Monday, December 12, 2011

Gbp vs Jpy, Aud vs Usd & Eur vs Jpy - Market Overview


Gbp vs Jpy (1H) - At the moment, a strong breakout either to the R3 or S3 critical line is necessary to determine which alt counts that is more in favour.


Aud vs Usd (Daily) - Preferably, I believe market have a strong potential to perform a major bearish reversal trend scenario in yellow.Otherwise, we may see another bullish rally either to complete corrective wave B in white or wave 5 in magenta.


Eur vs Jpy (Weekly) - Favourably, I'm looking forward for a potential of major bullish reversal trend scenario in yellow. Otherwise, we may see another bearish rally to perform the incomplete of major wave 5 in white. Good luck.

Saturday, December 10, 2011

How to trade swings in a range

Having a good trading strategy is probably the best thing that a trader has while trying to make profits in the markets. Today I want to discuss one particular strategy that could help you to make good money in a market of your choice. This I will do by explaining how you can trade swings in a range.

A range is a time when securities get stuck within price area that is pretty narrow and prices are confined within it for a very long time. If we take gbp/usd as an example and look at weekly charts starting from the 1st of June 2009 and finishing on the 1st of February 2010 we will see that the pair was stuck in a range. The lower part of the range (which is called support by most traders) was 1.5670 level and the upper part of the range (which is often called resistance by the same traders) was 1.7070 level. So, in a period of eight months the security was confined within a very narrow range of four hundred pips, which is very unusual for such a volatile pair as gbp/usd.

How one could have traded this kind of range? It was very easy to do. You can simply place a buy order when the pair approached the above mentioned support and go with the market till the upper part of the range was reached. When that happened you simply had to place a sell order somewhere near resistance and go down with the market when it would finally turn around and start going down.

I know that it is much easier said than done, but if you practice a lot this kind of trading strategy on a demo account you will definitely learn how to do it. It took me around five years to learn how to trade markets and master swing trading strategy. I know that some people could do it much faster, but that depends on a lot of various factors.

Wednesday, November 30, 2011

Gbp vs Jpy 1H



Favourably, I believe market have a good potential to perform a bearish retracement trend scenario either to perform subcorrective wave b in yellow or aqua. A "bull trap" pattern would bolster to this scenario. Good luck.

Monday, November 28, 2011

Gbp vs Jpy 1H



At the moment, I'm looking toward a potential of bearish retracement trend scenario to perform corrective wave b either in yellow or aqua. Otherwise, we may see another bulish continuation trend scenario perhap to complete the unfinish of corrective wave a. Good luck.

Wednesday, November 23, 2011

Gbp vs Jpy 1H



Preferably, I'm looking forward for a good potential of bullish trend either to complete subcorrective wave a in yellow (Bear Trap) or subwave 4 in white. A breakout to the upper yellow trendline and pivot critical line would bolster to this scenario. Good luck.

Tuesday, November 22, 2011

Gbp vs Jpy 1H



At the moment, I'm believe market in progress to perform either a bullish reversal trend scenario in aqua or a bullish retracement trend scenario in white. Otherwise, we may see a "bear trap" scenario in yellow. Good luck.

Wednesday, November 16, 2011

Gbp vs Jpy 1H



At the moment, I'm lookinf forward for a potential of either bullish retracement trend scenario in white or a bullish reversal trend scenario in yellow. A bounce from either bearish continuation critical line 1 or 2 would bolster to this scenario. Good luck.

Monday, November 14, 2011

Gbp vs Jpy 1H



At the moment, market just performed a bearish continuation trend scenario either refering to the alt counts in white, yellow or aqua. A valid formation of "diagonal triangle" pattern in white would bolster to a potential of bounce scenario either refering to the alt counts in white or yellow. Otherwise, we may see another strong bearish continuation trend scenario in aqua. Good luck.

Wednesday, November 9, 2011

Gbp vs Jpy 1H



At the moment, I'm looking forward for a potential of bullish continuation trend scenario either to perform corrective wave b in aqua or impulse wave v in yellow. A strong bounce would bolster to this scenario. Otherwise, I believe we may see another bearish continuation trend scenario perhap to complete corrective wave c in white. Good luck.

Thursday, November 3, 2011

Gbp vs Jpy 1H & 4H


Gbp vs Jpy (1H) - At the moment, please be careful toward a potential of bearish reversal trend scenario in white. Favourably, I'm looking forward for another bullish continuation trend scenario either to complete wave 5 in aqua (truncated) or yellow. Please be careful toward NFP announcement tonight (8.30pm @ GMT 8+).


