We had an exciting week for EURO. Now, it looks kinda bullish, and poised to break historical high again. OK, no sure thing, but chances are there. There are a lot of reports/commentary from G7 meeting. It depends on how do you read it. Again, I am not a financial analyst, so nothing much I can comment about. Chart wise, I am still in bullish position. I am looking for long opportunity at the moment.

Here is the…..CHART!

[photopress:eurusd13april2008.gif,full,1]

And here is the …..Trend Score! Obviously, we are still in strong uptrend.

[photopress:eurusd13april2008_trend.jpg,full,1]

About the tool

I decided to have a look at EUR/GBP as my friend, Jay , the lonely trader is looking at short side.  I have a different opinion this time (Anyway, we might be looking at different time frame). In fact, I am looking at potential long trade. I feel there might be another run of bull. And generally, I still don’t see a bullish GBP coming. Let’s see how it works out. 🙂

Here is the ….. CHART!

[photopress:eurgbp28march2008.gif,full,1]

Here is the….Trend Score! We are looking at a strong uptrend at the moment.

[photopress:eurgbp28march2008_trend.jpg,full,1]

About this tool

You can blame the volatility since last week. Whatever you wanna blame. Go ahead. Price action of Aussie dollar (AUDUSD) is ugly. It is not ‘healthy’ in my definition. Anyway, I have no position now. Yup, I hesitate to go short as well. Everything is just…messy. There might still be a little bit more downside , but, it is limited. We might be trapped into trading range again. Let’s see.

I am not a big fan of Fibo chicks , I am drawing on my chart just to attract more readers . LOL. Anyway, it looks like we are approaching so-called 50% retracement. I don’t care about this level , anyway. 🙂

Here is the…Trend Chart!

About this tool

Here is the….CHART!

[photopress:audusd23march2008.gif,full,1]

Ouch! Look at Aussie dollar we are back to 0.92 region again. It only takes a day of action to give up our early gain.  Not a pretty chart, but looks interesting. 😆  I guess I need to wait for a little longer to see the parity ‘dream’ comes true. 🙂

Here is the….CHART! Cool , isn’t it?

[photopress:aud17march2008.gif,full,1]

No, I am not shorting it, yet.

Since I like the chart, I decided to post my recent Aussie trade. I entered long position 2 days ago. And moved stop to break even , taken partial profit yesterday, and exit the trade today. blah blah blah….same old stories. I am still watching AUD/USD. Waiting for the next opportunity to appear. Of course, not everything was winner, I got an late entry of AUDJPY yesterday, and was punished. :o:

I am preparing my new day trading strategy to add into my trading toolbox, so far so good, let’s see how it goes.

Here is the ….. CHART!

[photopress:AUDUSD20Feb2008hourly.jpg,full,1]

During my routine Sunday chart scanning , AUD/JPY jumps out to me. I see something interesting. It looks like a bearish flag, then it broke down, pulled back, and this might be a downtrend continuation. I am watching closely, and play at the short side with caution. But,be prepared, it might signal a new bull run of the pair.

Here is the ……..CHART!

[photopress:audjpy08feb2008_daily.gif,full,1]

Here is the trend score, a weak downtrend is indicated, which shows a potential.

negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.

About this tool