So, the House decided not to save the rich-men World. Dow index collapsed 777 points. Gold rallies now. But, where is Aussie dollar going? Decoupling from Gold movement? Australia is one of the largest gold exporters. Of course, this doesn’t guarantee the prosperity of australian dollar. But, what exactly is the problem of Australia economy? [...]
Archive for September, 2008
Weekend rambling
September 28th, 2008
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I don’t have any chart to post now. Nothing interesting. For the past weeks, or months, I have been watching NQ and YM futures with some tradings in paper mode whenever I am available or awake. It is really tricky to start your trading day around 1130pm-ish. And the cold weather in Melbourne (it is [...]
Real advice for Long TERM investment
September 23rd, 2008
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I was reading this on news.com.au. This article…is kinda..dodgy to me. Should I sell or hold? Generally the experts recommend that it is better to hold and sit it out. If you sell your shares or investment in most cases you will be triggering a real loss. Remember, at the moment it is only a [...]
Another look at Aussie dollar…uhm..is it time now?
September 14th, 2008
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It has been a painful journey for Aussie bulls. Weaker commodities, strong dollar ..whatever, you’ve read it on the papers. I have been following it all this time. Here are some observations. Is Dollar hitting resistance now? Are Aussie and Gold reaching support now? uhm… What do ya think? Here are the ….CHARTS! Dollar Index [...]
How the rich differ from the rest
September 5th, 2008
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Article from News.com.au. Nothing really new, but it might a good reminder. A common definition (of Rich) is a person with at least $US1 million ($1.2 million) in assets not including the family home. “The rich are normal human beings, but with bigger wallets, and invest in much the same sectors and asset classes – [...]
Simple setup , but ‘not-so-good’ trades
September 4th, 2008
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I made 2 day trades yesterday. Long EURUSD, Short USDCHF. Simple setup. But, instead of waiting for the planned target, I chickened out on exit. Well… Beautiful charts. Side note. If you are not reading this post on www.tradergav.com, please leave immediately. My posts are stolen by some sissy birds recently. They created a new [...]
New hardware setup
September 2nd, 2008
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I have not been upgrading my trading hardware for a long time. I used to trade with my laptop and a old 15″ LCD monitor for the past few years. OK, I am a stingy asian man. . Anyway, I just got my Samsung SyncMaster 2253LW 22″ LCD monitor from ebay yesterday. Cool stuff. Now [...]
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