Gbp vs Jpy (4H) - Preferably, I'm looking forward toward another bullish continuation trend scenario either in aqua or yellow. A breakout toward the bullish continuation critical line 1 would bolster to the sentiment count in yellow scenario. Otherwise, please be careful for any potential of bearish reversal trend scenario either in white or aqua ("Double Top"). I would like to wish all muslim a Happy Hari Raya Aidil Adha, maaf zahir batin. Happy holidays and good luck.

Wednesday, November 2, 2011

Gbp vs Jpy 1H




At the moment, I'm looking forward for another bullish continuation trend scenario either to perform wave v in yellow or wave 5 in aqua. Otherwise, we may see another bearish continuation trend scenario to perform corrective wave c in white. Please be careful toward NFP announcement tonight (8.30pm @ GMT 8+). Happy weekend and good luck.

Tuesday, November 1, 2011

Gbp vs Jpy 1H



At the moment, I'm looking forward for a potential of bullish continuation trend scenario either to perform subcorrective wave b (white), wave 5 (aqua/truncated) or subwave v (yellow). A valid "Falling Wedge" pattern in yellow would bolster to this scenario. Otherwise, please be careful for any breakout toward the bearish continuation critcal line 1. Good luck.


Monday, October 31, 2011

Gbp vs Jpy 4H



Favourably, I believe market in progress to perform subwave 3 either refering to the alt counts in yellow or aqua. A breakout toward the bullish continuation critical line 1 would bolster to this scenario. Otherwise, this scenario would be invalid if market further retrace and break the aqua/yellow critical line. Good luck.



Monday, October 24, 2011

Gbp vs Jpy & Gbp vs Usd - Market Overview


Gbp vs Jpy (1H) - At the moment, I'm looking forward for a bearish continuation trend scenario either to perform subwave 2 in aqua or subwave 3 in magenta. A valid "rising wedge" pattern and a breakout toward the lower red trendline would bolster to this scenario. Otherwise, please be careful for any breakout toward the magenta critical line.


Gbp vs Usd (Daily) - Preferably, I believe market in progress to complete a "bull trap" pattern and therefore I'm looking forward market to perform either a bearish continuation trend (subwave 5) scenario in yellow or a bearish retracement trend scenario in aqua (subwave 2). Good luck.


Wednesday, October 19, 2011

Gbp vs Jpy 1H



At the moment, a breakout toward the bullish continuation critical line 1 and 2 is still yet remain to be seen to determine either market in favour to perform a bullish reversal trend scenario in yellow or not. Otherwise, I believe we may see another bearish continuation trend scenario either in aqua or magenta.

Tuesday, October 18, 2011

Gbp vs Jpy 1H


At the moment, I believe market in progress to complete subwave 2 either refering to the alt counts in yellow or aqua before a potential of bullish continuation trend scenario. A bounce from either Fr 50% or 61.8% would bolster to this scenario. Otherwise, we may see market further perform a bearish continuation trend scenario in magenta. Good luck.

Monday, October 17, 2011

Gbp vs Jpy 1H & 4H


Gbp vs Jpy (1H) - At the moment, I'm looking forward for a bearish retracement trend scenario to perform either subwave 2 in yellow or aqua. Otherwise, we may see a LTL bounce and bull trap scenario in white.


Gbp vs Jpy (4H) - Preferably, I'm looking forward for a potential of major bullish reversal trend scenario in yellow. A strong bounce from either FR 50% or 61.8% would bolster to the alt count in yellow scenario. Otherwise, we may see a "triple bottom" scenario. Good luck.

Thursday, October 13, 2011

Gbp vs Jpy 41H



At the moment, I'm looking forward for a potential of bearish retracement trend scenario to complete subwave 2 in yellow. A breakout toward the lower red trendline and follow by a strong bounce either from Fr 50% or 61.8% would bolster to this scenario. Otherwise, please be careful for another bearish continuation trend scenario in aqua or magenta. Good luck.

Wednesday, October 12, 2011

Gbp vs Jpy 1H




Favourably, I believe market in progress to perform a bullish reversal trend scenario to complete subwave 3 in yellow. A further breakout toward the aqua critical line would bolster to this scenario. This scenario would be invalid if market further retrace and break the yellow critical line. Otherwise, we may see a strong retracement trend scenario perhap to complete subwave 2 in aqua. Good luck.


