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Gav's trading blog - Perseverance, Consistency, Confidence

Gav

One USDCHF trade 23-April-2009

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Short position of USDCHF was established at the same time as my EURUSD trade mentioned in the last post.  Technically, I was bearish about Dollar. Another classical text-book pattern. Profit target was hit on Friday with +2R , a perfect way to end the week. It has been a decent week with +7R. I am not trading on Friday.

On a side note, Oanda has been behaving abnormally today. There were times it prompted me ‘Server Busy’ and failed to log into my account, and quote was lagging, and , as I am writing now, my ‘Activity’ tab is empty. Well…. Any of my 12 readers encounter the same problem?

Here is the…. CHART!

usdchf_trade_closed_oanda_23april2009

 

*Update : Communicated with Oanda support, upgrade work of platform is going on, and Activity tab is disabled.

EURUSD trade closed 24-April-2009

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Trading idea of Long EURUSD pays off today. Profit target was achieved and position was closed with +3R, or +200 pips (does pips count make me sound awesome? whatever…).

I guess, patience played the major part of this position. Well, I should admit that, there were times that I really wanted to exit earlier. Fortunately, I am old enough to know when to leave the machine, shut down the platform and enjoy some wine.

Alright, enough ranting. Here is the …. CHART

eurusd_trade_closed_oanda_23april2009

One USDJPY trade 22-April-2009

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At the end of Tuesday U.S session, I saw a nice short setup in USDJPY. Classical text-book pattern to me, and offered me 1:2 R/R. 

Short position was established, profit target was achieved at the mid day of Asian session. Not too bad with +2R gain.

Here is the…CHART! Well, forget about the MACD, I was just too lazy to remove it.

usdjpy_22_april_2009

Trading idea: EURUSD Long 21-April-2009

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Firstly, the NZDUSD pattern failed last night, so, no trade was taken. Dollar had a good day, and it actually brought EURUSD back to daily support zone. I see opportunities to get in some Long positions. Orders are pending now, waiting for entry setup. Let’s see how it goes.  1:3 R/R setup. 

Anyway, here is what I see. Here ……….CHART!

eurusd_4hr_21april2009