Friday, October 16, 2009

GBP/USD Pair @ 06.00 am (Malaysia)

Salam ...

How are you my friends and hope all are in good conditions and please control your GT Habit and please do some jogging and enjoy living. Not just sit infront of the PC all the days long.

Yesterday is a very good trading day for most of my student and some of them got $2100. Wow what a good return and he do it with full of knowledge, patience and discipline. So do some of them just open in few days live account after train 3 month on demo accounts. Traning make prefect and please make your demo accounts as a real one. Please don't forget the basic and see the clock (6 - 10 - 2 - 6 - 10 - 2). What it is man... ops it is just a good formula with one of the discipline in my trading technic.

Ok let see what will happen today. On Daily Chart everything is going up. The market supposed to do some corections. Let see the H4 chart hah hah also in same situations. What happen to weekly chart then.. already touching Mr. BB but too shy to penetrate it. Hourly chart already OB yes already OB but the pattern is " a big flag " must test 1.6320 or further up. So after this spike the CS should make some consolidations.

Anyway let see the small TF and looks like Mr BB is going to do some breaking points and the flag is very big.

So what next if we take all this market habit. I saw this more then 4 years.. yes many-many time. If I'll take all this considerations using Mr Fibo my predictions today in this very early morning in Malaysia is :
(sorry for my bad English).

Trading Range is 1.6000 to 1.6500 area.

1. BUY Area : 1.6203


T1 : 1.6300


T2 : 1.6373 - please dont belive me


T3 : 1.6450 - please dont belive me again. Set your target ok not mine. The market supposed to consolidate in a Rangging market to test 1.6100 area.


2. SELL Area : 1.6161


T1 : 1.6115


T2 : 1.5992


T3 : 1.5917


Allah Hu.

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