AUDJPY - no fill at 90!!!

My buy orders are still sitting at 90, but the pair already popped up 250 pips. :(


If it falls back again I will certainly try to buy that zone again.

Comments

Post a Comment

Popular posts from this blog

How to trade

“I have not failed. I have just found 10,000 ways that won’t work.” – Thomas Edison I don't know about you fellow traders out there, but that is certainly how I feel about my beginnings in the financial markets. It all sounds so simple. You open almost any book about trading and read about how putting an indicatior on your chart can give you entries and exits and will make you rich. Excited about the insight you pull up your chart software and start seeing the described entries all over the place. No way to lose money with this knowledge, right? Well, it's not that easy. And how could it be? Do you really think something like "the 20 period moving average acts as support" is the essence of investing? Huh?? I mean, come on folks! It might work a few times, it might even work in the long run for some people. But the truth is: what these technical, indicator-driven strategies try to do is to exploit a statistical abnormality . Following these rules religiously is very t...
Read more

$GBPUSD chart analysis

Image
Look at the break of the massive shelf around 1.5250/1.5375 in GBPUSD. I expect this to be a meaningful change of sentiment for the currency pair. What the heck are the British doing to their money??? Next support zones as marked by the blue lines below current price: S1: ~1.5000/1.5125 S2: ~1.4850/1.4875 Of course I got long within the brokes support around 1.5375 and now I'm in trouble with this one. So I will have to figure out how to reduce the damage.
Read more

Positions

Silver Looking back I was naive on this investment. I got carried away by all the positive commentary and doom stories and actually believed that there was no way but up for silver (and gold). Ok, now I have learned. I should be more careful. AUD Ozzy dollars might be overvalued in the moment. But it's the last carry currency left with its neighbor NZD. And since NZD has strengthened against ozzies by about 1000 pips over the last months, I believe that AUD is the better play currently. Gotta go to IKEA, will continue this later...
Read more