Blog and Rants

This is what I am looking at. Cable has been in consolidation since 17-May-2010. I am bearish. I am at short side at the moment. Playing on the bounce of upper range and downside breakout if it happens. Here is the …. CHART!

I have been watching the selling of AUDUSD. No position at the moment. We are now roughly at the 38% retracement, 82 cents zone. Let’s see if it is supported here, or maybe we will be looking at 0.78 level, which is also 50% retracement in daily chart. I am looking at every opportunity to […]

This is something that I am looking at, and thinking about. Will NZDUSD stop at 0.73 level? Probably. However, it might be a small pull back, and I am looking at mid 0.74 for a stronger resistance level. Well, let’s see. Here is the…. CHART!

AUDUSD broke below 0.91. Well, I am looking at some possible minor support around 0.906-ish level, however, the level of interest would be 0.90. Let’s see how it works out. I still love the idea of  Long Aussie.

Still in Jakarta. And broadband connection still fails to work. I picked up The Big Short: Inside the Doomsday Machine by Michael Lewis. It is a absolutely entertaining read. Check it out. Forget about the negative reviews on Amazon.com, as those were written from the desperate Kindle fan boys before the release of Kindle version.

As mentioned in my Twitter feed, I am currently in Jakarta, Indonesia. Unfortunately, my broadband connection is having some serious problem. My next destination will be Malaysia…So, heavy travelling schedule it is. I am still watching markets, but with limited trading. Let’s see if I can post/tweet something along the way. Meanwhile, trade well.