23 June 2009; Permulaan Big Downtrend??

23 June 2009 @ 8.30 AM (Malaysia)

Fun- The-Mental

Today Red News ; Existing Home Sales - US Dollar Positive News @ 10.00 PM

So today we can trade using Technical until that news..

4Hr Trend : Established Bear sejak 12.00 MN semalam..
So mulai sekarang kita hanya akan SELL until Proven otherwise..

Daily momentum Strong Pointing Down.. Adakah Head & Shoulder Pattern akan dipecahkan pada hari nie..





















Current Scalp Position Still Intact: Free Ride..
Looking for Good Place to enter Swing Trade.

Update 12.00 Noon

Price berjaya tembus previous day Low as expected; latest 4hr & 1Hr momentum FLAT. Price dah shoot 200 pips down after 1hr & 4Hr lined up in same direction. Nice 150 pips in profit for swing trade.. Now need to wait for Good Retracement; so that the price may shoot another 200 pips down if this 1Hr & 4Hr lined up again - Then enter another swing trade.

Scalp Trade (Adjust stop to BE) - Will only close the trade if TREND change. Hope it will hit TP soon.

4Hr Trend - Masih Down.. InTraDay Chart sedang buat Retracement.. So tungguuu..

Update 5.00 PM

4Hr Trend - Masih Down; Will follow this trend sampai END

Update 9.00 Mlm

Lagi sejam akan ada News untuk USD - Dollar Positive.
4hr Trend - Masih Bear.. Price naik sekarang aku assume cuma Retracement..
Resistance di 157.1xx - 157.3xx
Wait N See..

Sekarang menunggu Next Breakout..

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

by Owner of Caripips Blog

Head & Shoulder Pattern

Ok, another head and shoulder; price sitting at Neck Line... I Enter Sell Order sebab 15M Scalp Suggest To Do So.. But with small lot size because of this chart pattern. So wait n see what will happen on next 1Hr.. If price sitting above daily pivot, then 1Hr Bull masih intact.