Welcome to my website. I’m Haitham Alobaidi and my nickname known as haitham653. I live in Amman, Jordan. I’ve been in the fx market since 2007. In this website. I’m gonna share with you my brilliant trades on the EURUSD pair. I might add other currencies later, however; I hope it would help you trade successfully.
In 2007 I started trading the forex. By the end of 2008. I realized that the market doesn’t move randomly… So I decided to back-tested the major currencies, EURUSD, GBPUSD, USDCHF, and USDJPY. By the end of 2008, I began the backtesting on the mentioned pairs. I started with EURUSD using historical data from 2006 until the end of 2008, almost 3 years. I did the backtesting using more than 20 different indicators, on all time frames, from the 1 min till the monthly chart. The idea behind all that. I believed that the market doesn’t move randomly. So I made up my mind to figure it out on my way.
I also did the backtesting on GBPUSD, USDCHF, and USDJPY, I remember, I have over than 200 A4 sheets. I had my notes written on them, probably my circumstances helped me doing this. Anyway; By the end of 2009 I came up with amazing results:
The results are:
1- The market doesn’t move randomly. It moves in patterns and cycles. It differs from one currency to another, for example. The EURUSD may move in pattern “A” in 2 months while the USDJPY makes the same move in 6 months?!!!
2- Technical analysis is a reflection of what is happening in the real world. Let’s take the EURUSD as an example. Anything is happening in the United States and in the European Union that might affect both currencies, you’ll see it on the chart!
3- Each currency pair is a case belonging to these two countries. For example, we can not analyze the Eurodollar the same way we analyze the dollar-yen. Currencies such as metals. Each metal has its qualities. It can take a specific shape for a long time, or it can change from one to another depending on the circumstances surrounding it. The same thing with currencies. The European Union has its circumstances, as well as Japan has its own circumstances, so If we wanna be accurate, the Eurodollar can’t be analyzed the same way as the dollar-yen.
4-EURUSD is the real rhythm of the forex market, and that makes sense. Since the United States and the European Union, the two biggest economies in the world, so If you couldn’t trade the EURUSD, don’t expect good results with other pairs.
5- History repeats itself: I noticed that what happened with the EURUSD for example in Jan 2011. It can happen once again on Jan 2012. Things might take a few years to competently change.
6- The last point, I found out that the psychological part is very important, and without it, don’t expect anything good, I’ll take about that later with details…
What I’m doing here ?!!
I’m just trying to share with you, my experience. I’ll be focusing on the psychological part, how to build a strong momentum to be a successful trader, smart things work well if they well-directed, what could destroy your esteem as trader, unfortunately, more than 90% who trade Forex, believed that forex is just a game of luck or gambling !!!
I’ll do my best to direct you well so you could make your way, but you need to be patient, just believe in yourself.
wishing all the best of luck