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Joined Feb 2009
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Status: azlan(BorneoFx)
|417 Posts
Attached Image (click to enlarge)
this is my first trigger today ,
im only interest on downward momentum side ,
since on monday the movement very bearish im looking a pattern breakout on the downside.
can u spot a triangle correction.?
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Joined Feb 2009
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Status: azlan(BorneoFx)
|417 Posts
can u spot the momentum since on monday?...
theres no spell, the very downside move easyly catch by our eyes...no eagleeyes need...but then...
how far the momentum progress on the favor side that were thingking off?
No absolute answer!
1. it can be applause for another correction.means were looking ahead for another breakout.
2.violation efffect by the news..
3. price pullback and change direction.
So what are the solution.
1. when it applause , its means we have another correction . I would love to see the price getting far until friday. that why 1 profit lock giving more rooms price moving forward.
2.No trade on news , at least ur get hints by fast information from broker.
in this case , im just catching news with forex factory.
3.price pullback. im getting out if thetrendline breaking on the side that not on my favor.
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Joined Feb 2009
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Status: azlan(BorneoFx)
|417 Posts
as the price going beyond further.
im only lock 1 pip stoploss.
1. giving a rooms to the price moving further
2. im only interst to close position on friday or if the trendline break.
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Joined Feb 2009
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Status: azlan(BorneoFx)
|417 Posts
since the trigger putting on...
congesting at higher high level wtih higher low level line will be guide how healty the price action with.
1. then we have dynamical movement stop loss..
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Joined Feb 2009
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Status: azlan(BorneoFx)
|417 Posts
so , its your task
to trade..im only high light the best pair to trade on .
all the pair was in down momentum.
1.eurjpy
2.audjpy.
3.gbpjpy
4.gbpusd.
can u spot wheres the correction area? and thus..joining the momentum on recent move..
1. for me...im only concentrated with eurjpy at the moment.
-because selective a very best momentum to join in....
this is real practise...
can you spot diffrential momentum all the pair. Get the slope...slopee...slopee..lurahh..penurunan yang sangat turun..kecerunan...kejatuhan yang kuat...
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Joined Feb 2009
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Status: azlan(BorneoFx)
|417 Posts
many traders employ 3 subject lining at priority.
1.more significantly technical analysis , 2.fundamental and 3.money management.
1.Its - nothing about timing .
2.the price flows because of momentum . then its applause to digesting another news . Perhaps some news doesn't directly interact the market behavior . 3.the chart are discount for everything , the market situation a already drawn on your chart.
4.Real question is , how further can its move??
5.No body know.
as a technical analyzer many getting trap subjective to the pairing doesnt move or didnt react anything - so slowly. 6.Simply is because the currency vs another currency move in the balance shift with same strength. 7.open your 4 hour chart , get really spot a momentum beyond.
this is the very first beginning.
practicing finding a very fast pairing move....
at the moment look at EU , EJ and AudJpy....