Monday, October 10, 2011

Gbp vs Jpy 1H



At the moment, a breakout toward the aqua lower trendline would bolster to the bearish retracement trend scenario refering to the alt count in yellow. Otherwise, I believe market will perform another bullish continuation trend scenario perhap to complete a "diagonal" triangle" bullish trap pattern in aqua. Good luck.

Sunday, October 9, 2011

Gbp vs Jpy 1H



At the moment, I'm looking forward for a potential of bullish reversal trend scenario either refering to the alt counts in yellow or aqua. Otherwise, this scenario would be invalid if market break the bearish continuation critical line 2. Good luck.

Thursday, October 6, 2011

Gbp vs Jpy 4H



At the moment, I'm looking forward for a potential of bullish reversal trend scenario either refering to the alt counts in yellow or aqua. A breakout towards the upper green trendline would bolster to this scenario. Otherwise, please be careful for another extension or major wave 5 in magenta. Happy weekend and good luck.

Monday, October 3, 2011

Gbp vs Jpy 1H



At the moment, I'm looking forward for a potential of bullish reversal trend scenario either refering to the alt counts in yellow or aqua (double bottom). Otherwise, please be careful for any breakout toward the bearish continuation critical line 2. Good luck.

Tuesday, September 27, 2011

Gbp vs Jpy 1H & 4H


Gbp vs Jpy (1H) - At the moment, I'm looking forward for a potential of bearish retracement scenario to complete subcorrective wave b in yellow before expecting for another bullish continuation trend scenario. Otherwise, we may see another bullish continuation trend scenario in white.


Gbp vs Jpy (4H) - Preferably, I'm looking forward for a formation of potential "Inverted Head n Shoulder" pattern in yellow that would favour toward a bullish reversal trend scenario. Otherwise, we may see another strong bearish continuation trend scenario in magenta. Good luck.



Monday, September 26, 2011

Gbp vs Jpy 1H



At the moment, I believe market will perform another bearish continuation trend scenario either to complete subcorrective wave b in yellow or sub wave 5 in white (double bottom) or magenta/aqua (Bear Trap). Good luck.

Sunday, September 25, 2011

Gbp vs Jpy 1H



Preferably, I believe market in progress to complete either subwave 4 in magenta/aqua or subcorrective wave a in yellow before expecting for another bearish continuation trend scenario either to perform subwave 5 or subcorrective wave b. A pullback either from the FR 50% or upper green trendline would bolster to this scenario. Good luck.

Thursday, September 22, 2011

Gbp vs Jpy 1H & Weekly


Gbp vs Jpy (1H) - At the moment, favourably I believe market will perform another bearish continuation trend scenario either refering to the alt counts in aqua or magenta. A pullback from the pivot critical line or FR 38.2% would bolster to this scenario. Otherwise, we may see a potential bullish reversal trend scenario in yellow.


Gbp vs Jpy (Weekly) - At the moment, I believe market in progress to complete major wave 5. A potential of "Bear Trap" or bullish reversal trend scenario in yellow is still remain to be seen. Happy weekend and good luck.

Tuesday, September 20, 2011

Gbp vs Jpy 1H & 4H


Gbp vs Jpy (1H) - At the moment, I believe market will perform another bearish continuation trend scenario either to complete subcorrective wave b in yellow or the incomplete of subwave 5 in magenta before any potential towards a bullish reversal trend senario. A valid "sub-rising wedge" pattern in magenta would bolster to this scenario.


Gbp vs Jpy (4H) - Favourably, I believe market just in progress to complete a "Bear Trap" scenario which is a typical pattern in diagonal triangle reversal indentification. Either we shall see market to further down until 118.xx before a possible reversal or reversal soon is still yet remain to be seen. Good luck.

Thursday, September 15, 2011

Gbp vs Jpy 1H



At the moment, market just pullback from the R3 critical line. A breakout toward the bearish continuation critical line 1 would favour to the 118.xx scenario (magenta). Otherwise, I'm looking forward for a good opportunity toward a bullish reversal trend scenario either in aqua or yellow. Happy Malaysia Day and good luck.

