TAXI 30Jan2015 IDX bullish Div.forming

The Most Powerful Signal in Technical Analysis is Bullish Divergence. (A. E.)

TAXI Weekly Bar Chart (Strategic Decision) become Bulls or Bears

• MACD-Histogram
• 1st Bullish Divergence
• A: the Bears are exceptionally strong, indicate by MACD-H reach new multiyear lows
• B: MACD-H rally breaking the back of the bears
• C: the Price is reaching new low but MACD-H make higher lows compare to area A
• MACD-H gives buys signal when it ticks up from area C
• 2nd Bullish Divergence (not completed)
• AorC - D - E
• When MACD-H ticks up at E, buys TAXI with 2% risk
• Target is the value zone around 1,100

• 13EMA(yellow), 26EMA(red)
• Price is well below the value zone(an area in between the two moving averages), Bearish

• Bollinger Band
• Price is outside the lower channel, indicating price is relatively at bargain a.k.a cheap

• Conclusion
• Get ready to become Bulls, wait for MACD-H signal

TAXI Daily Chart (Tactical Decision) Timing the Entry Point

• MACD-Histogram
• 1
• A: MACD-H reaching new multii month lows, indicating that bears is strong the price is likely to be retested or exceeded
• B: price is rallying and the MACD-H turn positive (breaking the back of the bears)
• C: Price is declining but MACD-H makes higher low than A
• Bullish divergence is completed when the MACD-H ticks up, giving the buy signal
• The target is value zone (an area between 13EMA and 26EMA)
• 2?
• A-D-E
• MACD-Histogram is still down
• BUY when it ticks Up

• 13EMA(yellow), 26EMA(red)
• Price is well below the value zone(an area in between the two moving averages), Bearish

• Bollinger Band
• Price below the lower Bollinger Band indicating that price is relatively cheap

• Conclusion
• Get ready to be BULL when MACD-H ticks up
• Target at value zone 1,100
• Stop at previous Lows

All trading technique I used for this trade thats about to happen comes from Alexander Elder in his books Trading for a Living  and Come into my trading room.

Every trade that I take, there must be a STOP order, in order to anticipate some unexpected events that the trade is not going in my way.

I can not predict the future, but I can tell what the indicators are saying what is likely to happen, based on the previous history.

Must Keep Learning And Reads ALOOTTTT of BOOKs

TAXI ENTRY