When will I ever correct my bad habit of exiting a trade too early? Fool. I made two trades today. Aussie started to bounce. A nice one, while looney started to tank again. Another nice one. I managed to grab some profit from short position of USD/CAD, +0.65 R, while break even from Aussie dollar.
Two good entries, but two bad exits. Oh well…what the hell were you thinking, Mr. Gavin?
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I thought it was going down, but it did not.
I thought it was going to bounce, yet it did not.
That’s my comment for Aussie dollar. I do not initiate position just yet. I would prefer to watch the price action a little bit longer. Overall, I am positive on Aussie dollar trend, at least for now. (You’ll never know, I might go short tomorrow 😉 )
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Here we go. How about some Looneys? I am tempted to go short. What do you think? Let’s see how it goes.
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This is the brisbane boy who has just joined Manchester United football academy.
The boy’s dribbling and goalscoring prowess for an Under-10 side in Brisbane, Australia, feature in a four-minute YouTube clip, already viewed more than 800,000 times
Sounds familiar? yeah, I am copying Maoxian’s Stock du jour and random observations idea. I thought I will just post one or two trades of my Forex trades for the day and give some comments.
Ok, today I am being ‘Un-Australian’. I shorted AUD/USD in the early Melbourne morning 😉 I was looking at daily chart where Aussie failed to do too much rebound. Switching to hourly chart, and some simple dummy patterns seemed to be forming. Here is my trade today. Nothing fancy, just +1.2 R gain.
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To suit my time zone and style, a couple of pairs that are currently in my trading basket. AUD/USD, GBP/JPY, EUR/JPY, and USD/JPY. It is pretty obvious, I am focusing on Aussie and Yen pairs. There are some market movers for Yen pairs, so, in fact, there were dummy trading opportunities in most of Yen pairs today.
This is just the start. Kinda experimental. Well, at least, I start trading again. 🙂
This video clip was on the news yesterday. It was uploaded to Youtube a year ago. Interesting. Let’s count how many F words came out from the mouth of this priest. And, did you notice the racist comment? ‘ You don’t belong in Australia’, ‘ Get back to where you came from, you ..Sfool’ uhm…ugly. Well, the church apologized. uhm…still it is still ugly.
I am a coffee addict. I drank costly espresso and cheap 3-in-1 instant coffee back in Singapore. Moving to Melbourne, I have new coffee experience. Every morning, I will have my Long black before stepping into office, and afternoon, I will have my Strong Latte for my mid day coffee break. I always wonder why does coffee in Melbourne taste better? Is it just psychological effect?
Here is something that support my observation. I found CoffeeGeek.com.
In preparation for the arrival of the Italian Olympic team, a few enterprising members of the large Italian community in that city (1 million out of 3.5 million total) decided to import the very first espresso machines into Australia and serve authentic Italian espresso. (It is important to note that Italians prefer to drink espresso coffee only, always with sugar and without milk.) These cafés quickly gained popularity amongst the Italian community, hence the tradition of Melbourne being the “coffee” city.
So , my compliment is right. Melbourne is the “Coffee City”
What is unique is that, outside Italy, the Australian and New Zealand café markets are the only other 100% espresso-based markets in the world! The US and other countries are dominated by filter style, or brewed, coffee. You cannot give filter coffee away in Australia or New Zealand. Furthermore, the Australian and New Zealand markets are unique in that the espresso based coffees are nearly always served with milk – approximately 98%, compared to 5% milk based coffees in Italy.
I have travelled extensively in the US, and I cannot say with hand on heart that most cafés there represent the espresso coffee standard of the US Barista Championship or even the World Barista Championship. It is my observation that the US espresso standard (on a national average) is where the Australian and New Zealand espresso markets were 15 years ago.
That means that there is still a lot of room for development.
Interesting article about culture of coffee and cafe. Now I know a little bit more about coffee instead of just sipping it everyday 🙂 Check it out. Cafe Culture Downunder
