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Via Eyal
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Look at the way she use charts. Nice analysis and trade. I am tempted to back to NQ trading.
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Two Bear Stearns hedge funds soared by specializing in exotic securities and unorthodox practices. Then they imploded
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The latest hoo-ha in the blogsphere.
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Interesting. I kinda agree with this points…
Blog and Rants
Charts of interest: AUD/USD, AUD/JPY, CAD/JPY, NZD/USD
These are the charts that caught my attention. And I will be targeting on these pairs for my day trading.
NZD/USD is approaching resistance area. I might not be trading this pair , or if I do, I will exit around 0.77 if it stalls.
[photopress:NZDUSDdaily26Oct2007.JPG,full,alignleft]
AUD/JPY is coming back nicely. It looks pretty bullish to me. Making higher lows, and bounced from support areas. No question, it is in my list.
[photopress:AUDJPYdaily26Oct.JPG,full,alignleft]
AUD/USD. Look at that! Sky is the limit. You must be thinking, it is too high, but heck, didn’t you think the same when it was just below 0.92?
[photopress:AUDUSDdaily26Oct2007.JPG,full,alignleft]
CAD/JPY. Another pair that bounces from support and forming higher lows. I am watching it to swing higher.
[photopress:CADJPY26Oct2007.JPG,full,alignleft]
links for 2007-10-28
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Newton’s Apple and Your Trading
Well, the ‘Trading while sleeping’ strategy continues to be profitable 🙂 . Just kidding, nothing fancy. Just put in my trade, set the stop, and off to bed. Exit the trade at the close of U.S session , which is then morning in Melbourne Australia (that concludes a trading day). Basically , the idea is to reduce the time starring on trading screen and subsequently reduce most of the psychological problems of trading.
I made 2 trades on Friday. I long NZD/USD and EUR/USD. I missed AUD/USD entry. Kiwi and Euro were both forming a nice ascending triangle (well, I like this type of chart setup). I went long at the break of resistance level. End the day with Kiwi ,+29 pips, Euro, + 47 pips.
Here is the…………..CHART!
Kiwi
[photopress:NZDUSD1hour26Oct2007.JPG,full,alignleft]
Euro
[photopress:EURUSD1hour26Oct2007.JPG,full,alignleft]
On the side note, one of my brokers continues to surprise me with its spread widening game (You know which one I am talking about! 😀 ). I was planning to close my trades before closing bell of U.S market. However, around an hour before closing bell, I was surprised to see spreads of all currency pairs on my screen were widened, and Euro and Kiwi all having 10 pips spread. WTF. I lost a couple of pips profit because of this. :-p
Here is the ……WIDENED SPREAD.
[photopress:widenspread10pips.JPG,full,center]
Have a nice weekend, traders!
Another ‘ Trading while sleeping’ trade. I entered a Long position of AUD/USD around an hour before U.S session started, set the stop, and left it. I closed the position at the close of U.S session. I have increased my position size. End the day with around 41 pips or +0.89 R.
OK, here is the ……CHART!
[photopress:AUDUSD1hour_25Oct2007.JPG,full,alignleft]
Wednesday’s currency day trade
Not so exciting. I Long AUD/USD , set the stop, went to sleep, and exit the trade at close of U.S market (which is 7am Melbourne, Australia). End the day with +16 pips, which is tiny +0.14 R.
At the same time, I am testing a new strategy in demo account, and hopefully the result is good enough to go live in the coming week.
ok, here is the …….CHART!
[photopress:AUDUSD1hour_24Oct2007.JPG,full,alignleft]
