Wednesday, November 24, 2010
Friday, November 19, 2010
EU & GU : PULLBACK MODE..
19 NOVEMBER
I'm in standby mode for GU and EU. I will short if there is any reversal cs (4hrs) at the red rectangle zone with tight stop loss at previous high. Breaking the red line below will trigger bear momentum to more lower level... :D Just be patient...market never leaves me...heeeeeee
p/s changing platform background to white.. :D caket mata ngap..
p/s changing platform background to white.. :D caket mata ngap..
Tuesday, November 16, 2010
GU & EU : not much too say
16 November
GU 4hrs : combination head and shoulder with 1-2-3 reversal pattern. breaking red trendline together with breaking point 2 will confirm the sell signal. white line is the projected price for the move.
rising wedge on daily. i'm waiting the trendline to be broken in order to establish this pattern. I see the wedge looks like descending triangle because it has horizontal support trendline with decreasing peak. breaking below this lower trendline will trigger downside move.
EU 4hrs : My focus is still the same ; to complete my forecast to reach the earlier hns projection. Now i see another head n shoulder pattern, which is a good indication of reversal.
Wednesday, November 10, 2010
GU H4 Inside Bar Strategy
EU Daily - Indecisive?
1-2-3 reversal pattern already established late yesterday :D and now it looks like HNS is in progress...
Lets have a look on EU 4Hr chart. The trendline has broken. Now we just waiting for pullback. Scan for any reversal cs after pullback. You can entry your shorts after the reversal cs or wait the market to break the level which price starts to pullback. GoodLuck!
Tuesday, November 9, 2010
GU H4 - 123 ??
USDCHF H1
Monday, November 8, 2010
GU H1 - breaking lower trendline
EU H1 - breaking lower trendline
Saturday, November 6, 2010
Triangle tutorial
Symmetrical triangle formation is one of the most common and reliable triangle chart pattern which indicate market indecision and possible breakout.
Before that, you must be able to draw a simple triangle to find a good entry. Practice makes perfect!! The more you practice, the more you familiar with it.
USDCHF H1 - reversal pattern
1-2-3 reversal pattern in uptrend
1. trendline break
2. pullback
3. cannot make a new high
4. price break previous support. reversal is confirmed
1. trendline break
2. pullback
3. cannot make a new high
4. price break previous support. reversal is confirmed
1-2-3 reversal pattern in downtrend
1. trendline break
2. pullback
3. cannot make a new low
4. price break previous resistance. reversal is confirmed
1. trendline break
2. pullback
3. cannot make a new low
4. price break previous resistance. reversal is confirmed
For this case. HNS + triangle combination. The market hit both price projections!!
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