TraderGav.com

Gav's trading blog - Perseverance, Consistency, Confidence

FX

$AUDUSD $USDJPY 26 March 2012

by 1 Comment

[tab: Asia Morning]

Good morning (as if there is anybody reading this post, at all!) from Australia.  As I tweeted, Monday morning is normally tricky to trade, I am spending more time reading than trading until Tokyo, Singapore markets open. Here is the structures of $AUDUSD and $USDJPY that I am watching. These charts are just the frame work of my intraday short term trading.

$USDJPY 26 March 2012 Asia Morning
$AUDUSD 26 March 2012

[tab: End of Tokyo session]

$AUDUSD reacted well at the resistance level and retraced around 50% of last up swing.

$AUDUSD 26 March2012 Tokyo session closed

$USDJPY retraced from hourly resistance and immediately bounce at the nearest visible support.  It is now looking like it might give 83.17ish level a test.

$USDJPY 26 March 2012 Tokyo session closed

$AUDUSD 22 March 2012

by

[tab: Asian Morning]

$AUDUSD tested the back of the pivot downtrend line twice yesterday. I am still looking at near 1.04 as next potential target.

$AUDUSD 22 March 2012

[tab: London Morning]

$AUDUSD touched resistance level at the same time , the disappointing China PMI figure triggered heavy sell off of the pair. In the hindsight, the chart movement was just classical, text book.  Also, if you look at Daily, 1.0350ish zone will provide some sorts of support (however, this is not a BUY to me)

Here is the … CHART!

$AUDUSD H1 22 March 2012 London morning update

$GBPUSD 07 February 2012

by Leave a Comment

[tab:Setup]

I was scalping some shorts at the end of U.S session, and decided to scrapped the trade with over 10 pips profit.  It looks to me, cable might be preparing for another up leg. Well, it might be too early to make the call, I would prefer to stay away from any shorting idea for now.

Let’s see how it goes.

Here is the …… CHART!!!

$GBPUSD 07 Feb 2012

[tab:Update 08 Feb 2012]

Cable broke out from the flag yesterday, and now I am looking at potential long opportunity at the pull back to the range of 1.5830/1.5860 with target around 1.6050.

Here is the… CHART!!

$GBPUSD 08 Feb 2012