Let’s look at GOLD. I just love this chart. Clean and clear. We have a new higher low and the recent pull back ended earlier than I had expected. Anyway, strong uptrend is still intact. Here is the trend score : About this tool Here is the…..CHART! [photopress:gold09feb2008daily.gif,full,alignleft] While we prosper in GOLD, we have […]
Thursday’s currency trade
Overall, this is not a good trade. I got a nice short entry of Aussie dollar. The interest rate rise did not help to push aud/usd back to the recent high, and indeed, it fell back to the trading range. I wanted to short, and today , I saw an nice entry. But, I don’t […]
Gong Xi Fa Cai
Today is Chinese New Year! And this is the Year of Rat. The Rat (Chinese:?) was welcomed in ancient times as a protector and bringer of material prosperity. This is the first time I am spending my chinese new year away from my family in Malaysia, and I am heading to office for work now..uhm… […]
Post du jour: My worst winning trade,ever
If you haven’t done so. I would suggest you take some time to read Caravaggio’s post ‘ My worst winning trade, ever‘. A very well written, and “thrilled”. Go read it. It is the worst winning trade ever, perhaps my worst trade of my life. This trade reminds me of how I felt after I […]
oi, Aussie, I am still waiting….
From last Friday’s action, we might find some excitements about commodities currencies again. Uhm…. Maybe. I am not so sure if Aussie dollar (AUD/USD) is breaking out from the range. It is just not convincing enough at the moment. For trading purpose, I will be a little bit more patient now. In addition, we have […]
Hesitate
We have some good interactions in the comment section of my previous post “A note to my friends‘. Thanks guys. While waiting for the dust to be settled, I still carry on my daily chart scanning process. Generally, Dollar is again showing weakness. But, I have doubt. The much expected rate cut is already priced […]
