Here is a video clip of Linda Raschke’s seminar. I thought it is good to refresh your mind. Same old trading wisdom, but do you practice it in your trading?
New look, new start..hopefully
After sticking to the same layout design for almost 2 years, I have decided to pull the plug to have a total makeover. Here we go. And, Yes, I know I have been slow in blogging as well. Over the past year, I have been busy with my family, job, and I am now a proud father of my 5-month-old son. 🙂
Life was and is busy, but trading has never stopped. As part of trader’s development, I slowed down my trading for a while, fine-tuning myself, and my trading, and then keep the fire burning. My trading approach has not changed much, though I fine-tuned some of it. If you look at the charts I posted here, you should be able to see how simple it is.
So, with the new look of the blog, I really hope I have time and energy to think and write more here. You know, life is never the same after having a new member to the family. I normally start working when the whole family go to bed.
Meanwhile, if you are interested in listening to my rants and my trades, subscribe to my RSS feed, and follow me on Twitter!
Trade Well.
$USDJPY 31-May-2010
The last GBPUSD trade did not work out as plan. I did cash in some pips at the initial bounce of 1.45, but after that the market just went wild. Here is what I am looking at now. $USDJPY. I did not go in on Friday, I was not convinced with the action. I am looking at around 91.70 ish for potential short opportunity if the market decides to bounce further from current support. Let’s see how it works out.
Here is the chart. (click on the chart to view full version)
Doing some cable work…$GBPUSD
This is what I am looking at. Cable has been in consolidation since 17-May-2010. I am bearish. I am at short side at the moment. Playing on the bounce of upper range and downside breakout if it happens.
Here is the …. CHART!
$AUDUSD.. the ditched, the dumped..
I have been watching the selling of AUDUSD. No position at the moment. We are now roughly at the 38% retracement, 82 cents zone. Let’s see if it is supported here, or maybe we will be looking at 0.78 level, which is also 50% retracement in daily chart. I am looking at every opportunity to build my long term position.
Here is the chart! (Click to view full chart)
Are we there yet? $NZDUSD 10-May-2010
This is something that I am looking at, and thinking about. Will NZDUSD stop at 0.73 level? Probably. However, it might be a small pull back, and I am looking at mid 0.74 for a stronger resistance level. Well, let’s see.
Here is the…. CHART!
