Wednesday, February 18, 2009

GBP/USD Pair @ 11.55 am (Malaysia)


BUY Area - 1.4243 - (My target is 1.4350. Next posibility to reach 1.4603)

SELL Area - 1.4203 - (My target is 1.4100. Next may drop to 1.4050).

Trading range is between 1.4050 - 1.4603.

Yesterday both BUY and SELL Area met but fail to reach my target.

1. SELL Area met at 1.4233 and stop at 1.4123 (Given 110 pips only). As I said if fail to break 1.4050, candle will rebound to find Mr. Pivot and met my BUY Area at 1.4273 after performed a doji signal. Who noticed this got more 180 pips and congratulations for those who got this opportunity. Same to my frens who used archi indicator and gain double profit... wow archi methode is marvelous and already got 140% in 5 trading days. I've been using it for scalping and harvesting pips in a busket every hours. But you have to know the trends and confirm it at M30/M5 charts before use it - becarefull.

2. BUY area met at 1.4273 and close at 1.4310 (my target is 1.4350 - different 40 pips only). But who ever used Archi indi got double profit.

So what next - my predictions today:

Remember that this is only my predictions and only use for my student to get at least guarenteed 60 pips. I am not responsibility for this predictions because it is use with a relevan indicators. If you use it for your trading tips and met your target, I wish you congratulations. But if you fail it your problems not me, because you are not my student.

Ok let see H4 chart at this moment:

At this very moment at 1.10 pm Malaysia clock all candle are below middle band of BB. Candle is trying to break Mr. Pivot at 1.4223. The Market is rangging and RSI7 is below 50% and looks like the pivot will be penetrate easyly. If fail candle will up back to find middle band. I'm not enter a positions right now because it is not confirm yet.

BB is already in flat conditions - better use archi methode to scalp that mean use M5 chart to scalp and use this sign on stoch and RSI.

1. Low To Buy

2. High To Sell

Take 10 - 30 pips a trade and dont wait for more pips.

On this H4 charts - the trend is still in Bearish configurations but still in consilidations from 1.4123 movement yesterday. If break 1.4050 candle will drop to test 1.3850. If this happen no doubt candle will test this year Low at 1.3500 area in few days. If 1.4050 not broken the candle will when back to find Mr. Pivot to test 1.4300 area or further up to test 1.4603.

Let see this happen today and please use the relevan indicator before you enter your positions.

Be a discipline trader not speculative trader. Remember this set your target 60 - 100 pips a day. Don't wait hundreds of pip, unless you sit infront of the computer 24 hours a day... i'm not doing that, because we have many thing to do beside trading FX.

Until then Good Luck and Allah Hu.

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