Let’s have a look at AUD/USD again. Looking at the daily chart, are we looking forward a explosive move soon? or it is time to go back to the trading range again? Interesting. Last week, Aussie just failed to make any progress through the resistance area. :o: Here is the ……..CHART! [photopress:aud18feb2008daily_1.gif,full,1] Looking into 4-hour […]
Trading Journal
Examining some figures
I am trying a new idea of examining strength (or maybe sentiment) of some currencies. Taking the average of the trend scores (as of today) that I am using. No rocket science, just some statistics to be considered before making trade. A scale from -100 (strong downtrend) to +100 (strong up trend) YEN GBP/JPY -55 […]
Position trade of the week : Long AUDUSD
None of my short setup of AUDJPY was formed, and I don’t feel like going against Yen at the moment, so I do not try to go long as well. Instead I shift my attention to AUDUSD. Nice. I saw a long entry opportunity around 0.9040-ish level. This is a position trade, with good risk/reward […]
Is it time now? uhm….. AUD/JPY
During my routine Sunday chart scanning , AUD/JPY jumps out to me. I see something interesting. It looks like a bearish flag, then it broke down, pulled back, and this might be a downtrend continuation. I am watching closely, and play at the short side with caution. But,be prepared, it might signal a new bull […]
So which one do you call?
Let’s look at GOLD. I just love this chart. Clean and clear. We have a new higher low and the recent pull back ended earlier than I had expected. Anyway, strong uptrend is still intact. Here is the trend score : About this tool Here is the…..CHART! [photopress:gold09feb2008daily.gif,full,alignleft] While we prosper in GOLD, we have […]
Thursday’s currency trade
Overall, this is not a good trade. I got a nice short entry of Aussie dollar. The interest rate rise did not help to push aud/usd back to the recent high, and indeed, it fell back to the trading range. I wanted to short, and today , I saw an nice entry. But, I don’t […]
