Quote of the day: There is no worse lie than a truth misunderstood by those who hear it. — William James EURUSD Trading strategy: long at 1.2750, stop at 1.2680 (0.5% risk), 1st objective at 1.2800, 2nd objective at 1.2900 Some more upside action is possible now that the consolidation between 1.2660 and 1.2760 is Read More
- Continue reading: Daily forex analysis and strategies 9-13-10
Quote of the day: Good judgment comes from experience and experience comes from bad judgment. — Fred Brooks Are you on Facebook? If so, you can join innerfx there EURUSD Trading strategy: short at 1.2660, stop at 1.2720(0.5% risk), 1st objective at 1.2610, 2nd objective at 1.2560 The upside barrier around 1.2770 was retested yesterday Read More
- Continue reading: Daily forex analysis and strategies 9-10-10
Quote of the day: It has become appallingly obvious that our technology has exceeded our humanity. — Albert Einstein EURUSD Trading strategy: short at 1.2675 on hourly close below 1.2670, stop at 1.2735(0.5% risk), 1st objective at 1.2625, 2nd objective at 1.2550 Former support around 1.2770 was tested and held, as I was expecting in Read More
- Continue reading: Daily forex analysis and strategies 9-9-10
Quote of the day: Leadership is a privilege to better the lives of others. It is not an opportunity to satisfy personal greed. — Mwai Kibaki EURUSD Trading strategy: short at 1.2780, stop at 1.2850(0.5% risk), 1st objective at 1.2730, 2nd objective at 1.2650 The euro is approaching last week’s bottom as intra-day support failed Read More
- Continue reading: Daily forex analysis and strategies 9-8-10
Quote of the day: Democracy is being allowed to vote for the candidate you dislike least. — Robert Byrne EURUSD Trading strategy: small short at 1.2850, stop at 1.2910(0.5% risk), 1st objective at 1.2800, 2nd objective at 1.2750 The euro changed direction, revisiting the downside near support at 1.2770 after an industry group said Germany’s Read More
- Continue reading: Daily analysis and trading strategies 9-7-10
Quote of the day: If all economists were laid end to end, they would not reach a conclusion. – George Bernard EURUSD Trading strategy: standing aside The euro managed to reach 1.2900 on Friday’s NFP release which came at -54k. Although 1.2900 currently caps the upside, the euro is set to strengthen – breaking above Read More
- Continue reading: Daily analysis and trading strategies 9-6-10
EURUSD Trading strategy: small long at 1.2780, stop at 1.2720(0.5% risk), 1st objective at 1.2830, 2nd objective at 1.2900 The euro is relatively quiet since yesterday, trading in a narrow range of 70 points, but holding gains above 1.2800. Upside is slightly favored and a pullback may provide a buying opportunity if former resistance at Read More
- Continue reading: Daily analysis and trading strategies 9-3-10
Hello everyone, It is not news anymore that the US Commodity Futures Trading Commission released its final foreign exchange market rule regarding the limit on leverage for firms dealing in retail forex. A few months ago when the upcoming decision was announced, I expressed my opinion that the 10:1 proposal was quite “shocking” and it Read More
- Continue reading: 50:1 forex leverage – will it affect your trading?
Quote of the day: A deception that elevates us is dearer than a host of low truths. — Marina Tsvetaeva EURUSD Trading strategy: small long at 1.2740, stop at 1.2680 (0.5% risk), objective at 1.2900 The euro recovered some losses, breaking above the 1.2750 resistance region, following the risk pairs which rallied yesterday. Euro’s recovery Read More
- Continue reading: Daily analysis and trading strategies 9-2-10
EURUSD Trading strategy: standing aside Range-bound trading continues as the upside was capped by 1.2740 yesterday but support around 1.2650 was also stable. Recent euro’s losses against the Swiss franc and the yen are contributing to its weakness against the dollar, too – and current EURCHF and EURJPY studies don’t look too good to those Read More
- Continue reading: Daily analysis and trading strategies 9-1-10
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