Posted by millionaire | Tuesday, November 23, 2010 | | 1 comments »





hello trader.i will not update till new year,need to focus my therapy program outside internet zone,just leave my sell position gbp/usd toward 1.48---1.50 zone with the stop loss around 1.6400(see the previous post on 4hour and daily chart cable 12nov).good luck everyone!!

i leave my view for eur/usd and dollar index for reference and complaint:P

Eur/usd 4hour update:

Expect 1more rebound toward 1.3970---1.40 zone in condition the price sustain trading above 1.3800 zone,while 1.3780 hold as minor resistance focus remain to the downside toward previous low 1.3467 where the breakdown below will target 1.30----1.3300 zone,All in all in the bigger view as long as 1.4280 hold the longer term focus toward 1.2700---1.30 zone as an immediate target following preious low 1.18++ as a next target,only a clear breakout above 1.4280 will turn the upside bias toward 1.45---1.50 zone.


usdx daily chart update:

Still consolidate mood,pulback should limit above 76.70 and bring another rise toward previous high around 79.50 zone where sustain trading above that level expose psych level 80.00 and following 50%----62%fib ret(88.83----75.25)=82.00----83.70 zone as a next target,only clear break below 75.25 will resume downside target toward 72.00--70.00 zone.if not 88.80 maybe next upside crazy target :) in condition price dancing steady above 83---85 zone:P

ok guys happy trading and dont forget to plan your trade,take care!!

Posted by millionaire | Wednesday, November 17, 2010 | | 0 comments »


Eur/yen update:

looking decline toward 109.50---110.50 zone...valid while 114.00 hold.eat 80% or 50% when the price hit 111.75..

Posted by millionaire | Wednesday, November 17, 2010 | | 0 comments »




gbp/usd update:

The cable continue weaken,expect more downside target toward 1.5750 even to 1.5650 in condition 1.5960 hold as resistance

Posted by millionaire | Tuesday, November 16, 2010 | | 0 comments »




6j yen update:

while 6j yen breakdown below the uptrend channel seems more correction would be seen..looking ahead 1.16----1.18,this situation suggest more upside target likely insight for the mostly all the yen cross,this should happen cause 6j movement very opposite 99% with usd/yen chart especially,see the usd/yen chart below,


usd/yen update:

focus toward nearest resistance 83.70----84.00 zone where sustain trading above that level bring usd/yen higher toward 85---86 zone,while below 82.00 as a first sign for the small correction toward 81.60 zone....

Posted by millionaire | Sunday, November 14, 2010 | | 0 comments »










usd/yen update: with the clear breakout above 82.80 next upside target for uj should be 84---85 zone,below 81.60 expose usd/yen toward previous low around 80.20 zone.For the bigger view take a look at the 4h chart below




usd/yen 4h:

Above 82.80 looking ahead toward 84---85zone .Below 81.50 will invalidate this view and bring bearish resumption to the previous low.just to share my scratch plan,u can analysis by yourself.All the best and whatever plan to trade dont forget your best money management:P

Posted by millionaire | Friday, November 12, 2010 | | 1 comments »




gbp/usd update:

Above is 4h chart for the cable,from the low area around 1.4180 we start a nice rally look like zigzag pattern where currently 1.63 as a temporary top,in the 2nd point rally the cable start from 1.56++ to as high as 1.63,and the tuesday low around 1.5970 located around 50% zone from the rally 1.56++ to 1.63,this situation suggest more upside could be seen but need a confirmation to sustain trading above the 1.6180 to retry previous high around 1.63.while yesterday high low from the top 1.63 to the low 1.5970 bring the retracement to 76.8%=1.6180 where we can see today,in the short term view likely 1more impulsive down is possible toward 1.5830---1.5860 in condition 1.6200 hold and the confirmation breakdown below 1.5960 is needed for more downside target.In the bigger view,see daily chart below,


gbp/usd daily:

