FCPO ending 12/7/2013

Hi,
OK....last friday, big move down from Thursday. about 72 points. Hopefully, you manage to catch it (if not all).

My reading was failed. The price didn't even touch 50% retracement of fibo before resume downtrend. So, i cut my trade earlier (nasib baik je nih), and manage to catch the down move.

Trading Idea:-
1. Above MA8 on Daily Chart - BUY bias. Turn to H1 Chart, trade buy as long as price above MA8 on H1 chart. Out when it moves to other side. As long as Daily Chart price still above MA8, only find signal for BUY on H1 chart.

2. Below MA8 on Daily Chart - SELL bias. Turn to H1 Chart, trade Sell as long as price below MA8 on H1 chart. Out when it moves to other side.As long as Daily Chart price still below MA8, only find signal for SELL on H1 chart.