Which means It is going to break and bull?

If it hold, then it bcome double TOP.
If it doens't hold, mean a breakout of double BTM

20feb09
as before, the zip file contain all the TL chart I drew today.

use it as a reference.

If anyone cannot download it, let me know.
Coz it kinda hard work for me to upload chart one by one


Attached File(s)
 20feb09.zip ( 952.39k ) Number of downloads: 7

Thanks for the chart. I suck bad on drawing it so I appreciate it.

Anyway, I found this on ForexFactory. It so good that it can solve any breakout and answers to all question when trading Forex!

http://web.ics.purdue.edu/~ssanty/cgi-bin/eightball.cgi

My opinion of the UJ:
A bull is on the way. As of my daily charts (yes , i am pure tech) the EMA has crossed upwards. A sign that it 'may' be a bull. Some of you might say it could be juz a whip, but here's what's supporting my two cents. As of the S&R indicator, it shows an upward signal. Even though it's been consecutively upwards for the past days, overall is still going up. Moving on to Bollinger Band (BB), the elasticity is growing. A trend sticking to to upper part of the band shows there is still room for the bull. If you were to refer to the MACD historgrams, yes it shows small signs of a down wave. Do take note i refer it as a wave instead of the changing trend. If you were to look a lil more, you'd see the linear lines of MACD has shot thru the 0.00 level and is still heading up. By stochs you can see the past 3 waves were getting higher highs, another sign of futher uptrends. Do take note once it is nearing overbought. Another longer term would be weekly as you can see early signs of change. While news may affect the direction, I still kinda think it's a nice bull .

For the sifus out there and reading, please do comment. You know la, we all still wana learn more about this FX industry.



This post has been edited by LeonTak: Feb 21 2009, 12:46 AM

Leontak, welcome to the forum, and i agree with your analysis although i just use one simple indicator.

The chart indeed doesn't lie, commodities are bottoming and Dow is trying to set in a permanent bottom. The reason for bank stocks to free fall is because investors are bailing out due to the imminent nationalization. IT's inevitable but once EU, Great Britain and US nationalize their banks, then the recovery will start.

IT's just a matter of time.

Hi

Wow, today open mt4 saw EU bull like hell.

What's up bro; please wake me up when GU hits 1.30 and below.

So far it seems like RHB employees don't know what they talking about.

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Added on February 21, 2009, 10:15 amShort EU to 1.20? I'm havin' a laugh.

This post has been edited by AdamG1981: Feb 21 2009, 10:15 AM

LOL, in the question text field, what shuould I type? Will UJ bull?

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Added on February 21, 2009, 10:17 amWelcome, welcome

This post has been edited by bulkbiz: Feb 21 2009, 10:17 AM

thanks....

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Added on February 21, 2009, 10:22 amthx for the site...

This post has been edited by vinching: Feb 21 2009, 10:22 AM

Dang, the Eur/USD bull like crazy but I only use TP 10 pips away. Should have put trailing stop...

Hey you know how to put trailing stop below 40 pips because mine only limit to 40 pips only.

And the kuasaforex site is over-reacting(stupid) and don't show the reality of real world trading. Kinda stupid when all the books is actually made by Dr. Elder and not him. He just translate it to Malay.

Advertisement is like that, they only show how much they profit but they never tell you how much they had loss.

EA if it works so well u think they bother selling it to u? LOL !

Haha. Yeah but this EA I found in ForexFactory do give out for free. made by SonicR himself!

http://www.forexfactory.com/showthread.php?t=83521

but I don't know how to use it Anyone try it? I heard it produce good result.

Sonic R system is a scalping tehcnique, I have tried before and it actually works, anyway using this system requires your experience also in predicting the market movement. Read raghee book to find out how the "wave" can determine the market trend:)

This post has been edited by bulkbiz: Feb 21 2009, 03:20 PM

Oh, I think I'm gonna download Raghee book.

So only turn on this EA only when all the signal for either buy or sell is completed? How long do I have to turn it on?

I have tried his Sonic R system but not the EA, it is the same actually.

Oh. Is it similar to Snic V2 or V3?

ahaha .. malaysian maa ...cetak rompak expert. same as mesin duit and robo forex. i've seen both their codes. its the same EA by alejandro galindo. they just change the name and sell it as their own .

is show loss, die lor . nobody want

haha yeah yeah .... if they do sell it, price must be super outrageous

SonicR and Sonic Striker is two different trading method .. SonicR EA is made by Beachboy (still under development) and SonicStriker is made by Sonic himself but no longer supported.


anyway ,,, just wanted to ask you guys .. which pair do you think is the best for scalping on M1 ? EJ is nice but the movement kinda unpredictable.