Trader Diary

posting suspension again …

Ghareb — Tue, 27 Oct 2009 04:30:34 +0000

I will suspend the updates to the blog for unknown period, I got a job at big firm and now I really didnt have anytime for the blog

so I will give it some rest and will post too as I found a time

see you soon my diary …

I’m Baaack

Ghareb — Thu, 01 Oct 2009 15:45:23 +0000

I’m back from the glorious vacation, those were two beautiful weeks

I’m ready and hungry to work again, will post the updates later today …

Central Bank of Egypt Cuts it’s rate again by 25 bps

Ghareb — Fri, 18 Sep 2009 05:51:23 +0000

bank MPC statement here

WED 16 SEP 09/26 Ramadan Wrap/ Eid Mubarak

Ghareb — Wed, 16 Sep 2009 17:46:16 +0000

another 0.9% up leg in this small congestion printed today by EGX and impulsive run by other middle east exchanges

I closed 4 positions today before the Eid holiday (Sunday, Monday) and because they begin to retreat after touching the upper boundary of their sideways action

and they’re: SUGR, IDEA, ETRS, UNIP and I’m very lucky in them cuz all of them are profitable specially SUGR regardless their short lives

and from the watch list posted yesterday 3 positions only triggered to gain some profits from this Eid run: IRON, ABRD, CEFM

I didn’t scan the charts today cuz I will not be available the next week, I will be in holiday trip to calm my mind and will follow my trades via phone

TUE 15 SEP 09/25 Ramadan Wrap-up

Ghareb — Tue, 15 Sep 2009 21:42:00 +0000

finally the middle east markets agreed on something and closed green today except Doha Exchange and the best performer was TADAWUL, yeah it’s weird I know

today no position closed but three new positions triggered in: NCGC, CSAG, ECAP

now we’ve 12 active positions 4 MT and 8 ST, 6 in green and 6 in red

some stocks to watch for breakout and the modified weekly watch list