This is something that I am looking at, and thinking about. Will NZDUSD stop at 0.73 level? Probably. However, it might be a small pull back, and I am looking at mid 0.74 for a stronger resistance level. Well, let’s see. Here is the…. CHART!
Trading Journal
Chart of the moment $AUDUSD 04-May-2010
AUDUSD broke below 0.91. Well, I am looking at some possible minor support around 0.906-ish level, however, the level of interest would be 0.90. Let’s see how it works out. I still love the idea of Long Aussie.
What I’m reading: The Big Short
Still in Jakarta. And broadband connection still fails to work. I picked up The Big Short: Inside the Doomsday Machine by Michael Lewis. It is a absolutely entertaining read. Check it out. Forget about the negative reviews on Amazon.com, as those were written from the desperate Kindle fan boys before the release of Kindle version.
Out of office
As mentioned in my Twitter feed, I am currently in Jakarta, Indonesia. Unfortunately, my broadband connection is having some serious problem. My next destination will be Malaysia…So, heavy travelling schedule it is. I am still watching markets, but with limited trading. Let’s see if I can post/tweet something along the way. Meanwhile, trade well.
Something about $USDJPY : 26 March 2010
I have been watching USDJPY. For short term trading purposes, I am looking at potential short opportunity above 93 cents. Of course, it might start to retrace before 93….Anyway, I am looking at another leg to move up to 93 now.
A follow up of $NZDJPY
I don’t normally post detailed result of my trades. I just thought this chart is a beauty. Referring to the previous post for the short setup of NZDJPY. Target was hit. 63.05. And, maybe, this trade shows a little effort to plan your trade will reward you. Here is the charts.
