I did not take a single trade this week. This is partly due to a series of heavy weighted economic figures scheduled this week. The main reason is because of some urgent issues in family that need to be handled. I am still watching market in the early morning, and late night when I am […]
Coffee thoughts of the day 29-April-2009
I am not going to post charts today. In summary, my Long positions of GBPJPY and USDJPY were slaughtered , Long AUDUSD made it all back with additional profit.Read my twit here. If you live or visited Melbourne, Australia before, you should know about our most ‘Fabulous’ and ‘efficient’ public transport system. Let’s only […]
Trading idea: NZDUSD Short 27-April-2009
This is another trading idea comes out from my weekend chart scan. NZDUSD is another short pattern, that is targeting 0.560-ish, 0.5570-ish, and 0.5520-ish as 3 targets. These offer 1:2, 1:3, 1:4 R/R. We have official cash rate and RBNZ rate statement released this coming Thursday, so watch out. I can be very wrong again, […]
One USDCHF trade 23-April-2009
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 […]
EURUSD trade closed 24-April-2009
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, […]
One USDJPY trade 22-April-2009
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, […]
