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Holygrail

I've been looking for the Holygrail in forex for the rest of my life. Recently I really found it.

"The real holygrail in forex is to understand there is no holygrail."

That's it. The one who are able to understand what's that mean will really find the holygrail.

- BlueDreamFx-


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Wednesday, August 6, 2008

GBPJPY : Testing yesterday's support level


11:00 am gmt +8

H4 and H1 : The candle(s) considered indecision candle... the current candle high 0f H4 same as previous candle high, 212.12, considered minor resistance level (and also referred as yesterday's support level). If bull candle could break the level the market will enter the yesterday's sideways area 212.86 - 212.00

M30 and M15 : The market remain up until price could break the trend line.

Preference :
RSI signal : BEARISH
Waiting price to completely break trend line of M30 or the price reach high (around 212.87 or less, as long as the price not not break that level and as long as RSI H4 remain BEARISH)... to enter SHORT position

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Posted by BlueDream at 10:58 AM
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