Stock Market Viewer

This is the simple program to make it ease to monitor the Stock Market from your desktop.

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StockMarketViewer

Reference : Relation Between Stock Market And Forex

EJ

9:40 PM GMT +8

EJ price tried to break 126.22 for strong H4 BULLISH... otherwise it remain major trend BEARISH

Update
9:50 PM GMT + 8
Already broke ... but did some correction at M5... close at +30 pips...

p/s My trading style is 'probability' and I trade base on candle condition where I think the chance to profit is high... I assume that market move in random manner... so that I always play save and just take what market could give me. My entry is M5 fractal... and at the moment I'm just wait and see the next M5 low.

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And... I want to dedicate my thanks to my greatest sifu mfazy121... Where ever you are.... "thanks a lot" from me. Its only take 10 minutes to get 30 pips... without -ve floating... Once I enter the market, few minutes later I found that market follow my position direction. Finally I almost get your style. Or maybe I did my on style to trade base on candle. But you teach me how to catch the price movement from biggest TF and entry on small TF. And you also told me to control emotion and did money management.
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GBPJPY : Confirm reverse or not?

1.50 PM gmt+8

H4 market currently sideways.

GJ considered uptrend if price could break around level 193.44.... 94 pips to go. Otherwise, it remain Bearish

GBPJPY : Sideways in H4

9:30 am gmt+8

I expect that the trend is sideways... and price play around high 194.84 and low 192.63.

Last time H4 BULL candle failed to confirm BULLISH... and what we can see now is the power between BUYER and SELLER is balance... for a little while they don't have any decision to go where.....

On this case i might BUY when price low or SELL on high as long as price in range.

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Update
12:38 pm gmt+8

Currently price keep trying to break Low 192.62 for BEARISH continuation

GBPJPY : Tried to find U-Turn

12:04 pm gmt+8

The overall movement is down, however... H4 and Daily chart already oversold and at the moment it's highly risk to enter SHORT position.

The market might try to find the U-Turn for BULLISH after very long journey for BEARISH....
If we take a look at H4 chart... we found that the previous candle is short body candle with long lower shadow... usually good sign for U-turn. However the current H4 candle tried to 'retrace' the lower shadow... it's also possible if the current candle of H4 break the previous candle's low.

I expect that market will BULL if price could break the level 194.67 .... So what can i suggest is stay out from market until market decide where to go.

SHORT - High Risk
LONG - Not yet confirm

p/s Or maybe you already forget about BULL and what is BULL anyway... LOL

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Result
8:48 pm gmt+8

As i said... market keep trying to get U-Turn for BULLISH... The price failed to break the last low 192.62.... and now the current BULL candle keep trying to reach the critical level for BULLISH confirmation, 194.79. However, maybe it's not so fast.

We just try to imagine on how about the trader's psychology around the world right now.... I thought some of them are taking profit and SELL the yen... That was the story behind the candle

GBPJPY : Let see what will happen

9:17 am gmt +8

BDStochRSI indicates strong BEARISH in all timeframes... let see what will happen.

*** Warning : This is just a test

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Update
9:25 am gmt +8

Close 40 pips when BDStochRSI : H4 - High risk sell (it means oversold and against BEAR direction).

I'm waiting for next signal....

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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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

GBPJPY : Double bottom or breakout?

2:17 pm gmt +8

BEARISH already began.
Watch closely the critical support level 207.74
Market will soon to form double bottom or H4 lower fractal breakout....
My suggestion is set TP several pips above 207.74 and wait for next price action

GBPJPY : Looking for next SHORT entry

11:41 am gmt +8

Since BEARISH get control in the market... I will only looking for the best SHORT entry

GBPJPY : Result

10:00 am gmt +8

It's happen exactly as forecast ....
At the moment, there is no signal for futher. But I expect that BEARISH still control the market. I might wait price to go as high as it can for SHORT entry

GBPJPY : My next week trading overview

Market will soon perform BEARISH continuation???

As long as price not able to break the trendline... the market most likely BEARISH in long term.

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Update

Monday, August 25, 2008
8:10 pm gmt+8

Price movement still in tract.

GBPJPY : Fractal up has just formed

9:10 am gmt +8

Fractal up has just formed at H4 . The risk and reward ratio for the current position is 21:178 . I assume that the probability of H4 fractal succeed is 85.52 % (from data history).

The BDHiLo indicates that the price relatively high and the current movement of M5 is BEAR. That's why i enter SHORT position with SL, risk+10 = 31 pips from current price. The TP is not set yet but should be less the 178, may be half.

p/s : I'm scalper. Most of time I close post manually.

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Update

1:25 pm gmt+8

I've just noticed that the fractals indicator could be repainted. The fractal up suddenly disappeared and my post hit SL. But it doesn't matter... I will only stick on this system and tried to find out how to overcome the weakness.

I'm actually break the system's rule when trade without referring small TF for best entry. I was just too obsess with H4 fractal. I will accept this as lesson. Better careful next time.

GBPJPY : Bearish continuation failed

8:38 am gmt +8

When Bull candle successfully went back above the key level 202.51, I expect that the bearish continuation failed. The price play around high 205.24 and low 202.51 in H4 chart.

The only clue that I have in H1 chart price might continuously up if price break 203.78. Otherwise, price will down.

GBPJPY : BULL for today???

7:53 am gmt +8

BULL for today??? Is it that simple???

As i follow this trading system rule... i'm going to take only on BUY signal from small TF at low price as long as the price not break the last low 204.12

GBPJPY : Accept only SELL signal

9:26 am gmt+8

H4 : Previous bull candle unable to break the highest at 205.24 and regarding to my Hi Lo trading method... the price currently laid at sell zone were the chance and risk reward ratio for SHORT position is better then LONG.

So that... as long as the price not able break 205.24 i will take only on SELL signal from small TF

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Result

7:46 pm gmt+8


The market finally decide to go BEARISH as what i've expected. The last low reached by market is 204.12.

Regarding to the my Hi Lo trading method... the current price relatively low. However at the moment i didn't get any clues yet..... to continue BEARISH or reversal for BULLISH...

I need to wait for next H4 candle.

GBPJPY : Let price testing the last low

1:50 pm gmt +8

The last candle on H4 is BEAR candle and the price might down for a little while to test the lowest 204.28

If price unable the break the level... i expect that the market will BULL

Testing Hi Lo Trading Method

9:40 am gmt +8

Market currently relatively high. The H4 current candle is BULL candle and break the previous high candle. So that it's not suggested to SHORT now. I might wait until H4 form bear candle.

Warning : This is just a test.

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10:57 am gmt+8
Result : Sell@205.98 +20pips so far (I might close manually depend on M5 candle condition)

GBPJPY : Early sign of retracement

3:41 pm gmt+8

I'm waiting price to drop little bit lower to enter long position. As long as price not break trendline

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result : buy@206.57 close manually 27pips

GBPJPY : Strong Bearish

9:34 am gmt+8

RSI, stochastic and MACD indicates strong bearish on H4