16 July 2009 @ 8.00 AM (Malaysia)
Fun-The-Mental
USD Positive @ 9.00 PM - So i will trade purely technical today..
Technical
4Hr Trend - Still Up... No Sign of Rangebound.. I only will see beginning of rangebound if price firmly breaks 154.5xx...
Price hit 155.15 yesterday; then retrace less than 100 pips.. So at the moment bull still incharge. However, I believe this price level is important; if price closed above this level this week; then bull getting strong.. As long as price closed below this level this week... then; bear still have some hope.. But i don't care because i just trade in direction of 4Hr Trend.. I just want price to retrace before enter any swing trade again...
My Daily Chart telling me; current daily trend is Up...
4Hr TF - Price breaks Double Low Neckline = Sign of End of Bear Trend in 4Hr...
Daily TF - Price breaks HNS neckline = Not a good sign for Bear if I see New Daily High Today..
Updated @ 12.10 Noon
4Hr Trend - Still Up Trend... Last night after re-study all timeframes; i see that 155.0xx is the maximum price can go up this week... Today price bounces from 155.15... Price now in rangebound... If 4Hr trend change to bear; i believe price will retest Double Low... If 4Hr Trend remained up... 1Hr Line up.. i will swing trade with aim to get at least 300 pips...
4Hr formed a HgH now...
Updated @ 4.10 PM
Price still in rangebound... 4Hr Trend Up.. Bearish Turning if price closed below 153.2xx @ 8.00 PM..
USD Positive @ 9.00 PM Tonite... Will update after that... I May enter swing trade anytime soon..
Updated @ 8.20 PM
4Hr Trend Up.. Retracement is Over if @ 9.00 PM; 1Hr candle closed above 154.26...
So My Plan Tonite; if price closed above 154.26 @ 9.00 PM; I will enter the swing trade with TP 200 & 300 Pips...
Updated @ 9.10 PM
4Hr Trend Up.. 1Hr Line Up (open above 154.26).. I Believe Retracement Is Over...
TIC Red News - Bad For US Dollar
Swing Trade On.. Buy @ 154.12 (Near 1Hr 5SMA) SL @ 153.12... 1St post TP 200 Pips & 2nd Post TP 300 Pips..
MM Within Emotional Level.. I don't care if price hit stop loss..
Note: I'm bit busy tomorrow, may not update the blog as usual; however i won't adjust this trade (SL & TP) until it hit TP or SL... unless i saw 4hr trend change to bear...
Reminder: It's not about buy low or sell high; but i believe its about buy at the right time.. either the price is low or high it's doesn't matter as long as i enter at right time...
By Owner of Caripips Blog
Fun-The-Mental
USD Positive @ 9.00 PM - So i will trade purely technical today..
Technical
4Hr Trend - Still Up... No Sign of Rangebound.. I only will see beginning of rangebound if price firmly breaks 154.5xx...
Price hit 155.15 yesterday; then retrace less than 100 pips.. So at the moment bull still incharge. However, I believe this price level is important; if price closed above this level this week; then bull getting strong.. As long as price closed below this level this week... then; bear still have some hope.. But i don't care because i just trade in direction of 4Hr Trend.. I just want price to retrace before enter any swing trade again...
My Daily Chart telling me; current daily trend is Up...
4Hr TF - Price breaks Double Low Neckline = Sign of End of Bear Trend in 4Hr...
Daily TF - Price breaks HNS neckline = Not a good sign for Bear if I see New Daily High Today..
Updated @ 12.10 Noon
4Hr Trend - Still Up Trend... Last night after re-study all timeframes; i see that 155.0xx is the maximum price can go up this week... Today price bounces from 155.15... Price now in rangebound... If 4Hr trend change to bear; i believe price will retest Double Low... If 4Hr Trend remained up... 1Hr Line up.. i will swing trade with aim to get at least 300 pips...
4Hr formed a HgH now...
Updated @ 4.10 PM
Price still in rangebound... 4Hr Trend Up.. Bearish Turning if price closed below 153.2xx @ 8.00 PM..
USD Positive @ 9.00 PM Tonite... Will update after that... I May enter swing trade anytime soon..
Updated @ 8.20 PM
4Hr Trend Up.. Retracement is Over if @ 9.00 PM; 1Hr candle closed above 154.26...
So My Plan Tonite; if price closed above 154.26 @ 9.00 PM; I will enter the swing trade with TP 200 & 300 Pips...
Updated @ 9.10 PM
4Hr Trend Up.. 1Hr Line Up (open above 154.26).. I Believe Retracement Is Over...
TIC Red News - Bad For US Dollar
Swing Trade On.. Buy @ 154.12 (Near 1Hr 5SMA) SL @ 153.12... 1St post TP 200 Pips & 2nd Post TP 300 Pips..
MM Within Emotional Level.. I don't care if price hit stop loss..
Note: I'm bit busy tomorrow, may not update the blog as usual; however i won't adjust this trade (SL & TP) until it hit TP or SL... unless i saw 4hr trend change to bear...
Reminder: It's not about buy low or sell high; but i believe its about buy at the right time.. either the price is low or high it's doesn't matter as long as i enter at right time...
By Owner of Caripips Blog
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