Hello Traders,

I hope to share my market views here. While there are plenty of traders out there who are better than me, I am please that I have been able to keep my trading simple. I take my positions using simple indicators but I analyse the market based on Price Action, Price Patterns and Market Psychology (See description) only. In the process of explaining Market Psychology, I use the analogy of a Warfare very extensively and I explain this in my ebook.

Note: Just to be clear, this is for sharing and not meant to be investment advise. See Disclaimer for more details.

The following are my commentaries:

Weekly Commentary: 27th July 2014

Previous weekly commentary: Commentary on 20th July 2014

Hello Traders,

The USD closed the week around $81.10, this is definitely a new high compared to last week and this looks like a more and more convincing new up trend too. On top of that, this...Read More..


Weekly Commentary: 20th July 2014

Previous weekly commentary: Commentary on 13th July 2014

Hello Traders,

Since the sideway market last week, the USD index had been crawling higher and closed the week around $80.60 and it was generally a sideway market – which isn’t much compared to last week. For...Read More..


Gold - Engulfing Bar Showing Sellers' Dominance

(Click on image for larger view)

Hi All,

Just a quick update on Gold. This precious metal tested the 1331 Resistance level a few days ago but it did not give any convincing price action (I would much prefer a bullish trend bar closing above that level).

Unfortunately, because...Read More..


Weekly Commentary: 13th July 2014

Previous weekly commentary: Commentary on 6th July 2014

Hello Traders,

The USD index closed the week around $80.20 and this week seems like a correction market. Having said that, when looking at the bigger picture, I need to remember that price is till pretty choppy...Read More..


Weekly Commentary: 6th July 2014

Previous weekly commentary: Commentary on 29th June 2014

Hello Traders,

The USD index made a change in direction in the middle of the week. I wonder if this is a pullback or a reversal. Half year just ended and we have official started H2. Looking...Read More..


AUDUSD - Climbing Higher?

(Click on image for larger view)

Hi Traders,

A quick update on the Aussie. As mentioned on the 15th June (see article), I was looking a the range market and price was testing the top of the range. As price was...Read More..


Weekly Commentary: 29th June 2014

Previous weekly commentary: Commentary on 22nd June 2014

Hello Traders,

The USD index is finally moving lower. As mentioned last week, the market is testing the $81 resistance but the move lower is a healthy sign. My guess is that it will test the $79...Read More..


Gold - The Tug-of-War Continues

(Click on image for larger view)

Hi All,

Just a quick update on my favourite metal.

On the 29th May (see article), Gold broke out of a fairly significant consolidation triangle. If you have been following my posts, you would also know...Read More..


Weekly Commentary: 22nd June 2014

Previous weekly commentary: Commentary on 15th June 2014

Hello Traders,

The USD index remained stagnant again and there was not much movement. As price continues to test the $81 resistance, price continues to consolidate. My view remains consistent with previous weeks and I need to...Read More..


Gold - A Retest Before the Bears step In?

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Hi All,

Here’s a quick update on Gold. A few weeks ago (see article), I mentioned that Gold was consolidating hard and it was about to breakout of a triangle pattern. In fact, price broke...Read More..


Weekly Commentary: 15th June 2014

Previous weekly commentary: Commentary on 8th June 2014

Hello Traders,

As mentioned last week, I was expecting a more interesting week but that didn’t happen as the USD index did not move much. The market often surprises us but my view remains the same –...Read More..


Weekly Commentary: 8th June 2014

Previous weekly commentary: Commentary on 1st June 2014

Hello Traders,

The market is full of surprises and you get a mixed of signals once in awhile. Looking at the USD index, even though I thought that price was about to move higher, price gave me...Read More..


AUDUSD - Price Consolidation

 

(Click on image for larger view)

Hi All,

Here’s a quick update of what I’m watching. As mentioned on the 25th May (see article), the AUDUSD has been consolidating in a clear range. While we know that Non-Farm is just around...Read More..


Weekly Commentary: 1st June 2014

Previous weekly commentary: Commentary on 25th May 2014

Hello Traders,

This USD Index closed around $80.40. As mentioned last week, I need price to break above the $80.80 price level for a more bullish bias. Looking at the weekly bar, price action gave us a...Read More..


Gold - Breaking Out Lower

(Click on image for larger view)

Hi All,

Gold was consolidating hard since my last commentary (see article). In fact, for those of you who picked it up, gold formed a symmetric triangle pattern (see above).

Since then, price...Read More..


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