Tuesday, August 31, 2010

30-8-2010-AUDUSD-Long n EURJPY Post Market Analysis

After failed trade today.... hmmmm mkt is still unsure or am I unsure?!
Hahha!
Anyway, must still continue to do my work.... so diligence must not be compromised!

30-8-2010-AUDUSD-Long
-Price stalled for too long for comfy, check with other pairs also heading sound fiercely... decided to MC this trade b4 too late. Glad for the decision.
-Market was just not ready to move up yet.
-However, was not able to see the SELL set up for this pair... why so? hmmmm - cos road map is LONG!! Nevertheless, missed oppty is better than Wrong oppty!  



30-8-2010- EURJPY - POST MARKET ANALYSIS
- Have been trying to short this pair since last week but failed miserably.... price just not ready to move down despite being in a knwn BEAR FLAG. Check with my Sifu, price has hit a KEY Support, if closed above it, may do more retracement b4 attempting again...
-Yet I missed it when the 200+pips move came in yest.... ought to slap myself in the face. but on Hindsight n doing this Post Mkt Analysis.... knowing my style of trading, I will probably miss the wagon also lah. Not fast enough to jump in!

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