Impact of U.S Interest Rate Hike
10 years ago
|
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-)
Subscribe to:
Posts (Atom)
|
