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DAILY PREDICTION FOR GBP/USD PAIR

Thursday, January 22, 2009

Thursday, Jan 22, 2009 - 09:34AM ( GMT +8 )


Congratulation for yesterday profit when ever price moved down to my prediction target 1 at 1.3671 but price only make lowest at 1.3618. So, profit about 377 pips!

Today price open at 1.3873 above the Pivot. Target today more on buy position and my prediction target are :

BUY AREA : 1.3878
TP1 : 1.4024

TP2 : 1.4130

TP3 : 1.4276


SELL AREA : 1.3762

Anyway, the major trend still bearish, but the lowest yesterday may be the reversal signal to bullish.

Always trust yourself, trade what u see from the chart, don't trade what u think and use your own prediction and compare with my prediction......

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Performance Report - Mar 5, 2009

How to make consistent profits in forex trading – it’s easier than you think

One of the most amazing thing I have found out is that, most amateur Forex traders believe that the results of the Forex market is not random, yet they can't seems to produce consistent profits. Shouldn't a nonrandom market produce inconsistent results and a random market produce consistent results?

Every professional Forex traders understand that every individual trade is a unique even, where the outcome is random relative to the last trade or the next trade. New Forex traders must know that in each individual trade, there will be a random, unpredictable distribution between winning and losing. But on a collective basis just the opposite is true. If a large number of trades are executed, patterns will emerge that produce a consistent, predictable, and reliable outcome.

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