Thanks to Jay, the lonely trader for sharing this finding on scribd.com. Enjoy reading! Trend Forecasting With Technical Analysis Disclaimer: I am not the publisher of this book, this book is available on scribd.com and it is shared on this blog by using the sharing functionality provided by scribd.com. [Update 17 July 2010]: After this […]
Trade of the day 12 July 2010: $EURGBP Short
My internet connection has been extremely unstable and crappy today. I am in fact taking additional risk by continuing trading 🙂 . Anyway, this is a pretty straightforward technical trade. EURGBP was hanging around Friday’s high, with failure to make it above 84 level. Short position was entered at 84, two profit targets were achieved, […]
Trade of the day 09 July 2010: $EURUSD Short
I shorted EURUSD at 1.27. If you have a look at hourly or 4-hour chart, a bearish rising wedge was formed. After observing EURUSD struggled at 1.27, I pulled the trigger. And, what a day. 3 profit targets were hit. Here is the CHART! Have a great weekend!
Working offsite
As I mentioned before, I am trading from Jakarta, Indonesia for the next couple of weeks. Here is to show you my offsite office setup. Keep it simple. 🙂 Man, I miss my LCD screens back in Melbourne….
Basics of Elliott Wave Analysis
Coincidently, after I posted the reading materials about Elliot wave analysis, folks at EWI is releasing Basic of Elliot Wave Tutorial. Again, this is absolutely free, and the tutorial consists of 10 lessons. Here’s is what you’ll learn from the tutorial: What the basic Elliot wave progression looks like Difference between impulsive and corrective waves […]
Reading material: Hidden Divergence
Here is another article I found on scribd.com I thought it is worth reading. Hidden Divergence. Just as classic divergence does not appear on every price chart, so it is with hidden divergence. But when they do appear, they are worthy of attention. The trick is to train your eye to recognize one when it presents itself. Again, I am not […]
