I have moved this blog to the new site at (1) www.KoonLip.com, where I continue to chronicle my life journey after 26, and (2) www.ForexAsiaAcademy.com, where you see my graduates LIVE results.
Forex Asia Academy 2009
Friday, May 30, 2008
Forex Strategy Creation Course
These are my Forex First Leaders who had taken my Forex Strategy Creation Course. This course is a very unique one as I taught traders how to create Forex strategy by identifying market phenomenon and big price changes. These are extremely exclusive sessions that you won't be able to hear the key concepts covered anywhere else in Asia.
Organised by: Forex Asia Academy
Thursday, May 29, 2008
100 pips on GBP/JPY
Despite the fact of 9-pips bid-ask spread on the GBP/JPY, I bought into the currency pair using one of my mechanical strategy.
Expecting a risk-reward ratio of 450% (PT-180/SL-40), my trade did not exit at my predetermined PT or SL. Instead, I closed it manually at 100 pips. Not bad, still 250% RRR.
GBP/JPY - Long @ 206.40, Closed @ 207.40 (100 pips)
Tuesday, May 27, 2008
70 pips within 90 minutes!
When I'm preparing my notes for my Forex Strategy Creation Session, I entered into the trade using some technical indicators.
Given the risk-reward ratio of 292% (PT-70/SL-24), it exited nicely and got executed at predetermined profit take with 70 pips within the next 90 minutes!
GBP/USD - Short @ 1.9822, Closed @ 1.9752 (70 pips)
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