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Gav's trading blog - Perseverance, Consistency, Confidence

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A gap trade example 18 June 2012 : $AUDJPY

by Gav 3 Comments

I have stopped posting my trade long time ago for various reasons. Anyway, I thought I might throw in an example today to show how I trade gap. In fact, I am not really sure if �I can call this a gap fill strategy, as it is basically a simple support/resistance trade. After all, everything comes back to your level. Define your level, and plan a trade around that. That’s what I am doing.

Here is 5-minute chart of AUDJPY. �There were quite a number of FX pairs with Sunday gaps this week, I picked this pair as it was showing me the cleanest setup at the time I was back to my workstation. I waited for the pair to retest the 5-min level, and put the target at the gap opening , the end result gave me slightly more than 2R.

$AUDJPY M5

Filed Under: blogs, Support Resistance, Trading Journal Tagged With: AUDJPY, gap trade, Key Levels

Pre-market preparations by Linda Raschke

by Gav 1 Comment

Found this clip on Youtube. Linda Raschke�discusses her pre-market preparations, technical and fundamental analysis, and important steps traders should take to prepare for each trading day.

Filed Under: blogs, Learn Trading, Trading Lessons Tagged With: Trading Lessons, video

Video: Trading Lesson of the Week – Trading is a Skill

by Gav Leave a Comment

This is a short trading lesson from Bella (@smbcapital), the author of One Good Trade: Inside the Highly Competitive World of Proprietary Trading (Wiley Trading)
(I highly recommend the book). Trading is a skill. “The answer is, you develop your trading skill day by day”. Excellent point.  Watch this after you have summarized your trading week.

Filed Under: blogs, Learn Trading Tagged With: One good trade, Trading Lessons, video

Why and How to Use and Determine Stops by Linda Raschke

by Gav Leave a Comment

Here is another video clip of Linda Raschke. This time, she talks about Why & How to use and determine stops. Since today 31st May is observed as bank holiday in both London and U.S. I’d rather spend some time watching the video instead of the thin volume market.

Here we go, enjoy.

Filed Under: blogs, Learn Trading Tagged With: linda raschke, Trading Lessons, video

Plan your trades, learn the essentials by Linda Raschke

by Gav Leave a Comment

Here is a video clip of Linda Raschke’s seminar. I thought it is good to refresh your mind. Same old trading wisdom, but do you practice it in your trading?

Filed Under: blogs, Learn Trading Tagged With: Trading Lessons, video

One simple trade sample

by Gav 6 Comments

Here is one simple trade I have made today. Nothing fancy here.  In hourly chart of AUDUSD, a bearish candlestick reading was observed, and, in addition, previous swing high was taken out. These gave me a bearish view. Ignoring the hype of improving Aussie employment figures, and RBA rate hike news, these did not sound good to me. I went short.  And here is the chart.

AUDUSD_simple_trade

Filed Under: blogs, Trading Journal Tagged With: AUDUSD, FX, trade example, Trading Journal

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