USDCAD has been moving within a channel, and now we are sitting at the lower channel band. With the assumption that the channel movement will be continued, I am testing with a small long position from here. First target of long position is the mid pivot of the channel, and upper channel band is the […]
Trading Journal
$GBPUSD 07 September 2011
This is a swing trade setup. Cable is moving closer to retest previous broken trend line, and a bullish harmonic pattern is forming. It depends on one’s risk tolerance, I prefer to build entry near trend line. Still watching for now. I expect some reactions at the trend line retest. Here is the … CHART!
ASX200 06 September 2011
[tab:Setup] After RBA’s decision to leave cash rate on hold at 4.75%, I see an interesting setup in ASX200. This is an intraday trade setup. I am testing the idea with small risk. As long as the last low holds well, long bias remains. Let’s see how it works out. Here is the …. CHART! […]
$NZDUSD 31 August 2011
A bearish harmonic setup is observed while NZDUSD is retesting the broken trend line. Bias remains short for now.
New page: Intraday views
In case you haven’t noticed, I started a new page named “Intraday view“. Nothing fancy, basically, I am posting charts mentioned in my tweets which I found to be interesting throughout the day. No detailed comment will be given, just charts. I figured these charts might help some of my 13 readers, or at least, […]
$AUDNZD 19 August 2011
Here is another potential swing trade setup I have been looking at. $AUDNZD is testing the established down trend line, and with completion of bearish ABCD formation. I expect price to face resistance at this level. I’ll be watching price action closely next week to confirm my thought. Here is the….CHART!
