Blog and Rants

GOLD reacted to resistance level and remain moving within daily down channel. There are some details to watch in lower time frame. Here is the weekly review of Spot Gold XAUUSD levels 05 August 2013

I thought I will write a quick follow up of the USDJPY development. Well, in the bigger picture, price is still trading within the channel as shown in my previous post Here and Here. However, there are some developments in Hourly time frame which I can use to show how I approach the levels. This […]

Here are the harmonic patterns that I trade and some guidelines I use in my trading.

Very often, on twitter or forums, I see people posting some simple trading setups, and give them some odd names, then call it their inventions. Laughable indeed. Anyway, kudos to them for providing some amusements. One of the most commonly seen setup is Immediate retest of broken support/resistance level. Well, regardless of the names given […]

In my previous post, we have identified the potential resistance zone around 1335. We are right there now. I would like to see a turn at this area, and projected target is at 1000 should the selling resumes. But, it is not as simple as it sounds. There are road blocks in front of us. […]

AUDUSD Aussie remains trapped within the trading range. You can trade your range play strategies, I prefer to wait for nobrainer setups. 0.93 is still the key level to watch for any bullish movement. 0.9030 is the immediate support area to watch. A break of these levels will interest me. For short term intraday trading, […]