Impact of U.S Interest Rate Hike
10 years ago
Wednesday, October 8, 2008 chart h4 - 5 pm Malaysia should Monday low is broken, we might see 166.xx soon even beat my prediction on Aug 15th... see here scary ek... :-s  h1 chart - 12 pm Malaysia price in ranging mode breakout of tokyo range will determine next direction... as long as the price is below minor trendline, i am bearish biased... B-) UPDATE: 1.10 pm - tokyo low broken.... +70 pip by 1.15 pm... already in trailing mode.... hit TP +180 pip by 1:30 pm [-o< 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-)
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