Blog and Rants

In a shorter time frame, I see some price formation which will probably lure some traders shorting EUR/USD again. I am not into it this time. To me, for short term trading, I don’t see good risk/reward setup now. Well, again, that’s in Trader Gav’s definition. Here is the…..CHART! The color dots are just to […]

Hat tip to Caroline Hobkinson who sent me the link of this video today. Funny. A good laugh for the weekend 🙂

OK, this is not a good trade, in my definition. I am not being myself today. Anyway, I exited short position of EURUSD around 1.54-ish. I didn’t like the fact that price flirted around 1.54-ish level. (OK, maybe this exposed my weakness of unable to hold on the winner). Whatever, not a good trade, but […]

I am not going to write too much. Are these charts look a sell to you? Think… EURGBP : Trend Score: -55 [photopress:EURGBP06May2008.gif,full,1] EURUSD : Trend Score: -70 [photopress:eurusd06may2008.gif,full,1] NZDUSD: Trend Score: -55 [photopress:nzdusd06may2008.gif,full,1]

So you know we had a surprised Non Farm payroll numbers last Friday. The Green Back is showing some strength. I see some Long setups in dollar pairs, before I start my trade selection, I would like to have a look at Dollar Index. We saw dollar kinda bottomed around 71-ish level. Well, maybe I […]

I spent my day in church, shopping in Queen Victoria market,  having Malaysian food for lunch, a nice coffee break in a small cafe near my place. What a nice day. A little chilly in Melbourne, but I feel good. A day without work and trading. After finished my dinner, I was checking out my […]