TraderGav.com

Gav's trading blog - Perseverance, Consistency, Confidence

AUDJPY

$USDCAD,I am not so sure about..

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I have been trading the whole week, and still holding half position of EURGBP long. I just did not find time to write anything here. There are just too many things to think and handle outside my trading life recently. A little bit stress is building up… Anyway, that’s not the point of this post.

AUDUSD and AUDJPY start to confuse me now. I can’t see the clear picture, so I will leave them alone for now. Some of you might argue USDCAD is back to buy zone again. Well, this time, I am not so sure. I am not sure if we should jump in now. It does not convince me so much. Instead, we might see a run to mid 1.02-ish. Well, who knows? Let’s see.

Here is the CHART!!!

Chart of the moment: $AUDJPY 09-Feb-2010

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I am still trading and watching the markets. However, I didn’t find anything interesting to post on the blog, that explains why the lack of post last week. However, you can always follow my tweets.

Anyway, I tweeted yesterday about going Long with AUDUSD and AUDJPY. I am still holding the positions. Here is the chart of AUDJPY.  Do you see something interesting here? As usual, I love to go in to test the support zone. Let’s see.

What do you think?

One RDT trade

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As mentioned in  my weekly wrap up, I shorted AUDJPY. RDT (read: Really Dumb Trend) system did well today. Nothing much to say, just profit target was achieved. Trade closed with +194 pips. What a week.

Here is the chart to inspire/show off/whatever…

audjpy_rdt_trade

I am done for the week. Time to catch Australian Open. I am all in for Roger Federer. 😆

Tuesday

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Big day in Australia. 100 basis points cut brought us to 4.25% now. But at the same time RBA hinted that’s the end of easing (uhm…do you…trust..R..B..A…eh?) . Anyway,  I guess, it managed to killed some shorts. 😆

I did two trades today. Shorted the AUDJPY in the begining of Asian session, bagged some profits. Shorted EURUSD again at the open of London session, again, bagged some profit. London session doesn’t continue the sell off of Euro.

I was working at home today. I let CNBC/Bloomberg play the whole day on my TV. Panic and fear. And they just kept repeating “U.S is confirmed in recession since last December”. WTH? who cares about this confirmation?

Anyway, that’s all for today.