AUD/USD

Aussie had a rejection again. Going bearish once again. A word of caution, The Fed Chairman Bernanke will be speaking at 10 pm.

EUR/USD and EUR/JPY

Yesterday night the Euro buckled and fell like a brick. Then today it went up, catching all the shortists who shorted the Euro last night. Spotted the bullish pinbar before the big rise? That's the indication of a reversal.

The same goes for Euro vs Yen. Look at that, pinbar on the support.

EUR/JPY

It has been very volatile these few days but looking into the daily timeframe. The Euro vs Yen is still consolidating, being rejected again and again preventing it from moving up above the resistance. It's waiting for some important data or news to break up to new heights.

AUD/USD

AUD/USD to continue its bearish run. Beware of 8.30 pm, which is the release of US unemployment claims news.

AUD/USD

AUD/USD tested another resistance, tumbling down after a short rally.

EUR/USD

Will be difficult to trade today. Suggesting staying out and wait for further signals.

AUD/USD

The Pinbar is signalling me to short the Aussie. Stop loss at above 1.03865.

EUR/USD

Certainly was a rollercoaster ride for the Euro! It broke through the support which I mentioned. Then going into a quick selldown because traders saw the breakout. Then it was supported at above 1.24630 and then went up in a jiffy catching all the short sellers. Was stopped out when it broke through my support. Re-entered at around 1.24730 cause I saw a rejection. This signaled me to go long. For those who are in already you might want to take a partial profit as I detected a pinbar signalling a reversal.

EUR/USD Update

Update: Still looking very flat and crazy. Bulls and bears are fighting.

AUS/USD is looking to break up as there is a very strong support at 1.03700.

EUR/USD

EUR/USD retested the support. Now it seems to continue with its bullish trend.

Update: It's stalling now. AUD/USD continues to look bearish.

Sakari Acquisition

Well, well! Look at that! Sakari had a trading halt on Monday morning and when it resumed trading, it opened up at 1.9! Massive opening due to an announcement on a Thai company seeking to acquire Sakari. Congrats to those who bought at the low and held it till now. It is a very good reward to take now.

AUD/USD

AUD/USD continues to look bearish. The trend will be downwards. It's kind of troublesome shorting it as the Euro keeps spiking, taking Aussie along for the ride, hence you see violent violatile movements. But if you managed not to be taken out, I think the rewards are good should the trend continue and not reverse.

Sakari

Sakari seems to be in a consolidation phase. It will be good if it can break up the blue line. Notice there is a heavy buying when it touches the purple line, meaning big buyers are pushing the price upwards. Now remains to be seen if these "Big Boys" are really pushing the price, or they are faking it, preparing to push it down further.

How to Trade in Peace

How to trade in peace? Usually when you are in the market, there is always a risk. You take that risk in exchange for a reward. Most of the time we lose, cause sometimes the market is just erratic, or we made a wrong judgement call, or what ever upsetting events that can happen. Sometimes we lose consecutively. When we lose money, we get upset isn't it? I do get upset if I start to lose more than what I earn from the market. So there is one lesson that everyone should use is not to risk too much. Probably you have read about "Risking only 2% of your account". That's like a standard word to just tell everybody not to risk EVERYTHING on your account. Sometimes we lose consecutively, so this 2% can also easily accumulate to a big loss. I think we all have different perception of risk taking, some can take bigger risk, some take smaller risk. It's up to the individual. The most important thing is to be comfortable in the amount of money that you can lose. You do want to sleep comfortably in the night right? Even if you lose that trade, it won't make a big dent in your account and you can tell yourself: "Hey! I'm wrong! let's move on and wait for the next opportunity.". It builds the confidence if you win and also force you to be consistant. When your account grows by your wins, then you can increase your risk according to your account.

How to do that? Reduce your lots, make it smaller. Don't have big lots and make your stoploss too small. You'll lose definitely. You need to have space for your trades to run it's ups and downs. By having smaller lots, you can have bigger space for stoplosses, hence you will not be risking alot. So this is one adjustment you can set for yourself. Yes, the profits may be small, but if your reward is more than your risk, you still win. If you lose, the loss is just small. Good placement of stops is usually at slightly away at the end of the tail of the candle/ support/ resistance.

