The destructive movement during Asian session prompted me to exit my long positions. I closed all Aussie positions with small profits as mentioned in my twitter feed. I am still positive about Aussie dollar pair though. I do not want to establish any short term position now, it is just gamble. I’d prefer to let […]

It has been a nice week for Aussie dollar pair, and it closed the week well above 50-day moving average. Yes, I am still positive about Aussie, and still holding long position. In fact, I have increased my holding last week while cutting down losing position of USD/JPY. [photopress:audusd_daily15sep2007.gif,full,alignleft] Another chart that caught my interest […]

I hope everyone had a great week. It has been an interesting trading week for me. I traded actively throughout the week, in both Australian stocks and Forex. After spending some time and $$ for data and broker selection and funding, I am ready to start the real work. It is interesting to figure out […]

I am still holding my long positions of Aussie pairs. Looking at the chart , we are approaching resistance area which is the combination of previous high and 50-day moving average. Aussie dollar managed to close above 200-day moving average most of the week. Well, I am still stubborn. Long Aussie at the moment.  Have […]

I would say that these trades are discretionary. Maybe you can say I am bottom fishing, but I have no idea about where is the bottom. I am just being bullish about Aussie dollar at the moment. I am currently long AUDUSD, USDSGD, USDJPY, AUDJPY. I opened these positions since starting of Asian session yesterday. […]

SINGAPORE (Thomson Financial) – The Monetary Authority of Singapore (MAS) said domestic inflationary pressures remain well-contained and do not require a change in its monetary policy. ‘Abstracting from the one-off effects of the goods and services tax (GST) hike (from 5 percent to 7 percent), underlying inflationary pressures remain generally well-contained for the current advanced […]