Yes, Gavin, a.k.a Trader Gav is on fire. And I am showing off here :o:

I made another loony trade. I shorted USDCAD. This is a text book setup. OK, it is my text book, I don’t think you can find  it in Amazon, so give up!. 🙂 This is 1:2 risk/reward trade. Target on 0.9900. Everything worked as planned, bagged another +60 pips for the day. I started feeling arrogant, and careless now. So, I am done for the day. 🙂

Here is the ……..CHART

[photopress:usdcad26Feb2008.jpg,full,1]

I feel happy, not only because of the money I have made, but I just complete yet another good performance.

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Again, the reason I post these trades is just because the chart looks so beautiful. You want some trading secret? ok , here we go, ‘ bigger time frame, bigger profit’. Happy? 😆

I closed partial AUDUSD position when it hit my first profit target, slightly below 0.93 level. Not too bad with a 3.36-R profit for this trade. I am still holding Aussie dollar now with 0 risk, since stop was moved to break even , and yes, as long as it stays above 0.92, I will hit it again.

Here is the …..CHART!

[photopress:AUDUSD26Feb2008_Trend.jpg,full,1]

And , Kiwi!, you weak kiwi!, no comment, I hate kiwi! 😆  I was stopped at break even, with awesome o pip profit.  And I am not done yet. As long as it goes clear above 0.81, I will be there again.

Here is the …..CHART!

[photopress:kiwi26feb2008trend.jpg,full,1]

Not bad  huh, I think I did pretty well in these two trades. I am certainly not being humble. 😆

I was soooo focused on Aussie dollar last week, and I will still do this week. However, during my Sunday night chart scanning, EUR/USD jumps out. I like what it is presenting to me on the chart. I see it as a accumulating process. The strength is building up, and we are firing above 1.5 soon. What do you think?

You can say that we are hitting the resistance level soon. Yup, I won’t ignore this fact, but I am positive. I am looking at 1.5-ish, and the dying USD. Looking at USDCHF and USDJPY, I am bearish about dollar. These are my opinion. And, as usual, you know, I am always wrong. 😆

Here is the Trend Score I am looking at:

About this tool

Here is the ……. CHART!

[photopress:euro22feb2008daily.gif,full,1]

Another interesting pair that catches my eyes is Kiwi. NZDUSD. We are reaching previous high. I am looking at new high. I will start looking for long entry point when we Kiwi makes new high. Let’s see how it goes.

Here is the Trend Score:

About this tool

Here is the ……….CHART!

[photopress:kiwi22feb2008daily.gif,full,1]

That’s enough for Sunday night. Time to catch some sleep. See you next week, and have a good trading week ahead!

Let’s have a look at AUD/USD again. Looking at the daily chart, are we looking forward a explosive move soon? or it is time to go back to the trading range again? Interesting. Last week, Aussie just failed to make any progress through the resistance area. :o:

Here is the ……..CHART!

[photopress:aud18feb2008daily_1.gif,full,1]

Looking into 4-hour time frame. Is that a ascending triangle? do you buy that? does it show ,’internally’ we are gaining strength to break out from the resistance? Let’s see.

Here is the ……CHART!

[photopress:aud18feb20084hour_1.gif,full,1]

And here is the overall trend score. So far, uptrend is still intact.

About this tool