I made 2 day trades yesterday. Long EURUSD, Short USDCHF. Simple setup. But, instead of waiting for the planned target, I chickened out on exit. Well…
Beautiful charts.
[photopress:_USDCHF3_9_2008_1.jpg,full,1]
[photopress:EURUSD.jpg,full,1]
Side note. If you are not reading this post on tradergav.com, please leave immediately. My posts are stolen by some sissy birds recently. They created a new website and published my work without my knowledge.
I have not been upgrading my trading hardware for a long time. I used to trade with my laptop and a old 15″ LCD monitor for the past few years. OK, I am a stingy asian man. 😆 . Anyway, I just got my Samsung SyncMaster 2253LW 22″ LCD monitor from ebay yesterday. Cool stuff. Now here is my new hardware setup.
[photopress:IMG_0253.JPG,full,1]
Here is one nice chart to show. Two day trades, 1 stopped, another with couple of Rs. Small positions, still playing around with new setups.
[photopress:_GBPJPY__27_8_2008_1.jpg,full,1]
Oh crap. That’s the term I used the most last week. :lol:. Man, Aussie dollar was breaking down again and again. It broke my 0.93 support, and now trading below 0.90. Holy smoke… 😆
I did not make money from shorting Aussie dollar last week. The excuse I am going to use is…I was darn busy with my day job. What a crappy excuse, isn’t it? 🙂 .. Nah, the fact is , my trading style tends to hold the position for a longer period, and negative interest position is not a good idea for me. So, I would rather stay away from the market.
Is next week a good time to short Aussie? I don’t think so. Well, at least I am not doing that. We have RBA monetary policy statement coming. But, don’t you think the on plate interest rate cut has already been priced in? Expect a volatile week, I am not trading. I would rather spend my time watching Olympics Games.
Here is the…..CHART!
[photopress:aussie_daily.gif,full,1]
Some statistics
[photopress:aussie_daily_trend.jpg,full,1]
Here is the ETF ,CurrencyShares Australian Dollar Trust (FXA)
[photopress:FXA.jpg,full,1]
Chart is generated by Tradecision.
Daily chart of EURO is a beauty. Consolidation, breakout, consolidation, breakout. I love this chart. Well, we are again in the consolidation phase, and at the new high area. I remain positive now, which means I am only looking at the Long side at the moment. It depends on what do you want from the market. Accumulate long position to anticipate the upside breakout? or hold your breath now and wait for the breakout.
Here is the….CHART!
[photopress:euro_daily.gif,full,1]
Here is the statistics
[photopress:EURUSD_trend.jpg,full,1]
And here is the FXE (CurrencyShares Euro)
[photopress:FXE.jpg,full,1]
Chart used Tradecision
Let’s have a quick look at USO ( United States oil Fund, ETF) and spot Oil price. I am not sure if people start talking about the bull run is over. Well, not yet. Uhm…I am not convinced, yet. This implies, the recent strength of Dollar might be short lived? There is another theme calling commodity run is over. I am not surprised to see these two theories now. Pickin’ top and bottom is just part of human nature.
For a short term trader like me? I am waiting 🙂
Here is the ….CHART!
[photopress:USO.jpg,full,1]
This chart is brought to you by Tradecision
[photopress:spot_oil_daily.gif,full,1]
