None of my short setup of AUDJPY was formed, and I don’t feel like going against Yen at the moment, so I do not try to go long as well. Instead I shift my attention to AUDUSD. Nice. I saw a long entry opportunity around 0.9040-ish level. This is a position trade, with good risk/reward […]
Trading Journal
Is it time now? uhm….. AUD/JPY
During my routine Sunday chart scanning , AUD/JPY jumps out to me. I see something interesting. It looks like a bearish flag, then it broke down, pulled back, and this might be a downtrend continuation. I am watching closely, and play at the short side with caution. But,be prepared, it might signal a new bull […]
So which one do you call?
Let’s look at GOLD. I just love this chart. Clean and clear. We have a new higher low and the recent pull back ended earlier than I had expected. Anyway, strong uptrend is still intact. Here is the trend score : About this tool Here is the…..CHART! [photopress:gold09feb2008daily.gif,full,alignleft] While we prosper in GOLD, we have […]
Thursday’s currency trade
Overall, this is not a good trade. I got a nice short entry of Aussie dollar. The interest rate rise did not help to push aud/usd back to the recent high, and indeed, it fell back to the trading range. I wanted to short, and today , I saw an nice entry. But, I don’t […]
oi, Aussie, I am still waiting….
From last Friday’s action, we might find some excitements about commodities currencies again. Uhm…. Maybe. I am not so sure if Aussie dollar (AUD/USD) is breaking out from the range. It is just not convincing enough at the moment. For trading purpose, I will be a little bit more patient now. In addition, we have […]
Hesitate
We have some good interactions in the comment section of my previous post “A note to my friends‘. Thanks guys. While waiting for the dust to be settled, I still carry on my daily chart scanning process. Generally, Dollar is again showing weakness. But, I have doubt. The much expected rate cut is already priced […]
