So, my Aussie positions are closed now. I am not stopping here. I am looking at potential short trade of NZDJPY. Again, this is a simple idea, I am going to test the resistance.
What do you think?
Chart of the moment
Chart of the moment: $AUDJPY 09-Feb-2010
I am still trading and watching the markets. However, I didn’t find anything interesting to post on the blog, that explains why the lack of post last week. However, you can always follow my tweets.
Anyway, I tweeted yesterday about going Long with AUDUSD and AUDJPY. I am still holding the positions. Here is the chart of AUDJPY. Do you see something interesting here? As usual, I love to go in to test the support zone. Let’s see.
What do you think?
Is it time now? A look at GOLD ($XAU)
I exited my AUDUSD long position earlier today with small loss. The entry was too early. However, I am still looking to build long positions of AUD, NZD and CAD (by Short USDCAD). Let’s see how this strategy works out. Basically, my approach is to test the market, if it does not work out, I run, building another position. No scalping though. OK, I am talking too much now.
I had a look at GOLD. This is another reason I am interested in building long positions of commodities currencies. Well, though this is not the only factor. Take a look at Daily and 4-hr, what do you see? Is it going to break or bounce?
Here is the chart (click to view full chart)
Here are some technical figures:
$NZDUSD :Catching the falling knife?
I start to buy some Aussie dollar and looking to buy Kiwi dollar soon. Oh well, you can say I am catching the falling knives. So what? What would be the worst case if I am wrong? Got stopped out, that’s it. What so tough about that? 🙂
Anyway, here is 4-hr chart of NZDUSD. I am looking at few touches of the support zone, and start buying some to test the support. Let’s see.
Is it time now? $AUDUSD is in the zone
AUDUSD has been smashed to the support zone I’ve mentioned yesterday. It is ugly. I am not happy, given the fact that my base is Australia.. 😆
Had a look at 4-hour chart, I would like to see some ‘touches’ on the support zone, and start buying some AUDUSD to test the support.
Let’s see. What do you think?
$AUDUSD : Time to break the line?
After testing the support line around 0.9170 area 3 times, we are now heading to the same area again. This time, I am looking at the break of support, and give me a target of 0.9120.
I am going in with a small short position to test this idea. Let’s see.
What do you think?
