAD at 1.0024
Stop level at 0.9930
Target level at 1.0200

Closed USDCAD at 1.0135, profit is 111 pips.

Original trade:
Buy USDCAD at 1.0024
Stop level at 0.9930
Target level at 1.0200
 
Buy AUDUSD at 0.9860
Stop level at 0.9790
Target level at 1.0100
 

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  • AUDUSD Forex Trading.jpg
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Resistance formed at 1.0250.
Stochastic has signal sell.

Sell USDCAD at 1.0190
Stop level at 1.3000
Target level at 1.0000
 

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  • USDCAD Learn Forex.jpg
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Resistance formed at 115.30.
Stochastic has signal sell.
EURJPY chart shows downtrend.

Sell EURJPY at 113.69
Stop level at 116.00
Target level at 112.00
 

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  • EURJPY Forex Trading.jpg
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