Well, finally, I have a beautiful chart to show off again. I have been trading for the past few weeks, but , there was no good trade to show. If you have been following this blog, you know I was looking for Long opportunity after Aussie hit new 52-week high.

Here is AUDUSD long trade. The trade was established yesterday, and profit target of 0.98 is achieved around today’s London session opening. A +2.4R trade, or 110 pips profit.

Anyway, here is the….CHART!

[photopress:LongAussie15July2008.JPG,full,1]

By Trader Gav

AUDUSD, well well well. We have made a new 52-week high last week, with the help of surprised figure of unemployment rate and troubled USD.  I did not get into long position last week ( stupid huh? well).  It was just because risk reward ratio did not impress me. Whatever…

It looks interesting to me now. I am waiting for low risk entry to establish a some long positions. Next week we have RBA meeting minute. Well, what’s new in the minute?

Here is the….CHART!

[photopress:audusd4hr.gif,full,1]

Here is some statistics.

About this tool

By Trader Gav

Immediately after getting back from vacation, I am tied up with my day job again. What the….. :-|, Anyway, I have been spending sometime studying the market. Heck, to be frank, I found it pretty tricky to trade the currency markets recently, well, at least, to my style of trading. A lot of time, I am sitting aside watching the market, and sometimes, just missing the entry. Whatever.. Trading result is pretty flat, uneventful.

While waiting for the opportunity to appear, I continue developing my trading model, well, I might reveal one or two lines here when I am comfortable with it. Anyway, in short, nothing interesting appear in my Sunday chart scanning. Well, if you really want to hear something, ok , look at Long side of AUDUSD..

[photopress:AUDUSD30June2008.jpg,full,1]

About this tool

Action : Sit back, enjoy my wine.