I am not taking this trade (EURJPY) due to bank holidays. UK and U.S banks observe Spring Bank Holiday and Memorial Day. I am not interested in trading during holiday session. Anyway, the chart sets up nicely. It provides a nice short setup for short term trade, however, risk is relatively higher trading during the [...]
I am obviously at the wrong side of market this week. So, before any serious damage , I decided to stop my car for a while, and enjoy watching.
From the desk of Tradergav.com
We saw a pretty good run of British Pounds crosses recently. However, good things seem to come to an end. I saw bearishness across GBP crosses. Looking at the bigger time frame of GBPUSD (i.e daily and weekly), now might be the time for down trend to resume. For short term trading (1 to 2 [...]
It is Friday!
I managed to make some trades this week. CHFJPY, NZDUSD shorts are the winners of the week while I missed out some short term trades in AuDUSD, AUDJPY, NZDJPY. Having in the slightly ‘difficult’ situation recently, unpleasant day job, family issues, stress were building up faster than I imagined,this situation put me in [...]
Or picture of AUDUSD before $60 billion budget deficit?
Well, it is a shouting SHORT….. Keep this chart as record. Not sure about the effect of budget 2009 to the currency. I am not trading the pair for now, but watching closely.
From the desk of Tradergav.com
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