I started the the week with bullish view of Euro dollar. Since it was testing historical high, I did not jump in immediately. After the sell-off gap in the Monday Asian session was filled, I went long with extremely small position size. Yes, it was extremely small. LOL 😆 . Heck, I was stopped out sometime around Tuesday London session. Cost me -1R… I was still bullish, and I WAS looking for another entry opportunity..but AUSSIE dollar caught my attention, so instead of proving my view of EURO , I switched my attention, and capital, to Aussie.

What can I say? Gav knows how to trade Aussie dollar! 😆 Just kidding. But I feel extremely comfortable, and confident trading Aussie dollar. :-), this is yet another 100 pips Aussie trade.

Here is the…..CHART! Yet, another snake oil style chart. I have no idea why John did not include me in his snake oil salesmen category. I have working so hard to produce this type of trade/charts… Can somebody talk to John about this 😆

[photopress:AUDUSD16April2008.jpg,full,1]

Another trade was a Short position of GBPUSD. My target was kinda far. I was looking at the break of 1.96 level. (Was I too ambitious? Uhm….let’s see) I bailed out the position on Wednesday right before London session began as the spike of GBP did not impress me. I decided to bag the small profit and RUN!! 😆

Here is the …… CHART!!

[photopress:GBPUSD16April2008.jpg,full,1]

By the way, I am applying Variable Fractional Percent method for my money management recently. I will try to write up something on this topic later.