Pound got pounded!!

I know..hehhe lama da tk update this blog. No more excuses, I'm going back into Forex trading now. Seperti yg aku mention dlm previous entry dl, aku sekarang Long Term (LT) trader. Time frame aku adalah 1D.

Latest trade was GBP/USD pair. Aku amik sell position on 3/6/09 on the basis of momentum indicators giving indication that Pound had been overbought and could potentially consolidates. Indicators yg aku pakai adalah common indicators yg terdapat dlm metatrader4..RSI, Stochastic and Demarker...all pointed out that Pound was overbought.

..and here's the result:



Aku gain 412 pips..alhamdulillah..huhuh.. apart from the technical analysis, fundamental also played apart in the selling off of the cable. Britain's PM Gordon Brown is being pressured to step down by the opposition after scandals of MPs misuse public funding for their own personal interest. Aku closed position manually on 5/6/09..cukupla 400++ pips for 2 days..kire okay la dr biarkan terus floating..huhuhu

Hopefully this will be the start of many more successful trades. InsyaAllah...