10 July 2009 @ 8.00 AM (Malaysia)
Fun-The-Mental
GBP Positive @ 4.30 PM
USD Negative @ 8.30 PM
Technical
4Hr Trend - Up... However the PA suggest Bear.. I want to see Both support each others..
I exit both my long trade with 100 pips profit. I enter that Long Trade @ 12.00 MN; my initial target is @ 152.7x & 153.xx... But Daily Momentum suggest Daily Retracement Is Over... So i decide to stay aside until i see clear clue...
At the moment; i want to wait for
1. HgL at 4Hr TF...
2. If price move to 153.xx... I want to see price action at that level ? Bounces or Breaks?
Updated @ 4.10 PM
Swing point of HgL appeared @ 12.00 Noon & i get further confirmation of this HgL @ 4.00 PM Candle today.. If price moving higher than this HgL level; then bull in control. But at the moment i believe Bear In Control... Daily Momentum & Latest 4Hr Momentum support the Bear....
This morning i saw momentum reading suggest the daily retracement is over. Today @ 1.00 PM, 1Hr TF confirmed that retracement is Over... This add the positive point for Bear...
The next support is at 149.7xx.. If this price broken; I will see 4Hr & 1Hr line up, then i expect price will shoot down 400-500 pips & retest the previous LgL...
My bias is Bear... I'm waiting for 149.7xx support to be broken; before add another SHORT trade (swing trade) . I have 2 post from SCALP TRADE SETUP for SHORT. I don't care if the price Hit SL because the MM is within my emotional Level...
I hope GBP news at 4.30 PM will support the above views..
By Owner of Caripips Blog
Fun-The-Mental
GBP Positive @ 4.30 PM
USD Negative @ 8.30 PM
Technical
4Hr Trend - Up... However the PA suggest Bear.. I want to see Both support each others..
I exit both my long trade with 100 pips profit. I enter that Long Trade @ 12.00 MN; my initial target is @ 152.7x & 153.xx... But Daily Momentum suggest Daily Retracement Is Over... So i decide to stay aside until i see clear clue...
At the moment; i want to wait for
1. HgL at 4Hr TF...
2. If price move to 153.xx... I want to see price action at that level ? Bounces or Breaks?
Updated @ 4.10 PM
Swing point of HgL appeared @ 12.00 Noon & i get further confirmation of this HgL @ 4.00 PM Candle today.. If price moving higher than this HgL level; then bull in control. But at the moment i believe Bear In Control... Daily Momentum & Latest 4Hr Momentum support the Bear....
This morning i saw momentum reading suggest the daily retracement is over. Today @ 1.00 PM, 1Hr TF confirmed that retracement is Over... This add the positive point for Bear...
The next support is at 149.7xx.. If this price broken; I will see 4Hr & 1Hr line up, then i expect price will shoot down 400-500 pips & retest the previous LgL...
My bias is Bear... I'm waiting for 149.7xx support to be broken; before add another SHORT trade (swing trade) . I have 2 post from SCALP TRADE SETUP for SHORT. I don't care if the price Hit SL because the MM is within my emotional Level...
I hope GBP news at 4.30 PM will support the above views..
By Owner of Caripips Blog
2 comments:
Salam bro, test guna momentum pg td @ TFDaily, dok buat TL @ momentum, nmpk spt mmntum up, kalu mmntm pecah atas + CS bullish, plan nk msk long je, bleh layan gak indi nih.. apa2pun yg penting kna fhm CS & Pattern juga la ye... TQ
Salam Bro Putra..
Mungkin cara saya guna momentum lain sikit.. sebab so far, cara saya guna belum ada dalam technical analysis textbook..
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