EJ Part 2(Final Part)

*cancel my Pending Purchase Order Buy for EJ. EJ now more bearish bias at TF1hr and 4hr.

EJ Part 1

TF DAILY
EJ bias Bullish.
TF4HR
EJ hit 38.2% fibo retracement. Hopefully time for retracement for EJ.Waiting AO to turn blue and qqe crossing.

TF1HR
Bullish Signal for EJ retracement
1. 3AO bar blue, bias bullish.
2. waiting qqe crossing 50 for bullish signal.
My Position:
Pending Order:
Buy Stop : 165.38
Take Profit 1: 165.63
Take Profit 2: 166.41
Stop Loss : 164.75
*If break 164.60, I will cancel my PO

UCAD (Part 3-Final Part)

Report from CIBC world market released at 9.00pm (malaysian time) and UCAD expected range: 0.9725-0.9850.

Open post and clossed deal:
Pergerakan UCAD agak perlahan...akhirnya UCAD telah berjaya break 0.9975 dan disitu lah sepatutnya PO sell open. Take Profit hanya berjaya sebanyak 20 pips sahaja. Saya telah membuat sell di 0.9808, diatas sebab-sebab yang tak dapat dielakkan...saya terpaksa close deal awal...dapatlah 16.34 usd ...cukuplah untuk breakfast roti canai selama seminggu, Alhamdulilah....

UCAD part 2

Report from CIBC world market released at 9.00pm (malaysian time) and UCAD expected range: 0.9770-0.9875.

Technical analysis:
Ucad tidak berjaya menembusi fibo 38.2% tf daily, fibo 38.2% sudah pasti adalah fibo for retracement (the golden ratio). kemungkinan ucad akan membuat retracement sehingga 0.9875 (mengikut range yang telah diberi oleh CIBC world market report.Sekiranya UCAD dapat membuat breakout fractal bullish 4hr di o.9879 (upper green line), kemungkinan UCAD akan bullish sehingga 0.9935. Selepas itu UCAD akan tamat retracementnya dan akan kembali kepada Daily Main Trend iaitu Bearish. Fractal sell 4hr telah valid. Trader bolehlah membuat pending order di fractal sell di 0.9975.

Major trend still bearish at Daily time frame. So, just follow the trend..

UCAD

Year end 2007...market slow gila sebab low votality akibat daripada floor trader gi bercuti..spead pon meningkat..memang tak sesuai untuk trade hujung tahun ni...pergerakan EJ pon lambat. Jom tengok pair lain sementara tunggu EJ laju balik..munkin tahun depan baru laju balik EJ ni..saya baru dapat info. bahawa harni canada akan menguat..bermakna UCAD akan jatuh...so..jom tengok prediction UCAD...
UCAD ni kalau mengikut tecnical analysis..skarang tengah cantek ni..berada betul-betul atas garisan golden ratio 38.2% (fibo daily)....munkin akan retrace sebelum turun balik (ingat, fibo 38.2% dan 61.8% adalah golden ratio dimana biasanya trend akan retrace sebelum sambung pada trend asal...tapi kalau tengok 4 hr..dah ada fractal terbentuk..cuma blom valid jer lagi..lagi 54 minit valid..kalau valid fractal 4hr ni..lepas tu ao 4hr dah tukar color merah...boleh buat pending order kat fractal ni kat (po sell 0.9775)1st tp 0.9653 (fibo daily 50%) an 2nd tp 0.9513 (fibo daily 61.8%) sl 0.97825 munkin ucad nak turun banyak...sebab kalau ucad berjaya pecah fibo 38.2% daily ni tanpa rebound..memang turun banyak rasanya..insyaallah..tapi spread 12 tu..hehehe...

What to Look for When Considering a Market to Enter

Please remember the typical market spends from 70% - 85% of its life going nowhere. In that portion of market action, most traders lose. Only 15% - 30% of the time does the market trend (Trending Market After a "Breakout"-I'm using fractal tf1hr & 4hr as a breakout signal.), and traders who are not on the floor make nearly all of their profits in the trending market.

money isn't everything...

Have a good laugh....

Chaos Trading System by Bill Williams, PhD

Let's trade with chaos:
On the chart apply following tools
Alligator - Three SMAs (13/8/5) with a future offset of 8/5/3 respactively.
Fractals - 5 bars sequence where middle one has highest High / lowest Low and its preceded and followed two bars have lower highs / higher lows
preceded by two lower highs and is followed by two lower highs
Awesome Oscillator (AO) - difference between the 34-period and 5-period simple moving averages of the bar's midpoints (H+L)/2
Acceleration Oscillator (AC) - difference between 5/34 momentum histogram (AO) and a 5-bar simple moving average on the AO

To apply then into MetaTrader 4 platform use these menus
Alligator: Insert -> Indicators -> Bill Williams –> Alligator
Fractals: Insert -> Indicators -> Bill Williams –> Fractals
Awesome Oscillator: Insert -> Indicators -> Bill Williams –> Awesome Oscillator
Acceleration Oscillator: Insert -> Indicators -> Bill Williams –> Acceleration Oscillator


Entry:
When (Alligator) lines are opening we put a buy stop one point above the most recent fractal outside of the lines in trend direction

Exit:
When (Alligator) lines are closing we are closing too.

we stay out of the market when and while lines are intertwining.

Adding:
After the first fractal is taken, we take any and every signal in that direction.

Adding Entry Signals:
AO:

1. we go long when AO cross zero line from negative to positive values and short on the opposite scenario.
2. we go long we have 3 consecutive AO bars above zero line last two having higher highs (i.e. AO pulls back for a while)

- opposite for sell

AC:

1. Go long after two consecutive bars above zero line
2. Go long after three consecutive bars below zero line
   

-for short - reverse scenario

QQE (The strength Indicator (SI) or QQE-Value: Smoothing 5):

1. we go long when QQE cross over the 50 lines upwards and short on the opposite scenario. If 1hr QQE iw way above the 50 line by the time QQE get across over confirmation from 4hr, which means a major retracement is due. Please wait until 1hr QQE turn bearish and go back to bullish again to enter.

References:
http://www.profitunity.com/
http://trading-chaos.blogspot.com/2007/05/chaos-trading-system.html
http://www.forexfactory.com/showthread.php?t=26044
http://www.pnwenterprises.com/auslanco/4-1strategy.htm
http://www.forexfactory.com/showthread.php?t=40582

Welcome to my blog...

Hi...

Welcome 2 my little blog...

I am planning 2 use this blog as a medium 2 share my prediction on GJ and EJ.

Hope it will be useful...

Thank for dropping by...