9 Jan 2007

Today is clearly a day of dispersion. I will wait for the WMA5 and EMA21 to stablize first before entering my trade.

STI

My friends still trade in STI.

Recently it made a climb to 3000. Ask me if it will go higher.

Yes, it will go higher to a level that is 3350 to 3500, riding strongly on the C-wave. But careful to let go by Apr 2007, after the period of companies report announcement.

GBP for 8 Jan

After 3 blacks for the last 3 trading days. I am expecting a long candle today.

It look very potential for the price to continue to go south. I will put the support at 1.883.

Looking at the 1-hour chart, all the EMAs are lined up for a go south!

5 Jan 07 Cables

5 Jan 07

Yesterday, cables continue to go south. It breaks the first support line at 1.95, as well as EMA21 by WMA5 on the daily chart.
I expect the downward trend to continue with the next support line at 1.93.
It will be good to watch hw the WMA5 behaves at EMA55. If it cuts through EMA55, the downward trend will continue.

11 Dec 2006

In my view, GBP will continue to go for a retracement. A good short will be at the first retracement line at 1.946.

The EUr will be at 1.3135.

Therefore a good time to place a short position to that levels

Wait to see if a rebounce at the support line before taking the next action

8 Dec Daily Assessment

GBP and EUR both goes into a retracement.

It is an obvious U-turn as seen in the chart. Both WMA5 is negative, plus WMA8 has cut WMA5.

It may be a short retracement or a breather before the uptrend continue again. A good support line is for the GBP is around 1.950 (using EMA21 as well as fabonacci retracement). For the EUR is is around 1.316.

I don't expect today to have any big candle body formation for the GBP - a doji. I will be expecting a black candle formation for the EUR.