EURUSD Trading strategy: stand aside Yesterday’s recovery continued through today’s Asian session and 1.3600 is under pressure at the time of writing this article. My yesterday’s small short at 1.3560 was triggered and is still in play. Short-term sentiment remains unchanged as there’s enough room to the upside up to 1.3850/60, where a sustained break would Read More
- Continue reading: Daily analysis and trading strategies 2-26-10
Quote of the day: Nothing is as simple as we hope it will be. — Jim Horning EURUSD Trading strategy: small short at 1.3560, stop at 1.3610(0.5% risk), 1st objective at 1.3510, 2nd objective at 1.3440 Fresh selling emerged and limited yesterday’s rally to 1.3625 session high, downside pressure intensifying through the Asian session. Recent Read More
- Continue reading: Daily analysis and trading strategies 2-25-10
Quote of the day: A great truth is a truth whose opposite is also a truth. — Thomas Mann EURUSD Trading strategy: small short at 1.3655, stop at 1.3695(0.5% risk), objective at 1.3575 Yesterday’s rally went out of steam ahead of 1.3700 where resistance is formed by the downward trend line coming from 1.4025 (February Read More
- Continue reading: Daily analysis and trading strategies 2-24-10
Quote of the day: He that can have patience can have what he will. — Benjamin Franklin EURUSD Trading strategy: stand aside Still trading in a narrow range but holding up above the 1.3600 mark, below yesterday’s top at 1.3655 – 61.8% of last down leg from 1.3790 to 1.3445. Break above the intra-day resistance Read More
- Continue reading: Daily analysis and trading strategies 2-23-10
Quote of the day: What we anticipate seldom occurs; what we least expected generally happens — Benjamin Disraeli EURUSD Trading strategy: long at 1.3565, stop at 1.3505(1% risk), 1st objective at 1.3625, 2nd objective at 1.3700 Last week’s losses against the U.S. dollar have been lower comparing to the weeks of January and extended corrections Read More
- Continue reading: Daily analysis and trading strategies 2-22-10
Quote of the day: Common sense ain’t common. — Will Rogers EURUSD Trading strategy: stand aside The euro comes under high pressure once again against the dollar, eroding the recent bottom into the 1.3530/50 region as the Fed chose to bump up the discount lending rate by one-quarter point to 0.75 percent. Yesterday’s initial gains Read More
- Continue reading: Daily analysis and trading strategies 2-19-10
Quote of the day: From error to error, one discovers a new error. — Trader friend from Singapore (in reply to Nietzsche’s “From error to error, one discovers the entire truth” quote, but more trading related) EURUSD Trading strategy: stand aside The euro declined back into the $1.35 region, giving back Tuesday’s gains so the Read More
- Continue reading: Daily analysis and trading strategies 2-18-10
Quote of the day: The world is wrong side up. It needs to be turned upside down in order to be right side up. — Billy Sunday EURUSD Trading strategy: long at 1.3690, stop at 1.3630(1% risk), 1st objective at 1.3750, 2nd objective at 1.3810 The euro performed well yesterday, rallying out of the downtrend Read More
- Continue reading: Daily analysis and trading strategies 2-17-10
Quote of the day: Time is what we want most, but what we use worst. — William Penn EURUSD Trading strategy: stand aside Yesterday’s trading has been quiet due to the President’s Day holiday in the U.S. as well as waiting for any decision about Greece. The EU states have given Greece one month to Read More
- Continue reading: Daily analysis and trading strategies 2-16-10
Quote of the day: A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort. — Herm Albright EURUSD Trading strategy: stand aside The euro reached a fresh low against the dollar last week – 50 points below earlier established multi-month low at 1.3585 on Read More
- Continue reading: Daily analysis and trading strategies 2-15-10
Quote of the day: A second reason why science cannot replace judgement is the behavior of financial markets. – Martin Feldstein EURUSD Trading strategy: small short at 1.3770, stop at 1.3820(0.5% risk), objective at 1.3710 The euro missed its chance to breach above the $1.38 handle and collapsed, re-testing the 1.3585/00 support region. Although it Read More
- Continue reading: Daily analysis and trading strategies 2-12-10
Quote of the day: The only summit meeting that can succeed is the one that does not take place. — Barry M. Goldwater EURUSD Trading strategy: stand aside Yesterday’s trading sessions have been mixed – euro falling after a failed attempt to breach above 1.3800, but found support on the 61.8% of the recently developed Read More
- Continue reading: Daily analysis and trading strategies 2-11-10
Quote of the day: A rumor without a leg to stand on will get around some other way. – John Tudor EURUSD Trading strategy: holding yesterday’s short at 1.3825 with stop at breakeven, objective at 1.3725. The euro recovered up to 1.3840 session’s high yesterday due to news of Eurozone deciding to aid Greece. The Read More
- Continue reading: Daily analysis and trading strategies 2-10-10
Quote of the day: A lot of people are afraid of heights. Not me. I’m afraid of widths. — Steven Wright EURUSD Trading strategy: short at 1.3825, stop at 1.3885(1% risk), objective at 1.3725. The consolidation continues and the euro shows modest signs of recovery, currently testing last two days’ top side into the 1.3720/40 Read More
- Continue reading: Daily analysis and trading strategies 2-9-10
Quote of the day: It seems to be a law of nature, inflexible and inexorable, that those who will not risk cannot win. — John Paul Jones EURUSD Trading strategy: stand aside The euro continues to face weakness against the dollar, trading near multi-month low reached Friday at 1.3585, as a result of another sell-off Read More
- Continue reading: Daily analysis and trading strategies 2-8-10
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