I am not taking this trade (EURJPY) due to bank holidays. UK and U.S banks observe Spring Bank Holiday and Memorial Day. I am not interested in trading during holiday session. Anyway, the chart sets up nicely. It provides a nice short setup for short term trade, however, risk is relatively higher trading during the […]
Wrong side!
I am obviously at the wrong side of market this week. So, before any serious damage , I decided to stop my car for a while, and enjoy watching. 😆
Bearish view of GBP crosses
We saw a pretty good run of British Pounds crosses recently. However, good things seem to come to an end. I saw bearishness across GBP crosses. Looking at the bigger time frame of GBPUSD (i.e daily and weekly), now might be the time for down trend to resume. For short term trading (1 to 2 […]
Weekly wrap up 15-May-2009
It is Friday! I managed to make some trades this week. CHFJPY, NZDUSD shorts are the winners of the week while I missed out some short term trades in AuDUSD, AUDJPY, NZDJPY. Having in the slightly ‘difficult’ situation recently, unpleasant day job, family issues, stress were building up faster than I imagined,this situation put me […]
Picture of AUDUSD before Budget 2009
Or picture of AUDUSD before $60 billion budget deficit? 🙂 Well, it is a shouting SHORT….. Keep this chart as record. Not sure about the effect of budget 2009 to the currency. I am not trading the pair for now, but watching closely.
Trading Idea 11-May-2009: Short CHFJPY
I posted CHFJPY chart in chart.ly and twitter over the weekend. I saw a potential short setup. While CHFJPY is in the resistance zone, I am waiting to see if it stalls there before going short. Though I have yet to see any immediate advantage of posting on chart.ly, it looks pretty interesting. I’ll […]
