Long story short. I see EURUSD reaches resistance area, and forms a nice short setup for me. So, I am going SHORT.
Here is the …. CHART!
Trading Journal
Update 30-June-2009
I have been really busy and exhausted outside my trading life. There are ideas coming into my mind but I just do not have enough time and energy to write it down/blog it down. After USDCAD trade (which was stopped at breakeven), no new position was added. Market is playing the game of patience with me right now. Meanwhile, I am squeezing out some time to work on a couple of strategies, which was in researching phase. The progress is kinda slow.
In addition, I was recently invited to try out premium service of Tradersinterview.com. It is awesome. There are quite a number of interviews in premium section that is worth my time and money. If you had listened to the free interview from them, I am pretty sure you will be impressed by the premium section. Some of the interviews are not only inspiring, but full of new ideas. Check it out. I might write a full review later (depends on my availability…)
That’s all for this short update. Have a great trading week.
I have been really busy and exhausted outside my trading life. There are ideas coming into my mind but I just do not have enough time and energy to write it down/blog it down. After USDCAD trade (which was stopped at breakeven), no new position was added. Market is playing the game of patience with me right now. Meanwhile, I am squeezing out some time to work on a couple of strategies, which was in researching phase. The progress is kinda slow.
In addition, I was recently invited to try out premium service of Tradersinterview.com. It is awesome. There are quite a number of interviews in premium section that is worth my time and money. If you had listened to the free interview from them, I am pretty sure you will be impressed by the premium section. Some of the interviews are not only inspiring, but full of new ideas. Check it out. I might write a full review later (depends on my availability…)
That’s all for this short update. Have a great trading week.
Trading Idea: USDCAD short 23 June 2009
Firstly, thanks to all the comments in the last post. I’m glad to know the interview of an old fart Asian trader offered some help/entertainment to my 12 readers. 🙂
Anyway, back to business, USDCAD catches my attention. It has been moving upward for the past 2 weeks. However, it looks to have reached the point to resume its downtrend in daily chart. Let’s see. As usual, if you are interested in the listening to my rant and fatal market calls, follow me on Twitter.
Here is the…CHART!
My interview with TASC
Finally, after waited for weeks, I managed to grab a copy of Technical Analysis of Stocks and Commodities, June 2009 issue. Yes, it is a little difficult to get the latest U.S magazine in Melbourne, Australia. Well, that’s not the point of this post.
I was interviewed by Jayanthi from TASC. I shared about my experience, how did I start up, and some routine of my trading day. Here is the scanned version of my interview.
[gview file=”https://tradergav.com/wp-content/Photos/2009/06/TASC_Interview_TraderGav.pdf”]
Stronger dollar ahead?
Nothing shows up during my weekend chart screening. I decided to have a look at Dollar index(NYBOT:DX) to get a feel of over all trend direction. I am looking at the possible move into the zone of 82~83 before downtrend resumes. In other words, I might be looking at a stronger dollar for the coming week.
I am still with my previous call of weaker EURUSD. Short setup is still valid. Let’s see how it develops in the coming week.
Here is the CHART of Dollar index
More about CHART and Triangle signal.
As usual, if you are interested in listening to my rant, and (fatal ?) market calls, follow me on Twitter.
EURUSD provides short opportunity
I am very keen in watching the development of EURUSD. On daily chart, it sets up a SHORT to me, and looking at weekly chart, we are approaching resistance area. Well, to me, I am only looking at SHORT. In fact, I will establish a small swing trade position soon.
Here is the….. CHART!
