This is a pretty straightforward trade. Looking at hourly chart, cable was coming to a resistance level and price rejections was observed. I went short around 1.5283 (though I wanted to get 1.53 as entry..but..anyway..). Two profit targets were achieved with last portion of position was closed at 1.517 level. Potentially, cable might head to […]
trade of the day
Trade of the day 12 July 2010: $EURGBP Short
My internet connection has been extremely unstable and crappy today. I am in fact taking additional risk by continuing trading 🙂 . Anyway, this is a pretty straightforward technical trade. EURGBP was hanging around Friday’s high, with failure to make it above 84 level. Short position was entered at 84, two profit targets were achieved, […]
Trade of the day 09 July 2010: $EURUSD Short
I shorted EURUSD at 1.27. If you have a look at hourly or 4-hour chart, a bearish rising wedge was formed. After observing EURUSD struggled at 1.27, I pulled the trigger. And, what a day. 3 profit targets were hit. Here is the CHART! Have a great weekend!
Trade of the day 07 July 2010: $USDCAD short
I was going short of USDCAD and long AUDUSD, however, Aussie order was not filled, missed the move. Dang. Anyway, I thought USDCAD trade was beautiful, and is worth sharing here. I went short after price reached the resistance level. In other words, I was waiting for the pull back to complete and the sell […]
Trade of the day 30 June 2010: $AUDUSD Long
Hello from Jakarta, Indonesia. I will be trading from here for the next couple of weeks. All right, back to business. I was looking at AUDUSD to rebound from 85 level. It did, however, it did not meet my final profit target, and, hell, I made an unusual panic exit today. Not impressed by myself. […]
Trade of the day 25 June 2010: $GBPUSD short
I have made some mistakes this week, well, stupid mistakes. Anyway, I think one of the essential trading skills is to learn how to pull yourself back after making mistakes, and bad trades. Anyway, enough crying like a kid, I am still trading throughout the week. I thought the $GBPUSD short is worth sharing […]
