Online Forex Trading - Tim's Progress Emails

Tim was a novice to Forex Currency Trading when he enrolled with BCP.

With his permission, we have posted a series of his progress emails and his official Trade Reports to give you an idea of how this brand new Forex Trader has progressed throughout our 1-on-1 Forex Currency Trading Program.

Journal Entry 1 »	Journal Entry 7 »
Journal Entry 2 »	Journal Entry 8 »
Journal Entry 3 »	Journal Entry 9 »
Journal Entry 4 »	Journal Entry 10 »
Journal Entry 5 »	Journal Entry 11 »
Journal Entry 6 »

Thursday August 16th 2007

Hal and Stephen,

I improved my small demo account by about 10% between 17:00 and midnight.

Still made some poorly thought out trades, but they turned out ok because I moved my stops way out. (~ 60 pips) so they still traded through the corrective waves alright. The pattern of the gbp/usd looked like the gbp/jpy I had success with earlier in the evening, but I did not count right and took shorts in wave 2, 4, and 5 which could have ended up bad. After re-evaluating the ew I placed the stop higher than the previous wave 4 of 3 and went to bed.

The wave 5 did finally take off and I met my price target of the previous wave 5 of 3.

I may not be the quickest, although I know I can learn and become proficient.

Thanks again, for the coaching. It's working,

Tim

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Tuesday August 21st 2007

After seeing what I could do in our trading session Friday morning, I’ve referred several personal friends to your site so far and talked to most of my family about the success I had last week with you and the BCP program.

Here is the log of trades beginning on Thursday the 16th through today. You can see that on the 17th your coaching in the trade session made a big difference. I was able to make twice the profit in my successful trades than I had in losses in poor trades. About $1,450 vs about ($600), and that was my first time in your trading session.

This is really exciting. The trading session helped start things really clicking in my head, and I can clearly see how, with refinement of the BBR and EW strategies, I can be trading live soon. Some people take years to get to this point. I know I was impatient for a while, but It feels so good to be feeling such confidence now, after six months. I'm looking forward to more of your demo trading sessions.

Thanks,

Tim

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Wednesday August 22nd 2007

Hi Stephen,

Sorry I didn’t check my email last night. I wanted to start a new account to get a fresh start.

I did notice the drastic changes beginning just about midnight and then at 6am like you told me, so I’m planning to get in position an hour before then, and recheck the EW and BBR statuses and just trade those hours. It’s easy for (me) to get caught up trying to make up for missed opportunities and spend all night. I’ve created a check list and I’m going to do my best to follow it and trust in the EW count.

Last nights trading would have been much better for me had I pulled back and confirmed (the scenario’s that ended up negative) the plan was meeting it’s objectives before getting back in. I waited for the first one to meet the criteria, made 10% of my account in about 30 minutes, and then became a little nervous about the count. Mostly because I don’t have it completely nailed down yet. I will though, which should build confidence to follow my readings and be prepared for alternate counts so I can get out early if I’m wrong.

Thanks again for yours and Hals coaching!

I am grateful for this (and you) coming into my life and know if I pay my dues in time, energy, and sharing my success with others, I too will be able to offer others the opportunity to make a DIFFERENCE in their lives, their families, and others lives.

With financial freedom, good people will do great things.

A very exciting time and effort to be a part of.

Tim

Wednesday August 22nd 2007

Stephen,

I’ve cc’d you and Hal on some introduction emails I have sent to my greater network of friends. I want everyone to know about what I am accomplishing with this program. I want them to have the same opportunity that I am having, to change their lives also.

I feel it is a sincere attempt to share some great hope and success with others that I have received through your training courses.

I didn't want to tell all of my friends and family about this until I knew it was going to work. I see it now, and your forex coaching program deserves the attention. This is the general body of the letter I am sending to all of my network:

___________

Hi Matthew,

I was approached by a neighbor last December about his FOREX training company and what FOREX trading has done for him personally and others once they complete his guaranteed training course.

He showed me some impressive results of using the knowledge gained in his training and what it was about his course that sets it apart from the courses available (and some beginning information for free) from all of the Brokers out there, who I have learned only train you to make them lots of spread fees and to loose your account.

To make it a short story after 6 months of effort and weekly one on one training over the phone I have reached the point where following what I've learned from Business Coach Pros I have been able to watch for the right signals and increase my demo account by 10% in less than an hour. My coach has had similar, but even greater experiences like that. Last week he doubled his $10,000.00 account to more than $20,000 in the same amount of time. He is using the same trading strategies that my friend taught him, which they are now teaching to me.

That in mind, I wanted to share this information with you.

You can find out more on his website:

http://www.businesscoachpros.com/

Stephen is my neighbor and a great guy. I had never traded before, so this was all new to me. I was a little impatient and in a rush in the beginning, but now see that the foundation gained up to this point and the experience gained along the way are necessary, and now enable me to begin to see the triggers that go into being successful.

Contact him via the web site and he'll be happy to go into detail what he does to give his students the tools to be successful with the potential of dramatically changing their lives.

Have a great day and say hi to the family for me.

Talk to you later,

Tim

Thursday August 23rd 2007

Hi Stephen and Hal,

Thanks again for being so patient with me, reminding me to start with the BBR indicator, do the Fibonacci ratios to forecast wave lengths,, and to position my stops in the positive after passing wave 2, then to sit back and relax, trust the BBR-EW strategy, and watch the pips come in.

