Malaysia

Just want to share my closing week. More in my blog

again, as expected in EJ & EU from previous analysis

Preferably, I believed market in progress to complete wave v in magenta. But please be extra careful for any bullish retracement trend to perform subwave 2 in aqua. Otherwise, please be careful for any breakout towards the pivot critical line. Good luck.

seems like today & tomorrow will getting stronger...here is the analysis

let see what happen to EG another couple of hour soon...

and also see what will happen to EU soon...

At this moment, I'm looking forward for a completion or subwave 2 in aqua before expecting for another bearish continuation trend scenario to perform subwave 3, 4 and 5. A pullback from the upper green trendline and later a breakout to the S3 critical line would bolster towards this scenario. Otherwise, please be careful for any breakout towards the green upper trendline and aqua/magenta critical line. Good luck.

the candlestick is getting narrow & narrow..this month definitely ranging market...

Not much movement so far..it's getting narrow

as expected from previous analysis, we can see massive explosion on EU & EG...

At this moment, I'm looking forward for a pullback scenario from the yellow upper trendline for a bearish continuation trend. A valid rising wedge pattern and a breakout towards the lower red and yellow trendline would bolster to this scenario. Otherwise, please be careful for any further bullish rally perhap to perform a bull trap scenario. Good luck.

Please be noted that the previous alt count in magenta is already invalid. At this moment, I believed market just performed a "bull trap" scenario which is a typical trap happen in diagonal triangle (rising wedge) pattern. Therefore, I'm looking forward for a pullback from the upper yellow trendline and further breakout towards the lower yellow trendline. Otherwise, please be careful for any breakout towards the bullish continuation critical line 1. Good luck.

As expected for EUR/GBP analysis...

Hi Stewart,

Your analysis and chart look so simple. Is it purely based on Price Action method?

Cheers

Ricky

good job

it base on highest high, lowest low, highest low, lowest high...
I called it HH, HL, LL, LH...and also some of candlestick formation pattern

Hey bro.. hows you doing.. long time no see.

Just closed GJ trade


Holding my trade GU

Happy trading.. MALAYSIA BOLEH!!

p/s: Hepi sbb Malaysia menang Emas Bola

vacation mood...soon 2010 project will be lounch....whats up bro ?

At this moment, I'm looking forward for another bearish trend either sub corrective wave b in aqua or an extension of subwave iii in white. Selamat menyambut Maal Hijrah to all muslim and happy weekends.

p/s please be very careful if you are using a breakout strategy especially if you are refering to bigger tf analysis like 4h and daily. Even its look simple but in reality its not. And by using a breakout strategy u can never trade as sell at high (sell top) or buy at low (buy bottom). And further more, since you are refering to the big tf, your SL also need to be very big. And do always remember market also can perform a "False Breakout" or a "Trap" sceanrio. Good luck.