1.19pm First and foremost, I wish myself a happy 24th birthday and I hope more readers get to benefit from the baby I have created here at Fxgump with my guys. I’m done with the market this week. Didn’t last very long with USDJPY although I was the one who did the perfect analysis. Snicky’s AUDCHF analysis got...
A look at the global market shows a clear trend change. The sellers are back in the market and this might be the new beginning of a bearish trend. What the media has to say? 1) Corporate earnings are not fantastic 2) Euro debt problem has not been resolved 3) Banks are risking too much again – JPMorgan lost...
Hi guys, Saw a bat pattern formed up on the AUDCHF pair. There was reaction last night to this level. Hope to see it tested again for a double top. This is also with the strong downtrend the pair is currently in. Risk is about 30-40 pips and target 1 is about 100 pips away.
Updated 16/05/2012 9.06am Was stopped out of this setup yesterday with 25 pips stop. However my conviction to short this pair is still strong. H4 resistance level was overlooked last night. Will be looking to go short at strong H4 S&R zone again. My entry zone 80.40-80.60. Stops 80.70 Targets 80, 79.70 and79.40 and 70.10. USDJPY H4 Short Setup Still upbeat. Hope this...
10.50am Hi all, terribly sorry as I was down with fever over the weekends. Just recovered and back in the market. Just did a short for USDCAD as this USDCAD h4 range play has been paying dividends for me. USDCAD H1 Small stops huge reward. Trading is many times statistics. Will be trying my best to hold till target in green...
