Sunday 31 October 2010

GBP/USD View

GBP on Wave 3???

GBP/USD Trading Plan

Buy if it breaks the up fractal, around 1.6107

Stop Loss would be below the red line or one tick below the last down fractal at 1.5649..

Tuesday 12 October 2010

EUR/USD Week 2

1st Trade

Break Down Fractal sell @ 1.3913

Trailing Stop at 1.3884, guaranteed profit 29 pips..

Let's ride the trend, win small or hit the jackpot..

Should've add position from the 2nd box, but didn't see it, busy... :)







Close 1st Trade

Close position at 1.3852, hit my stop loss

Total profit of 61 pips...

Friday 1 October 2010

AUD/USD View

Until it breaks the trend line, just follow the trend. A strong up trend indeed, this is what they call a joy to behold (wave 3), trend is your friend. But It's too high now for me, well you can't say it's too high, coz there's always a possibility to go higher, all i can say is for me, it's too risky to have a buy position now, already had a couple AO and price divergence, the momentum decreasing.

4 Hour Chart
I'll sell if it breaks the first fractal below the red line or if the price break the trend line..

Let's just wait until that happen..

If I sell this, i'll be trading wave 4 and it can get bumpy. hopefully it's a normal zig zag abc correction. Otherwise, it can be a risky trade.

C'mon, give me a correction plisss.. hehehehe... :)