NZDUSD

the best opportunity I spoted today. Now I fully wait for this one



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EU monthly big picture


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What is this? My mt4 got prob?


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Whole BIG picture right now. I spending around 4h (not yet include yesterday night) to think think think and think.

Now, How to prove that I'm wrong? If the price break 1.5560 and direct goes down. We're dead fish. Means my analysis today is ALL WRONG. Means the market is going down.

On fundamental side,
(1) Santa Rally - Brings the market UP
(2) Year End, Government will try to do their best to make sure their year end record tends to be a better result.

Tat is why I think it will goes UP.

I holding EU long, you can see from the chart. I mostly wont close the trade unless it breaks 1.5560, I will either LOSE damn pain, Or either WIN back.

Belows is the news about DOW and OIL, have a look on that.
http://www.cnbc.com/id/27949592


Discussion on DOW, DOW monthly chart is a hammer, indicators showing +ve divergence. We're heading UP (for me)
Dow Friday goes up closed with +133. DOW CHEONG UP jor.

Discussion on OIL
Yesterday night, last 3 hour of OIL trading hours, OIL spike up 52 to 55 in 1 hour. Finally closed above 55. So we will expect a GAP up on EU by monday.

BUT BUT BUT:
OPEC report today will be out, if supply cut off, we win EU. if supply didn't cut off, we damn EU.

Here's the news about the posibility that OPEC may not cut the production.
http://www.cnbc.com/id/27956451



This post has been edited by mphpopular: Nov 29 2008, 05:02 PM


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I finally know how to make the price together with FIBONANCI.
Refer the following.


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Haha. Finally we got the answer. I also get it from others. Besides, GO open all major pairs and look on monthly chart. The monthly candle, for most of the pairs will be either HARAMI or DOJi. Very BIG BIG uncertainty in market.

Clue.

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Added on November 29, 2008, 9:41 pmAnother one have join us, Welcome

This post has been edited by mphpopular: Nov 29 2008, 09:41 PM


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I'm still improving myself on locating the divergence. Plz correct me if I'm wrong.


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Means when on UT, we use HH. when in DT, we use LL. Am I right?

Thanks, you show me a good point.

I'll be not around for this week. But juz post me an example so that I could get some basic info from your chart. Thanks in advance. Divergence, I'm new. LOL

GU


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I'm in hometown now. I cant post a chart for right now.

H&S which has broken on H1 tat day, the technical target have reached.

But open up EU m15 chart. Price struggling btw 2683 & 2741. Draw two horizontal line there. So now wait for breakout. I prefer a breakdown happen. If breakup, I long wif care.

Open H4 chart. You can draw a DT channel. From 25/11 until 01/12. The price now moving horizontally and almoz reach the upper line of the CHannel. SO preferable a short will be happen.

If you are uncertain with what you drew. Try to post up the chart and I can correct you.

Posible trade for next week:

AU 05Dec08 Weekly Analysis.

EU current outlook for me. Full of mist.


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I'm too free today. Drawing and drawing. This is what I've done for AU.


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Weekly most recommended. I gonna short it gao gao.


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I will short wif care. Somethin like this bah, I biased short in Daily TF.

So when I trade on m15 h1 TF, I will only pick short, long, i pick wif care.

all break the TL alrady.

AU break yellow TL, now should aim for red tl.

EU broken also.


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Finally you know what to do. Forums is to share opinion. My objective in forum is, I wanna see others chart. See what important point that I've missed out during my drawing. So that I wontget caught in any uncertainty.