Gav’s trading blog, be inspired by good trades

Trading links stocktake

I was doing some housekeeping on my bookmarks, here are some trading links I thought it might be useful to my readers.

Trading Plan:

• Trading Plan Template
• Questions to ask when writing a trading plan
• Some interesting debates about having a trading plan, or not
• 10 ways to deconstruct your trading and build a better plan

General trading readings

• Tips on Trading trend days
• Lesson on price support and resistance
• 最有效的技术分析方法简单到难以置信

That’s all for the time being. Busy week for me, I am trying hard to allocate some time for trading, research and reading.

From the desk of Tradergav.com

Tags: Links, Trading

Posted in Links, Trading Lessons | No Comments »

Hello! Asia…no..Ouch! Asia….

This is not a Forex trading post. While doing my regular Sunday morning reading and chart browsing, I see this interesting picture. I happened to open up charts of Asian markets related ETFs, what a unity. Nothing new, just to note down, probably, the first bear market in my life. Yup, I am just turning 30 next week.

Here is da ….. CHART! Hang on, do you see something? Are we all hanging around support area now? uhm…

Chart is brought to you by Tradecision.

You will start reading some ETF posts from me. Of course, majority will be on currency ETFs. Anyway, I am still the currency-man wanna be.

From the desk of Tradergav.com

Tags: ETF, Trading Journal

Posted in ETF | No Comments »

One Aussie trade

Well, finally, I have a beautiful chart to show off again. I have been trading for the past few weeks, but , there was no good trade to show. If you have been following this blog, you know I was looking for Long opportunity after Aussie hit new 52-week high.

Here is AUDUSD long trade. The trade was established yesterday, and profit target of 0.98 is achieved around today’s London session opening. A +2.4R trade, or 110 pips profit.

Anyway, here is the….CHART!

By Trader Gav

From the desk of Tradergav.com

Tags: AUDUSD, FX, Trading Journal

Posted in Trading Journal | 2 Comments »

Is it time now?uhm…loonie

This is a longer timeframe analysis. USDCAD has been consolidating for a period of time. And now looks interesting. I am putting my bet on short side. I mean, I am positive of CAD. Other considerations include the weak, messy, troubled USD and the the relationship of CAD and oil price…uhm…. Let’s see how it works out.

Here is the…..CHART!

Some statistics here

About this tool

By Trader Gav

From the desk of Tradergav.com

Tags: FX, Trading Journal, USDCAD

Posted in Trading Journal | 1 Comment »

Today’s coffee thought

A lady from Shanghai office was complaining to me. She has been working hard and save but, yet, still unable to buy a small apartment back in Shanghai, China. According to her ’source of information’, there will be a second round of price hike, inflation after Beijing Olympic game.

I can’t solve the housing affordability problem for her.Her question to me was “which currency should I buy now” (what she meant was, which currency is worth buying now, she sees Chinese Yuan (CNY) is going to depreciate soon for some reasons). I did not have a quick solution for her. I first response was GOLD.

“But Gold is expensive now, how about USD?”
“Dollar is in trouble and weak, I am not into it, and there is no clear positive perspective of the American economy”
“But, it has been depreciating for so long, it should be bottomed now”
“……”

We read or hear this kinda conversation again and again. Inside our mind, we are afraid of high, and we like to bottom fish. How many times have we made our investment/trading decision based on the feel and fear of high?

Did you ‘feel’ Dollar was cheap a year a ago? Did you ‘feel’ GOLD was expensive a year ago?

Think……

From the desk of Tradergav.com

Tags: coffee thought, trading lesson

Posted in Trading Lessons | 2 Comments »

The 52-week high Aussie

AUDUSD, well well well. We have made a new 52-week high last week, with the help of surprised figure of unemployment rate and troubled USD.  I did not get into long position last week ( stupid huh? well).  It was just because risk reward ratio did not impress me. Whatever…

It looks interesting to me now. I am waiting for low risk entry to establish a some long positions. Next week we have RBA meeting minute. Well, what’s new in the minute?

Here is the….CHART!

Here is some statistics.

About this tool

By Trader Gav

From the desk of Tradergav.com

Tags: AUDUSD, FX, Trading Journal

Posted in Trading Journal | No Comments »