So, it worked at last.

For last couple of weeks I've been tracking NZD-CAD, looking for a move to a downside. The break was not happening, so kept moving my entry just under most recent low. Finaly the move came last Friday. It fast and furious. By that time my sell was at 0.7905, with a target of 0.7805. It was reached in a little over 2 hours. 100 pips.

http://img249.imageshack.us/img249/73/nzdcad3editedqm8.jpg

Most likely I'll be returning to this cross in not too distant future. For now however focus goes elswhere, CAD-CHF to be exact. My plan is to buy it at 1.1400 and trying to reach 1.1600, or 200 pips. Chances are it will take 2-3 weeks, but I like the set up here

http://img152.imageshack.us/img152/1748/cadchfeditedyx1.jpg

As always, click on the links to see the charts.
Now we sit and wait.
Granicus

Here it is...

I've neglected these pages to some degree. Busy, busy, busy. Besides, the trade I highlighted here took some time develop. Eventually, it came to a satisfactory conclusion and here are the results.

http://img517.imageshack.us/img517/212/gbpaudeditedty6.jpg

Turned out to be a good trade despite long wait, netting 140 pips on first exit and over 400 on next. I'm looking at AUD-CHF now. Plan is to buy it at 0.9700 and look for appreciation to 0.9850 or 150 pips. Here is the chart.

http://img147.imageshack.us/img147/1442/audchfeditedzm7.jpg

Now we wait. I'm sure this trade will not take as long as last one and I'll make it a point to visit this page more often. To see the charts just click the links.
Good trading!

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.