Friday 13 February 2009

Getting over the Bubu

As I'm typing this, I'm currently in a trade - using Bubu! I've never been fully comfortable with Bubu, in fact my biggest loss to date has been on a delayed Bubu which reversed and only completed 5 days later. Ever since that loss, I've been extremely wary of Bubu. The recent newbie class, however, really helped my understanding of Bubu.

There was actually an activation of Bubu a few days ago, which I didn't take, because I didn't feel right about it. Despite the fact that there was also a 3Abd, I saw there were a few trendlines in the way and wasn't confident enough to take the trade. The Bubu actually completed a few hours later, but that's okay. Belum tah rezeki tu.

But this morning, I saw an activation of Bubu, combined with a break of SRDCI and 3Abd, with a potential of 80 pips! After checking that all conditions were favourable, I set my target for a modest 30 pips. And whaddya know! My trade just closed and I managed to harvest 30 pips. Alhamdulillah =D

This just goes to show that you won't be able to understand everything after one class. It's taken me 4 classes and numerous conversations with my submentors and fellow traders to be totally comfortable with Bubu. The forum has also been extremely useful as there have been a number of posts regarding Bubu lately. That's one of the things I love about our little trading community - you'll never know everything there is to know, but there is no shortage of traders who are generous with their guidance! No such thing as being karit with knowledge here!

So, that's another win in my pocket. Looking forward to many more!

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