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Gav's trading blog - Perseverance, Consistency, Confidence

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Gav

Another look at AUDUSD

by Gav Leave a Comment

After briefly approached 0.71 vicinity, AUDUSD pulls back to 0.69 area.  Is that a pull back, or we are again heading back to southern hemisphere? I have no idea.  My take is , we have a chance to stay above 0.68 and looking at 0.72-ish level as next target. Play with care, that’s the plan. This is my two-cent worth analysis. 

Here is the….CHART! (click to view full chart)

audusd-4hr_28mar2009

And here is some technical statistics

audusd-4hr_28mar2009_trend

In addition, let’s have a look at Dollar Index chart.  

dx29march2009

Both trend score and new charting service are now available for free trial.  I use it. I’d recommend you to give it a try. Here is a short video about the charting service.

Filed Under: Trading Journal Tagged With: AUDUSD, FX, Trading Journal

Gary Vaynerchuk on Web2.0 Expo

by Gav Leave a Comment

This is an old clip taken last year. Some of you might have watched it. I thought it was cool, and motivational. Watch it again,it is time well spent for the weekend.

Filed Under: Life, Trading Lessons Tagged With: Life, trading lesson, video

Barista technique and Trading

by Gav

channeling

A busy Monday, at the non-trading side, a tired Tuesday, and not so impressive Wednesday this sum up half of my week. I am not writing this post to tell you how were my days going, I don’t see a point of doing so. I have passed that stage.

Anyway, here is my infamous coffee thought of the day.

I start my day with a cup of coffee, every day. A cup of freshly ground, and brew Espresso or Long Black is essential. I am not a coffee expert, but I am a coffee lover. I have my grinder and Espresso machine at home. Here is a snippet from Home barista

Barista technique breaks down into three-time scales and skill levels:

The first is the minute or so spent grinding and making the shot. The key here is acquiring the skills to make shots consistently. One should be able to turn out four or five in a row with virtually the same timing, volume, color, crema, and taste. This skill is a physical thing, that is, it’s a matter of training and practice rather than learning.

The second is the time spent carefully tasting espresso or series of espressos, identifying the flavor balance and defects, and making adjustments to one’s pull or machines to correct them. The “dialing-in” process for a new blend usually requires a series of shots to get a satisfactory result and can proceed over several days to fine-tune it. To do this well, one needs to have experience in tasting and analyzing good espresso. One also needs to know how changes in extraction variables and machine settings affect the espresso’s taste.

The third is acquiring experience and informed preferences with a wide range of coffees, blends, espresso equipment, and alternative techniques. If you or someone you’re serving wants an espresso with a specific palette of flavors; you will know how to provide it. Home roasting and blending help in this. So does visit good cafes and roasteries, and talking with the knowledgeable people there.

I see a lot of similarities to trading. What do you think? Start making coffee…

Filed Under: blogs, Learn Trading Tagged With: coffee thought, Trading Lessons

TED talk :Dan Gilbert

by Gav Leave a Comment

H/T to Eyal, I found this interesting talk.  I am loving it.  Just how often we are deceived by our own miscalculations of the future, and make the wrong decision. Good stuff for the weekend.

why we make bad decisions – Dan Gilbert

Filed Under: blogs, Mental Games Tagged With: ideas, Life, Trading Psychology, video

Time for some OIL — in breakout mode

by Gav Leave a Comment

I am not trading on Friday, so I thought to have a look at some charts. After watching Adam’s video from market club, I had a look at oil.  I see oil coming. It is in the trading range, and with the sell off of USD , momentum is building up,  chances are, we will be seeing a upside breakout. My dumb prediction? 70-ish as first target. Let’s see how it goes. And…what do you think it will affect the equity market?hmm…are you still holding Long positions?

Here is the ….CHART! (Click to view full chart)

oil_daily

Here are some technical statistics:

oil_trend

About this tool

Filed Under: Trading Journal Tagged With: FX, OIL, Trading Journal, USD

Free videos from Jack Schwager, John Murphy, Jake Bernstein

by Gav Leave a Comment

inotv

INO TV is offering 3 free trading videos from the seminars of Jack Schwager, John Murphy and Jake Bernstein. I am not sure how long will the offer last, but, the key point is, it is free now, and I have spent some time watching these videos over the weekend, good stuffs.

Just sign up the the free trial account, immediately you are able view the 3 free videos. Enjoy!

Filed Under: Trading Lessons

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