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Anticipation of a forex beginner!!!!

  • #1
  • First Post: Dec 5, 2006 10:04am Dec 5, 2006 10:04am
In this thread,I will try to post my own expectation for the daily GBPUSD price.These are only my own expectation,I found this idea usefull for me to follow the market,and may be later on I will assess the accurecy of my predictions of this pair,as cable is my favorite one.

Thanks,for all members of this forum,they learned me a lot about forex.

Note: those predictions will include the dirction of price only.
i.e Bearish or bullish.
atheer1
  • #2
  • Dec 5, 2006 6:20pm Dec 5, 2006 6:20pm
FOR THIS DAY:

Wed,6th,Dec,2006

Prediction:GBPUSD:BEARISH daily candle.
atheer1
  • #3
  • Dec 6, 2006 4:42am Dec 6, 2006 4:42am
Based on my prediction for this day Wed,6th,2006:

I entered Short on GBPUSD pair:

Price: 1.9731
Time: 01:10 GMT
Amount: 0.2 Lots
S/L: 1.9787
T/P: 1.9635
Closed: at 1.9669 manually,10:33 GMT
Net P/L: 62*2=+124 pip

For this trade,when I closed I was at great FEAR of retracement of the price,although it was moving in my favour,just when the Indusrtial Production released out of UK,but frankly speaking I was not PATIENTCE to stay in the market any more.Few minutes later when I was out the price hit my planned target at 1.9635 then moved 5 pips more to 1.9630.I was very sory not to have those pips.Any way my trade was positive for 62 pips,that was not bad for a day.This story is just to remind you that EMOTIONS have great effect on trading performance.

THANKS,
atheer1
  • #4
  • Dec 6, 2006 6:24pm Dec 6, 2006 6:24pm
FOR THIS DAY:

Thu,7th,Dec,2006

Prediction:GBPUSD:BEARISH daily candle.

Note:not comfortable with this but I will take it.
atheer1
  • #5
  • Dec 6, 2006 8:01pm Dec 6, 2006 8:01pm
Hi,

What do you think if you share the method u used to make that today is bearish or bullish (this will much for a forex beginner) and to enter the market on certain level I.E:
I entered Short on GBPUSD pair:

Price: 1.9731
Time: 01:10 GMT
Amount: 0.2 Lots
S/L: 1.9787
T/P: 1.9635

since the thread is for a forex beginner and not a journal, I guess it will be great.if you just posting sell or buy on certain level, people have to adapt your style,method,time which is not suitable for other trader.It is decent thread since u start it with Emotion,Patient,and Fundamental as a part of trading not only charting and forexfactorying ( open FF website,search for the posting about cable or Eur,read about other trader action on the web and follow them.I know some people did this way (LOL) ).geez hope they are not find this on..Btw..just an idea.I woke up on the morning just to see my trade, and read your posting..Geeezz.Never though my morning brain is such a genious.ohh this is hard for a lazy trader like me.
  • #6
  • Dec 6, 2006 9:10pm Dec 6, 2006 9:10pm
Quoting atheer1
.
Thats a tight avatar brother!
  • #7
  • Dec 6, 2006 9:13pm Dec 6, 2006 9:13pm
Sounds as though you're taking the same trades that I am off the daily chart. I use a tri bollinger system with absolute fibonacci (for setting tp usually right on the money), elder ray and rsx. What are your decisions based on?
Quoting atheer1
FOR THIS DAY:

Thu,7th,Dec,2006

Prediction:GBPUSD:BEARISH daily candle.

Note:not comfortable with this but I will take it.
  • #8
  • Dec 6, 2006 11:11pm Dec 6, 2006 11:11pm
Hello Parlenk,

I am starting this thraed,to test a new method to predict the direction of the day,I am just starting to test it,when a good mount of data gathered so as to see the the method is working or not,then at this time it will be worthy to disclose it or not.Thanks for your opinion.

