1 July 2009 @ 9.10 AM (Malaysia)..
FunTheMental
Red News Today..
GBP Positive @ 4.30 PM
USD Positive @ 8.15 PM
USD Positive @ 10.00 PM
USD Negative @ 10.00 PM
(ha ha ha.. same time but one positive & one negative..??? Jgn tertipu by FF Calendar)
Technical:
Start with Monthly Chart... Main Trend Still Bear.. Price in Retracement Mode.. But today price open above Fibbo 38.2%.. Support by momentum strongly pointing up... i expect price may kiss Fibbo 50% before August start...
4Hr Trend: Uncertain... Possible bearish turning; i will wait @ 12.00 noon to see clear 4hr trend direction. So, I will stay aside until i see clear 4hr trend...
Update @ 1.15 PM
4Hr Trend: Uncertain.. need to wait till 4.00 PM for further clue..
4Hr Trend: Still Uncertain.. So i have to wait another 4Hr to decide the trend...
Update @ 10.00 PM
Red News today; Suggest Strong Pound & Weak Dollar
4hr Trend: Waiting for Confirmation..
Eventhough the chart suggest Bull Incharge. Need to wait for further confirmation..
Scalp Trade On: Aim for 120 pips.. Look promising to win.
By Owner of caripips blog
FunTheMental
Red News Today..
GBP Positive @ 4.30 PM
USD Positive @ 8.15 PM
USD Positive @ 10.00 PM
USD Negative @ 10.00 PM
(ha ha ha.. same time but one positive & one negative..??? Jgn tertipu by FF Calendar)
Technical:
Start with Monthly Chart... Main Trend Still Bear.. Price in Retracement Mode.. But today price open above Fibbo 38.2%.. Support by momentum strongly pointing up... i expect price may kiss Fibbo 50% before August start...
4Hr Trend: Uncertain... Possible bearish turning; i will wait @ 12.00 noon to see clear 4hr trend direction. So, I will stay aside until i see clear 4hr trend...
Update @ 1.15 PM
4Hr Trend: Uncertain.. need to wait till 4.00 PM for further clue..
Update @ 4.05 PM
4Hr Trend: Still Uncertain.. So i have to wait another 4Hr to decide the trend...
Update @ 10.00 PM
Red News today; Suggest Strong Pound & Weak Dollar
4hr Trend: Waiting for Confirmation..
Eventhough the chart suggest Bull Incharge. Need to wait for further confirmation..
Scalp Trade On: Aim for 120 pips.. Look promising to win.
By Owner of caripips blog
8 comments:
dear admin..why you said that the main trend is still bearish ?? r u refering to the 1hr chart ??
Today is 1 July 2009.. I'm refer to monthly chart.. i believe price may kiss fibbo 50% before the month end.. SO there are possibility for me to see free fall of price after GJ kiss 50% fibbo as the major trend (month) is still bearish.. Sorri for the confusion..
i read ur entry b4 this saying tat
" Retracement; Price biasanya suka retrace 1/3.. 1/2 atau 2/3 dari previous move. Satu perkara yang pasti, price suka retrace dan kiss 5 SMA. Bila digabungkan dengan momentum readings, maka aku tahu price radar.."
and i understand it pretty well..but my ques is how do you determine the price retrace only "1/3.. 1/2 atau 2/3 dari previous move"..is it after seing the momentum indi pointing down ??
1 more thing..where do you usually place your fibo? i'm quit new with it..seems like u put it on your h1 chart..
Every start of new bar; i see momentum reading & 5SMA.. for retracement.... In certain occasion I know what will happen to current price bar; before new bar start..Like yesterday; i know in advance that the price may retrace to 158.1xx.. 158.5xx.. And yesterday; GJ did that. I determine this type of retracement everyday..
Another type of retracement is Fibbo Retracement..To plot the Fibbo Retrace.. You need to know what is the current trend.. then for sure you know how to plot fibbo retracement. Retracement is counter trend move.. In classical Uptrend; L - H - Lh - HH.. when price retrace; then you will plot the fibbo from LH to HH... that the basic idea..
cane bro tahu retracement sampai 158.1xx.. 158.5xx.. dgn hanya tgk momentum reading and 5 sma ??
kuchai..
Salam Bro Kuchai..
Cuba cari maklumat kat How To Link.. Rasanya dah pernah rekodkan kat blog nie..
ade ke?? da tgk kat tepi xde pon link tu..:x
kuchai..
dah.. check.. how 2 see retracement may due..
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