TraderGav.com

Gav's trading blog - Perseverance, Consistency, Confidence

ETF

EURUSD…Not yet, but soon?

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Daily chart of EURO is a beauty. Consolidation, breakout, consolidation, breakout. I love this chart. Well, we are again in the consolidation phase, and at the new high area. I remain positive now, which means I am only looking at the Long side at the moment. It depends on what do you want from the market. Accumulate long position to anticipate the upside breakout? or hold your breath now and wait for the breakout.

Here is the….CHART!

[photopress:euro_daily.gif,full,1]

Here is the statistics

[photopress:EURUSD_trend.jpg,full,1]

About this tool

And here is the  FXE (CurrencyShares Euro)

[photopress:FXE.jpg,full,1]

Chart used Tradecision

OIL..is it over? Yet?

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Let’s have a quick look at USO ( United States oil Fund, ETF) and spot Oil price.  I am not sure if people start talking about the bull run is over. Well, not yet. Uhm…I am not convinced, yet.  This implies, the recent strength of Dollar might be short lived?  There is another theme calling commodity run is over. I am not surprised to see these two theories now. Pickin’ top and bottom is just part of human nature.

For a short term trader like me? I am waiting 🙂

Here is the ….CHART!

[photopress:USO.jpg,full,1]

This chart is brought to you by Tradecision

[photopress:spot_oil_daily.gif,full,1]

Hello! Asia…no..Ouch! Asia….

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This is not a Forex trading post. While doing my regular Sunday morning reading and chart browsing, I see this interesting picture. I happened to open up charts of Asian markets related ETFs, what a unity. Nothing new, just to note down, probably, the first bear market in my life. Yup, I am just turning 30 next week.

Here is da ….. CHART! Hang on, do you see something? Are we all hanging around support area now? uhm…

[photopress:ETFs20July2008.jpg,full,1]

Chart is brought to you by Tradecision.

You will start reading some ETF posts from me. Of course, majority will be on currency ETFs. Anyway, I am still the currency-man wanna be. 😆