Wednesday, August 22, 2012

Grid Trading - Basic Concepts


Grid Trading is a type of Forex trading that attempts to take advantage of the natural back and fourth motion of the market by placing orders both above and below the current market price and "catching" profits as the market moves. The appeal of this type of trading is that the model requires almost no forecasting of the market direction. 

This benefit of removing the variable of price forecasting,

Tuesday, August 21, 2012

GOLD breaking the wedge

GOLD Daily: Breaking wedge. Looks bullish...


UPDATED on 22-Aug-2012: Looking to break lower. 6 continuous UP daily long candles. Stochastic over-brought as

Monday, August 20, 2012

Relative Change Indicator


This indicator calculates current price relative to previous 250 bars. I created this indicator to see the relative price change of 2 correlated pair e.g. EURUSD & GBPUSD. It helps in determining which pair (among the correlated one) is having more momentum. 

The difference buffer (histogram) gives the relative difference between the 2 pairs. There's a optional 3rd symbol also. 

Basically, I use it to see the relative momentum difference

Tuesday, August 14, 2012

EURJPY Resistance

EURJPY H4: backing off from resistance...



AUDCAD trade Setup

AUDCAD H4: Long/short trade setup on this trendline aproxx 1.0380/90


As excepted, price bouncing from the trendline. I went long at 1.0393.



Monday, August 13, 2012

Thursday, August 9, 2012

GBPUSD H4 Trendline

GBPUSD H4 trendline am watching...


EURJPY H4 Trade

EURJPY H4 trade. Fibo 50% should provide a good resistance. Also 96.40/35 has provided good resistance before as well.


EURUSD Short trade setup

EURUSD Daily short trade setup:

Price bounced off twice from 1.2450 area - providing a good resistance. Trade to short on any rallies towards 1.24 area with 1.2470 stop and 1.23 tp.



Tuesday, August 7, 2012

Monday, August 6, 2012

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