cable bounce

cable 4h chart above formed double bottom perfectly,in this situation we could get in and follow the bouncing toward 2.0215,anyway the rules is simple,just watch out the 1.9991 ,2.0090 and 2.0130,my strategy just long as long as 1.9950 to 1.9970 suport zone hold,rebounce would strong if price break 2.0130,so my 1st target around 2.0130 while my next target is above 2.0215.when the price pass 2.0215 we could see another peak around 2.0513 but if the price 2.0215 still hold as a strong resistance the cable should retry again to the downside,if cable fail to pass 2.0090 level the rebounce is weak and anytime price could weak to retry another low.be careful just mark your chart with the important level 1.9970,2.0090,2.0130 and 2.0215..the conclusion on monday trade cable still hurt cause drop from 2.0397 to 1.9991 low.ok trader don't forget to place your stop loss and good luck;)

shooting star

cable show shooting star at 4h chart,this is a reversal signal,just confirmation with closing below 1.9840 need to accelerated this reversal pattern,if there have a much volatility,then cable close a daily candle below 1.9740,then i like to focus 1.9450 as a next target,base on 4h chart above i would like to sell cable.my 1st target around 1.9739,2nd=1.9664 and 3rd=1.9593,in case 4h candle close above 1.9915,then i should lock my sell with a buy position to cover,u could put a stop loss around 1.9915 to,anyway we have a testimony from mr.bernanke today,so be careful.Dont forget to trailing your stop loss,good luck;)

cable bounce

above is a 4h hourly chart chart for pound sterling,i expect cable would bouncing first toward 38.2 fibo level=1.9505,50%=1.9549,61.8%=1.9593 0.786%=1.9650,while candlestick formed reversal pattern,it's curios to alert for bounce,my broker show hammer,maybe some broker show piercing line,anyway,both are reversal pattern,for secure your position,i would like to confirm to break 1.9499=23.6% fibo level first,my entry after pass this level,and my stop loss about 25pips after entry point,i could't be deny risk to downside,while the major trend have a big bear,that's why i put a stop loss.like the ball bounce up and down,we always need a bounce to accelerate the speed..hehe.This is simple,then be careful potential reversal zone maybe formed around 1.9630 to 1.9660..tade smart and good luck;)

sorry guy i just see my mistakes,actually 23.6%=1.9449 not 1.9499..typing error..anyway god bless u;)

extreme selling pressure

Above is a monthly pound/yen chart,there are complete head and shoulder pattern after breaking neckline around 230.20.healthy bearish candlestick and stronger bearish adx show a weakness and it is very dangerous to take a long position,Head and shoulder pattern should reach 200.11 as a first selling target,then after bounce the pound/yen should try again breaking the first target toward 61.8% fibo retracement around 187.72..we would like to look after first quarter if have a chance to carry yen.Then good luck trader,be careful:D

happy new year

hello all,

happy new year and may god bless you,i will update my blog after 15jan2008,let the big boys create the way first.while trading have a high risk,we should smart to win the battle.happy vacation:D

pound to downside again

Hello all trader,

Sorry i have a very2 noisy week last week,so here i stole my golden time to meet you again.hehe.I see a cable on my daily chart show a morning doji pattern,it's means reversal,but i think this pattern is reject.it's look like rest situation and then sell off cable again
.This is because we still never meet actual target at 161.8 fibonacci level around 1.9856.Then my weekly and daily adx still show a strong bearish momentum. We could see a deeper cable turning after break psychology level at 2.0.my strategy this week sell cable as long as 2.0350 hold,and another sell position below 2.0520.ok all happy trading and goodluck,don't forget to trailing your stop loss after gain 100pips or more to secure your profit;)

belt hold

I see bearish belt holt at my 4hour cable chart.it means reversal sign when occur at uptrend.my adx show a seller pressure toward 2.0594=ema 200 and challenge to the lowest before around 2.0525.my strategy sell high as long as 2.0843 hold.take profit around 2.0270,dont forget to trailing your stop loss after gain 100pips.good luck and happy trading.