11.21pm Today is Tuesday. Yesterday I could not resist the urge and jumped 2 trades. Lost as expected on the AUDUSD, broke even on GBPCHF. Whatever I say and wrote is recorded, nowhere to hide. That is the responsibility when I started this website with mumu. Luckily I know how to scale my position real small for yesterday cos my...
4.04pm Hi all, just to share about my views regarding the STI. Optimism in the market is back, sadly market is now overheated – In need of a overdue correction. STI Daily Chart STI currently hovering around 2965. Immediate Support – 2900 Immediate Resistance – 3000 Strategy to share for index players Bullish Players Stay away from the markets until 3000 is clearly...
10.16pm Looking at major retracements for USD denominated pairs. AUDUSD remains one of the weakest. Will be looking at a potential short setup. AUDUSD H1 With EURUSD poised to fall a little further, I am equally bearish on the AUDUSD. Will be looking at a short trade around the pink zone and will target last week’s low. Stops just above last...
Hey guys, I have done up my personal video analysis of EURUSD. My very first time doing a video and alot of NGs before getting a passable one up. I hope you guys like what we are doing and continue to give us your support! Have a great week ahead! EURUSD Video Analysis
Hello folks! Finally our long wait of silver bull returning, revisiting week 2 silver analysis. Silver (XAGUSD) Price action is currently resisted at the double bottom neckline (yellow zone) and downward sloping trendline. As OsMA is showing bullish divergence, price action is likely to break pass the yellow zone and downward sloping trendline. Let us be...
7:40pm Hello folks! Was wondering if anyone caught the bullish move on GBPJPY! For those who caught it, congratz! GBPJPY (Weekly) The biggest mover on Friday with more than 300 pips, too bad I didn’t catch anything. A good trader should never think about the missed profit or bad trades. It is not the 300 pips movement that...
Hong Leong Asia will be announcing their full year report on Feb 29 2012. According to technical analysis, I will be looking at more upside for Hong Leong Asia. HL Asia (H22) Day chart Price broke out of the double bottom pattern which indicate that the bull will be returning. Expecting good news from the full year financial...
10.19am Great to be back in the market. Went short EURUSD at around 1.3272 yesterday, with a paper profit of about 40-50pips now. Yen is weak, however, I believe a short term scalp short is possible. EURJPY H1 The chart above will be my game plan. About 2:1 reward to risk ratio which is worth a try in my...
10.19pm Xin Chao guys. Just touched down from Vietnam. Quickly got myself updated with what is happening in the market. EURUSD HNS pattern still valid in my opinion. Looking to go short with a limit order to sell. EURUSD H1 Fundamentally, Greece agreed to a bailout. We should go long right? Technically from the charts, I am bearish about EURUSD. Yes bearish. If...
10:14pm Hello folks! Spotted a potential long in Loonies. USDCAD Price action is currently resisted at the resistance zone(blue) and downward sloping trendline. The chances of breaking through is pretty high considering the bullish divergence in OsMA. As blue zone is a pretty strong resistance or support, a break above will be a potential long. Let’s stay...
