Originally posted at www.stocksforliving.com
Sebuah catatan trading dari Stocksforliving untuk rekan2 semua. Gfroce Trading
System (C) memberikan high probability untuk map the market.
Thursday, 12 November 2009 00:00
TRADING DIARY
GBPUSD RESULT
How
I profit from British Pound (GBPUSD) by made perfect Short Trade as
suggested in our research. Net profit 357 pips, US$ 5.580 in 2 day.
Again
I am happy to say that the beauty of trading with GFORCE TRADING SYSTEM
© is we can map the price movement. You can make a perfect extreme
trade entry in any markets, any timeframe and any circumstances. I
traded British Pound on November 10, 2009 since we identified the high
probability short opportunity at the end of wave b. I traded 3 lots
with 300 pips expected profit target. I will show you how to make a
good short in my trade yesterday.
Picture 1.1
(Click the picture to open the original size)
In
GFORCE TRADING SYSTEM © we have to map the price movement before open
the order. Picture above is a map of the British Pound in daily time
frame. We can see the possible a,b,c correction in progress and
approaching the end of wave B at retracement 78.6% and will experience
intermediate term bearish trend to 1.52. Based on this information I
assumed the upside of British Pound was very limited. The oscillator
has entered extreme area (Overbought) together with price position at
retracement 78.6%. I did time calculation using the astrology cycle and
found the end of wave B was met with 60 days of earth cycle, therefore
I saw the vibration of price may happened around November 11 – 13,
2009. Short trade was considered to be taken that day.
Then,
I open my intermediate time frame chart to decide precision entry
point. Hourly chart is the most objective time frame to determine entry
strategy. In the midday of November 12, 2009 British Pound hourly chart
still showed strong upside power. I put sell limit at 1.6742 and sell
stop at 1.6697. I have plotted the possible of the end of wave b at
1.6740 – 1.6775. The order done as price dropped during BOE Inflation
Report and sharply decline more than 100 pips in 15 minutes. This
signed my trading decision not against the market trend.
Analysis and Checklist
System
GFORCE TRADING SYSTEM © by Gema Merdeka Goeyardi, Stocksforliving Indonesia.Ltd
Momentum
The
major trend oscillator was entering overbought area when price reached
retracement 78.6%. Intraday pattern, Hourly formed bullish reversal
and this indicated the last upside movement before reversal.
Pattern
Possible the end of Wave B from daily chart at retracement 78.6% and will
follow by downside wave C.
Price
Price reach wave B at my range 78.6% Internal Retracement, 100% Alternate Price
Projection and 127.2% External Retracement.
Time
The length of wave B met 60 days earth cycle and this may be a reversal time.
Trading Result
Entry at 1.6697 1 lot | 1.6742 2 lot
T/P at 1.6540
Net Profit 357 Pips - US$ 5.580
Picture 1.2
(Click the picture to open the original size)
We
can see the wave C has formed 3 movements in hourly chart and the
oscillator entered extreme area (Oversold). I decided to close the
order to protect the profit before British Pound starts rebound. This
two days trading was perfect because of patience and very good
preparation to capture a big move. As William D Gann said, the big
money comes from big trend. I prefer to wait until the hourly chart
stop climb and short it rather to have long position in minor upside
movement from bottom A to top B.
Have a good trade.
Stocskforliving Indonesia,Ltd
g...@stocksforliving.com This e-mail address is being protected from spambots.
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Last Updated on Thursday, 12 November 2009 09:47
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