Utopia

Market is an endless area of possibilities without any predefined rules of behaviour in the area. If one can create rules which matches himself, how can he be unsuccesful in a such a World?

Market is a live World, world which is neutral to you, without any rules, where you are alone and capable to do anything that you want. Be an ant, monkey, die, survive, surf the rivers, be the King.

Define the rules, trust them. If there are rules, there is no risk you fall from the rocks, but you enjoy beautiful views from them.

(image belong to its author)

EURUSD Long term

(click on chart to enlarge)

GOLD Daily

Gold being capped by its down trend structure for the third time. However short term downside maybe limited/not so fast in coming days on the lower band (not bollinger bands).



7th October update

USDYEN Monthly

USDYEN monthly chart with a trendline coming down for 8-years already. YEN will probably gain more strength again in coming weeks.

Words from my friend

Better to lack courage and preserve capital than to be courageous and lose everything.

Sweetpea, sweetest trader in Singapore

EURUSD Daily

28/09/2006 update

GBPUSD Range shift

Cable shifted its range to 8777<->82xx from 91xx<->877x

(straight red lines do not show future price pattern)


This scenario became wrong

EURUSD Monthly

My model show long term trend started in May 2002 when euro was at 0.9. Clear breakdown started in May 2005 with breaking of 2730. Then it met a major support at 1650 and bounced back to 2980 in May 2006, where major resistance comes. Now it is pointing to 2370 and 2100 as majors supports. On a breach of lower barrier targets a fall towards 1.06.
Monthly model is most clear to be right now and very coincides with long term USDCHF chart.

Funny magic of 555 months comes here.

USDCHF

Daily chart starting to take off above white model line.

Targets towards 2700 and probably above

AUDUSD

AUDUSD heading to its major support at 7540.

You fell?

"Our greatest glory is not in never falling but in rising everytime 
we fall"

Confucius

Anger fills your mind?

Do not get angry at the market...

"Anger blows out the lantern of ur mind."
Buddha

Cable trend

Cable is well on the downtrend until levels are not broken on upside.






10/08/2006 update


Update of the previous chart









Rising key support at 8980

AUDUSD

Selling audusd at 7645 and 7655 may work today with stop for all at 7670.







Price is stuck in between 7660 and 7630 from 4H chart with last support at 7587 on close basis

Cable chart

Reading from PDI and volatility calculations shows cable is limited on downside

Importance of being right

"I've missed more than 9000 shots in my career. I've lost almost 300 games. 26 times, I've been trusted to take the game winning shot and missed. I've failed over and over and over again in my life. And that is why I succeed."
Michael Jordan

I never looked at the consequences of missing a big shot... when you think about the consequences you always think of a negative result.
Michael Jordan