Here is one nice chart to show. Two day trades, 1 stopped, another with couple of Rs. Small positions, still playing around with new setups. [photopress:_GBPJPY__27_8_2008_1.jpg,full,1]
FX
Quotes from Ken Jakubzak’s interview
I have been busy with my day job and struggling to have sometime in finalizing my trading system. That explains why posting has been lagging. Anyway, I hope I can get back on track soon. In the August version of Currency Trader magazine, Ken Jakubzak was interviewed. There are a couple of points which I […]
Leave Aussie alone…
Oh crap. That’s the term I used the most last week. :lol:. Man, Aussie dollar was breaking down again and again. It broke my 0.93 support, and now trading below 0.90. Holy smoke… 😆 I did not make money from shorting Aussie dollar last week. The excuse I am going to use is…I was darn […]
Worries in Aussie?
Is Australia heading to recession? Some said next 3 months are crucial… Think of it like this: we are in a car that has been braking sharply as a result of higher interest rates, higher petrol prices, diminishing household wealth and fear of what might lie ahead. Now the car has slowed sharply, the question […]
EURUSD…Not yet, but soon?
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 […]
OIL..is it over? Yet?
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 […]
