Friday, November 19, 2010

EU & GU : PULLBACK MODE..

24 Nov GU : Breaking lower trendline

24 Nov EU : Breaking point 2




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..

Tuesday, November 16, 2010

GU & EU : not much too say



17 November - Breaking neckline + breaking point 2 !! :D


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.

17 November - Manage to break neckline :D

16 November

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



Inside bar cs - cs which its range is within high and the low of previous cs. Wait for breakout of the inside bar and follow the trend :D

Goodluck

EU Daily - Indecisive?



1150PM Bounced at neckline and continue down??


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 ??

Wednesday Update : Trade success...bank in profitsss.. :D

Next step...watch for reversal cs as long as the previous hi not broken.... if broken.. we will cancel this view..kikiki...cabottssssssssssssss...for safety, just wait for the pullback line get broken again :D

USDCHF H1

Tuesday. Nov 9, 727PM - a little bit false break before going down

Tuesday Nov 9 712AM
Now we have a triangle which its range become smaller and smaller. Try guess what will happen. Triangle valid breakout normally perfectly done with high volume.

More examples on 123 reversal pattern... :D







Monday, November 8, 2010

EJ 1-2-3 TOP reversal pattern

Compare this theory

the story of 1-2-3 reversal pattern

And now .... it happened again...just count 1 and 2 and 3 .. lets smile and have nice green pips!


UJ H4


157 pips projection from triangle breakout. Let see it becomes reality or fantacy~~ :D

GU H1 - breaking lower trendline

Wednesday 850AM - Successfully hit price projection!!


Tuesday 815AM



Monday 10AM Update!


GU 1HR
- sell signal already triggered after lower trendline broken.
- white line = 190pips price projection

EU H1 - breaking lower trendline

Tuesday Nov 9, 730PM - Almost hit price projection. With pinbar, price starts pullback

Monday 10AM Update! Nice start from EU

EU H1
-trendline which connecting 4 supports already broken. bias downside
-price projection around 271pips. Goodluck!

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

1-2-3 reversal pattern in downtrend
1. trendline break
2. pullback
3. cannot make a new low
4. price break previous resistance. reversal is confirmed




For this case. HNS + triangle combination. The market hit both price projections!!