TraderGav.com

Gav's trading blog - Perseverance, Consistency, Confidence

Gav

Just what’s wrong at down under?

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Ok, I was too busy enjoying dinner at a nice Korean restaurant in Melbourne downtown, and watching Australian Open. Ah..Andy Roddick is out! :o: So, No trade again, on Friday. Anyway, I had a tough week, so I chose to stay away from market for awhile.

audusd18jan2008dailytrend.GIFI exited a swing trade position AUD/USD last week. I have no idea what’s wrong with the kangaroo. Darn! The weaker USD doesn’t help. But, again, I am still NOT turning bearish. We might again trapped into a trading range. Ok, I am not a perma bull of Aussie dollar, but, I don’t see the bear coming just yet. Maybe I am blind. Let’s see. So now, I am applying ‘wait-and-see’ approach again

Here is the…….CHART!

[photopress:audusd18jan2008daily.gif,full,alignleft]

nzdusd18jan2008dailytrend.GIFHow’bout some Kiwi? I day traded NZD/USD with some peanut profit. The trading range continues. I am staying neutral at the moment.

Here is the….CHART!

[photopress:nzdusd18jan2008daily.gif,full,alignleft]

No trade on Thursday

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Here is the trading secret: ‘Never chase a trade’… enough ? 🙂

GBP/CHF and USD/CHF were in my watch list today. However, the market decided to run away without me. So no trade for Thursday. Well, It is not a bad thing. It is always good to give myself some time to cool down after a losing day. Anyway, I was enjoying the Australian Open! Ana Ivanovic rocks. Basically, I would say Serbian players rock, they are playing pretty well recently.

Rough day for me…Good day for Sharapova…LOL

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Uhm..before I forget again, here is your favorite trading secret ‘Always respect your stop’. …cool? 🙂

sharapova.jpgDarn! It was a tough Wednesday for me. I shorted GBP/JPY and EUR/CHF. They moved nicely initially , but stop me out around opening of U.S session. So, two losing trades, -2R. Forget it. Anyway, YEN is providing some trading opportunities recently, maybe , have a closer look during Asian session might give you some hint.

Tennis! Maria rocks! She was so cool and sharp on the court, and now moved into 3rd round of Australian Open.

Tuesday No trade

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I did not make any day trade on Tuesday. The only interesting candidate was EUR/CHF, and heck I did not put in order. My fault, I was watching Australian open on TV. 🙂

Just how cool is Roger Federer. Though there is nothing new about his win, I like his composure on the court.

Ok, here is my ‘Watch list’ for Australian Open.

Long Roger Federer

Long Justine Heinin (I double the R size, on this trade)

Short Lleyton Hewitt (I double the R size, on this trade as well)

Short Venus William.

other potential Long: Novak Djokovic, Maria Sharapova (oh Maria~)

Long target: End in Final, Short target: out before Quarter final. 😆

Uhm…that’s my swing trade positions for these two weeks. 😀

Personal rambling

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I wanna write a short post because I think I might bring some troubles to a friend. He was kinda influenced by me and now keen on currency trading. Without any trading background, though I have advised him to start with demo if not mini account, he started his first trade with a full lot. And , God blessed, it was a winning trade. But, this might be a worse start. Who knows. I am not sure how is he doing now.

Of course, I hope he makes a fortune in currency trading. But, this gives me a lesson. So, from now, I will never talk about trading outside this blog. uhm….

Monday’s currency trade

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I made a peanut trade today. I earned peanut. +10 pips :o: Oops, before I forget, here is the trading secret again “Go long when the market is moving up”. 😆

OK, back to business. I saw a nice long setup in Kiwi  (NZD/USD), I went long. It was moving pretty nicely, but the pull back in hourly chart was a little bit err….. anyway, I closed the position before closing of U.S session (8am Melbourne, Aussie time if you wanna know) and head to work. Uhm..a +10 pips trade.

Here is the …………..CHART!

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