TraderGav.com

Gav's trading blog - Perseverance, Consistency, Confidence

Trading Journal

Is it time now? EUR/GBP….uhm….

by Leave a Comment

I decided to have a look at EUR/GBP as my friend, Jay , the lonely trader is looking at short side.  I have a different opinion this time (Anyway, we might be looking at different time frame). In fact, I am looking at potential long trade. I feel there might be another run of bull. And generally, I still don’t see a bullish GBP coming. Let’s see how it works out. 🙂

Here is the ….. CHART!

[photopress:eurgbp28march2008.gif,full,1]

Here is the….Trend Score! We are looking at a strong uptrend at the moment.

[photopress:eurgbp28march2008_trend.jpg,full,1]

About this tool

Is it time now? AUD/USD….uhm…..

by Leave a Comment

It is end of March. Sky above Melbourne Australia is kinda grey-ish. Rainy autumn days. Does it set up the mood to short some Aussie dollar? :o: .. Unintentionally, I have been trading AUD/USD for quite sometime. Maybe it is because, it is now my home currency, or maybe it is just because commodities currencies are in play for the past few months. Whatever it is, AUD/USD did give me some profit, that’s the point.

OK, for long term holding, I am still bullish about Aussie dollar. However, I am not adding/establishing new long position at the moment. Things are not looking good, in my definition, yet. I might do a couple of day trades (in the short side) in the coming days/weeks. Looking into shorter time frame (4-hr for example), we are indeed in a small downtrend since mid-march. Btw, my ‘proprietary’ momentum indicator (Long Black, named after my favorite coffee 😆 ) is not bullish, yet.

Here is the….. CHART!

[photopress:audusd28march2008.gif,full,1]

And here is the ….. Trend Score

[photopress:audusd28march2008_trend.jpg,full,1]

about this tool

Wednesday’s currency trade

by Leave a Comment

[photopress:eurgbp26march2008.gif,full,1]

Does this chart look like the one that appears in trading course advertisement?

“Ok, here is the secret to profit from forex trading, use my system to predict the explosive move!”

🙂 LOL.. Nah. this is just one of the trades I made today. I found the chart to be eye-catching. Concentrating in making good trade, beautiful charts will follow. I longed EUR/GBP . I expected a stronger Euro, but I did not predict it to be sooo strong today. :o:

We see Gold rebounds, I am still waiting for Aussie dollar to settle and give me a clearer picture. Let’s see how the market goes.

Aussie dollar…uhm..ugly..very ugly

by Leave a Comment

You can blame the volatility since last week. Whatever you wanna blame. Go ahead. Price action of Aussie dollar (AUDUSD) is ugly. It is not ‘healthy’ in my definition. Anyway, I have no position now. Yup, I hesitate to go short as well. Everything is just…messy. There might still be a little bit more downside , but, it is limited. We might be trapped into trading range again. Let’s see.

I am not a big fan of Fibo chicks , I am drawing on my chart just to attract more readers . LOL. Anyway, it looks like we are approaching so-called 50% retracement. I don’t care about this level , anyway. 🙂

Here is the…Trend Chart!

audusd23march2008_trend.jpg
About this tool

Here is the….CHART!

[photopress:audusd23march2008.gif,full,1]

Is the party over?

by Leave a Comment

Ouch! Look at Aussie dollar we are back to 0.92 region again. It only takes a day of action to give up our early gain.  Not a pretty chart, but looks interesting. 😆  I guess I need to wait for a little longer to see the parity ‘dream’ comes true. 🙂

Here is the….CHART! Cool , isn’t it?

[photopress:aud17march2008.gif,full,1]

No, I am not shorting it, yet.

The strength of Yen

by Leave a Comment

We have stronger Yen across the board last week. (That’s also the mistake I made by neglecting it last week.) Anyway, what I have in the box now is, not to go against Yen at the moment. I have a look at YEN futures. What a strong presentation.

Clearly, I do not have any medium term (some of you call it swing trade) candidate at the moment, since Dollar and YEN has been running extensively for the past two weeks. I will be watching out for day trading opportunity if there is any throughout the week.

Here is the …trend score

6j_yen_futures_trend.jpg
About this tool

Here is the….CHART!

[photopress:6J_YEN_FUTURES.jpg,full,1]