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Is it time now?uhm…AUDUSD

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Ok, first rule, I am only looking at the Long side of Aussie dollar (AUDUSD) and GOLD. Are we going to have rate cut in the coming month? Nah, I don’t think so. In fact, I have no idea what on earth is the new government doing now. Whatever…

Anyway, for trading purposes, I feel 0.96-ish is a pretty nice Long entry zone. I am waiting for entry setup to form.

Here is the …. CHART!

[photopress:audusddaily.gif,full,1]

Here’s the statistics

[photopress:audusddaily_trend_1.jpg,full,1]

About this tool

[photopress:golddaily_1.gif,full,1]

Here’s the statics

[photopress:Golddaily_trend_1.jpg,full,1]

About this tool

One Aussie trade

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Well, finally, I have a beautiful chart to show off again. I have been trading for the past few weeks, but , there was no good trade to show. If you have been following this blog, you know I was looking for Long opportunity after Aussie hit new 52-week high.

Here is AUDUSD long trade. The trade was established yesterday, and profit target of 0.98 is achieved around today’s London session opening. A +2.4R trade, or 110 pips profit.

Anyway, here is the….CHART!

[photopress:LongAussie15July2008.JPG,full,1]

By Trader Gav

Is it time now?uhm…loonie

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This is a longer timeframe analysis. USDCAD has been consolidating for a period of time. And now looks interesting. I am putting my bet on short side. I mean, I am positive of CAD. Other considerations include the weak, messy, troubled USD and the the relationship of CAD and oil price…uhm…. Let’s see how it works out.

Here is the…..CHART!

[photopress:usdcaddaily.gif,full,1]

Some statistics here

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By Trader Gav

The 52-week high Aussie

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AUDUSD, well well well. We have made a new 52-week high last week, with the help of surprised figure of unemployment rate and troubled USD.  I did not get into long position last week ( stupid huh? well).  It was just because risk reward ratio did not impress me. Whatever…

It looks interesting to me now. I am waiting for low risk entry to establish a some long positions. Next week we have RBA meeting minute. Well, what’s new in the minute?

Here is the….CHART!

[photopress:audusd4hr.gif,full,1]

Here is some statistics.

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By Trader Gav

Is it time now?…USDJPY

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Firstly, I don’t trade this pair. I have some negative biased views for both Dollar as well as Yen. I use this pair for analysis purposes. Alright, enough of nagging. I see weakness in Yen (that’s one of the reasons I am long AUDJPY now).

In the , what I call, a ‘short sighted’ view, USDJPY is trying to run up the 111-ish level. Let’s see how it works out.

Here is the….CHART!

[photopress:usdjpy06jul2008.gif,full,1]

And here are some statistics. ‘Short sighted’ view, we are in Uptrend. 🙂

About this tool

By Trader Gav