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Malaysia

GBPCHF Bearish PlanIn reference to this plan below, the pair didn't exactly stay inside the range but there was certainly a bull trap/stop hunt/liquidity run above those levels. I am anticipating the price would reach the 20-week AWR downside projection this coming week. Based on this anticipated move, I need the price to tap into one of the levels I marked on the charts, to warrant my short position of the pair The ongoing risk for bearish plans for any sterling pairs is any development on Brexit related news such as bad things happening to Borish Johnson expense and or bad news on no-deal Brexit. No risk event for Switzerland
Short
by sufiansaid
1
No matter how tempting it is to Long EU....but there isn't strong enough rationale for my liking, to start shifting my entire bias even to a cautious bullish (meaning taking Long signals but with an extremely small position). The federal reserve did cut their interest rates but I still believe there is still a divergent monetary policy between ECB and Federal Reserve. ECB is in QE, Fed Reserve is not. ECB interest rate is lower than the Fed Reserve. Technically, though there is indeed a sign that price probably could start going up, but I have seen this kind of move before only the support levels to be broken. I am at least shifting my bias from strong bearish EURUSD into weak bearish EURUSD (meaning I will take short trades with half of my usual risk per trade). I will look for bull traps/liquidity pool tapping at the levels I have marked on the chart. There is no risk event for the U.S and Eurozone for Monday
by sufiansaid
EURUSD - If i had no ongoing trade..Currently, I am still holding EURUSD short. Click the chart below to understand my trading plan at the time Nothing much I could do right now other than wait until my specified exit indicator tells me its time to close my entire position. Now, lets say I don't have any EURUSD position right now, here's probably the plan I would make. Technical Analysis suggests to me that EURUSD is still in a bearish trend (honestly you could just load up the daily chart and eyeball it!) and I will be looking for a bullish retracement to get me a good price to short EURUSD. I do understand if some traders are now starting to look for a LONG setup for EURUSD, at least intraday. Yesterday price moved downwards and hit last week's 20-week AWR downside projection when that happens price tend to either move sideways or retraces. Moreover there is a big option expire at the NY Cut at 1.0950. We all know option expiries sometimes acts like a price magnet. It would take exactly the 20-day ADR upside projection for the price to reach there before the NY cut. I am open for an intraday scalp to the upside with minimal risk but I am still bearish bias overall. I am anticipating the price would reach 1.0950 but i will be looking to short from there. however, if there is a bearish signal under the option expiry, then I will be taking that short trade.
by sufiansaid
GBPCHF planAnalisa Teknikal masih mencadangkan saya untuk Bearish kesemua GBP pairs. Risiko besar bias ini adalah perkembangan terkini Brexit & suasana politik di United Kingdom. Berdasarkan data-data yang lepas, market seolah-olah "react" jika news tersebut berupakan news yang tidak baik bagi No Deal Brexit ataupun apa sahaja yang kena mengena dengan Boris Johnson. My technical analysis suggest that I should be bearish the Pound Sterling. The risk for this bias is any development of Brexit that usually led to Sterling to be bid. i.e No Deal Brexit, any bad things happen to Boris Johnson Price action yesterday was exactly what I wanted. Since I am bearish GBPCHF, i was looking for a bull trap at the levels that I have marked today on the chart. P2 bearish had been activated, I am still waiting for a bearish trigger signal and/or another test on the upside, preferably breaking yesterday's high. The daily range yesterday exceeded the 20-day ADR upside projection hence I am anticipating a more subdued price action today. Just anticipation. I love volatility, I wish there is one every day.
Short
by sufiansaid
KLCI - Hovering at a critical levelKLCI index have a low beta compare to other indexes in the world, as negative sentiment affecting the world markets might not be as impactful to KLCI but do note that KLCI is a critical level, anything below 1572 we will likely go back to find support at 1500. Recommendations: - Reduce the number of stocks in your portfoilio until we see some buying back in the market - Secure profits if you have to - If you have to, be selective of the stocks you choose, such as industries and trend
FTSEMYX:FBMKLCI
by JayJJ
Navigating through the RBA Interest Rate Decision : AUDUSDThe market is pricing in for the RBA to cut their interest rate from 1.00% to 0.75%. Personally, I always stay on the sidelines during interest rate risk events. The reason is how unpredictable the market reaction going to be. I believe that institutions use risk events to get liquidity via stop hunts/ price manipulation hence the spike direction has no correlation (at most case) with the rate decision. "Interest Cut = bearish for the currency" is the basic thing being taught to every trader. Tho it has some degree of truth in it but it is not that easy, traders should put this in their head: Stop Hunters loves big news events. For example, on July 2nd, 2019. RBA decided to cut their rates and the intraday direction of that day after the interest rate decision was UP. The reaction news spike did go down tho. Whoever went short (via trading the news) probably got some pips (if they get filled at the price they wanted, which is very rare!) but high chance get stopped out because traders logic suggests AUDUSD should go down because "Interest Cut = bearish for the currency" So it is not that simple. Another example, on June 4th, 2019, RBA cut their rates and interestingly the reactionary spike was not down but up and then the price closed below the 12.30pm (Singapore time) candle open. The intraday trend later that day was up. "Interest Cut = bearish for the currency"? This is an example last May when the RBA decided to keep their interest rate. This time the reactionary candle moved exactly the traders logic of "Interest Cut = bearish for the currency". However, that's the only bullish move AUDUSD made that day, in fact AUDUSD went down days after that. All these reactionary candles are traces of stop hunts happening during big news event, and RBA cash rate decision is prone to this as well. I will not trade before and during the risk event, the soonest I would trade this is 30 minutes after the decision rate and/or after the RBA governor's speech (if there's any) Technically, I am still bearish AUDUSD. Whatever decision RBA makes on Tuesday, I believe its almost fully priced in. I am anticipating some random news spike on Tuesday however and if that spike tapping in the levels at the upside, then that would be awesome because I could short AUDUSD at a better price. That's probably the only way I would "trade" the news spike.
Short
by sufiansaid