USD CHF 22May09

On USD CHF, the market shows a continuous downtrend for this week. There is an immediate resistance at around 1.0956. There are more opportunities for sellers. Higher Potential - Intra Day and Scalping. There could be a potential for Short Term depending on how the market performs this evening.

Trade with a plan.

Cable 220509

A side by side chart of cable movement since our call level for buy entry. The left chart shows a downclose candle still forming and we already have call level for 2 buy entries. The right chart shows the 2 levels where we took profit. Remember to maximize the trade when the opportunity arise. For more info, email: info@mmtta.com

Cable 210509

A trade done by Tobin with Siwei, looking at Cable to rebound around 1.5530/10 with SL 1.5480 and TP 1.5610 in short time frame.
A note on this trade is the degree of risk involved has to carefully calculated with precision and speed. Certainly not for the faint-hearted.

USDJPY 210509

From the chart, we are looking for some rebound.
Be aware of noises!

RESULTS

Yes . this is a side by side chart of USD/JPY on a hrly . trading can be made simple . cheers .. plan a trade & trade with the plan accordingly . 

Usd/Jpy 20 May 09

unless the Usd/Jpy can Overtake and stay upclose this period of time . if not it is still consider weak and prices can still trade lower . find immediate resistance level by apply top down approach . info@mmtta.com

Usd/Jpy 60 pips moves

take a look at how the Yen moves after it reaches a certain resistance . 

USD JPY Hourly Weak Buy

There is a resistance at the price of around 97.83 on the 12 May 09. There is another resistance at around 96.70 on 13 May 09 and 19 May 09.

USD JPY is observed to have loss of momentum as the market reaches the resistance at around 96.70. This is considered a weak buy. From the chart, an opening wedge is seen. There is news coming out at 8:30pm that will move the USD.

Eur 19 May 09 ( choppy )

Market conditions changes every now and then . todays session looks more rewarding to go for retracement than breakout as there are momentum in but not so much of strength to push . 

Dear graduates,

This is my trade plan for today after how yesterday ends for the eur/usd pair. I feel that the pair is going bull again after last week's resting. Enjoy trading.

Regards

Asrin

USDJPY follow through on Monday.

Dear all,

here are my expectations on the follow through for USDJPY on Monday.

After the breakout and the bearish engulfing candle on friday, I am expecting some follow through and closure to the technical Head & Shoulders pattern.

As such, the 93.50 support level is a strong historical support where USDJPY might either bounce off or touch and go in the later sessions of monday. This results in a reasonably good profit taking area to look at for this pair.

Regards,

Siwei.

eur/usd monday

Dear all,

This is how i plan to trade on monday after after considering the eur/usd weekly,daily and hourly charts. I intend to short the pair mainly for scailping purposes. unless of course there is sign of follow thru, we might hold on to some of the trade. Double top is form in weekly and daily chart but there are a lot of support line to be considered. That what makes me belive that nextweek is going to be a small upclose or big downclose. If anyone have any trade ideas on this pair, pls do discuss it at the momentum yahoo grp with me.

Regards,

Asrin