Atheer1

Quoting parlenk
Hi,

What do you think if you share the method u used to make that today is bearish or bullish (this will much for a forex beginner) and to enter the market on certain level I.E:
I entered Short on GBPUSD pair:

Price: 1.9731
Time: 01:10 GMT
Amount: 0.2 Lots
S/L: 1.9787
T/P: 1.9635

since the thread is for a forex beginner and not a journal, I guess it will be great.if you just posting sell or buy on certain level, people have to adapt your style,method,time which is not suitable for other trader.It is decent thread since u start it with Emotion,Patient,and Fundamental as a part of trading not only charting and forexfactorying ( open FF website,search for the posting about cable or Eur,read about other trader action on the web and follow them.I know some people did this way (LOL) ).geez hope they are not find this on..Btw..just an idea.I woke up on the morning just to see my trade, and read your posting..Geeezz.Never though my morning brain is such a genious.ohh this is hard for a lazy trader like me.
atheer1
  • #9
  • Dec 6, 2006 11:20pm Dec 6, 2006 11:20pm
Hello Taxgeek,
Thanks for your post,my prediction have nothing to do with indicators,it is nice to have another one who takes the same trades taken in this thread.I have to tell you,those trades are just a test of a new very simple method,i hope that at the end I will reach a conclusion,works or not?

Thanks,
Atheer1


Quoting taxgeek
Sounds as though you're taking the same trades that I am off the daily chart. I use a tri bollinger system with absolute fibonacci (for setting tp usually right on the money), elder ray and rsx. What are your decisions based on?
atheer1
  • #10
  • Dec 7, 2006 4:55pm Dec 7, 2006 4:55pm
For this day:Thursday,7th,Dec,2006

I entered Short on GBPUSD pair:

Price: 1.9663
Time: 01:12 GMT
Amount: 0.2 Lots
S/L: 1.9723
T/P: 1.9563
Closed: at 1.9652 manually,14:32 GMT
Net P/L: 11*2=+22 pip

This trade was closed Premature,because I am a doctor and at that time I had my emergency room call,so I left my trading station,went to my job.Later on this trade gave the potential of 50 pips profit.

Thanks,
Atheer1
atheer1
  • #11
  • Dec 7, 2006 6:27pm Dec 7, 2006 6:27pm
FOR THIS DAY:

Fri,8th,Dec,2006:

My method gives no clear direction;but there was little inclination toward BEARISH daily candle in GBPUSD pair.
atheer1
  • #12
  • Dec 7, 2006 7:50pm Dec 7, 2006 7:50pm
Quoting atheer1
FOR THIS DAY:

Fri,8th,Dec,2006:

My method gives no clear direction;but there was little inclination toward BEARISH daily candle in GBPUSD pair.
Dude, the 8th is NFP day. Employement is up almost 30 K for the US, I'm pretty sure GBP/USD will break though 1.9633 with this data and head south to 1.9540. The 4 hour trend is also in a strong sell, the NFP almost never goes against the 4 hour trend.
  • #13
  • Last Post: Dec 8, 2006 1:56pm Dec 8, 2006 1:56pm
FOR THIS DAY:FRIDAY,8TH,DEC,2006

I entered short on GBPUSD pair:

Price: 1.9626
Time: 00:10 GMT
Amount: 0.2 Lots
S/L: 1.9686
T/P: 1.9526
Closed: 1.9567 automatically(hit trailing stop),13:32 GMT
Net P/L: 59*2=+118 pip

This day was a crazy day,no doubts,I was stopped out from reaching my target by the trailing stop I put behind the market just before the release of the NFP (15 pip TS) few minutes later the market reached 1.9530 four pips away from the target,then after retracement the market got crazy to blast up to 1.9683 the same hour,then to 1.9705,1.9726 the next 2 hours respectively,to got crazy again sliding down to 1.9507 passing my target,and recostructing the BEARISH daily candle as expected before.

Thanks for reading,
Atheer1

Note: Times in the previous post are -1 hour to be correct.
atheer1
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