EURUSD Trading strategy: stand aside The resistance formed by 1.4850 remained stable and the euro failed to advance higher earlier today, therefore downside is under pressure while writing this. Trading has been quiet today and it will probably remain this way until today’s close. Medium term sentiment remains highly bullish and this week’s losses are Read More
Daily analysis and trading strategies 10-30-09
EURUSD Trading strategy: long at 1.4855 on break of 1.4845/50 (hourly bar/candle close above 1.4850), initial stop at 1.4815, objective at 1.4935. Adjust stop to breakeven on +30 pips (at 1.4885) if reached Yesterday’s bounce off support on the 1.4700 handle was an early warning signal that uptrend could resume and the decline to 1.4700 Read More
- Continue reading: Daily analysis and trading strategies 10-30-09
Intra-day update 10-29-09
EURUSD Trading strategy: long at 1.4765, initial stop at 1.4715, objective at 1.4850. Adjust stop to breakeven on +30 pips (at 1.4795) if reached. Stronger than expected U.S. GDP lifts the euro to session highs against the dollar. The euro is currently pushing on the interim resistance around 1.4800 and hourly studies are positive, favoring Read More
Daily analysis and trading strategies 10-29-09
EURUSD Trading strategy: stand aside The sell-off continued down to 1.4700 – the 61.8% of the up leg from 1.4480 to 1.5060, as a result of recent losses in equity markets. The S&P500 is facing support formed by a rising trend line coming from August’s low at 978.50, as seen in the chart below. A Read More
- Continue reading: Daily analysis and trading strategies 10-29-09
Daily analysis and trading strategies 10-28-09
[poll id="3"] EURUSD Trading strategy: long at 1.4850 on break of 1.4845/50 (hourly bar close above 1.4845), initial stop at 1.4790, objective at 1.4940. Adjust stop to breakeven on +30 pips (at 1.4880) if reached. Euro’s sell-off continued on yesterday as a result of equities pulling back from recent top sides. Support has been found Read More
- Continue reading: Daily analysis and trading strategies 10-28-09
Daily analysis and trading strategies 10-27-09
Please vote in the following poll regarding the upcoming trading webinar. If you would like to participate on a different date/time, let me know. [poll id="3"] EURUSD Trading strategy: stand aside Yesterday’s losses in equities caused the euro’s decline into the key support zone into the 1.4820/50 region. Former resistance around 1.4830 which is the Read More
- Continue reading: Daily analysis and trading strategies 10-27-09
Daily analysis and trading strategies 10-26-09
EURUSD Trading strategy: long at 1.5050 on break of 1.5045 (hourly close above 1.5045), initial stop at 1.4990, objective at 1.5130. Adjust stop to breakeven on +30 pips (at 1.5080) if reached Resistance into the 1.5045/50 region is intact and couldn’t be broken yet although it’s been tested several times. Upside remains favored as long Read More
- Continue reading: Daily analysis and trading strategies 10-26-09
Daily analysis and trading strategies 10-23-09
EURUSD Trading strategy: long at 1.5050 on break of 1.5045 (hourly close above 1.5045), initial stop at 1.4990, objective at 1.5130. Adjust stop to breakeven on +30 pips (at 1.5080) if reached The euro remains bid and upside pressure is quite high as the pair has reached a fresh high at 1.5060. Yesterday’s recovery in Read More
- Continue reading: Daily analysis and trading strategies 10-23-09
Daily analysis and trading strategies 10-22-09
EURUSD Trading strategy: long at 1.4930, initial stop at 1.4870, objective at 1.5010. Adjust stop to breakeven on +30 pips (at 1.4960) if reached Yesterday’s rally to 1.5045 opens the 1.5 territory and current pullback seem corrective, most likely caused by the session’s end losses in the equity markets. If the current pullback continues, intra-day Read More
- Continue reading: Daily analysis and trading strategies 10-22-09
Daily analysis and trading strategies 10-21-09
In case you have missed the announcement of the upcoming Q&A Webinar which I am going to host next week, please refer to this article. Do not hesitate to send your questions and topic suggestions. EURUSD Trading strategy: short at 1.5060, initial stop at 1.5120, objective at 1.4960. Adjust stop to breakeven on +30 pips Read More
- Continue reading: Daily analysis and trading strategies 10-21-09
Q&A Webinar next week
Hi, I plan to host a Webinar Session into the forex chat-room next week. Exact date & time will be communicated within the next days. The Webinar session will cover various trading & technical analysis topics. I already have some topics in mind but I’ll be very glad to receive suggestions from you, via comments Read More
Daily analysis and trading strategies 10-20-09
EURUSD Trading strategy: short at 1.5060, initial stop at 1.5120, objective at 1.4960. Adjust stop to breakeven on +30 pips (at 1.5030) if reached The euro rose to a fresh high at 1.4993 – a few points below the 1.5 barrier. Current pullback is modest and a re-test of the 1.5000 within the coming sessions Read More
- Continue reading: Daily analysis and trading strategies 10-20-09
Daily analysis and trading strategies 10-19-09
EURUSD Trading strategy: short at 1.5020, initial stop at 1.5070, objective at 1.4920. Adjust stop to breakeven on +30 pips (at 1.4990) if reached The support zone around 1.4840 has provided a stable reversal point so far and the upward channel formed on the 4-hrs chart, as seen below, is intact – the lower band Read More
- Continue reading: Daily analysis and trading strategies 10-19-09
Daily analysis and trading strategies 10-16-09
EURUSD Trading strategy: stand aside Intra-day sentiment is slightly bearish after the 2nd failed attempt to reach 1.5000. Yesterday’s relatively fast recovery from 1.4840, which is also the 61.8% retracement ratio of 1.4760-1.4965, suggests that uptrend is very strong and pullbacks are grabbing bids from below 1.4900, for a potential break out above 1.5000 on Read More
- Continue reading: Daily analysis and trading strategies 10-16-09
Daily analysis and trading strategies 10-15-09
EURUSD Trading strategy: short at 1.5010, initial stop at 1.5065, objective at 1.4910. Adjust stop to breakeven on +30 pips (at 1.4980) if reached The rise continued and the euro currently trades into a fresh multi-month high territory – near the psychological barrier 1.5, also right on the upper band of the upward trend channel Read More
- Continue reading: Daily analysis and trading strategies 10-15-09
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