This is the chart that I am looking at. We had a slow, choppy start of the week. Looking at the USDCAD, are we expecting something big soon?
Here is the CHART!
Trading Journal
Chart of the moment: $NZDUSD 06 August 2010
I am not trading today, but still watching the markets. During my morning chart reading, NZDUSD again pops up. I shorted it yesterday, and position was closed. Kiwi dollar was back to 73c during Thursday U.S session. And, again, 73 cents blocked it.
Here is the CHART. Do you see anything interesting?
Enjoy! I am going for my cup of Espresso now 🙂
Trade of the day 20 Jul 2010: $GBPUSD short
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 1.51. Well, let’s see.
Here is the CHART!
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, while the last one was taken out by the abusive price action around New York noon. The details of how I managed the position, you might want read my previous post on trade management.
Here is the… CHART!
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 off to resume. I have two profit targets completed, and one still trailing. Looking at 1.05 as target now.
Here is the CHART
