Tuesday, May 08, 2007

Always the Same Thing...

It's been good two trading days for me, price patterns exist and repeat themselves endlessly. My trading idea yesterday booked me 20 pips and another 35 pips just now. I forgot to update the pivot points calculation, so here it is:

R3 = 1.3656
R2 = 1.3640
R1 = 1.3619 (SOLD HERE, YESTERDAY AND TODAY)
PP = 1.3603
S1 = 1.3582
S2 = 1.3566
S3 = 1.3545
Price currently trading at 1.3573.
Footnote:
Yob: tp ditetapkan mcm mana... amik 20pips je ke ikut ema 365.
Yob: selain euro tak leh ke guna ema 365
Anne: Boleh digunakan pada pair yang lain, tapi perbezaan pips perlu dikira balik. Sebagai contoh, GU dan USD/CHF pips lebih besar dari EUR/USD. Mengenai TP pula, tengok juga awak punya money management macammana, EMA bukan point untuk TP, ia hanya sebagai clue shj.
Selalunya TP set apabila garis MACD sentuh salah satu MACD bar, (a reverse signal).

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