Is Australia heading to recession? Some said next 3 months are crucial… Think of it like this: we are in a car that has been braking sharply as a result of higher interest rates, higher petrol prices, diminishing household wealth and fear of what might lie ahead. Now the car has slowed sharply, the question […]
EURUSD…Not yet, but soon?
Daily chart of EURO is a beauty. Consolidation, breakout, consolidation, breakout. I love this chart. Well, we are again in the consolidation phase, and at the new high area. I remain positive now, which means I am only looking at the Long side at the moment. It depends on what do you want from the […]
OIL..is it over? Yet?
Let’s have a quick look at USO ( United States oil Fund, ETF) and spot Oil price. I am not sure if people start talking about the bull run is over. Well, not yet. Uhm…I am not convinced, yet. This implies, the recent strength of Dollar might be short lived? There is another theme calling […]
Is it time now?uhm…AUDUSD
Ok, first rule, I am only looking at the Long side of Aussie dollar (AUDUSD) and GOLD. Are we going to have rate cut in the coming month? Nah, I don’t think so. In fact, I have no idea what on earth is the new government doing now. Whatever… Anyway, for trading purposes, I feel […]
Trading links stocktake
I was doing some housekeeping on my bookmarks, here are some trading links I thought it might be useful to my readers. Trading Plan: Trading Plan Template Questions to ask when writing a trading plan Some interesting debates about having a trading plan, or not 10 ways to deconstruct your trading and build a better […]
Hello! Asia…no..Ouch! Asia….
This is not a Forex trading post. While doing my regular Sunday morning reading and chart browsing, I see this interesting picture. I happened to open up charts of Asian markets related ETFs, what a unity. Nothing new, just to note down, probably, the first bear market in my life. Yup, I am just turning […]
