I was soooo focused on Aussie dollar last week, and I will still do this week. However, during my Sunday night chart scanning, EUR/USD jumps out. I like what it is presenting to me on the chart. I see it as a accumulating process. The strength is building up, and we are firing above 1.5 […]
Forex Blogroll
Uhm…I am all Aussie…now
I closed my AUDUSD position on Wednesday. On Thursday, I again entered two long positions. I am stubborn, maybe. :o: Anyway, we have made a new 4-week high. And I am still positive. Nothing much to talk about. What do you wanna know from me? I am Long Aussie. 🙂 Here is the …….CHART! [photopress:aud23feb2008daily.gif,full,1] […]
Is it time now? …AUD/USD
Let’s have a look at AUD/USD again. Looking at the daily chart, are we looking forward a explosive move soon? or it is time to go back to the trading range again? Interesting. Last week, Aussie just failed to make any progress through the resistance area. :o: Here is the ……..CHART! [photopress:aud18feb2008daily_1.gif,full,1] Looking into 4-hour […]
Examining some figures
I am trying a new idea of examining strength (or maybe sentiment) of some currencies. Taking the average of the trend scores (as of today) that I am using. No rocket science, just some statistics to be considered before making trade. A scale from -100 (strong downtrend) to +100 (strong up trend) YEN GBP/JPY -55 […]
Position trade of the week : Long AUDUSD
None of my short setup of AUDJPY was formed, and I don’t feel like going against Yen at the moment, so I do not try to go long as well. Instead I shift my attention to AUDUSD. Nice. I saw a long entry opportunity around 0.9040-ish level. This is a position trade, with good risk/reward […]
