Wednesday, May 16, 2012

Last Oracle Technique: AUDJPY 16/5/2012


I'm not feeling well today and went to Clinic this morning. The doctor is very compassionate enough to give an 
"MC" , so that I don't need t go to work .But let put that aside and let get to business.


For today trade I decided to sell AUDJPY because I believe there is still room for further declines and this justified by my system that I have been using until now.


Based on the chat, this pair is likely to declines further as:

  1. All my 200 moving averages are pointing south
  2. The price is still below the ichimoku cloud  which signifies bearish trend
  3. The pair is creating LH and LLs
  4. The CCI has shown an overbought position which i believe the bull may loose its steam later on;
So, based on this rational, I embarked on selling the pair with 2 position at price 80.08. Let see if I can pocket some green pips with this trade.

Thursday, May 10, 2012

Last Oracle Technique: EURAUD 10/5/2012

Just come back from pre marriage's HIV test.. luckily I'm clean and can get married..haha. anyhow I just bought EURAUD at  1.2829 worth of 30 cents..here is the chart that I did my analysis for your understanding.


Closed the position at 0700 Malaysia time zone  on 11/05/12 .I closed it with a small profit because  I'm not that confident with the trade. but well if I hold the position, I could easily make 50-60 pips.What a regret however, it is better to end up in profit rather than a loss right.(Trading rule of thumb" Don't be greedy") .Here is the snapshot of profit that I managed to pocket for the trade.



Wednesday, May 2, 2012

Last Oracle Technique: GBPUSD 02/5/2012

I just came back from work, the traffic was so bad due to rain, however based on my chart GBPUSD shows a very nice long set-up so I decided to open 2 buy position on this pair.

Both of my position I opened at price of 1.6183 but the different between this two trades is the TP that I have set. The 1st Tp I targeted about 50 pips and the later I targeted about 70-80 pips. Let see if  I can pocket some green pips on this pair today.


After holding the positions for almost a week, the result that I got is really frustrating and I decided to close this positions with a loss.It is quite a heartache to see the losses eating up my accumulated profit.Here is the snapshot of the loss that I had suffered 


I view this loss positively as it teaches me lot of thing and I believe I can make up all the amount that I had loss later on..Money2.. and don't give up


Tuesday, May 1, 2012

Last Oracle Technique: EURGBP 01/5/2012

Happy month of May 2012 for me, myself and fellow traders. I have a very good run in April as I  managed to more than double my small account and I expecting myself to do the same  for this month.. keep up the good job last oracle's trader.

Here is my 1st trade for this month, I just sold EURGBP worth 0.30 cents at price of  0.8178 and for this position I only target 40-50 pips of profit due to weak signal and I'm not that confident to target more than 50 pips. Let see if I mange to pocket some green pips. 


My Tp for this trade hit at 1559 Malaysia Time and here is the snapshot of the profit that I managed to pocket


Last Oracle Technique: Summary of trade performances as at April 2012