Friday, June 27, 2008

The Bull Has Arrive

The Bull has arrive lets welcome him. Looks like the Oil whose unlock the bulls cage padlock. Oil was hit $140 yesterday so it smack down the Dollar to new lows againt majors.
On the Weekly time frame we can see double bottom confirming the bullish, each bottom has their own double bottom. The four bottom sat on their chair too long so they need to get up and take a walk for a while.
The room still have space for another 50-80 pips up so im gonna take a long today.


Todays strategy

-go long using LMA34 and LMA1 cross without stoploss if they create another cross then close the order and open a new one if they create another cross again then close the second order and open the third order to go long. take some 30-50 pips profit or just floating the order till 1.9965 area and close the order there. the second resistance is in 2.0012 area. just wait for a clear cross to enter, just after they crossed open the order right at the new candle. this strategy are for M 15 time frame.





all we can do in forex market is anticipate


happy trade :-)



Double Bottom on Each Bottom


Bullish




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