While the daily chart show currently the cable still in the triangle(inside the yellow line) which the rally start from the lowest 1.35++--------1.70....then 1.70 to 1.4180 and the 1.4180-----1.6300,for the easy simple basic information while 1.63 hold the focus should be the lowest inside the yellow line should be 1.4800----1.50 zone(this price agree with the 76.8% and 61.8% ret from the rally 1.4180 to 1.6300)of course the are still many confirmation but this is what i see:P and u can check by yourself:S

All in all the breakout above 1.63 possible expose the cable higher around 1.65 even 1.70,but if the 1.6300 establish as a strong resistance the testing toward 1.4800---1.50 zone could not be deny where a sustain trading below that level for sure will hit 1.35 zone again:P
this journey will not working in 1 day or 1week but possible for 2 or 5 month ahead:)

p/s:trade your plan and do your best money management rules.All the best!!!

Posted by millionaire | Wednesday, November 10, 2010 | | 0 comments »


eur/update:

first rebound fail to sustain above 1.3830,below 1.3780 euro still have the risk to challenge 1.3735---1.3690 zone where sustain trading below that level expose euro deeper and bring downside resumption to the nearest support zone 1.3630,only the true breakout above 1.3835 will bring strong rebound toward 1.3880---1.3900 zone

Posted by millionaire | Wednesday, November 10, 2010 | | 0 comments »


eur.usd update:

Euro still need a confirmation above 1.3830 to bring strong rebound toward 1.3880 zone,below that level the bias remain to the previous low again(revisit 1.3690---1.3730 zone)

Posted by millionaire | Wednesday, November 10, 2010 | | 0 comments »


eur/usd update:

After euro collapse around 1.3735 i am looking for the correction from the (1.4280--1.3735 movement)toward 1.3900----1.40 zone for resell,price need to breakout above 1.3840 zone to spike higher around 1.3880---1.3900.A failure dancing above 1.3840 may risk euro to retry 1.3735 back.Be careful and good luck!!

Posted by millionaire | Tuesday, November 09, 2010 | | 0 comments »




eur/usd:

Exit all buying position take 10% loses,below 1.3880 indicate more downside pressure for euro,a closing candle on daily basis lower than 1.3850 should expose euro toward 1.3730---1.3750 zone,need rebound above 1.3880---1.3900 zone to bring some positive recovery toward 1.3980.


gbp/usd update:

Exit all buying position take 5% loses,Still inside the channel,above 1.6165 should bring the cable to 1.6200 while below 1.6040 expose the risk to challenge 1.5980.

Posted by millionaire | Tuesday, November 09, 2010 | | 0 comments »


gbp/usd update:

for the short term period breakout small triangle is needed to be the first sign to the next movement ,above 1.6170 looking forward toward 1.6200 where breakout above expose previous high around 1.6300 while breakdown below 1.6100 sink the cable deeper toward 1.6080 where penetrate that level will heading the cable lower around 1.60----1.6040 zone.

Posted by millionaire | Tuesday, November 09, 2010 | | 0 comments »


eur/usd update:

for the short time period eu still hold temporary support around 1.3880 where breakdown below should hit 1.3850,focus now rebound toward 1.3980 where breakout above expose 1.4020.failure to rebound may bring euro retry previous low around 1.3880.

Posted by millionaire | Monday, November 08, 2010 | | 0 comments »


eur/usd update:

Seems strong profit taking after a good nfp result,for the short term period below 1.3980 the euro still expose for the downside,a daily closing on daily basis below 1.3857 will sink euro deeper(i''ll exit all buying position on that rule)current price retrace below 61.8% from 1.3735----1.4280= 1.3950,im looking ahead the rebound toward 1.3980 where a true breakout above that level is needed to declare short term bottom.If not then the bear should take the place for several days is likely.

Posted by millionaire | Saturday, November 06, 2010 | | 0 comments »



eur/usd update:

All the previous post clear with consistent profit(bulihla wat kaber2x rugi dulu..kehkeh)
Just floating with new buying position after nfp(gatal tgn entry kocik.heheh)ready add more buying around 1.3950---1.4010 zone.One candle daily open below 1.3930 should indicate more downside pressure and i will consider to exit all buy position.in short let see the price dancing inside the channel,below 1.4010 expose the price toward 1.3940 while above 1.4080 should bring the price toward 1.4150.

