USDJPY 98.25 is the immediate target for now. And this is also the level to watch for any potential bounce. I am interested in watching this level for potential false break before attempting long position.
The 7-year-old trading blog and new plan
TraderGav.com is now 7 years old! After trading and blogging for 7 years, the passion (or addiction!?) is just getting stronger. No sign of stopping. After having a brief hiatus and also working on other project, I have decided to revamp the site, reorganize the content, and redesign the look and feel. Here we have the […]
Chart Review GOLD (XAUUSD) 17 Jul 2013
I always prefer to look at GOLD chart at the bigger time frame. It gives me a better picture. Let’s have a look at Spot GOLD (XAUUSD). Here is the Daily chart of Spot GOLD (XAUUSD). It is trading slightly below 1300 area. My immediate upside target is around the 1337ish which is also the […]
Technical view of Gold, and long term investment thoughts
In addition to spot Gold and Silver trading, I have been looking at some long-term Gold investment possibilities. The idea is to apply long-term trend following approach by holding physical Gold (or Silver), while continue short-term speculative trading of these precious metals in spot or futures markets. According to a report on Bloomberg, Gold price […]
Managing your trade :Exit strategy
I am not the inventor of this strategy. It is widely available on the internet, and I have no idea who was the originator. I have found it to be effective when using simple support/resistance methodology to manage trades. The Simple Exit Strategy This is an exit strategy using a 5-min chart, however, it […]
About the old SIMSCI trading journal
Just thought I would write a quick post here. Although I have moved to TRADERGAV.com a few years ago, I am keeping my old blog (Better Trading Blog) alive. The recent change of hosting server has caused some problems , such as loss of images etc of the old blog posts, particularly, the SIMSCI trading […]
