GBP/USD Pair Today

SELL Area - 1.4401 (my target is 1.4095. After that 1.3914).

BUY Area - 1.4441 (my target is 1.4600. After that is 1.4750).

TIP FOR TODAY : Gbp - Chartwise, gbp is going to test old low. Sell on rally is the only choice.



Salam and Hi...

Last Friday my Buy Area met at 1.4297 and met my first target at 1.4380. Then break my second target at 1.4550 before stop at 1.4603 - some of you really enjoyed 300 pips. After that the candle drop back to find Mr. Pivot again, because it fail to open above R2 at 1.4557, but only manage to close at 1.4350 (MIG Chart) supposed to reach Mr. pivot at 1.4278. I wish the candle will met at 1.4278 on monday - looks like candle close Low and may performed a gap. As long as 1.4051 hold (not broken) the candle will try to test 1.5000 level (lates only reached at 1.4986 on 9th. February 2009) But if candle manage to break 1.4051 today or within few days, candle deffinately will test the 23 year Low at 1.3500 sooner or later. BOE already plan to change thier currency rate. Let wait for my today predictions after new candle has perform at 8.00 am (Malaysia Clock).

The trading range is still between 1.4051 - 1.5000 - I will update my predictions at 11 am (malaysia clock) or later. Have to do some personal works early in the morning.

Until then Salam from me !!!

Allah Hu.

TIPS FROM VAHID - weboma :

Tip of the day:

Find the Reason of Your Failure!

Most of you have been practicing and working so hard to learn forex. I am sure most of you are smart and intelligent people who have already achieved a lot of things in their lives. But when it comes to forex trading you may be surprised that why you can not make it work.

Forex is really different from all other things you may have done so far. Really really different! For example in most other jobs, the more harder you work and the more hours you spend you get the better result in a shorter time. When you have a programming project, if you spend 10 hours a day you will finish it much sooner than when you spend only 5 hours a day. This is what we know and have in our mind and when we start forex trading we think that the more we sit at the computer and the more trades we do, the better result we will have. But this is not true. Forex is really different!

In forex you have to wait for the market to show you a signal. There is nothing you can do when there is no signal. You just have to wait. Forex needs a lot of patience. For those who are hard working people, forex can be a pain because they can not sit at the computer and watch the market and do nothing. When they sit and wait for one or two hours and get bored and tired, their mind and subconscious takes the control and make them think that there is a signal whereas there is no good signal.

If you have been working very hard to learn forex and you have not been able to learn it yet, just stop trading, reading and practicing for a while and analyze your actions and trades. Try to think and find the reason of your failure. Let me tell you that in most cases the system that you use is not the reason. Most of you have good systems that the others are making money with them. The reason is something else. The reason is in you and your behavior and mind. You are the only one who can solve this problem. Just sit and think and analyze. There is something that have to be found out.