TraderGav.com

Gav's trading blog - Perseverance, Consistency, Confidence

Gav

$NZDUSD 26 Nov 2010

by Leave a Comment

While the NZDJPY setup is still valid, I have another bullish setup found in NZDUSD. Again, I see confluence of Fib levels, support level, bottom of channel as well as my favorite bullish harmonic formation.

[tab: Setup 26 Nov 2010]

Here is the chart to confuse you.

$NZDUSD Bullish Harmonic setup

[tab: Update 28 Nov 2010]

The reversal zone of  the original harmonic setup was violated, no sign of reversal in the zone, so, no entry yet. However, while I was zooming out the chart, to look at a bigger picture, another bullish harmonic formation is setting up. Still, I see confluence of support and Fib levels at the channel band.

Here is another chart to confuse you, yet, again.

$NZDUSD 27 Nov 2010 Bullish Harmonic setup

$EURJPY 22 Nov 2010

by Leave a Comment

We have a gap up during Monday Asian morning. I have two levels in my radar for potential short position. It is the confluence of resistance level, Fib extensions and channel median line.

[tab: Setup]

Here is the CHART to confuse you.

$EURJPY Bearish Harmonic setup

[tab: Update 24 Nov 2010]

This type of ‘fast-and-furious’ sell off does not happen very often, but I try to make sure I am in the market when it happens. Last piece of EURJPY short was closed few hours ago. Market seems to be a little messy now. I have no position at the moment, prefer to watch and wait for the market to settle for now.

Here is the CHART

A little clarification to new readers..

by Leave a Comment

I recently received some emails asking about signal service. Here is just a small clarification to my new readers. I am not a trading signal provider or trading educator. I occasionally tweet my trades on twitter, and share some interesting setups/charts on this blog. These are all  I am offering.

So, no paid service here. Well, at least for now 🙂 I don’t have any plan to offer any, yet. If you are interested in reading my charts or my rant, follow me on twitter, and read this blog.

Trade well.

$AUDJPY 12 Nov 2010

by Leave a Comment

Here is the $AUDJPY chart I mentioned earlier on. I am holding long position, with some profit booked, and stop is now at break even. This is a text book 5-0 formation where all fib levels are nicely respected.

[tab: Setup]

Here is the chart to confuse you.

$AUDJPY 5-0

Have a great weekend!

[tab: Update 18 Nov 2010]

The pattern works now nicely. With the weakness of JPY at the moment, and AUD gaining some strength, the pair might stretch further. But, there is also a possibility of forming triple tops, and now it is trading at the top of channel as well…so..

Here is the updated chart.

$AUDJPY 5-0