TraderGav.com

Gav's trading blog - Perseverance, Consistency, Confidence

Trading Journal

Hello! Asia…no..Ouch! Asia….

by Leave a Comment

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

by Leave a Comment

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

by Leave a Comment

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

The 52-week high Aussie

by Leave a Comment

AUDUSD, well well well. We have made a new 52-week high last week, with the help of surprised figure of unemployment rate and troubled USD.  I did not get into long position last week ( stupid huh? well).  It was just because risk reward ratio did not impress me. Whatever…

It looks interesting to me now. I am waiting for low risk entry to establish a some long positions. Next week we have RBA meeting minute. Well, what’s new in the minute?

Here is the….CHART!

[photopress:audusd4hr.gif,full,1]

Here is some statistics.

About this tool

By Trader Gav

Is it time now?…USDJPY

by Leave a Comment

Firstly, I don’t trade this pair. I have some negative biased views for both Dollar as well as Yen. I use this pair for analysis purposes. Alright, enough of nagging. I see weakness in Yen (that’s one of the reasons I am long AUDJPY now).

In the , what I call, a ‘short sighted’ view, USDJPY is trying to run up the 111-ish level. Let’s see how it works out.

Here is the….CHART!

[photopress:usdjpy06jul2008.gif,full,1]

And here are some statistics. ‘Short sighted’ view, we are in Uptrend. 🙂

About this tool

By Trader Gav