This is another trading idea comes out from my weekend chart scan. NZDUSD is another short pattern, that is targeting 0.560-ish, 0.5570-ish, and 0.5520-ish as 3 targets. These offer 1:2, 1:3, 1:4 R/R. We have official cash rate and RBNZ rate statement released this coming Thursday, so watch out. I can be very wrong again, […]
FX
One USDCHF trade 23-April-2009
Short position of USDCHF was established at the same time as my EURUSD trade mentioned in the last post. Technically, I was bearish about Dollar. Another classical text-book pattern. Profit target was hit on Friday with +2R , a perfect way to end the week. It has been a decent week with +7R. I am […]
EURUSD trade closed 24-April-2009
Trading idea of Long EURUSD pays off today. Profit target was achieved and position was closed with +3R, or +200 pips (does pips count make me sound awesome? whatever…). I guess, patience played the major part of this position. Well, I should admit that, there were times that I really wanted to exit earlier. Fortunately, […]
One USDJPY trade 22-April-2009
At the end of Tuesday U.S session, I saw a nice short setup in USDJPY. Classical text-book pattern to me, and offered me 1:2 R/R. Short position was established, profit target was achieved at the mid day of Asian session. Not too bad with +2R gain. Here is the…CHART! Well, forget about the MACD, […]
Trading idea: EURUSD Long 21-April-2009
Firstly, the NZDUSD pattern failed last night, so, no trade was taken. Dollar had a good day, and it actually brought EURUSD back to daily support zone. I see opportunities to get in some Long positions. Orders are pending now, waiting for entry setup. Let’s see how it goes. 1:3 R/R setup. Anyway, here is […]
AUDUSD trade 15-April-2009
This is to show you the chart of AUDUSD trade which I mentioned in Twitter yesterday. I would not disagree if you are considering taking some profit off the table. I see 0.73 is a good spot to unload some. Here is the….CHART!
