So, this is the first post of the year. I am fortunate enough to have my weekly target hit during Tuesday and Wednesday session. And, we are expecting Non Farm Payroll at the end of the week, so I am not opening any new position for the rest of the week. Any of my 12 […]
Trading Journal
Happy Holidays
I am still around, and still trading last week, just did not find time to post chart or tweet. Anyway, it is holiday season again, and I am closing most of my positions, and keep the last piece of AUDUSD short (at trailing stop stage now). Well, I am going to spend next week with […]
$AUDCAD 07 Dec 2010
I have been watching the chart of AUDCAD over the weekend, and I thought it provide some decent short opportunities. From price action perspective, it is trading around the defined downtrend line, and moving into the resistance area defined by previous swing points. On the other hand, we have a bearish harmonic formation at around […]
GOLD $GLD 02 Dec 2010
Here is the GOLD chart that I am looking at. I see confluence of resistance level, channel, Fib levels, and harmonic formation. I am keen to watch 1400 before deciding if to go short. [tab: Initial Setup] Here is the chart…… to confuse you. [tab: Update 05 December 2010] The initial bearish harmonic setup was […]
$USDCHF 29 Nov 2010
Here is the USDCHF. From technical point of view, it is forming a almost perfect harmonic pattern. Every point hits the target. Well, this doesn’t mean the pattern will work out. However, pattern recognition trading is about providing you a road map, or a window for you (well, at least, for me) to enter the […]
$NZDUSD 26 Nov 2010
While the NZDJPY setup is still valid, I have another bullish setup found in NZDUSD. Again, I see confluence of Fib levels, support level, bottom of channel as well as my favorite bullish harmonic formation. [tab: Setup 26 Nov 2010] Here is the chart to confuse you. [tab: Update 28 Nov 2010] The reversal zone […]
