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.
i was thinking more along the lines of putting u in the GURU category!
John: uhm… it sounds better to me now…LOL 😆
i was thinking more along the lines of putting u in the GURU category!
John: uhm… it sounds better to me now…LOL 😆
read your post a couple of weeks ago about the downtrend line in cable (daily chart) – coming within a couple of pips before being subjected to massive selling. Anyway…I trade the Aussie mainly and never would have looked at cable until I read your post. Since reading that post, I placed a buy on stop order just above that line and kept lowering it day by day. Sure enough, Thursday it broke it and shot up.
Just wanna say thanks for pointing it out – I never would have bothered to look at cable….
read your post a couple of weeks ago about the downtrend line in cable (daily chart) – coming within a couple of pips before being subjected to massive selling. Anyway…I trade the Aussie mainly and never would have looked at cable until I read your post. Since reading that post, I placed a buy on stop order just above that line and kept lowering it day by day. Sure enough, Thursday it broke it and shot up.
Just wanna say thanks for pointing it out – I never would have bothered to look at cable….