Quote of the day: Just because something doesn’t do what you planned it to do doesn’t mean it’s useless. — Thomas Edison EURUSD Trading strategy: stand aside The upside targets remain in focus as the euro holds steady around the 1.50 handle, finding solid bids on the minor pullbacks to 1.4950. Short-term sentiment will remain Read More
- Continue reading: Daily analysis and trading strategies 11-12-09
Quote of the day: Money doesn’t make you happy. I now have $50 million, but I was just as happy when I had $48 million. — Arnold Schwarzenegger EURUSD Trading strategy: stand aside Needless to say, not much happened on yesterday, as liquidity in equities was pretty low but price remained into the positive territory. Read More
- Continue reading: Daily analysis and trading strategies 11-11-09
Quote of the day: In today’s regulatory environment, it’s virtually impossible to violate rules. — Bernard Madoff EURUSD Trading strategy: long at 1.4910, initial stop at 1.4840 (1% risk), objective at 1.5045. Adjust stop to breakeven on +30 pips (at 1.4940) if reached The euro is retreating from yesterday’s top side at 1.5020 which is Read More
- Continue reading: Daily analysis and trading strategies 11-10-09
Quote of the day: I have not failed. I’ve just found 10,000 ways that won’t work. — Thomas Edison EURUSD Trading strategy: long at 1.4905, initial stop at 1.4835 (risk 1%), objective at 1.5040. Adjust stop to breakeven on +30 pips (at 1.4935) if reached. A busy week is over and a new one has Read More
- Continue reading: Daily analysis and trading strategies 11-09-09
Quote of the day: We cannot truly plan, because we do not understand the future – but this is not necessarily a bad news. We could plan while bearing in mind such limitations. It just takes guts. – Nassim Nicholas Taleb EURUSD Trading strategy: short at 1.4990, initial stop at 1.5060, objective at 1.4880. Adjust Read More
- Continue reading: Daily analysis and trading strategies 11-06-09
EURUSD Trading strategy: long at 1.4760, initial stop at 1.4690, objective at 1.4900. Adjust stop to breakeven on +40 pips (at 1.4800) if reached The euro recovered on yesterday ahead of FOMC and the Fed held interest rates for “an extended period” and kept trillion-dollar stimulus measures in place to support the recession recovery. Key Read More
- Continue reading: Daily analysis and trading strategies 11-05-09
EURUSD Trading strategy: stand aside A look at the EURUSD chart over the last few days provides a clear image of how undecided the market is. Yesterday’s sell-off below the 1.4700 support provided the confirmation of recent fears regarding an extended correction towards mid 1.45s, but price reversed around 1.4630 – returning into the 1.4730 Read More
- Continue reading: Daily analysis and trading strategies 11-04-09
EURUSD Trading strategy: stand aside The euro had another chance to extend its recovery above resistance at 1.4850 on yesterday but it found solid offers ahead of it and retreated back into the mid 1.47s, following the decline in equities. Upside remains slightly favored for now but downside pressure is high as long as 1.4850 Read More
- Continue reading: Daily analysis and trading strategies 11-03-09
EURUSD Trading strategy: stand aside The euro is advancing against the dollar after it retreated from 1.4850 on Friday. Same key support on the 1.4700 handle, formed by the 61.8% of the 1.4480-1.5060 up leg, provided a reversal level and the euro is currently pushing on the upside towards interim resistance at 1.4850. Downside risk Read More
- Continue reading: Daily analysis and trading strategies 11-02-09
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