TraderGav.com

Gav's trading blog - Perseverance, Consistency, Confidence

Trading Journal

Busy week

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The idea box generated quite a number of trades after the first disastrous day. 😆

All trades were focusing on Long EURGBP, and short USDJPY. Friends on my Facebook would have known I was trading these two pairs frequently this week.  The idea box is built with a stupid trend following method couple with fundamental analysis . Whatever you wanna call. I don’t care. It all about speculation.

Here is to show you one of the EURGBP trade I’d made.

eurgbp

Anyway, Christmas is around the corner. People are again spending like hell. Yup, they might know how shitty economy condition Aussie is facing soon. There are just too many reasons to spend. And THE Government is asking us to spend.

I am still trading next week. And after that I will be taking time off for Christmas/ New  Year break.  And taking the time to review my trading this year. Gut feeling tells me it is not going to be as impressive as I had expected at the beginning of the year. It took me a little too long to adjust my trading style to fit into the changing market condition. Let’s see.

Experimental Idea box : Trades for Monday

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I am running an experiment. Here are the trading ideas that generated from my idea box. I have no idea how will it work out. Let’s see.

Here are the currency pairs to watch for Monday 08-December-2008

GBPUSD : SHORT

USDJPY: SHORT

EURGBP: LONG

GBPJPY: SHORT

Positions to be established at the open of Asian session.

*Experimental ideas, don’t risk your life following them 😆

Tuesday

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Big day in Australia. 100 basis points cut brought us to 4.25% now. But at the same time RBA hinted that’s the end of easing (uhm…do you…trust..R..B..A…eh?) . Anyway,  I guess, it managed to killed some shorts. 😆

I did two trades today. Shorted the AUDJPY in the begining of Asian session, bagged some profits. Shorted EURUSD again at the open of London session, again, bagged some profit. London session doesn’t continue the sell off of Euro.

I was working at home today. I let CNBC/Bloomberg play the whole day on my TV. Panic and fear. And they just kept repeating “U.S is confirmed in recession since last December”. WTH? who cares about this confirmation?

Anyway, that’s all for today.

Tale of two trades — USDJPY, EURUSD

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In order to salvage my getting lower blog readerships (in fact, it is consistently low readership 😆 ) , I am going to post two trades that I have made today , 01-Dec-2008, London session.  it is show off time again! 🙂

Scalping? Yeah, I do scalp.  But, I have a box of trading styles, so don’t waste your time guessing. 😆

I told you I have a negative view of Dollar. This is particular true when watching USDJPY. I watched the opening hour of London session, let the price flowed, and wait for the currency pair to form my favorite setup.  BANG! Shot the Dollar, Oops, I mean short. Aggressive price movement, with aggressive trailing stop.

Here is the …. CHART! small +40 pips.

OK, now EURUSD. I told you ..blah blah blah…but, Euro looked weak.. So, I shorted EURUSD.  Dollar was weak. So the trade closed with small profit. Thanks to the partial profit taking orders.

Here is the… CHART!

That’s all. Two trades for the day. I am off for shower and dinner. Ciao!

A Dollar negative week ahead?

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Chart brought to you by Market Club.

We have a series of economic reports lining up next week. And majority of them are dollar negative. This should be an interesting week, and it might be a week with trading opportunities.

Looking at the U.S $ Index, well, one might say we are waiting for a upside breakout, but, there seems to be a negative divergence with techinical indicator.

My opinion? I am negative about Dollar.