Get started

Indonesia

Candle FormationThis post is not a trading idea, but for our learning together. 1. False Break In general, many of us know that the false break is when the price breaks through the Resistance/Support area but the candle fails to close outside that area. When this happens the candle will create a wick. However, a false break can also mean the candle has successfully closed outside the S/R area, but in the next candle the candle reverses direction again. As in the example on the left side, there are several examples of candle formations that indicate a false break. When this candle formation is formed we can enter the next candle with a stop loss above the previous candle (sell) or below the previous candle (buy). 2. Inside Bar & engulfing Candle For inside bars, it is very good to use for a fairly strong trend. i.e. when the price has no clear correction or pullback. for entry using this candle formation can be seen on the chart. As for the Engulfing Candle, it can be used when a trend occurs and the price forms a pullback or correction. When the price pulls back, look for this candle formation to enter as a trend continuation.
by tom_mok
SINGAPORE INDONESIA MALAYSIA US COVID ProjectionTime for an update... Singapore is not enjoying it, but it is in a surprise wave. IT should start to taper off, but the tail would be long... Indonesia was as projected, and appears to be slowing slightly. Malaysia is the surprise, as instead of tailing off, a new spike over the last three weeks emerged and the trajectory indicates higher levels over the next weeks. Of interest, the USA... as the CDC makes about turns in their advisory, and summer holidays are going on with people being still very complacent about it, it looks like a spike wave is due over the next two weeks, and projected to accelerate. On this note, I wonder IF the equity market will finally realize and freak out for a bit here... It has been 1.5 years, have we learnt nothing? If at all, the war has changed inherently, with the Delta variant. There will be more to come...
C
by Auguraltrader
SINGAPORE UK INDONESIA COVID-19 UpdateSingapore COVID-19 is on a downtrend, albeit a potential small spike due to some infected hostesses may have affected a number of people. Not the most flattering of ways to get a spike. But it is tapering off for now... UK on the other hand, eases its measures today, but leaves me wondering IF anyone is even watching the charts, or doing any statistical studies. The wave onset projected is on time, and it is on now... starts now, for the next couple of months! Hello ?? Indonesia has gotten from bad to worse to even worse. Projections are underestimating the acceleration as daily cases from 20,000 a week ago now hits 40,000 yesterday. This would take more than a couple of months to slow down, if at all. IT's too little too late for vaccinations now, but that's the best weapon there is in the shed. Malaysia is modulating the current wave, and current projections point to a slow down in infection spread.
C
by Auguraltrader
INDONESIA COVID-19 - the next wave part IVPreviously projected to explode in mid-June, with clear media coverage about the next wave. Today, the last day of June, in the media - I ndonesia's COVID-19 situation nears 'catastrophe', says Red Cross The model here is good at projecting with at least a 4 weeks lead time for potential waves. This was previously demonstrated for a couple of countries and all have not yet disappointed. Often, the onset is actually faster than projected... mostly attributed to the increasing virulence of the virus. Difficult to disagree with Red Cross... it IS heading that way. Prayers and well wishes to those in Indonesia, especially my friends living there. Stay safe and well. Take good care.
C
by Auguraltrader
INDONESIA COVID-19 - the next wave part IIIJust barely a week after the last update, the rate of spread (and detection) has hit 20,000 per day ! And according to the Weekly chart (not shown here), the MACD Histograms cross over this week! This means that there is a lot more momentum for this wave to grow. Much more so given the lack of effective measures implemented and enforced. A overwhelming shutdown of the health system is pretty much round the corner, without infection rates slowing, but accelerating on the contrary. Eventually, it will affect the region, as the viral reservoir gets dug in deep, and may even see the spawn of more variants. It is expected that the rate will only increase, until very strong measures are taken to impede the spread. Until then, it would still take weeks after implementation to subside significantly. Hong Kong has already banned flights, and more will probably follow, leading to some level of external isolation. Not good at all... Take care, take very good care if you are in the affected areas. God speed, and God bless.
C
by Auguraltrader
GBPUSD Sell AreaIn last week's trading, GBPUSD fell quite strong and we need to wait for the price to pullback before another sell. At the beginning of this week, the price made some upside movement. The sell area is the S/R area, 50% retracement of the total swing and 61.8% of last week's swing. This area will hold the price to go up even more. - For aggressive entry, you can set a sell limit in that area. - And for conservative entry, you can wait for rejection in that area and wait for correction on a smaller timeframe
Short
by tom_mok