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Gav's trading blog - Perseverance, Consistency, Confidence

Trading Journal

EURUSD…Not yet, but soon?

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Daily chart of EURO is a beauty. Consolidation, breakout, consolidation, breakout. I love this chart. Well, we are again in the consolidation phase, and at the new high area. I remain positive now, which means I am only looking at the Long side at the moment. It depends on what do you want from the market. Accumulate long position to anticipate the upside breakout? or hold your breath now and wait for the breakout.

Here is the….CHART!

[photopress:euro_daily.gif,full,1]

Here is the statistics

[photopress:EURUSD_trend.jpg,full,1]

About this tool

And here is the  FXE (CurrencyShares Euro)

[photopress:FXE.jpg,full,1]

Chart used Tradecision

OIL..is it over? Yet?

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Let’s have a quick look at USO ( United States oil Fund, ETF) and spot Oil price.  I am not sure if people start talking about the bull run is over. Well, not yet. Uhm…I am not convinced, yet.  This implies, the recent strength of Dollar might be short lived?  There is another theme calling commodity run is over. I am not surprised to see these two theories now. Pickin’ top and bottom is just part of human nature.

For a short term trader like me? I am waiting 🙂

Here is the ….CHART!

[photopress:USO.jpg,full,1]

This chart is brought to you by Tradecision

[photopress:spot_oil_daily.gif,full,1]

Is it time now?uhm…AUDUSD

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Ok, first rule, I am only looking at the Long side of Aussie dollar (AUDUSD) and GOLD. Are we going to have rate cut in the coming month? Nah, I don’t think so. In fact, I have no idea what on earth is the new government doing now. Whatever…

Anyway, for trading purposes, I feel 0.96-ish is a pretty nice Long entry zone. I am waiting for entry setup to form.

Here is the …. CHART!

[photopress:audusddaily.gif,full,1]

Here’s the statistics

[photopress:audusddaily_trend_1.jpg,full,1]

About this tool

[photopress:golddaily_1.gif,full,1]

Here’s the statics

[photopress:Golddaily_trend_1.jpg,full,1]

About this tool

Hello! Asia…no..Ouch! Asia….

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This is not a Forex trading post. While doing my regular Sunday morning reading and chart browsing, I see this interesting picture. I happened to open up charts of Asian markets related ETFs, what a unity. Nothing new, just to note down, probably, the first bear market in my life. Yup, I am just turning 30 next week.

Here is da ….. CHART! Hang on, do you see something? Are we all hanging around support area now? uhm…

[photopress:ETFs20July2008.jpg,full,1]

Chart is brought to you by Tradecision.

You will start reading some ETF posts from me. Of course, majority will be on currency ETFs. Anyway, I am still the currency-man wanna be. 😆

One Aussie trade

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Well, finally, I have a beautiful chart to show off again. I have been trading for the past few weeks, but , there was no good trade to show. If you have been following this blog, you know I was looking for Long opportunity after Aussie hit new 52-week high.

Here is AUDUSD long trade. The trade was established yesterday, and profit target of 0.98 is achieved around today’s London session opening. A +2.4R trade, or 110 pips profit.

Anyway, here is the….CHART!

[photopress:LongAussie15July2008.JPG,full,1]

By Trader Gav

Is it time now?uhm…loonie

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This is a longer timeframe analysis. USDCAD has been consolidating for a period of time. And now looks interesting. I am putting my bet on short side. I mean, I am positive of CAD. Other considerations include the weak, messy, troubled USD and the the relationship of CAD and oil price…uhm…. Let’s see how it works out.

Here is the…..CHART!

[photopress:usdcaddaily.gif,full,1]

Some statistics here

About this tool

By Trader Gav