I have been looking at this chart since last Friday. Starting from 0.8540 will trigger my short. However, there’s also a possibility of running into 86 level where another bearish harmonic setup is formed. In short, currently, I am looking at the zone that contains confluence of bearish harmonic pattern, Fib levels and price resistance […]
Trading Journal
$AUDCAD 19 Jan 2011
Slow start for the week. I did not find too many interesting setups at the early of the week. Anyway, who is looking at $AUDCAD? I thought we have some interesting bearish harmonic setups here. I am looking at short opportunity here. It is not too difficult to see the confluence of fib levels, Channel […]
$NZDUSD 07 Jan 2011
So, this is the first post of the year. I am fortunate enough to have my weekly target hit during Tuesday and Wednesday session. And, we are expecting Non Farm Payroll at the end of the week, so I am not opening any new position for the rest of the week. Any of my 12 […]
Happy Holidays
I am still around, and still trading last week, just did not find time to post chart or tweet. Anyway, it is holiday season again, and I am closing most of my positions, and keep the last piece of AUDUSD short (at trailing stop stage now). Well, I am going to spend next week with […]
$AUDCAD 07 Dec 2010
I have been watching the chart of AUDCAD over the weekend, and I thought it provide some decent short opportunities. From price action perspective, it is trading around the defined downtrend line, and moving into the resistance area defined by previous swing points. On the other hand, we have a bearish harmonic formation at around […]
GOLD $GLD 02 Dec 2010
Here is the GOLD chart that I am looking at. I see confluence of resistance level, channel, Fib levels, and harmonic formation. I am keen to watch 1400 before deciding if to go short. [tab: Initial Setup] Here is the chart…… to confuse you. [tab: Update 05 December 2010] The initial bearish harmonic setup was […]
