Impact of U.S Interest Rate Hike
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Showing posts with label Candlestick and Chart Patterns. Show all posts
Showing posts with label Candlestick and Chart Patterns. Show all posts
Tuesday, October 14, 2008 chart h1 - 1 am Malaysia as expected, price retraced to weekly 50% fibo (176.00) a high-wave candle followed by a hanging man should confirmed downwards move entered a sell position at 175.20 with tight stop-loss (176.30) 1st TP - 170.68 UPDATE: SL hit - loss 90 pips 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 chart 15min - 6.30 am Malaysia bearish flag?? should the pattern is valid, expect a drop of 300-400 pips soon.. learn more about flag pattern here UPDATE: by 7.30 am, price dropped 100 pips already locked some pips... now i'm safe by 8.15 am, price touched 166.55 a dive of 356 pips #:-S Thursday, October 9, 2008 chart h4 - 10.30 pm Malaysia low reliability bearish hanging man formed at 9 pm confirmation of down trend continuation at lower TFs... why should we buck against the trend? :-? UPDATE: price made new low 169.82 at 4.15 am what could i say more....??? B-)  chart h1 - 6 pm Malaysia bearish tweezer?? bounced off 50% daily fibo?? let get in the southward-bound train...... \:D/ UPDATE: get in at 174.50 already +50 by 6.40 pm moved SL to +5 +95 by 7.05 pm added another sell at 173.60 2nd sell closed at +5 Tuesday, October 7, 2008 h1 chart - 1 pm Malaysia price upsurged due to Royal Bank of Australia rate cut shooting star candle at confluence of resistance area and daily 38.2% fibo will price now continue to go down?? let play it by ear... B-) UPDATE: by 2 pm, high reliability bearish evening star has formed downwards move is confirmed... let's pray Frankfurt push the baby down.... price went down 50 pips during London opening... moved SL to +5 pips stopped out at +5 :)) Monday, October 6, 2008 h1 chart - 10.03 pm Malaysia my favorite pattern - flag should dive 530 pips soon already +350 pip within minutes.... :-O [-o< UPDATED: unbelievable ... +500 pips by 10.15 pm.... [-o< [-o< Saturday, October 4, 2008
wow... what a week.... <:-P
market really moved during the festive season UPDATE: as of Monday 1 pm Malaysia, price dived to 180.689really enjoyed all the trades while celebrating Eid... ok.. let's move to next week possible outlook... ;) monthly chart - bearish two black crows; indicating bears are still in command weekly chart - three inside down pattern; usually a bearish continuation indication daily chart - bullish harami; however, any upward move should be limited to 50% monthly fibo (190.944) furthermore, the market is not impressed with the US $700b bailout plan; read here my strategy : wait for the retracement to complete before going SHORT again should the price pierced August low, we might reach 176.xx soon [-o<  around 580 pip from Friday close already secured some pips... let's see how low the baby will go... B-) 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/ 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 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 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.... :-? 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....:-??
Thursday, August 28, 2008 h4 chart - 5 am Malaysia another tight ranging day for GBPJPY... (:| last two candles formed tweezer tops and bottoms indication of an imminent BIG QUICK MOVE ...  just be patient and follow the price, ok... ;)  more on tweezer here.... UPDATE : lower yellow line was penetrated at 1 pm Malaysia at 4 pm, price touched 199.785 
Wednesday, August 27, 2008 h4 chart - 5 am Malaysia high wave candle followed by doji..... :-? market is indecisive of next move... :-w or should i say... bulls refuse to get in the market... =)) break of either dotted yellow lines should establish next direction... 
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