Oh, one more thing. It's good to lock in/ take your profits when you see you have earned a good amount of money. Never hurts to lock in profits.

EUR/USD

The huge rejection of price tells me that market is still not willing to push the EUR higher. Shall have to wait next week to see if it will continue upwards.

Support on the daily, hence my call for a long last night so will have to wait for next week for the market. Friday is seems always a funky night to trade.

Very Nice Rebounce on EUR/USD

A very nice rebound at 1.24930. It was quite confusing at first wondering will it break down. Now we see can it go further (Long term hindsight) as it has tested it's Daily support.

Note: With the EUR/USD boost, AUD/USD also went up. They are usually correlated, just that AUD tend to be weaker nowadays.

Bearish AUD/USD (Again!)

Went up, went down. How volatile AUD/USD is these few days. Now on the downside again. If it breaks the support of 1.04070, we will see a bear trend in AUD/USD. It may be a good short but beware of banks doing certain tricks to take your money.

AUD/USD

AUD/USD looking pretty funky. Called for a short in the daily, but the fed pulled the AUD up due to a drop in USD. I say currently markets are jittery given such crazy volatility.

EUR will stall for a while I guess due to reaching it's weekly resistance.

AUD/USD Daily Bearish

A bearish Pinbar appears on the daily time frame indicating that it's still bears for the Aussie.

AUD/USD

Is this a correction? Or something more sinister coming for AUD/USD? Again AUD/USD broke down  under it's support.

Yangzijiang

Yangzijiang seems to be at an attractive buy. It is still in a range though it seems to be moving above the support.

EUR/AUD

For those who are bullish on EUR more than AUD. This cross over might interest you. Very nice low risk yet potential high reward on the Daily. The only downside is the overnight interest rate you'll have to pay to hold this.

EUR/USD Up!

Last night it bounced. And today it managed to break out of it's initial consolidation (It's a bitch). So those who managed to long it when it bounce can take a good profit. Next we will see if it can break past 1.24411.

AUD/USD Reversal

AUD/USD bounced and refused to stay down. Hence it broke through in a huge rally thanks to EUR/USD. Return to bullishness on AUD/USD? May be.

Here's a daily vie. Seems it bounced and going up.

EUR/USD rebounded still ranging

EUR/USD Rebounded from support. In daily still in ranging mode.

AUD/USD Resuming It's Down Trend

Hitting a resistance, AUD/USD now heading downwards, resuming it's down trend. EUR/USD might be breaking down.

EUR/USD

EUR/USD Daily might be a potential long if it does not break down.

AUD/USD Update

Update on AUD/USD: The first target has been hit. Although I should have posted a lower estimate as due to bid/spread, the target might not be hit. The next is around at the line below 1.04560. Last is around 1.046800.

Possible short rally in AUD/USD

Seeing Pin bars on 1H chart in AUD/USD. Remember I called a bearish stance on it? Probably a rebound, then continue on down. Probably will hit 1.04435. If lucky will hit 1.04769.

Enter trades in 1hr or 4hr timeframe

Entering trades for FX in 1 hr or 4 hr timeframe seems the best.

Noble Group

Noble group in profit taking mode. Careful.

EUR/USD

EUR/USD going crazy. I remain neutral. But I'm bullish on EUR/JPY.

Edit: I'm Bullish now.

EUR/USD turned bearish suddenly

If you haven't taken profit yet. Might be a time to do so. Kinda uncertain now. Either short or neutral.

Bearish AUD/USD

Looking Bearish on the Daily and Weekly. Likely rebound at 1.04769.

Waiting for China Fish

Waiting for ChinaFish to go up. Upside won't be that fast.

Hitting the Resistance

Sakari hits a resistance. Very big profit taking. Support comes at around 1.4.

EUR/USD Longing position

Longing Eur/usd. Stop loss at the end of the pin bar.

Sakari Continues

Sakari continues it's upside.

Sakari Moving Up

Sakari moving up. Immediate price is $1.5. If it can break up, profits are alot!

More Bullish Oil Coming?

Oil continuing it's bullish run?