This mornings trade is still not complete, but I expect it to reach the 38.2 ratio which means another 65 pips or so. That will be about $4600 from one trade, loading the margin as you showed me. And now, with my reverse trade in post wave 5 to duplicate this, or more, after wave 4 completes over the next day. I will more than double my account in this one trade session. I'm still dazed at how much money can be made in such a short time, and I'm not even very good at it yet. I will get even better.

Thanks again for teaching me how pick the high probability trades, for more valuable pip gains.

Tim

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Thursday September 6th 2007

Yesterday I had a little trouble at first, but once I settled down and pulled myself together, I was able to pull it all out and still come up with a profitable trading day. But today, WOW, what a beautiful trading session it has been. I believe I am really getting this. My live account is nearly ready to go. Time to tackle live trading Emotional Transition.

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Thursday September 6th 2007

You're doing very well Tim. You have gotten a great foot hold on Phase one of the growth process--Education. You are also getting a pretty good foot hold on the second phase--Mastery of a strategy as a demo trader. Complete mastery in demo trading is now the key to being best prepared to go live. I believe you are just about ready to start the third level of growth and transition--Emotional Discovery, Refinement, and Self-Dicipline in your chosen trading strategy as a Live Trader.

You will soon be heavily involved, at one stage or another, in each of these three phases of trading growth and development. All you will have left is to take each one of these phases to an Advanced Level of Forex Education, Demo Trading Mastery, and Live Trading. There is yet a Quantum Leap to be taken in all three areas.

My congratulations to you for how well you have done to this point. Your success is thrilling. I will gently caution you, however, to be careful not to get too over-confident and excited. You will find that this can also become an emotional weakness, as it may set you up to commit the trading sin of Emotional Complacency, in demo or live trading, that leads to compromise of rules and safe guards. Remember, it only takes one bad run away trade to loose much or all of what you have gained. Remember the rules of responsible risk management that you have learned, as you transition to becoming a live trader.

You are doing great though. Well done!
Stephen Story

Thanks Stephen for your email of congratulations and gentle reminders,

I know that there are a lot of things that I have yet to learn, and that my emotions and discipline are areas I still need to have a great deal more control over, especially when I go live soon, not to mention the subtle nuances of pattern recognition.

I can’t say sufficiently, however, how grateful I am for you introducing this knowledge to me.

Thanks again,
Tim Walker

Thursday October 18th 2007 - First Live Trading
Email Subject: 1st night live trading + $33 and change, or about a 10% increase

Hi Stephen,

I finally got my live account set up and I was watching the triangle complete last night and caught wave 1 just as it broke out and then was not expecting such a quick return after the 2:30 announcement.

I did get out, however, as it stalled but did not take the reverse trade, and after watching it I was not sure when it was going to turn around for wave 3, so I went to bed and missed out but like you say, be happy for your good trade, and making decisions based on facts you have confirmed rather that chasing the price hoping it will go your way.

I'm busy with the deer hunt through Sunday night and will have to pick it up then with my real account. I'll continue to test out where I think it will go based on wave count and BBR strategy. I was hoping to catch the upcoming BBR on the 4H but it looks like it will happen when JPN comes on tonight and I'll be busy with other things.

All in all not a bad first live trade.

Tim

Wednesday October 24th 2007
Email Subject: Second day trading live...Account up over 25%

I just got back from a cold and snowy hunting trip and this morning I was able to get back to trading. This was my second live trading session, but I had to cut it short to go to work this morning, so I closed my trade. I was having a hard time leaving for work because I was so excited about the trade and where I had a pretty good idea it was going, but I dicided to close the position and bank the gains I already had (about 70 pips) before going to work. If I could have stayed I would have gained another 70+ pips. I can't wait to become an expert on all of the material you've presented so far and then on to the advanced class.

Thanks for all your support.

Tim

Friday November 16th 2007
Email Subject: Demo & Live Trading results 11-1-07 through 11-16-07 = $50,000 & + 20%

Hi Stephen and Hal,

I'm continuing to grow in my understanding and application of the tools you've taught. Two weeks ago my demo account began at $10K and is now over $50K, even if I took the loss that shows in the one outstanding trade. My live account is also up about 20% on Friday.

There are definitely different emotions involved when you trade a live account. I can't wait to make enough to get the further training regarding emotions, fears, etc. as well as professional level forecasting. All in all, I'm so excited I can hardy sleep. Trading live is openning my eyes to new things about myself. I'm beginning to understand that there is much more I don't know. I'm really happy to be a part of this and look forward to great things we will accomplish.

Thanks,

Tim

Wednesday November 21st 2007
Email Subject: From 10K to over 100K in 11 days

Stephen and Hal,

Here is the report for my demo account for the last eleven days. I started with $10,000 and today the account total is over $100,000 (See my trade report below). I still have two negative trades however, and still I have to learn to not allow a trade to run away. All in all, if I closed out those two negative trades I would still be at $65,000+. I am absolutely amazed at how effective the strategies are that you are teaching me. I have much more that I want to learn from the advanced trading level, but I feel like I am really mastering the strategies I have learned so far. If it can be done in a demo account, it proves that it can be done in a live account also. I am now focusing on learning how to make the emotional transition to profitable live trading.

Tim

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