Impact of U.S Interest Rate Hike
10 years ago
"There is only one side of the market and it is not the bull side or the bear side, but the right side." - Jesse Livermore
7 comments Friday, October 10, 20080 comments![]() 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 0 comments![]() 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... =)) 4 comments 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-)
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