Here is the trade I would like to share today. After observing USDCHF hanging around yesterday’s low throughout Asian session, and ‘seemingly’ forming short term bottom. I thought it was worth trying out a long trade. I went long $USDCHF. 2 profit targets was achieved and trailing stop was, unfortunately, triggered.
Here is the chart.
I thought I would choose a good trade a day (if there’s any) to post here. Maybe some of my 12 readers might find it to be useful. I shorted GBPUSD during early European session when cable failed to exceed yesterday’s high. My entry was not ideal, it was a little bit late. The trade worked out nicely with 2 profit taking orders triggered, and last portion of position is still trailing.
Here is the Chart. I thought it is pretty simple.
After sticking to the same layout design for almost 2 years, I have decided to pull the plug to have a total makeover. Here we go. And, Yes, I know I have been slow in blogging as well. Over the past year, I have been busy with my family, job, and I am now a proud father of my 5-month-old son. 🙂
Life was and is busy, but trading has never stopped. As part of trader’s development, I slowed down my trading for a while, fine-tuning myself, and my trading, and then keep the fire burning. My trading approach has not changed much, though I fine-tuned some of it. If you look at the charts I posted here, you should be able to see how simple it is.
So, with the new look of the blog, I really hope I have time and energy to think and write more here. You know, life is never the same after having a new member to the family. I normally start working when the whole family go to bed.
Meanwhile, if you are interested in listening to my rants and my trades, subscribe to my RSS feed, and follow me on Twitter!
Trade Well.
The last GBPUSD trade did not work out as plan. I did cash in some pips at the initial bounce of 1.45, but after that the market just went wild. Here is what I am looking at now. $USDJPY. I did not go in on Friday, I was not convinced with the action. I am looking at around 91.70 ish for potential short opportunity if the market decides to bounce further from current support. Let’s see how it works out.
Here is the chart. (click on the chart to view full version)
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 build my long term position.
Here is the chart! (Click to view full chart)
