Quote of the day: It is better to fail in originality than to succeed in imitation. — Herman Melville EURUSD Trading strategy: small short at 1.4050, stop at 1.4110 (0.5% risk), 1st objective at 1.4000, 2nd objective at 1.3950 The euro remains under pressure since weak rallies are finding resistance and it couldn’t hold pullback Read More
- Continue reading: Daily analysis and trading strategies 01-29-10
Quote of the day: You can never plan the future by the past. – Edmund Burke EURUSD Trading strategy: small short at 1.4080, stop at 1.4140 (0.5% risk), 1st objective at 1.4020, 2nd objective at 1.3960 The euro slid below the $1.40 mark after the Fed announced its monetary policy decision, leaving interest rates unchanged Read More
- Continue reading: Daily analysis and trading strategies 1-28-10
Quote of the day: Feelings change facts. — Phyllis Bottome EURUSD Trading strategy: stand aside The euro still trades near the 1.4030 bottom after it found intra-day resistance around 1.4100 yesterday. Down 0.70% for the week and 3% since January 1′st – more selling seems just around the corner. Today’s FOMC Interest Rate decision at Read More
- Continue reading: Daily analysis and trading strategies 1-27-10
Quote of the day: If an idea’s worth having once, it’s worth having twice. — Tom Stoppard EURUSD Trading strategy: stand aside Pushing lower towards 6 months low ahead of tomorrow’s FOMC interest rate decision, the euro is facing downside pressure after it failed to stabilize near 1.42 yesterday. Both short term and intra-day charts Read More
- Continue reading: Daily analysis and trading strategies 1-26-10
EURUSD Trading strategy: short at 1.4265, stop at 1.4325(1% risk), 1st objective at 1.4205, 2nd objective at 1.4145 The euro holds its modest gains around 1.4170, recovering from recent bottom at 1.4030. Short term sentiment remains bearish while below 1.4300 and extended gains from current market levels will probably be limited by facing resistance into Read More
- Continue reading: Daily analysis and trading strategies 1-25-10
EURUSD Trading strategy: short at 1.4215, stop at 1.4265(1% risk), objective at 1.4175. Euro’s comeback from the 1.4030 bottom is likely to extend further, towards resistance zone around 1.4250, where fresh selling will probably emerge. Short term sentiment remains bearish while below 1.4250-1.4300, so a daily close above the said range is needed to confirm Read More
- Continue reading: Daily analysis and trading strategies 1-22-10
EURUSD Trading strategy: short at 1.4240, stop at 1.4300 (1% risk), 1st objective at 1.4180, 2nd objective at 1.4120 Euro’s sell-off continued as dollar has performed pretty well across the board, and so far it doesn’t suggest that it will slow down. In case of an extended recovery, the euro may enter the ‘rallies selling Read More
- Continue reading: Daily analysis and trading strategies 1-21-10
EURUSD Trading strategy: short at 1.4285, stop at 1.4345 (1% risk), 1st objective at 1.4225, 2nd objective at 1.4165. Euro remains a victim of gravity as it extended its losses down to 1.4165 overnight, well below support formed by the 200 days SMA around 1.4280. More downside action remains probable as long as intra-day resistance Read More
- Continue reading: Daily analysis and trading strategies 1-20-10
Quote of the day: The winner is the chef who takes the same ingredients as everyone else and produces the best results. — Edward de Bono EURUSD Trading strategy: short at 1.4460, stop at 1.4520(1% risk), 1st objective at 1.4400, 2nd objective at 1.4340. The euro is quietly recovering some lost ground, testing offers around Read More
- Continue reading: Daily analysis and trading strategies 1-19-10
EURUSD Trading strategy: short at 1.4450, stop at 1.4510 (1% risk), 1st objective at 1.4390, 2nd objective at 1.4350 Euro’s weakness extended last Friday and bids near the 1.4330 support zone have tested. Downside bias is stronger as the euro failed to hold recent gains into the 1.45 region, above the bottom established around 1.4460. Read More
- Continue reading: Daily analysis and trading strategies 1-18-10
Hello, As some of you already know, 2 days ago the CFTC announced the publication in the Federal Register of proposed regulations concerning FX retail transactions. The plan is to set the maximum leverage in US retail forex transactions to 10:1 – that’s 10 times lower than the 100:1 cap set by the NFA a Read More
- Continue reading: CFTC proposal limiting U.S. retail FX leverage to 10:1
EURUSD Trading strategy: small short at 1.4460, stop at 1.4510 (0.5% risk), 1st objective at 1.4410, 2nd objective at 1.4360 The euro lost ground due to Trichet’s statement that the European economic outlook “is still uncertain”, also adding that “Greece fiscal problems won’t get any special treatment” – intensifying pressure on Greece to cut the Read More
- Continue reading: Daily analysis and trading strategies 1-15-10
EURUSD Trading strategy: stand aside The euro holds recent gains ahead of today’s ECB Interest Rate decision at 12:45 GMT – expected to remain unchanged at 1%. Other important economic events today are: Retail Sales and Initial Jobless Claims in the U.S. at 13:30 GMT. Technically speaking, momentum in the daily frame is positive as Read More
- Continue reading: Daily analysis and trading strategies 1-14-10
EURUSD Trading strategy: stand aside The euro holds recently gains above the higher half of the 1.44 zone but so far it couldn’t stabilize above the 1.4500 handle, remaining into the bearish flag range while the upper barrier at 1.4530/50 is intact. Upside is favored for now and extended gains out of current range may Read More
- Continue reading: Daily analysis and trading strategies 1-13-10
Quote of the day: The successful man will profit from his mistakes and try again in a different way. — Dale Carnegie EURUSD Trading strategy: small long at 1.4420, stop at 1.4370 (0.5% risk), 1st objective at 1.4470, 2nd objective at 1.4520 Still trading within the bearish flag range as the euro pulled back from Read More
- Continue reading: Daily analysis and trading strategies 01-12-10
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