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Daily analysis and trading strategies 9-3-10
2 responses - Posted 09.03.10
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 ...continue
2 responses - Posted 09.03.10
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 ...continue
50:1 forex leverage – will it affect your trading?
no responses - Posted 09.02.10
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 ...continue
no responses - Posted 09.02.10
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 ...continue
Daily analysis and trading strategies 9-2-10
10 responses - Posted 09.02.10
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. ...continue
10 responses - Posted 09.02.10
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. ...continue
Daily analysis and trading strategies 9-1-10
2 responses - Posted 09.01.10
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 ...continue
2 responses - Posted 09.01.10
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 ...continue
Daily analysis and trading strategies 8-31-10
no responses - Posted 08.31.10
EURUSD Trading strategy: small short at 1.2720, stop at 1.2780(0.5% risk), objective at 1.2620 Support at 1.2650 is again under pressure as the euro failed to maintain its course, erasing most of last week's gains. Next downside barrier comes below 1.2650 at 1.2590/05 which is also the 50% retracement of 1.1875-1.3335. Short-term ...continue
no responses - Posted 08.31.10
EURUSD Trading strategy: small short at 1.2720, stop at 1.2780(0.5% risk), objective at 1.2620 Support at 1.2650 is again under pressure as the euro failed to maintain its course, erasing most of last week's gains. Next downside barrier comes below 1.2650 at 1.2590/05 which is also the 50% retracement of 1.1875-1.3335. Short-term ...continue
Daily analysis and trading strategies 8-30-10
no responses - Posted 08.30.10
EURUSD Trading strategy: standing aside Euro's consolidation above 1.2700 continues but its recovery is still modest, upside being capped by 1.2770 - following the EURJPY which is facing resistance around former support zone, at 109.25. Short-term studies are bearish while the pair is trading below 1.2900 and its recovery being weak. Interim ...continue
no responses - Posted 08.30.10
EURUSD Trading strategy: standing aside Euro's consolidation above 1.2700 continues but its recovery is still modest, upside being capped by 1.2770 - following the EURJPY which is facing resistance around former support zone, at 109.25. Short-term studies are bearish while the pair is trading below 1.2900 and its recovery being weak. Interim ...continue
Daily analysis and trading strategies 8-27-10
no responses - Posted 08.27.10
EURUSD Trading strategy: small long at 1.2750, stop at 1.2680 (0.5% risk), objective at 1.2850 Euro's minor recovery continues after testing support around 1.2660 yesterday. However, upside was capped at 1.2760. Upside is slightly favored at the time of writing but short-term bias remains bearish as long as 1.2900 is still "far" ...continue
no responses - Posted 08.27.10
EURUSD Trading strategy: small long at 1.2750, stop at 1.2680 (0.5% risk), objective at 1.2850 Euro's minor recovery continues after testing support around 1.2660 yesterday. However, upside was capped at 1.2760. Upside is slightly favored at the time of writing but short-term bias remains bearish as long as 1.2900 is still "far" ...continue