Wednesday, July 23, 2008

Minda Aku pada 23 July 2008 @ 2.00 PM.

















4Hr: Waiting for direction...











1Hr: Waiting for direction...











15M: waiting for direction..

My bias for today obviously just looking for short; so my trading plan today..
1. Monitor 15M chart - development of head and shoulder patterns; breakouts suggest 15M dah mula...

2. Monitor 1Hr chart - development of wedge patterns.. break the circle; confirmation of bear suggest 1Hr bear dah mula..

3. Monitor 4Hr chart - development of wedge patterns.. break the red line; confirmation of bear suggest 4Hr bear dah mula..

Note: Apa berlaku kalau price makin naik atas; no position until i see clear trend & direction..

Update: 2.30 PM; 15M Head & shoulder no more valid; price failed to break neckline & make new high above the left shoulder...

Please Take Note: We expect BULL change to BEAR because we see WEDGE patterns & divergence.. But enter position on anticipate the patterns will change to Bear without confirmations mean; We are Fighting Against The Trend..

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