Monday, April 27, 2009

Rode the EU down



Shorted this BEAR.. WOOO HOOO
Good day~

Saturday, April 25, 2009

Euro End of April



Next week will be tricky, Euro can go either way.

Friday, April 24, 2009

24 April 09



Euro has been moving up steadily ever since it broke the congestion area.

Wednesday, April 22, 2009

23 April 09



Euro has broken the congestion zone, staying above 1.2994 now. I reckon it will test the 38% retracement at 1.3078 and also the previous swing low area at 1.3088. Period.

Euro is Ranging



Euro is ranging between 1.3000 and 1.2886.

Monday, April 20, 2009

Thursday, April 16, 2009

Dealbook 360 by GFT Forex

I have been trying out the platform for some time now. But i m still not used to it.

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Wednesday, April 15, 2009

16 April 09

Happy Birthday to me .. :)

16 April 09

Tuesday, April 14, 2009

Euro Outlook

Post-easter uptrend continues (assuming this PA tonight is a retrace against the trend) then I'm looking for longs building a position towards 3500 and 3600

There is talk of 'huge' ascending triangle on USD index getting ready to blow

Fits in nicely with the 10-day wide DB on EURUSD at 3100

So right now we are retracing back from the first test of 3400

This is wave c of an a-b-c correction: when wave c is complete then wave 3 begins: wave 3 is usually 1.6 X wave 1: which takes price close to 3600: so I am looking for something like 3250 -> 3600: we had a bigger range than that last week so it's not hard to do

What about the move up from 3090 to 3390 (300 pips) that is what I call wave 1

62% ret of wave1 = 3204 ; so my ideal scenario this week is 3200 -> 3600.

Monday, April 13, 2009

View



An early morning view of my room~

Nintendo DS White




I can't wait to lay my hands on the Nintendo DS my friend bought from Korea.

14 April 09



Price may test the broken lower trendline. Euro has already broken the 50% Fibo and swing high at 1.3335.

13 April 09



After Easter Holiday, European banks were closed today. But the US session provided some action.
Long after price bounce of 1.3226, price is at 1.3300 resistance now. If price breaks 1.3336, Euro's outlook will be bullish.

Sunday, April 12, 2009

Crazy movement

We have some boring and crazy ass movement on this Monday after Easter. The banks in Europe are closed hence the thin trading and some volatile movement.

13 April 09



If bears break the Double Bottom, the 1st price target would be 1.2843, next target would be 1.2720.

13 April 09




EUR/USD is standing at support 1.3100. If it breaks the double bottom, we may see the low of October 2008 at 1.2312. If it bounces up from here, it needs to break resistance at the right shoulder at 1.3336 - 50% Fibo of the swing low from 1.3582 to 1.3089.

Tuesday, April 7, 2009

My New Monitor



Just got my new 24inch LCD monitor from Dell for my trading. : )

8 April 09



The current Euro price has reach the initial launch pad area of the upmove of 418pips. This area is the Congestion Point 1.3175 which is full of support. Break of this area will see further downside in Euro.

Pound vs Yen Naked Style



Shorted GBP/JPY yesterday and today, both TP with a decent amount of pips.
Traded this pair Naked, no indicators at all, no moving averages, rsi etc. Just use Support Resistance lines, Trendlines and Round Numbers to trade.
GJ will be traded in my secondary account. Primary account will still be used to trade Euro.

Double Top Projection

Kathy Lien - Kuala Lumpur 2009

Kathy Lien from GFT Forex
( http://www.kathylien.com/site/about-me ) is coming to town on the 23rd April. I think she is an Ipoh lass.

Sunday, April 5, 2009

6 April 09



Long GBP/JPY if it bounce of 148.60.

Thursday, April 2, 2009

3 April 09 - Fake Breakout



Fake breakout in 15min EU. Upper TL stil holds.

3 April 09 - Trendlines for EU, GU and GJ

3 April 09



VFE PA pattern at signal candles.

2 April 09 Cup and Handle in Euro Daily Chart



There is a cup and handle formation in daily chart of EUR/USD. Projected target is around area 1.5000 in the long term.

2 April 09 ECB Rate Cut



Price had a crazy time going up, it hit 1.3500 round number and fibo resistance.

2 April 2009




A bounce of previous day high with some nice pips. But my internet connection sucks today so cant trade~

Wednesday, April 1, 2009

Frustrated and Furious

My Forex broker connection this morning 8am is so bad. I was long Euro but my broker's price was not moving. Very sien jo.. try to connect many times but it got connected and disconnected again and again. So finally it got connected, closed with a +2 pips profit. And then it lag and got disconnected again!! When i turn to my other broker platform and see, price shot up and hit my TP level! Grrr...

EU is trying to break the Upper TL now.

Ok today will be a volatile day with Euro interest rate cut and G20 stuff, i may stay out of this. Going for 2 movies Fast and Furious & Shinjuku Incident.