26 June 2009 - Who will win the battle?

26 June 2009 - 8.00 AM (Malaysia).

Fun-The-Mental

No red news today.. Today trading purely based on technical...

Technical:

4Hr Trend - Still Uncertain (it may go up & it may go down)..
I need to wait for confirmation @ 12.00 noon today.
So i have no swing trade position now (btw.. my swing trade yesterday hit stop loss)...
If the 4Hr Trend confirmed the Direction; i will reassess 1Hr TF for entry...

Scalp Trade: Will look for opportunity today from 11.00 Am to 11.00 Pm (Malaysia).

What happen to my Descending Triangle Patterns on 4Hr?
The patterns still intact.. No clear breakouts.. I will monitor this patterns until i see clear breakouts - To assess clear strong direction...

Update: 1.00 PM

4Hr Trend: Still Uncertain.. No clear direction..
No swing Trade Until I determine the clear 4Hr Direction.. Let the market decide..
Will see 4Hr completed candle @ 4.00 Pm for Clue

Possible scalp trade is coming.. Short..

Update 4.50 PM..

No Scalp Trade.. Uncertain 4Hr Trend (??? Up.. )..
Need to wait another 3Hr for decision @ 8.00 PM for clue..

Update 8.05 PM

4hr Trend: Uncertain.. I guess, no swing trade till next week.
Enter short scalp trade.... awaiting outcome.. Let the market decide

By Owner of Caripips Blog.