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- luqmanz replied May 31, 2010
Identifying mid/long-term trend. — When trading Jacko style, many people are worried bout "what if the trend had reversed but I didn't realize it?" .. or "the trend line is broken but how do I know if this is a steep correction or a reversal?" ...
- luqmanz replied May 23, 2010
I'm guessing Cable will go to 4750 this week .... 4750 is a possible support turn to resistance in Daily Chart. In 5M chart, price is making higher lows while approaching 4500. let's see if it breaks the 4500 towards the 4750.
- luqmanz replied May 11, 2010
Got a long position at 4850 ... a small position just to test the market ... 4800 (blue line) is a weekly support and 50% retracement from the obvious uptrend. Such confluence is good enough for me to take a position. Let's see how it works. ...
- luqmanz replied May 8, 2010
It was a crazy week. I pyramided 3 Cable short positions beginning from 5100. Trailed my SL and got out at 4700. That's a good 400 pips in one night. On Monday, I'm looking for a long. The price has bounced off a few weekly supports (blue lines) and ...
- luqmanz replied May 5, 2010
Yo Jebat.. My bullish bias is because of the strong support in Daily charts. It's also a 50% retracement of a move in Daily charts. However yesterday ... my long in cable @ 1.5150 got taken out. There goes my 2% LOL. However I'm still bullish .. in ...
- luqmanz replied May 5, 2010
Here you go .. .sharing is caring .... not saying that I'm right .. it seems to me like it's a good bet .... betting is all we can do in this business.
- luqmanz replied May 2, 2010
Good morning all!!! — How are you guys doing ? .... do u still have your Cable shorts from last Friday? Let's see how is it going to work this time .... I added a position at 1.5300 ... TP is 1.5200 ..
- luqmanz replied Oct 29, 2009
Fiber — Thanks for the reply. It seems like there's a bullish price action there. Bullish Engulfing. But the 1.4850 resistance line worries me. The candle closed below weekly resistance. Will go long only when the price close above that level. ...
- luqmanz replied Oct 29, 2009
Fiber — What do we do with Fiber now ... ? It seems like its going to touch 50MA .. I'm thinking of going long when there's a bullish price action near the 50 MA. I'm wondering if that's a good way to use the 50 MA ?
- luqmanz replied Oct 21, 2009
Fiber price action. — Looking at Fiber price action ... It seems like the level 1.4850 (weekly resistance) has turned to support. Notice the tails keep avoiding that level like a plague. A lot of buyers at that level. There are several pins ...
- luqmanz replied Jul 13, 2008
something to look at this week — 1.5900 is a resistance in Daily charts ... this level has been breached on Friday and it's a possible resistance-turn-to-support level ... Take a look at the 1H charts .... price penetrated 1.5900 .. retrace at ...
- luqmanz replied Jul 7, 2008
You are right Lou ... On the other hand ... 5650 is also a resistance-turn-support .. take a look at the charts below ...
- luqmanz replied Jul 2, 2008
I had a buy limit order at 1.5650 when I changed the buy limit to 1.5800 The reason for that entry is because .... 1) In 1H chart ... 5800 level was penetrated quite vigorously ... (price had been lingering around area 5750-5800 for quite sometime ...
- luqmanz replied Jul 1, 2008
Seems like I wasnt wrong this time lol .... Dunno waht happened but Fiber is now at 5800 ... Moved the trail stop to break even @ 5750 Aiming to add a position if it breakthrough the 5800 with great vigor ... (I wish) lol ...
- luqmanz replied Jun 29, 2008
I have no idea Let's long .... up up and away ....
- luqmanz replied Jun 23, 2008
my way — I'm not in jacko's group yet... Hi .... this is what I do when I missed the dip ..... it's pretty straightforward .. I look at the 1H Chart ... .... take a look at the chart below ... theres 2 methods (white arrows and red arrows) My ...
- luqmanz replied Jun 15, 2008
Hmm .. its just the length of the drops are getting shorter in 1H charts as the price approach the support 1.5300 ... I could be wrong if I buy at support at 1.5300 .. but I know I wont be broke when I'm wrong .. I got stop loss, I will buy at lower ...
- luqmanz replied Oct 9, 2007
I longed at 1.4040 (1.4017 was the lowest). Using trailing stops 50 pips. Currently at 1.4113. I'm thinking that Fiber will go south once it hit level 1.4150-ish. Down to 3800-3900 by next week. Let's buy cheap!!! As usual, I could be wrrrrooooong
- luqmanz replied Sep 20, 2007
I bought the dip at 3950 ... hope the trend is going strong .....
- luqmanz replied Sep 14, 2007
Something to think about. 3850 was a resistance on 19 July 2007. I'm thinking that 3850 will be the next support. In the one-hour chart .. the price has met a resistance at 3865.