Malaysia

i open sell order at 15738



http://forum.forexometro.com/showthr...?t=112&page=12

Looks like a pretty good entry. Too risky for me going into the weekend and with all the momentum from this morning. Where are you looking at taking profit? I'm looking at TP at 1.5680, next at 1.5625 and down to 1.5535 (If it should continue) Breaking 1.5600 in the short term might be hard. Either way, time will tell and I wish you the best.

my firt tp is 15695

May I ask what you see to make you want to go short? Seems like eurusd is still push for daily high.

I know it's probabily it's no finsh the long..........but my Divergence is on...and i open 2 lot....

15738 and 15748

Technically it looks like you are right, but psychologically (or maybe emotionally) it's scary.

I think is finish A of Elliot max 15780/158.....and probabily...start B of elliot....but I don't if today......it's friday....I hope Monday, Tuesday.......I hope for my finance

I think maybe you're right... oil keep on rising...

edit: but i will wait another a few hours..

Candlestick Forecast for 7 June 2008

Based on Daily Candlestick on 6 June (Friday)

1. USDCHF
-- Engulfing Bearish Line Confirmation: Sell signal

PREVIOUS 1st DAY CANDLESTICK SIGNAL
-- Engulfing Bearish Line: Aggressive Sell Signal
-- Doji & Shooting Star: Possible Reversal

PREVIOUS 2nd DAY CANDLESTICK SIGNAL
--- White Doji star Reversal: possible top



2. USDJPY
- Engulfing Bearish Line: Aggressive Sell Signal

PREVIOUS 1st DAY CANDLESTICK SIGNAL
-- Piercing Line contribution: Bullish continuation

PREVIOUS 2nd DAY CANDLESTICK SIGNAL
--- Incomplete Dark Cloud Continuation: indicating down trend-- White lower shadow
--- Confluence Sign: Bearish Signal in nature


3. EURUSD
- Bullish Trending candle body reversal: Bullish = possible strong reversal of the bearish trend

PREVIOUS 1st DAY CANDLESTICK SIGNAL
-- White Inside Out Up: Buy Signal

PREVIOUS 2nd DAY CANDLESTICK SIGNAL
--- Black Spinning Top: Neutral
--- Stochastic Oscillator oversold




4. GBPUSD
- Bullish Harami confirmation: now can act on the signal = buy
- Bullish Trending candle body reversal: Bullish = possible strong reversal of the bearish trend

PREVIOUS 1st DAY CANDLESTICK SIGNAL
-- Bullish Harami Line: Look for Reversal

PREVIOUS 2nd DAY CANDLESTICK SIGNAL
--- Bearish Trending : Sell signal


5. GBPJPY
- Bearish Harami Line : wait for next signal for confirmation. Indecision, possibly reversal.
PREVIOUS 1st DAY CANDLESTICK SIGNAL
- Engulfing Bullish Candle: Buy signal

PREVIOUS 2nd DAY CANDLESTICK SIGNAL

--- Long legged Black Doji Line: possible reversal
--- Incomplete Dark Cloud Cover: Bearish in nature but need confirmation. Might well to ignore it.

short still on
target : 206.00 at 1st

Now that Friday is closed and looking forward to next week. If we cannot break 1.5825 area, I'm looking to short the pair then. This will be a key price point for us to break through for the pair to continue on to 1.60x. Just my opinion. :nerd:

Quote:
Originally Posted by Finsbury http://www.forexfactory.com/images/buttons/viewpost.gif
i open sell order at 15738

Attachment 119420

http://forum.forexometro.com/showthr...?t=112&page=12

salam... newbie here.. have been follow this thread for a long time.. hi everyone...

Guys, I'm looking at some possible opportunities if this pair can not sustain the upside... triangle channel or possible triple-top on M-R1.

Hi Sham,

I'm inspired on your thread - on how you connect to your community and I "envy" your closeness with them... so I've created my own thread to reach out to my community as well..

My thread can be found here:
http://www.forexfactory.com/showthread.php?t=90585

I'll still be here every now and then...

Salam!

when i start look at my chart...

I see this....

just create a simple drawing to show what i see...

And vice versa

http://i303.photobucket.com/albums/n...ior88/fall.jpg

In south we go..

My trading thoughts for the upcoming open.

GBP/USD...

Expecting a pull back to the intraday levels (green fibb) since currency well moved since the we had nonfarm.......

We have a bullish bias in this market at the moment.
I am now waiting for price to make a pullback back to my intraday levels in order for me to consider a trade and see if my levels hold support .
The rectangle is the strongest area of support since we have a major supports match up. Also if you do take a long of the bounce of the intrday levels ( green fibb) be aware of price 9777 its a major resistance.



USD/JPY...

Expecting a pull back to the intraday levels (green fibb) since currency well moved since the we had nonfarm.......

We have a bearish bias in the market.Be aware of 104.84as support...but defenetly price action will let us know near main support levels.



GBP/JPY

Looking bearish overall and we already had a test of intraday levels( green fibbs)

Even though price already rejected the intraday levels all you are left with is the break of the intraday low...

Hello there,

Getting to short soon? Any comments?

Hi all;

Great thread. I am from Malaysia too. It is a lot for me to learn. Thanks to everyone who provide input to this thread.

Happy Trading;
Paul