18 June 2009: 9.30 AM (Malaysia)
Cerita GJ hari nie bermula dengan Symmetical Triangle semalam; best view kat 15M TF atau 1Hr TF; nampaknya price action selepas patterns ni menyebabkan GJ terjun kebawah. Hari nie; dia retest kat previous TRENDLINE; adakah ini Good Bye Kiss sebelum price terjun semula. Chart untuk Rujukan
Sekarang aku ada dua post untuk short; stop loss & TP dah disetkan. So let the market decide. MM within emotional level. MM masih ada ruang untuk masuk trade jika peluang.
Apa Red News hari nie?
Pagi tadi; aku tak tahu apa yang Mr King cakapkan; apapun; reaction ialah RETRACEMENT.
4.30 PM - Retail Sales (GBP Negative News).
8.30 PM - U .Claims (US Dollar Positive News).
So kita ada satu News bad for GBP & satu News good for US Dollar.
Technical:
4Hr Trend; Masih Downtrend.
Price Bounce (Bullish Engulfing) more than 200 pips up after Reject 120 SMA @ 4Hr.
Sedang menanti masa sesuai untuk Swing Trade.
Perlu hourly monitor
So tungguuu samada ada peluang untuk swing short ker tak hari nie.
So favor aku SHORT sampai 4Hr trend change; buat masa sekarang BEAR
Update 12.00 Noon:
4Hr Trend Established Bear.
1Hr masih Bull - Ini yang menahan price dari pecut kebawah
Hourly monitor untuk Swing Trade
Update: 5.00 PM (Tak dapat assess internet sejam jam 3.30 PM - Siut betul).
4Hr Trend; masih down...
GBP News Negative - Result Negative for GBP.
Dah termissed good Scalp Trade (mungkin takde rezeki)
Action: Menunggu Swing Trade atau Scalp Trade; jika ada retracement mungkin akan ada malam nie. Direction; SELL until proven otherwise. Harap internet tak down lagi lepas nie.
8.40 MLM.. Update
USD News - Positive for Dollar
4Hr Trend - Masih Bear
So far; after missed the boat no good entry point yet.
Reminder:
Never Assume That A Current Trend Ended Until There are Clear Sign That The Opposite Trend Has Started...
Why we focus only on TECHNICAL for ENTRY?
According to George Soros - In forex for a currency to move up or down... due to 3 factors..
1.Inside Factor
2.Outside Factor
3.Completely Unknown Factor
Why?
Inside factor = Direct reason for a move(eg:UK or Japan IR)
Outside Factor= Indirect (eg:US ecnomy is effecting JPY)
Unknown= complete Mystry (know one knows why it moves in a particular direction)
This is why I always rely on a technical strategy rather than a fundamental strategy.
By Owner of Caripips Blog
Cerita GJ hari nie bermula dengan Symmetical Triangle semalam; best view kat 15M TF atau 1Hr TF; nampaknya price action selepas patterns ni menyebabkan GJ terjun kebawah. Hari nie; dia retest kat previous TRENDLINE; adakah ini Good Bye Kiss sebelum price terjun semula. Chart untuk Rujukan
Sekarang aku ada dua post untuk short; stop loss & TP dah disetkan. So let the market decide. MM within emotional level. MM masih ada ruang untuk masuk trade jika peluang.
Apa Red News hari nie?
Pagi tadi; aku tak tahu apa yang Mr King cakapkan; apapun; reaction ialah RETRACEMENT.
4.30 PM - Retail Sales (GBP Negative News).
8.30 PM - U .Claims (US Dollar Positive News).
So kita ada satu News bad for GBP & satu News good for US Dollar.
Technical:
4Hr Trend; Masih Downtrend.
Price Bounce (Bullish Engulfing) more than 200 pips up after Reject 120 SMA @ 4Hr.
Sedang menanti masa sesuai untuk Swing Trade.
Perlu hourly monitor
So tungguuu samada ada peluang untuk swing short ker tak hari nie.
So favor aku SHORT sampai 4Hr trend change; buat masa sekarang BEAR
Update 12.00 Noon:
4Hr Trend Established Bear.
1Hr masih Bull - Ini yang menahan price dari pecut kebawah
Hourly monitor untuk Swing Trade
Update: 5.00 PM (Tak dapat assess internet sejam jam 3.30 PM - Siut betul).
4Hr Trend; masih down...
GBP News Negative - Result Negative for GBP.
Dah termissed good Scalp Trade (mungkin takde rezeki)
Action: Menunggu Swing Trade atau Scalp Trade; jika ada retracement mungkin akan ada malam nie. Direction; SELL until proven otherwise. Harap internet tak down lagi lepas nie.
8.40 MLM.. Update
USD News - Positive for Dollar
4Hr Trend - Masih Bear
So far; after missed the boat no good entry point yet.
Reminder:
Never Assume That A Current Trend Ended Until There are Clear Sign That The Opposite Trend Has Started...
Why we focus only on TECHNICAL for ENTRY?
According to George Soros - In forex for a currency to move up or down... due to 3 factors..
1.Inside Factor
2.Outside Factor
3.Completely Unknown Factor
Why?
Inside factor = Direct reason for a move(eg:UK or Japan IR)
Outside Factor= Indirect (eg:US ecnomy is effecting JPY)
Unknown= complete Mystry (know one knows why it moves in a particular direction)
This is why I always rely on a technical strategy rather than a fundamental strategy.
By Owner of Caripips Blog
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