Blog and Rants

Here is the $AUDJPY chart I mentioned earlier on. I am holding long position, with some profit booked, and stop is now at break even. This is a text book 5-0 formation where all fib levels are nicely respected. [tab: Setup] Here is the chart to confuse you. Have a great weekend! [tab: Update 18 […]

Here is the USDJPY chart. I am looking at 83 area for potential short trade. There are confluences of Fib extensions, harmonic patterns formation, and price resistance area. Here is the chart to confuse you.

I am looking at GOLD chart this morning, I got the feeling it might be the time to see some corrections soon. It is now trading around the top of the recent channel, and there are confluences of Fib extensions and harmonic patterns. I have two potential zones defined on my chart. Let’s see how […]

Here is an interesting chart. GBPCHF bounced off the lower channel band, with confluences of Fib extensions and harmonic patterns. I am interested in trading the Long side. OK, I am going to confuse you with this chart. Go figure.

Here is what I see in $EURGBP.  I am looking at the potential head and shoulder formation. Let’s see how it works out. [tab: Setup] Here is the CHART! (click on the chart to magnify) [tab: Update] EURGBP did not follow through, and it failed to reach the level to form H&S. No trade was […]

Let’s have a look at the beast, $GBPJPY.  I see some confluences of Fib levels, resistance levels and harmonic pattern formation. I am interested in getting in some shorts around 131.80 level or slightly above this level. Let’s see.. [tab: Setup] Here is the…. CHART! [tab: Trade update] No update at the moment, come back […]