Friday, July 3, 2009

3 July 2009 - Gj Bear Trend

3 July 2009 @ 9.15 AM (Malaysia)

Fun-The-Mental

GBP Positive news @ 4.30 PM.. Trade purely technical today.
US - Holiday..

Technical:

4Hr Trend - Bear.. IntraDay Chart - Retrace..
I see the possibility for price to retrace up to 157.1xx to 157.5xx

Updated @ 12.40 Noon

4Hr Trend - Still Bear.. Retracement Mode in IntraDay Chart..
Now i see price may retrace up to 158.1xxx..
I'm waiting for Intraday Retracement to complete.. before enter any new trade...
Obviously now i need to see chart every hour...

Updated @ 5.00 PM...

4Hr Trend - Still Bear.. Intraday suggest rangebound...
US - Bank Holiday
I'm will stay aside today; and trade again next week...

Reminder:
Always assume the underlying trend to continue unless proven otherwise.

By Owner of Caripips Blog.

12 comments:

Anonymous said...

bro..ri2 ckp news GJ = GU x UJ..
kalo GJ = GA x AJ pon blea jgk kan ?? tapi bro focus us jek..


-kuchai-

Admin said...

Bro Kuchai..

Ntahlah.. yang saya pegang GJ = GU X UJ.. kalau tak percaya cuba calculate sendiri.. Buka chart.. look at GJ price now.. then you multiply current price of GU & UJ.. You will get the GJ price.. Secara amnya US & UK ialah negara yang pentingkan Capital Flow.. Yen dan negara lain bergantung pada Trade Flow.. So Lots of Capital flow to japan.. sebagai balasannya UK & US dapat product (goods).. Sebab tu impact untuk Yen bergantung pada apa berlaku pada UK ekonomi & US ekonomi.. Jika US ekonomi down.. capital flow kurang.. so kepada siapa Japan nak jual produk mereka??

Anonymous said...

As'kum saudara,

Menarik penerangan saudara..really make sense. Nak tanya sikit, mcmana saudara baca major trend bearish? sebab dekat Daily GJ bar semalam yg turun byk tu still tak lepas the lower of 22 June 09 (sya guna Interbank FX chart..tak tahu lah sama tak dgn saudara)..sya fikir kena lepaskan lower tu dulu baru kita establish yg bearish trend skrg..harap dpt penerangan..tkasih.

-reen-

Admin said...

Reen...

Saya nampak bearish trend di monthly TF.. but i believe price still in retracement mode.. Momentum pun belum support Free Fall Bulan nie... Tapi because i trade purely based on 4Hr Trend.. so i don't care what the trend in daily, weekly & monthly.. Kalau mereka ni sehaluan dengan 4Hr trend... my tp will be bigger... Untuk trend cuma ada tiga.. i) Up.. ii) Down.. & iii) Uncertain..

Anonymous said...

jadi, kalo news usd not good for currency, gj jth la kan ?? bro men news ke ?? pending order time dekat2 news ? seblum neh baca entry blog bro yang tahun lepas punya tengok bro ade lukis2 trendline, support and resistance..

tapi style sekarang dah lain..based on 4h candle stick+momentum+5sma..melalui pengalaman ke ??

ader gak terbaca sal auslanco technique(http://auslanco.hqforums.com)..gj gak..ade komen pape sal teknik tu ??

kuchai

mko said...

fuuhhh... rancak btol discussion... i respects caripips very much.. we used to discuss actively in one of the forums...

really miss those days... caripips sure remember batistuta kan?

mko said...

bro kuchai & reen...

keep on following this blog... u will surely learned a lot....

mko said...

bro kuchai...
i rasa caripips do follow news from fundamental aspects... but he trade from the technical aspects mostly...

sori ya bro JC... (harap tak marah saya guna id tu...)

nostalgia pagi2 ni... hehehe

Admin said...

Bro Kuchai..

Sebagai trader, cara terbaik aialah approach market secara objektif; news ialah something yang subjectif.. Good News or Bad News.. you tak boleh teka samada pair akan up or down.. saya masuk trade; purely based on technical.. news akan add my current sentiment pada pound, dollar atau yen...

Auslanco, NickB, Karmostaji, Strat, VanessaFx.. adalah mereka yang trade GJ dan terbukti berjaya jinakkan BEAST.. so i'm sure u akan benefit kalau dapat mempelajari teknik2 mereka..

Admin said...

Salam Masta GJ Trade...

Bilalah nak discuss di forum NG semula.. Mungkin kalau aktif semula; Batis pun akan muncul semula.. Baru2 nie saya register nickname baru.. JC dah hilang password.. email pun tak ingat...

Anonymous said...

salam saudara,

tq for the explanation tu..insyaAllah faham..cuma nak kena dalami how to determine the trend..itu yang masih lagi belum pandai..Bro GJ, insyaAllah amin..dapat ilmu dari both caripips dan blog bro..syukran..

-reen-

Anonymous said...

hehe..no hal bro..keblakangan nh busy ngan kije..mungkin krg bkk blog..anyway, saya akan keep up with this blog..

sal yg news 2 bt la pending order..sya pnh dpt 60 pips trade news je in 1 day..pair eu..bln lpas..1 news target 20 pips..

-kuchai-