More Pound.

The pound looks strong at the moment and AUD looks weak. Nothing left to do but to give it ashot here. So here we go, going long GBP-AUD at 2.3065 with a goal 2.3270. This is a very conservative target as looks like there is a potential for 2.3500. But first things first .
Here is a link to the chart.


http://img148.imageshack.us/img148/3737/gbpaudcs8.jpg

Granicus.

CAD-CHF

I'm looking at CAD-CHF, among other things. It's another one of the crosses that I trade. We get respectable 8 pips spread here, so it's very much tradable. Here is a 4 H chart. I'm seeking a break here at 1.1980 and a move of about 180 pips, to 1.1800.
Here is a link to the chart .

http://img88.imageshack.us/img88/8471/cadchfhs1.jpg

We shall see what happens.
Granicus.

At last.

Here are the outcomes of my earlier trades in EUR-NZD and GBP-NZD. They made 190 and 300 pips respectively. While I waited for these trades to pan out, there were others before. Since I didn't post them, then there is nothing to comment. The wicked moves yesterday certainly made my day.
Here are the links to charts.

http://img147.imageshack.us/img147/8864/eurnzdcloseeditedle9.jpg
http://img147.imageshack.us/img147/9441/gbpnzdcloseeditedye0.jpg

Granicus

Conclusion

Prices slowed down here so I decided to take profits. Exited GBP-SEK at 13.1334 or 413 pips. Not bad.

http://img187.imageshack.us/img187/9971/gbpsekcloseeditedmg9.jpg

Granicus

Scandinavian currencies

The previuos 2 trades didn't happen, as the prices swiftly moved the other way. Plenty of trades on small time frame, though. O.K. here is GBP-SEK. I'm trying to buy it at 13.0925, looking for 13.1550 level, about 600 pips.
Here is the link to the chart

http://img136.imageshack.us/img136/912/gbpsekut1.jpg

If the price reaches this level, trade should complete this week.
Granicus.

It's so slow

Seems like prices froze here for now. No problem, we'll wait. I'm adding EUR-NZD buy order to my order from yesterday. Long an 1.8810, targeting about 200 pips or 1.9000. I will watch it in real time as it moves.
http://img524.imageshack.us/img524/7582/eurnzdeditedeq5.jpg

This is a link to the snapshot of current chart. If I try to post the charts here, they come out very small and lack detail. Just click the link and it takes you to the chart.

Granicus

Let's see...

Both AUD and NZD are locked in a range for now. It's fun to nip at them for a few pips here and there, but sooner or later they are going to break out. Which way, though? I'm giving it a try with GBP-NZD at 2.71 and looking for something like 300 pips or 2.74.

http://img214.imageshack.us/img214/2784/gbpnzdrk1.jpg

Click the link to see the chart.

Granicus.

Hello!

Do you trade Forex? So do I! As a matter of fact, I trade for a living. I work for a small trading company. We trade a few proprietary accounts, do some research for commercial companies hedging their international exposure. We also offer some services to general public through our website.
I don't have much to do with the website, however, as my boss decides what goes on it. Whatever is published there is not mine. My job is analysis and trading of the less popular currencies, something we refer to as "secondary crosses". Not true exotics, mind you, like Turkish lira, but rather crosses like CAD/CHF, GBP/NZD or USD/NOK. These combinations don't have much of institutional following and even less retail trading, so there isn't all that much information available about them. So I thought I'd shed some light on the subject.
I can't publish what we do in our corporate accounts, my boss would chop me to pieces. Don't laugh, the guy has swords and other ancient fighting implements all over the place. I will however disclose from time to time my own personal trades.
Short term trades, using 5M or 15M charts are not really practical for blog posting, unless I'd do nothing but post here. Well, I have neither time nor inclination for that, but I can share some trades using 1H, 4H or Daily charts.
You can follow these trades, see me make money or take the beating. Both are normal for me, just a "day in the office". It's not my intention to encourage anybody to trade but rather to chronicle my own twisted journey through the mine field of Forex trading.

You are cordially invited to watch!

Granicus.