USDJPY Daily

USDJPY Daily major resistance...

EURUSD Daily

EURUSD possible area to enter short on daily charts...

UPDATE ON 02-Aug-2012: The trendline does hold. Updated chart:

USDJPY H1 Trendline

USDJPY H1: Price touching rising trend-line. I am long from 78.15

USDCAD H4 Channel

USDCAD H4 descending channel

AUDUSD H4 Channel

EDIT: I entered short 1.0503

AUDUSD H4 Channel

Complaining and Lack of spirit in British Olympics

The next day of 6-July-12, when people learnt that London would be hosting the 2012 Olympic games, 52 people died, the very next morning, in the devastating terrorist attack on the city's transportation system.

In true British style, the first day of Olympics sports meant the first day of embarrassment for North Korea's women's team when they were introduced alongside a South Korean flag - it cant worse then this. And on the second day there was another botch up when a Welsh soccer player was described as English in a match program — perhaps a small thing to those outside the U.K., but no joking matter to a Welshman.

And the list goes on...  As per this article on WSJ, London was never prepared to host 2012 Olympics:

" We cannot afford these Olympics, and everyone knows it. Given the prevailing economic climate, some think that this year's opening ceremony should consist simply of an open-topped bus, with Colin Firth, J.K. Rowling and the Beckhams waving from the deck above—provided that all those concerned, including London Transport, waive their usual fees and bring their own umbrellas.
We also were penniless the last time that London hosted the Games, in 1948, but back then, austerity meant something entirely different. Six million people had no access to an inside toilet, and seven million had no hot water, and most of these privations had nothing to do with the war. "

Obviously, the world dont care. The all it needs is a reason to celebrate and surely, medals will give plenty...

Trendline Trader

This EA is based on strategy discussed on babypips forum <here>

It draws 2 trendline based on high-high and low-low created by swing indicator.
The rules for creating trendlines are:
1. If new high is higher then previous high, then draw a horizontal line at new high. Else its a trendline connecting new high and previous high.
2. If new low is lower then previous low, then draw a horizontal line at new low. Else its a trendline connecting new low and previous low.

Whenever there is breakout of these trendlines, it

CHFJPY Head & Shoulders

CHFJPY Head & Shoulders forming...

GBPUSD Channel

GBPUSD channel.

On H4 chart:

On H1 chart:

USDCHF H4 Trendline

USDCHF H4 breaking trend-line. Correction ahead. 

USDCHF H1 channel

USDCHF H1 channel

GBPCHF H4 Channel

GBPCHF H4 Channel