Archive for July, 2008

EURUSD…Not yet, but soon?

Monday, July 28th, 2008

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 ...

OIL..is it over? Yet?

Sunday, July 27th, 2008

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?  ...

Is it time now?uhm…AUDUSD

Thursday, July 24th, 2008

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, ...

Trading links stocktake

Thursday, July 24th, 2008

I was doing some housekeeping on my bookmarks, here are some trading links I thought it might be useful to my readers. Trading Plan: Trading Plan Template Questions to ask when writing a trading plan Some interesting debates about having a trading plan, or not 10 ways to deconstruct your trading and build a better ...

Hello! Asia…no..Ouch! Asia….

Sunday, July 20th, 2008

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. ...

One Aussie trade

Tuesday, July 15th, 2008

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 ...

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