13 July 2009 @ 9.30 AM
Fun-The-Mental
No Red News - So the best day to trade using purely technical.
Technical
4Hr Trend - Uncertain..
At the moment; price in rangebound;
Price need to FIRMLY BREAKS 151.2xx for Bull to Control..
If price firmly breaks 149.3xx; then Bear In Control..
Weekly Momentum & Daily Momentum - Support for price moving down...
Chart: The 4Hr Bear interrupted by formation of LgH... If I see HgL; then confirmed; price in UnCertain Phase.. Low Breakouts mean continuation of Bear Trend...
Updated @ 12.15 Noon
4Hr Trend Still Uncertain..
Daily & Weekly Momentum support for Down..
Latest 4Hr Momentum - Weak bearish... Need to wait @ 4.00 PM for Clear info..
Small TF (15M TF) Suggest for Symmetrical Triangle - Possible continuation of Bear Trend after valid breakouts.. Please study how to trade symmetrical triangle for more info... I might trade this chart pattern today...
Updated @ 1.30 PM
After re-study 4Hr TF - I believe if next 4hr Candle (4.00 PM) open below previous LgH Bar @ 148.3xx.. I will have confirmation of 4hr Bear Trend; I believe price ready to shoot 500 Pips after that (Price may kiss 143.xx)... ATM; I'm waiting for latest 4hr candle to complete..
Updated @ 4.15 PM
4Hr Trend - Confirmed Bear.. 1Hr Line Up..
This is the direction that i want to trade today...
Momentum Flat..
But Swing Trade On... May add position if price retrace to 4Hr 5SMA
MM within emotional level; i don't care if price hit SL...
Updated @ 820 PM
4hr Trend - Still Bear. This is the direction i want to trade. At the moment i will assume the 4Hr trend will continue unless proven otherwise..
4hr Momentum - Weak Bearish.. Momentum do not suggest for any new low within next 4Hr..
So i will wait for next 4hr candle for more clue..
If price firmly breaks 149.1xx.. The price in range bound again..
By Owner of Caripips Blog
Note: Saya ada terima email bertanyakan tentang caripips blog; So secara asasnya saya concentrate on current 4Hr Trend (Short-Medium Term Trend). I can decide the trend within 12Hr.. Saya cadangkan guna cara sendiri untuk cari entry. Caripips Blog hanya akan concentrate pada short-medium term trend. Jika sebarang persoalan; sila rujuk email dibawah. Tq for visit this blog.
Fun-The-Mental
No Red News - So the best day to trade using purely technical.
Technical
4Hr Trend - Uncertain..
At the moment; price in rangebound;
Price need to FIRMLY BREAKS 151.2xx for Bull to Control..
If price firmly breaks 149.3xx; then Bear In Control..
Weekly Momentum & Daily Momentum - Support for price moving down...
Chart: The 4Hr Bear interrupted by formation of LgH... If I see HgL; then confirmed; price in UnCertain Phase.. Low Breakouts mean continuation of Bear Trend...
Updated @ 12.15 Noon
4Hr Trend Still Uncertain..
Daily & Weekly Momentum support for Down..
Latest 4Hr Momentum - Weak bearish... Need to wait @ 4.00 PM for Clear info..
Small TF (15M TF) Suggest for Symmetrical Triangle - Possible continuation of Bear Trend after valid breakouts.. Please study how to trade symmetrical triangle for more info... I might trade this chart pattern today...
Updated @ 1.30 PM
After re-study 4Hr TF - I believe if next 4hr Candle (4.00 PM) open below previous LgH Bar @ 148.3xx.. I will have confirmation of 4hr Bear Trend; I believe price ready to shoot 500 Pips after that (Price may kiss 143.xx)... ATM; I'm waiting for latest 4hr candle to complete..
Updated @ 4.15 PM
4Hr Trend - Confirmed Bear.. 1Hr Line Up..
This is the direction that i want to trade today...
Momentum Flat..
But Swing Trade On... May add position if price retrace to 4Hr 5SMA
MM within emotional level; i don't care if price hit SL...
Updated @ 820 PM
4hr Trend - Still Bear. This is the direction i want to trade. At the moment i will assume the 4Hr trend will continue unless proven otherwise..
4hr Momentum - Weak Bearish.. Momentum do not suggest for any new low within next 4Hr..
So i will wait for next 4hr candle for more clue..
If price firmly breaks 149.1xx.. The price in range bound again..
By Owner of Caripips Blog
Note: Saya ada terima email bertanyakan tentang caripips blog; So secara asasnya saya concentrate on current 4Hr Trend (Short-Medium Term Trend). I can decide the trend within 12Hr.. Saya cadangkan guna cara sendiri untuk cari entry. Caripips Blog hanya akan concentrate pada short-medium term trend. Jika sebarang persoalan; sila rujuk email dibawah. Tq for visit this blog.
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