Here are some charts to start the week. There are some other setups forming, but it is impossible to post it all. Anyway,� I thought CADJPY, EURGBP and GBPJPY provide some obvious techincal setups. Have a look. Here are the …. CHARTS!
Coffee Thoughts 04 Nov 2012
After a series of trades (more than 30 trades), if you� are having winning rate greater that 80%,� maybe it is time to look into your exit/profit taking strategy.
Coffee Thoughts 02 November 2012
Capital preservation is important. Risk management is important. But the trader’s job is to risk and make money, not sitting in the office to preserve capital. When it is time to trade, just trade. Capital is a tool for you to use to make more money, not for you to preserve. If you want to […]
Coffee Thoughts 31 Oct 2012
Looking out the window, you see it is raining. Put your hand out of the window, you know it is raining. And yet, you still feel the need to view the website or call Bureau of Meteorology to confirm if it is really raining. Some traders trade in this way. Is the the […]
GOLD 25 September 2012
I think there are probably 10,000 charts talking about the daily “Pin bar” of GOLD lately. I am not the expert of “Pin bar”, I do notice the long tail tested the resistance level and failed to close above it. Anyway, looking into shorter time frame, we have a support zone around 1755. More conservative […]
$AUDUSD 20 September 2012
Here is the 4-hour chart of AUDUSD. Just like last week, everybody was watching/talking about the daily pin bar, now we are presented with a obvious Head and Shoulder formation� in H4 chart.� I like the fact that 1.04 support is now broken, I am looking at further downside. Here is the …. CHART.
