7 July 2009 - GJ Trend???

7 July 2009 @ 11.50 AM (Malaysia)

Fun-The-Mental

Red News - GBP Negative @ 4.30 PM

Technical

As I expected price bounces significantly after reject my favorite SMA 300 Line... Alhamdullillah, my first post hit TP; 2nd post: Still Free Ride..

4Hr Trend - Bullish Turning; need to wait for confirmation; may be need to wait till 4.00 PM today for confirmation. At the moment; price in rangebound..

I'm waiting for price to decide the direction. Bull or Bear; i will follow

Updated @ 4.05 PM

4Hr Trend - Uncertain; No confirmation of Bull Turning'.
At the moment my Bias is Downtrend...
4Hr Momentum - Bias to Down...
1hr Tf - suggest retracement completed... Price ready to shoot down...

I exit all my previous counter-trend trade earlier..
I'm waiting for GBP news... Looking for Next Bear Trade opportunity...

(i have one short scalp trade aiming for 150pips)..

Updated @ 4.50 PM

GBP News - Negative for pound...
So basically i will follow purely technical from now...
I will keep my Short Scalp Trade until it Hit TP or SL...
I believe if we see 4hr line up with 1hr today; price may shoot at least 300 pips. I will enter swing trade if 4hr & 1hr line up. At the moment; my bias is Bear but no confirmation of bear trend yet.

Updated @ 7.30 PM

I will let the market decide their direction.. then i will follow..
Price still in rangebound..

this is my plan b4 im out for dinner...

By Owner by Caripips Blog

" I almost forgot that today is my wedding anniversary. Last year i'm having dinner at PanThai Restaurant Langkawi. So i just book a table dinner at Bayview Georgetown. @ 7.30 Pm Tonite.They have very nice restaurant at the roof of the hotel & can view the whole of georgetown from there..