Fun-The-Mental
No Red News - Trade purely based on technical today
Technical
4hr Trend - Bear since last Thursday..
Price retrace up to 157.8xx after that...
Weekly & Daily momentum today support the bear move..
Weekly suggest price may Kiss 155.2xx - 155.5xx..
I want to see price action today after price kiss 155.2xx...
At the moment i will assume the bear trend will continue until proven otherwise..
Update @ 12.05 Noon
4Hr Trend - Still Bear..
4Hr suggest price may retrace up to 4hr 5SMA..
I'm waiting for good opportunity to swing trade; will decide @ 4.00 PM today
Update @ 4.55 PM
Away from computer...
4Hr Trend - Bear
My entry triggered when price retrace to 4Hr 5SMA, 200 Pips Hit TP..
4Hr Remained Bear, but i'm stay aside from any swing trade; wait for price retrace then re-enter later..
Updated @ 8.10 PM
Price Bounce from 300 SMA.. Formed indecision candle..
4Hr Trend - Still Bear..
Momentum suggest retracement/ sideways..
I decide to Trade this bounce candle.. with 1st post TP 1:1 & 2nd Post TP 1:3.. This is against the trend trade.. So my MM within emotional level... i don't care if the price may hit SL..
After revisit FF; Red News @ 10.00 PM - USD Positive
By Owner of caripips blog
6 comments:
Salam Pak, syabas tapau byk pip, price down dr awal pg smpai ptg, dr pnglmn bro, stuasi ni normal @ ada kaitan dgn apa2?
Salam Bro Putra..
Pengalaman saya bila daily trend sehaluan dengan 4hr trend.. price boleh shoot 200 - 300 pips gini.. tambah pulak momentum pun sokong untuk down.. Sekarang price tertahan di 300SMA 4Hr.. My favorite SMA kat 4Hr ialah 120SMA dan 300SMA... so saya nak tunggu price action jam 8.00 mlm nie; kalau tanda bounces.. then saya expect big retracement start..
i still holding my shorts with a 200 pips TSL... a pole already forming on the h4 charts... eventhough there is a bullish candle, the upwards retracement is not confirmed, as a bearish flag might be in progress..
Great analysis thanks for yor inputs! very simple and usefull.
bro,
nampaknya jerat buy semalam dah mengena pagi ni..kutip pips tuhh.!tahniah!
salam Bro;
Tq.. Alhamdullillah...
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