Impact of U.S Interest Rate Hike
10 years ago
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Showing posts with label Trendline. Show all posts
Showing posts with label Trendline. Show all posts
Monday, October 13, 2008 monthly and h4 charts - 9 am Malaysia monthly trendline broken - shows that bear is still in charge however, pinbar or bullish hammer candle at daily chart indicates possible upwards retracement confluence of weekly 50% level and monthly trendline (176.00) as long as this resistance level are not broken, my sentiment stays BEARISH.. strategy: stay out of upwards retracement and wait for bearish continuation patterns should last week low is broken, my next TP is 153.xx let see how the market play it out.... DO NOT CHASE THE MARKET LET THE MARKET COME TO US.... B-) p/s... a high reliable abandoned baby pattern has formed at h4 chart UPDATE: by 10.30 am, price touched 168.56 potential 350 pips gain Friday, October 10, 2008 monthly chart monthly trendline broken..... two scenarios could happen:- 1. price would retrace upwards to re-test the trendline 2. price could dive to next support (148.19) by year-end most likely, scenario # 1 would happen as the 1st breakout is usually a false one... take note this is the MONTHLY chart... so the scenarios could take place in a few WEEKS period.. so, watch out and trade the chart.... me??? would stay out of any retracement upwards and wait for confirmation to load more shorts until the chart asks me to stop... =)) 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? :-? 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 =)) 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 
Saturday, August 30, 2008 h4 chart - at market close overall market sentiment: EXTREMELY BEARISH h4 trendline and weekly 61.80% fibo level converge at 200.00... bears might take a short break and wait a pullback for better discounts... ;) US market close on Monday - market might move slow...... :( UPDATE: market opened at 196.890 (120 pips gap down) at 7 pm, market was at 194.131 (another 270 pips downwards) MORAL OF THE STORY: dont fight the trend... :d GBPJPY analysis - monthly low broken.......Wednesday, August 13, 2008 monthly low broken?? possible TP 203.00 by the month end......?? party time...... \:D/ \:D/ \:D/ SELL ON RALLIES..... <:-P <:-P <:-P UPDATE: 203.00 was hit at 11 pm (less than 24 hours) :-O :-O
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