Posted by millionaire | Friday, November 05, 2010 | | 0 comments »


eur/usd update: current price euro stop on 161.8% fibo line..let see the price dancing inside the white channel.breakdown below 1.4180 expose euro toward 1.4140...failure tp establish below 1.4180 may bounce back euro to the upside channel..good luck!!

Posted by millionaire | Thursday, November 04, 2010 | | 0 comments »


eur/usd update:nice moving eu,close again 80% new buy positon,leave 20% lots toward 1.4330---1.4350 zone,protect your position with green sl.below 1.4170 maybe first sign of pulback.Be careful and goodluck!!

Posted by millionaire | Thursday, November 04, 2010 | | 0 comments »


eur/usd:

Exit 80% buy position,current price seems sideway in the small range 1.4110--1.4150.above 1.4080 next target should be 1.4185(yesterday high),below 1.4080----1.4030 zone will indicate temporary top already in place and bring deeper correction toward 1.3980.Breakout above 1.4185 expose the price to the nearest resistance around 1.4220(20dec2009 low)

Posted by millionaire | Thursday, November 04, 2010 | | 0 comments »



eur/usd and usd/chf update: thank to fomc....and thank to God...g00d luck everyone:D

Posted by millionaire | Wednesday, November 03, 2010 | | 0 comments »


eur/usd update: exit sell position 100%(see previous post)..take 5% loses.leave just small buy position before running with stop loss at the break event ,after triangle breakout yesterday(see previous post)i doubt about my sell position,because technically speaking,current price risk to challenge 1.4080 where true breakout above expose previous high around 1.4160.in the short term period only a breakdown below 1.3980---1.3950 zone will stop the bullishness. Be careful today very busy and very volatile due to heavy news along this week.Plan your trade and care your money management first,cheers:P

Posted by millionaire | Wednesday, November 03, 2010 | | 0 comments »


eur/usd update:

watch short term focus toward 1.3940----1.3960 while 1.4060 temporary top hold.

Posted by millionaire | Tuesday, November 02, 2010 | | 0 comments »


eur/usd update:

Cannot say more,yesterday floating buy and today floating sell:P
Seems price breakout the triangle (see previous post),anyway for the short term period,let the price playing inside the channel

Posted by millionaire | Tuesday, November 02, 2010 | | 0 comments »




eur/usd update:

Currently take profit 80% buy position and leave 30% with break event stoploss.price hit 0.786% from yesterday high low 1.4011----1.3862.try 1st entry small sell position at 1.3970.this selling regarding triangle pattern with the chart below


eur/usd update:

As shown above,expect d2 complete below 1.4012 and should bring another fall toward 1.3840----1.3800,only valid inside the triangle.

Posted by millionaire | Tuesday, November 02, 2010 | | 0 comments »


eur/usd update: Currently fighting around 50%=1.3940 from the yesterday high low 1.4011----1.3861,need to sustain above 1.3940-----1.3985 to retry previous high 1.4012,in the bigger picture the 2nd lower high point 1.4080 should be the next target with the confirmation true breakout above 1.4012.the swing high low 2nd small impulsive down 1.4080-------1.3732,price currently located around 61.8%=1.3944.All in all the bigger view correction fr0m the current high 1.4155-----1.3693 swing low,likely playing in the triangle pattern,and the dancing price well above 1.40 will indicate there is still new high(above 1.4155) in progress,likely toward 1.4350--1.4400 zone.i could not deny the risk to the downside,where establish price below 1.3750 should expose the price toward 1.3693 and the true breakdown below that level should confirm another low would be in target around 1.33------1.3600 zone.

p/s:sorry la aku men belasah sesedap perisa je nih..heh

Posted by millionaire | Tuesday, November 02, 2010 | | 0 comments »


eur/usd update:

nice floating with eu:(.....usdchf hit stop loss:(......

