Saturday, August 30, 2008
GBPJPY : My next week trading option
I might take only SELL signal... Depend on H4 situation...
Or if market wish to go UP, maybe I have to let price goes high as high as it can... I expect that the price won't able to pass the second trendline for the first swing...
**** Reminder : I trade more on scalping... interact with candles formation... and the analysis might not suitable for some traders
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HAPPY NATIONAL DAY TO ALL MALAYSIAN
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Thursday, August 28, 2008
GBPJPY: Price relatively low, for LONG position
10:07 gmt+8
Watch carefully the previous candle's low 200.46. It's laid at H4 support area. I expect market will BULL if price not able to broke the level.
At the moment, price relatively low, 43 pips from the level for LONG position. The reasonable SL if I enter LONG now would be 43+8 pips from current price.
2 hours and 50 minutes to go (from the time i framed the picture) to form H4 fractal
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Result
12:59 pm gmt +8
Price broke 200.46 and achieved new low 200.32.... The price currently retest the level 200.46
Watch carefully the previous candle's low 200.46. It's laid at H4 support area. I expect market will BULL if price not able to broke the level.
At the moment, price relatively low, 43 pips from the level for LONG position. The reasonable SL if I enter LONG now would be 43+8 pips from current price.
2 hours and 50 minutes to go (from the time i framed the picture) to form H4 fractal
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Result
12:59 pm gmt +8
Price broke 200.46 and achieved new low 200.32.... The price currently retest the level 200.46
Wednesday, August 27, 2008
GBPJPY : BEARISH will win???
10:45 am gmt +8
Regarding to the last 3 candles High and Low analysis, we found that the market gave more pressure on support level...
It's similar to the Descending Triangles pattern. In the most cases, BEARISH will win at last
***** Warning : It's only my opinion *****
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Result
11:42 pm gmt +8
After broke support level 201.37 price dropped for about 88 pips before BULL running wild for a little while.....
Tuesday, August 26, 2008
GBPJPY : Double bottom or breakout?
GBPJPY : Looking for next SHORT entry
GBPJPY : Result
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