TraderGav dot com

About the old SIMSCI trading journal

Gav — Tue, 26 Feb 2013 12:28:08 +0000

Just thought I would write a quick post here. Although I have moved to TRADERGAV.com few years ago, I am keeping my old blog (Better Trading Blog) alive.

The recent change of hosting server has caused some problems , such as loss of images etc of the old blog posts, particularly, the SIMSCI trading journal.

So, if you are looking for my old SIMSCI journal, the old blog is the best place to be. And for your convenience, the address is now simsci.tradergav.com.

Intraday structure of ASX200 26 Feb 2013

Gav — Tue, 26 Feb 2013 06:44:35 +0000

This is not a trade. I thought it might be helpful to post the intraday chart (5-min) of ASX200 index. If one pays enough attention to the chart, it is not too difficult to draw out the structure in terms of supply, demand zones.

First of all, I assume you have the knowledge to identify supply, demand zones. Support , resistance level is just the cluster of supply demand zones. The basis of this analysis is , price tends to rebound at the demand zone (reverse is true for short side), and the broken level tends to serve the opposite.

Have a look at the 5-minute chart below.

ASX200 M5

Gav’s trading Recommendation:

$GBPUSD 25 Feb 2013

Gav — Mon, 25 Feb 2013 07:37:54 +0000

Just to post a quick chart before the market gets busy again. Cable, $GBPUSD , zone around 1.5235 might provide some trading opportunity. The confluence of supply line and zone, and SR flipped zone. I am watching this level closely.

GBPUSD M30

Gav’s Recommendation:

$USDJPY potential reaction zone 21 Feb 2013

Gav — Thu, 21 Feb 2013 11:31:44 +0000

Setup 21 Feb 2013
I am looking at the zone around 92.75 of USDJPY for some reactions. It is a retest of H1, H4 uptrend line and also the base of last spike. Let’s see how it goes.

USDJPY M30

update 22 Feb 2013

It depends on the buffer you’ve set, or if you leave your order after the 1st rebound, you might have missed the entry by few pips. Annoying, it is. Anyway, here is the updated chart. Price reacted well at the demand zone. now heading to retest the back of inner trend line

USDJPY M30 updated chart

Gav’s Recommendation:

$GBPJPY potential reaction zone 20 Feb 2013

Gav — Wed, 20 Feb 2013 14:36:44 +0000

So, big sell off of GBP. There are loads of retracement levels for GBP crosses. I am taking GBPJPY to show potential reaction zone.

M30 – Around 143.90 zone. A retest of previous support turned resistance, with confluence of supply line, and the base of sell off. This zone should provide some reactions.

M30

M5- Detailed look into price action. Expect compression or pattern such as triple tap into reaction zone.

Gav’s Recommendation: