Impact of U.S Interest Rate Hike
9 years ago
Thursday, September 25, 2008 Greetings and best wishes for all muslim traders all over the world on the coming celebration of Eid. May this year's celebration and many years ahead continue to bring us happiness and prosperity. .... this blog will take a break until end of next week.... see all of you again on Oct 6th, insyaallah...... till then, happy trading and take care... :-h Wednesday, September 24, 2008 chart 30min - 6.45 pm Malaysia price was below 30min TL - that's why i stayed out of the upwards breakout also noticed the triple tops formation decided to scalp short at 15min chart with 40 pips SL already at +20 pips [-o< UPDATE: +75 at 8 pm set 50 pips trailing stop and will ride the profit price went down to 195.64 - potential of 130 pips gain \:D/  daily chart - 5 am Malaysia market moved in a tight consolidation range for 2nd day... could breakout in either direction... even though, looks likely bears have a slight advantage now... better wait for breakout of yesterday hi-lo... :-? UPDATE: price trying to test the top resistance... decided to stay out Tuesday, September 23, 2008 daily and h4 charts - 5 am Malaysia long legged doji at daily chart? initial signal for reversal?? two black crows at h4 chart?? decided to go short with SL 30 pips above previous high (180pip risk) TP: TBD B-) p/s tokyo market on holiday today... UPDATE: as of 11.30 am, price went down 50 pips already locked +5 pips Friday, September 19, 2008 h1 chart - 6.30 am Malaysia crucial S/R levels : 192.086 & 189.686 price is overbought zone at h4... central banks intervention failed to move the market upwards... stock markets still in trouble... last two candles indicate bulls exhaustion?? will the bears make a comeback?:-? UPDATE: price broke resistance 192.086 at 10 am... hit my SL 19.30...:( Thursday, September 18, 2008 h4 chart - 10 am Malaysia as long as the two trendlines are not broken, downtrend will remain intact... otherwise, bulls should take over the control... :-? UPDATE: central banks intervention was the hot news of the day... price kept testing the trendlines... bulls in control for 3 straight days.. will they keep on pressuring? :-? Wednesday, September 17, 2008 chart h4 - 5 pm Malaysia evening star candle formation??? will price re-test previous low?? :-? UPDATE: price went down to 186.84 before surged upwards potential 14o pips gain Tuesday, September 16, 2008 chart h1 - 2.45 pm Malaysia bearish flag pattern..?? possibility 350 pips downwards break... B-) p/s price already dropped 70 pips... UPDATE: as 7.30 pm, price touched 184.50 potential 250 pip gain [-o< Sunday, September 14, 2008 market closing a low reliablity hammer variance at weekly chart - still need confirmation bullish trend should only be confirmed when previous high (195.645) is pierced and price might surge to 206.xx click here on how to trade double bottom like a pro... B-) p/s... until the resistance is broken, my sentiment is still BEARISH :-B should i go short, 195.645 should be my stop loss UPDATE : market gapped down about 180 pips at 4.15 pm, the price low is at 188.778 already banked in some pips... :D Friday, September 12, 2008 chart 30 min - 6.30 am Malaysia main trendline = DOWN... minor trendline = DOWN... price FAILED to break minor trendline & yesterday high... 187.80 - previously a support - now should turns to be a resistance... should i say anymore...? @-) UPDATE: price surged upwards to 193.697 moral of the story: you can't win all of them =)) Thursday, September 11, 2008 chart 30 min - 6.30 am Malaysia descending triangle in play?? usually a trend continuation pattern... should price breaks downwards, it could dive 320 pips below 187.80...:-? already locked some profit as of 1.30 am, lowest price was at 185.87 (potential 180 pips gain) Wednesday, September 10, 2008 h4 chart - 4.30 am Malaysia another 1/2 an hour for the candle closing... falling three method in formation... strong bearish trend continuation pattern... 1st TP - friday low...  UPDATE: managed to close at +60 pips at 8.15 pm after suffering 220 pips drawdown #:-S seems bulls are now trying to wrestle the control.... :-? Tuesday, September 9, 2008 daily chart - 5 am Malaysia expecting price to keep ranging within these two S/R levels... a breakout of 193.60 or 188.50 will determine next direction... meanwhile.... bears still in charge... there are still plenty of salmons for the bears down there.. :d Saturday, September 6, 2008 market close - 5 am Malaysia daily chart -hammer candlestick??
h4 chart B-)
bulls will have to penetrate either resistance @193.60 or the yellow trendline... however, the red trendline @191.00 needs to be broken first... otherwise, bears still in control... Thursday, September 4, 2008 chart 15 min - 9 am Malaysia descending triangle formation... usually a bearish pattern... expecting 130 pips drop should the support broken... :D read more about triangle here UPDATE: price dropped to 191.445 (40 pips potential gain)
London open pushed the price upward... :( Wednesday, September 3, 2008 h1 chart - 11 pm Malaysia upper trendline rejection?? engulfing bearish candle?? should yesterday low broken, price might hit 191.20  UPDATE: price went down 70 pips to 191.91 before retracing upwards... triple swap effect might be in play....:-??
 chart h1 - 8.30 am Malaysia watch out the h1 trendline and yesterday low.... next direction should be clearer.... UPDATE: 4.15 pm - unbelievable..... price broke yesterday low already locked some profit....  stopped out by news 
 chart h4 - 5 am Malaysia watch out for bulls coming in to fill the gap.... yesterday high low serves as a good S/R level..... and bears should be hiding somewhere up there.......
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