24 June 2009 - GJ Opinion

24 June 2009 @ 8.05 AM (Malaysia).

Fun-The-Mental.. Apa yang ada?

6.00 PM - GBP Neutral Red News
8.30 PM - USD Negative Red News
9.30 PM - GBP Inflation Report Hearings
10.00 PM - USD Positive Red News
10.45 PM - GBP - BoE Gov Speaks
2.15 AM - FOMC Statement

Wow.. today we have lots of Red News..

Technical

4Hr Trend - Undetermined.. No clear direction. Need to wait for further confirmation @ 12.00 Noon

Descending Triangle Patterns - Support Bear; also need to wait for further confirmation..

Current Resistance Level: 157.1xx - 157.5xx..

Current Action: Wait... Stay Sideline until 12.00 Noon..

Update 12.10 Noon:

4Hr Trend - Confirmed Up Trend @ 12.00 Noon... So will look for BUY opportunity until proven otherwise. 4Hr Momentum - Strong Untuk Push Up. 1Hr Momentum suggest retracement. So im expect to see Price shoot another 200 pips Up. Best entry at 1Hr Retracement.
So enter Swing Trade (Long).. Wait n see for Hit SL or TP..

No Scalp Trade

Update 4.40 PM

4Hr Trend Still Up..
My Current Position Trade Is Free Ride.. Wait for Price HIT 2nd Post TP (Win). or SL (Breakeven).. Lots of news today.. We may see lots of volatility today

Update: 6.20 PM..

As expected.. GBP News Neutral.. So purely guna technical.. So mlm nie kita akan jumpa news berjujuk sampailah FOMC statement..

Update 8.00 PM

4Hr Trend: Still Up.. No sign of Turning Down...
Momentum .. Suggest New High before 12MN..

My current Position Still Intact.. Aim for 200 Pips TP..

Update 10.30 PM

US News Positive --- Menjadi Bad for Dollars..
Decide to Exit The Long Trade with positive pips (Just take what the market give)...
Nampak macam Descending Triangle mungkin mencari --- Round Tujuh..

Harap akan nampak petunjuk yang lebih terang jam 12.00 MN..


Reminder:

"Never assume that a trend has ended until there are clear sign that the opposite trend has started"


By Owner Of Caripips Blog.