Wednesday, September 14, 2011

Gbp vs Jpy 1H



Favourably, I believe the bearish trend is already exausted. Therefore, I'm looking forward for a potential of either a bullish reversal trend in yellow or a bullish retracement trend in magenta. Otherwise, please be careful since market also have potential to re-test the previous support 118.79. Good luck.

Tuesday, September 13, 2011

Gbp vs Jpy 1H & 4H


Gbp vs Jpy (1H) - At the moment, I'm looking forward for a potential of bullish reversal scenario refering to the alt count in yellow. A bounce from the support critical line would bolster to this scenario. Otherwise, we may see another bearish continuation trend scenario(trap).


Gbp vs Jpy (4H) - Preferably, I'm looking forward for an opportunity of bullish reversal trend scenario in yellow. A breakout toward the upper yellow trendline would bolster to this scenario. Otherwise, we may see market perform another bearish continuation trend scenario in magenta. Good luck.


Monday, September 12, 2011

Gbp vs Jpy & Gbp vs Usd - Market Overview


Gbp vs Jpy (1H) - At the moment, a strong bounce scenario would bolster towards a potential of bullish reversal trend scenario either refering to the alt counts in yellow or aqua. Otherwise, please be careful for another bearish continuation trend scenario either refering to the alt counts in white or magenta.


Gbp vs Usd (Daily) - Preferably, I believe market may in progress to perform a bearish reversal reversal trend scenario either refering to the alt counts in aqua or yellow. A further breakout toward the bearish continuation critical line 1 would bolster to this scenario. Otherwise, please be careful if market bounce back from the white critical line. Good luck.


Thursday, September 8, 2011

Gbp vs Jpy 1H



At the moment, a breakout toward the upper green trendline is still yet remain to be seen to determine that market in favour to perform a bullish reversal trend scenario. Otherwise, we may see another larger pattern of diagonal triangle to complete a "bearish trap" scenario in aqua. Happy weekend and good luck.

Wednesday, September 7, 2011

Gbp vs Jpy 1H



At the moment, a strong bounce scenario would bolster toward the alt count in yellow. Otherwise, I believe we may see a potential of "Bearish Trap" pattern in aqua before expecting toward any bullish reversal trend scenario. Good luck.

Monday, September 5, 2011

Gbp vs Jpy 1H



Preferably, I'm looking forward for a potential of bullish reversal trend scenario either refering to the alt counts in yellow (double bottom) or aqua (bear trap). A valid diagonal triangle pattern would favour to the alt count in yellow scenario. Happy Hari Raya Aidilfitri & Maaf Zahir Batin. Good luck.

Thursday, August 25, 2011

Selamat Hari Raya & Maaf Zahir Batin



I would like to wish all muslim a Happy Hari Raya, maaf zahir batin. Happy holidays and may everybody have a safe journey. See you all after raya, insya Allah.





Wednesday, August 17, 2011

Gbp vs Jpy 1H





Preferably, I'm expecting market to perform a bearish retracement trend scenario to complete corrective wave b either in yellow or aqua. A breakout to the pivot critical line and lower red trendline would bolster to this scenario. Otherwise, I believe we may see a "bull trap" pattern in white. Good luck.


Wednesday, August 10, 2011

Gbp vs Jpy 1H





At the moment, I believe the bearish trend is already exausted therefore I'm looking forward for a potential of bullish reversal trend scenario either refering to the alt counts in white or yellow. Otherwise, please be careful for a potential of another trap pattern in aqua (diagonal triangle). Good luck.




Tuesday, August 9, 2011

Gbp vs Jpy 1H





At the moment, I'm looking forward for a potential of bullish reversal trend scenario either refering to the alt counts in aqua (Inverse HnS), white (double bottom) or yellow (Bear Trap). Otherwise, please be careful for any strong breakout toward the bearish continuation critial line 3. Good luck.


Monday, August 8, 2011

Gbp vs Jpy 1H





At the moment, I believe market already completed a truncated scenario of subwave 5. Preferably, I'm looking forward for a potential of bullish reversal trend scenario either refering to the alt counts in yellow, aqua or white (double bottom/bearish trap). Good luck.


Sunday, August 7, 2011

Gbp vs Jpy 1H




At this moment, I'm looking forward for another bullish continuation trend scenario either to complete subwave 5 in yellow, aqua or white. A breakout toward the bullish continuation critical line 1 would bolster to this scenario. Otherwise, I believe we may see a truncated scenario of subwave 5 in magenta to perform subcorrective a,b and c. Good luck.