Blog and Rants

I have a group of friends who recently lost some money in stocks markets. (Ok, let’s blame the market, if it makes you feel better.) To my surprise, they are rushing into currency trading now, and heck, live accounts. I can see the fire on their head. “I am going to make a killing in […]

I am not sure what did you see in the market now. Anyway, I don’t really care.. :-p I can’t find any decent setup in currency market on Monday. There are broken trends, and too early to call a reversal as well. So, I ended up with no action on Monday. This might be another […]

Some people are talking about bottom of Australian stocks market. Started from mid-December ’07 , we were seeing lower highs and lower lows forming. This is a downtrend, no? Well, looking from weekly chart perspective, we have in fact broken the last low (around mid August 07). OK, breaking the previous low doesn’t mean we […]

Something for you to think about. Does working out in gym help your trading? Some people say regular exercise will help trader staying sharp. Well, I think it should be true. I don’t know. But, the weight training teaches trading. How many times when you hit the gym, watching those big guys training then try […]

Man, I just realize that it is Friday today! I was extremely busy with my work this week (and, ok, I am following Australian Open as well 🙂 ). All I have is just a couple of hours after London session open. So, no trade at all. I hope to get back to swing next […]

Pretty much as I had expected. I did not put in any day trade. The surprised rate cut kinda messing up the things. There might be a lot of money changing hands today, but I am glad I am not in the market today, it is just….messy. Anyway, the rate cut did not save the […]