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

If you are interested to find our more about me, Forex Trading or my Forex Asia Academy, let me welcome you to my complimentary Forex session. Please feel free to visit my corporate website to find out more. Get in touch with you real soon!
Showing posts with label forex. Show all posts
Showing posts with label forex. Show all posts

Monday, September 22, 2008

My Book Covers


For those who know, I'm going to publish my book soon. While I'm writing the book since n-month (which means been quite sometimes already), I came up with 2 book cover designs and hope to get some feedbacks from the public (which means include you, since you're reading this now)...





















Please drop me an email at kl@klchoo.com to tell me which one you like and let me know comments you have for me. Thanks in advance!  

Tuesday, August 19, 2008

A word of Caution - Greed and Fear

"The market may be unpredictable, but nothing beats you up than your very own greed and fear."

For traders out there, Control yourself. The market knows you very well. Whatever you do, the market will reward you accordingly. Nature could never ever resist your pursuit of freedom, as long you do it the right way.

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)

Thursday, May 22, 2008

Technically 86 pips!



Purely driven by technical indicators, this trade profited me 86 pips with predetermined profit take!

GBP/USD - Long @ 1.9681, Closed @ 1.9767 (86 pips)

Tuesday, May 20, 2008

2 ways to get out - 80 pips + 6 pips

I had been preparing my Forex Strategy Creation course material, and had been in office since 2.30pm.


I keyed in 2 pending order with the same entry point. The only difference is how the trades were planned to exit and close.

GBP/USD - Long @ 1.9596, Closed @ predetermined 80-pips Profit Take 1.9676 (80 pips)
GBP/USD - Long @ 1.9596, Closed @ 30-pips Trailing Stop 1.9602 (6 pips)

Total: 86 Pips

Saturday, May 17, 2008

Friday 72 pips



I traded on the news with a pending order entry and a 25-pips protective trailing stop exit (without profit take).

GBP/USD - Long @ 1.9489, Closed @ 1.9571 (72 pips)

Friday, May 16, 2008

32 pips


GBP/USD - Short @ 1.9440, Closed @ Predetermined Profit Take 1.9408 (32 pips)

Wednesday, May 14, 2008

Technically 131 pips!


Purely driven by technical indicators, this trade reaped me 131 pips over 27 hours!

GBP/USD - Short @ 1.9537, Closed @ 1.9406 (131 pips)

Trailing Stop 57 pips


GBP/USD - Short @ 1.9475, Closed @ 25-pips Trailing Stop 1.9418 (57 pips)

Friday, May 9, 2008

Technical Trading GBP/USD (5 trades)


All GBP/USD trades using technical indicators
1. Short @ 1.9540, Closed @ trailing stop 1.9497 (+43 pips)
2. Trade canceled
3. Short @ 1.9562, Closed @ trailing stop 1.9548 (+14 pips)
4. Short @ 1.9562, Closed @ trailing stop 1.9552 (+10 pips)
5. Short @ 1.9562, Closed @ trailing stop 1.9547 (+15 pips)
6. Short @ 1.9562, Closed @ trailing stop 1.9547 (+15 pips)

Wednesday, May 7, 2008

Trailing Stop - 53 pips

This is one of the mechnical trade I did earlier today. I used this function called the trailing stop, which I set at a protective 15 pips - and this is precisely why you see the stop loss is so low below the entry price (remember this is a short position).

GBP/USD - Short @ 1.9573, Closed @ trailing stop 1.9524 (53 pips)

Saturday, May 3, 2008

Post-NFP - 30 pips each


1. GBP/USD - Short @ 1.9768, Closed @ 1.9738 (30 pips)
2. GBP/USD - Short @ 1.9767, Closed @ 1.9737 (30 pips)

Friday, May 2, 2008

15 pips within 3 minutes

Today is the NFP day. Once again, you can see crazy moves within a short period of time.


GBP/USD - Short @ 1.9776, Closed @ 1.9761 (15 pips within 3 minutes)

19 pips (Because I was late)


This was a late late trade. Firstly, I entered more than 1 hour late (coz I was back late after watching 'Iron Man' with no PDA). Secondly, I exited almost 2 hours late (coz I was chatting with my pal over supper and forgetting about time).

GBP/USD - Short @ 1.9740, Closed @ 1.9721 (19 pips profit)

Thursday, May 1, 2008

46 Winning Pips within 34 minutes

Using the Powerful Forex Strategy I shared during my Forex Mastery Asia session, today's trade was another full profit take.

As I entered 4 minutes later with 4 pips less after the criteria was met. Instead of the full 50 pips, I managed to capture 46 pips. The preset PT was triggered.


GBP/USD - Long @ 1.9777, Closed @ 1.9823 (46 pips)

Wednesday, April 30, 2008

34 + 1 Pips


There are 2 trades in the above statements.

1. 'Options' Straddle Method on GBP/USD - Net 34 pips
(As I was in NAC, I rushed into the trade not seeing clearly which direction to head for. And thus, I used the 'Options' Straddle Method).
  • Long @ 1.9808, Closed @ predetermined stop loss 1.9777 (-31 pips)
  • Short @ 1.9803, Closed @ predetermined profit take 1.9738 (+65 pips)
2. Powerful Strategy I taught on GBP/USD - 1 pips
  • Short @ 1.9742, Closed @ 1.9741 (+1 pips)

Monday, April 28, 2008

4 trades - 255 pips


Despite using the same entry today, I exited 4 similar trades at different profit take.

All GBP/USD trades, from below to top:
(1) Long @ 1.9880, Closed @ 1.9930 (50 pips - manual exit)
(2) Long @ 1.9880, Closed @ 1.9940 (60 pips - manual exit)
(3) Long @ 1.9884, Closed @ 1.9950 (66 pips - predetermined profit take with trailing stop)
(4) Long @ 1.9881, Closed @ 1.9960 (79 pips - predetermined profit take with trailing stop)

Total: 255 pips (1 standard pip = US$10)

p.s.: Trade #4 was exited with the Powerful Strategy I taught at Forex Mastery Asia.
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