Posted by millionaire | Monday, November 01, 2010 | | 0 comments »






eu short term update:

hold small buy for short term period,cut loss when 1cs open below 1.3930..target around 1.4030---1.4050 zone


usd/chf update: same with usd/chf.try hold 3sell post,cut loss when 1cs open above 0.9930,target 1=0.9830 target2=0.9700..target3=open

Posted by millionaire | Sunday, October 31, 2010 | | 0 comments »








the next possible target for eur/usd

the next possible target for gbp/usd

the next possible target for usd/chf


the next possible target for usd/yen.

just update with the important fibo line,let watching the next price action at the line on the chart

Posted by millionaire | Sunday, October 31, 2010 | | 0 comments »


monthly closing:

point to ponder,monthly closing price for the major pairs.

Posted by millionaire | Friday, October 29, 2010 | | 0 comments »


eur/gbp 1h update:

regarding previous post,euro vs pound on the weekly chart,here 1h chart to determine the next possible entry for resell toward below 0.8500

Posted by millionaire | Thursday, October 28, 2010 | | 0 comments »




euro/gbp weekly update:

Just to share the information,every swing high low euro vs gbp on the chart above indicate 0.786% as a strong resistance,and if this count is correct likely next swing low for euro vs gbp for the next journey should be below 0.8500.u can count by yourself.good luck.

Posted by millionaire | Wednesday, October 27, 2010 | | 0 comments »


usd/chf updat: Just to share.Do your own analysis.All the best.

Posted by millionaire | Monday, October 25, 2010 | | 0 comments »


eur monthly chart:

just be careful,the previous retracement swing high low 1.6037 to 1.2328 end around 0.786%=1.5143,the next swing high low from 1.5143 to 1.1872 indicate current retracement above 61.8% =1.3882 and probably again hit 0.786% around 1.4433.(current position stay away)

Posted by millionaire | Monday, October 18, 2010 | | 0 comments »




euro update:

the probability downside target for eur/usd
tp1:1.3600
tp2:1.3400

only valid below 1.4160

g00d luck!

Posted by millionaire | Monday, October 18, 2010 | | 0 comments »


eu update:

short term view i expect eu retrace toward 1.3950---1.3965 zone.before resumption to the new low target area 1.3780.Above 1.4011--1.4030 will dampen this view.

Posted by millionaire | Friday, October 15, 2010 | | 0 comments »


usdx update:failure closing above 77.00 on daily basis still expose the dollar lower

Posted by millionaire | Thursday, October 14, 2010 | | 0 comments »




eur/usd update:

pending sell order 1.4160 to 1.4210 zone

stop loss 1.4310

tp1:1.4030 tp2:1.3630

above plan base on abcd on the daily chart below


we can wait the pattern complete around 4180---4220 zone and confirm with the reversal candle on the smaller tf.

Posted by millionaire | Thursday, October 14, 2010 | | 0 comments »


gbp/usd update:

just update the cable base on short term timeframe to show you the probability for the next several hours around asia market or early europe session next.

short term key level:1.5840,1.5935

breakdown(1solid candle open below) 1.5805--1.5840 expose price lower toward previous low 1.5755
breakout (1solid candle open above) 1.5935---1.5965 expose the price higher toward 1.6015

All the best:)

Posted by millionaire | Tuesday, October 12, 2010 | | 0 comments »




aussie update:

upside still intact,focus toward psych level 1.0,correction cannot be ruled out should contain inside the channel.i dont think the right time to sell along this quarter,maybe the real bear coming at the end of this quarter or early on next year

reccomendation:buy dip toward 1.0250

remember how the cable did at the late quarter 2007?the ghost double zero focus toward 2.0000 after 1.9300 resistance broken.the are no resistance ahead..blind..blind...

So many talk its the highest around 2.0...but new high again and again.2.0100,.2.0250 and at last 2.08++.... is it impossible to aussie?

many will say different story,i cannot to elaborate more about,please back to history and study by yourself dont forget history repeat itself and the trend is your friend

good luck !

p/s: follow your heart,this is just my 2cent:)

Posted by millionaire | Sunday, October 10, 2010 | | 0 comments »


usd/yen update